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.