A functional repurchase and reverse repurchase (repo) market will finally be launched next week as part of efforts to accelerate financial sector reforms, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. said on Monday.

“A major BSP strategic policy reform is to accelerate financial market development, with special focus on the local currency debt market and foreign exchange (FX) market,” Espenilla said in a speech during awarding ceremonies for the Financial Executives Institute of the Philippines’ (Finex) CFO of the year.

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