Deposit Interest Rate in Philippines remained unchanged at 4.25 percent in February from 4.25 percent in January of 2019. Deposit Interest Rate in Philippines averaged 2.89 percent from 2016 until 2019, reaching an all time high of 4.25 percent in October of 2018 and a record low of 2.50 percent in July of 2016.

Deposit Interest Rate in Philippines is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Philippines to stand at 4.00 in 12 months time. In the long-term, the Philippines Overnight Deposit Facility Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

Philippines Overnight Deposit Facility Rate
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Forecast Data Chart
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Philippines Money Last Previous Highest Lowest Unit
Interest Rate 4.75 4.75 31.00 3.00 percent [+]
Money Supply M0 1233502.92 1125055.12 1233502.92 1918.00 PHP Million [+]
Money Supply M1 3887379.42 3773018.62 3887379.42 14600.00 PHP Million [+]
Interbank Rate 5.13 5.09 102.63 0.00 percent [+]
Money Supply M2 11065704.62 10764346.00 11065704.62 44456.00 PHP Million [+]
Money Supply M3 11612149.07 11250727.43 11612149.07 56544.00 PHP Million [+]
Foreign Exchange Reserves 82130.00 78460.00 86139.11 44.07 USD Million [+]
Banks Balance Sheet 1230.40 1236.00 1248.90 459.52 PHP Billion [+]
Deposit Interest Rate 4.25 4.25 4.25 2.50 percent [+]
Lending Rate 5.25 5.25 45.00 3.50 percent [+]
Loans To Banks 252759.94 248846.25 320071.10 132599.00 PHP Million [+]
Loans To Private Sector 7395572.61 7213720.84 7395572.61 3584899.00 PHP Million [+]
Cash Reserve Ratio 18.00 18.00 25.00 12.00 percent [+]
Central Bank Balance Sheet 4613.29 4624.62 4781.70 479.78 PHP Billion [+]


Philippines Overnight Deposit Facility Rate

In Philippines, the standing overnight deposit facility will absorb any residual system liquidity to prevent market interest rates from falling below the corridor. Interest rate for the O/N deposit facility is the RRP rate minus 50 bps (0.50 percentage point). The interest rate for the O/N deposit facility serves as a floor for the O/N interbank rate. This page includes a chart with historical data for Deposit Interest Rate in Philippines. Philippines Overnight Deposit Facility Rate - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.25 4.25 4.25 2.50 2016 - 2019 percent Monthly




Country Last Previous
Turkey 22.50 Jan/19
Argentina 21.55 Dec/17
Brazil 8.51 Dec/17
South Africa 7.25 Dec/17
Russia 5.64 Dec/18
Indonesia 5.25 Feb/19
Saudi Arabia 3.40 Feb/19
Mexico 2.70 Dec/17
Australia 1.85 Jan/19
South Korea 1.67 Dec/17
United Kingdom 0.50 Jan/19
China 0.35 Jan/19
Japan 0.32 Dec/17
Singapore 0.14 Dec/17
Canada 0.10 Dec/17
Switzerland -0.32 Dec/18
Euro Area -0.40 Jan/19


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