Philippines Bank Lending Rate

Bank Lending Rate in Philippines increased to 7.02 percent in December from 6.64 percent in November of 2018. Bank Lending Rate in Philippines averaged 13.08 percent from 1976 until 2018, reaching an all time high of 39.73 percent in December of 1984 and a record low of 5.09 percent in February of 2015.

Bank Lending Rate in Philippines is expected to be 6.85 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in Philippines to stand at 6.35 in 12 months time. In the long-term, the Philippines Bank Lending Rate is projected to trend around 6.35 percent in 2020, according to our econometric models.

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Philippines Consumer	Last	Previous	Highest	Lowest	Unit
Consumer Confidence	-22.50	-7.10	13.10	-52.80	Index Points	[+]
Retail Sales Yoy	2.70	3.80	79.50	-3.13	percent	[+]
Consumer Spending	1791823.92	1479834.36	1791823.92	305524.42	PHP Million	[+]
Personal Savings	4665755.56	4620854.67	4689905.96	1124351.04	Million PHP	[+]
Bank Lending Rate	7.02	6.64	39.73	5.09	percent	[+]
Retail Sales Mom	-0.50	-0.20	14.43	-2.51	percent	[+]
Gasoline Prices	0.90	0.90	1.29	0.34	USD/Liter	[+]
Consumer Credit	329.44	318.96	329.44	76.00	PHP Billion	[+]
Consumer Confidence Current Conditions	13.90	26.60	26.60	-81.20		[+]
Consumer Confidence Economic Expectations	40.40	39.30	67.70	-48.90		[+]
Consumer Confidence Unemployment Expectations	1.90	-4.20	76.10	-27.80		[+]

In Philippines, the bank lending rate is lower band of the lending rates of interest charged on loans by commercial banks to private individuals and companies. This page provides - Philippines Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Bank Lending Rate - actual data, historical chart and calendar of releases - was last updated on February of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	7.02	6.64	39.73	5.09	1976 - 2018	percent	Monthly

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Country	Last		Previous	Range
Brazil	48.88	Dec/18	51.57	254 : 39.12	%
South Africa	10.25	Jan/19	10.25	25.5 : 5.5	%
India	9.45	Jan/19	9.45	20 : 8	%
Russia	9.24	Dec/18	9.06	449 : 7.9	%
Australia	8.66	Jan/19	8.65	20.5 : 8.1	%
United States	5.50	Jan/19	5.35	20.5 : 2	%
Singapore	5.33	Jan/19	5.33	14.98 : 5.28	%
China	4.35	Jan/19	4.35	12.06 : 4.35	%
Canada	3.95	Jan/19	3.95	22.75 : 2.25	%
South Korea	3.72	Dec/18	3.66	17.01 : 3.23	%
Germany	2.06	Dec/18	2.05	6.55 : 2.03	%
Euro Area	1.97	Dec/18	2.02	6.52 : 1.97	%
Italy	1.90	Dec/18	1.94	6.48 : 1.89	%
United Kingdom	1.75	Feb/19	1.75	18 : 1.25	%
France	1.70	Dec/18	1.72	6.29 : 1.67	%
Japan	1.00	Dec/18	1	9.9 : 0.9	%
Spain	0.94	Dec/18	1.46	6.29 : 0.94	%
Netherlands	0.83	Dec/18	0.85	6.26 : 0.83	%