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Reuters

Philippines launches interest rate swaps market to boost bond liquidity

Reuters
Summary
Nutrition label

83% Informative

The Philippine central bank announced the launch of an interest rate swaps market anchored to a newly established benchmark rate.

IRS lets parties manage rate risk or bet on the direction of borrowing costs by exchanging fixed and floating interest rate streams.

The ORR, to be based on the central bank's daily reverse repurchase auctions, is expected to provide a better benchmark for pricing loans.

VR Score

93

Informative language

99

Neutral language

79

Article tone

formal

Language

English

Language complexity

65

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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