From a difference between the highest and lowest bids of 190 bps, spread is now around 25bps. 4/5  BIS central bankers' speeches  Soon, the BTr will announce the preliminary market makers and will launch the actual enhanced GSED program early next year. By November of this year, we also look forward to the first trade in the repo market.
We are also further liberalizing and rationalizing foreign exchange rules. This is consistent with efforts to enhance the ease of doing business and facilitate job-generating investments. There is also the aim of improving data capture for effective policy decision-making.