Bangko Sentral ng Pilipinas. (File photo / Philippine Daily Inquirer) MANILA  -The Bangko Sentral ng Pilipinas (BSP) will shift to a variable-rate format with a predetermined offer volume in its overnight reverse repurchase (RRP) auction as part of efforts to enhance its tools to control money supply. In an RRP operation, the BSP acts as the seller of government securities and the bank's payment to the BSP mops up the supply of money in circulation. The BSP said in a statement that the changes in the RRP facility were part of its set of planned reforms dating back to the adoption of the interest rate corridor framework in 2016.

https://business.inquirer.net/419184/bsp-to-have-2-overnight-interest-rates

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