Bank Lending Rate in Philippines decreased to 6.54 percent in December from 6.77 percent in November of 2019. source: Bangko Sentral Ng Pilipinas
Bank Lending Rate in Philippines averaged 12.94 percent from 1976 until 2019, 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. This page provides - Philippines Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Bank Lending Rate - values, historical data and charts - was last updated on October of 2020.
Bank Lending Rate in Philippines is expected to be 6.54 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 7.04 in 12 months time. In the long-term, the Philippines Bank Lending Rate is projected to trend around 7.29 percent in 2021 and 7.79 percent in 2022, according to our econometric models.