Lending Rate in Philippines decreased to 2.75 percent in June from 3.25 percent in May of 2020.
Lending Rate in Philippines averaged 9.95 percent from 1986 until 2020, reaching an all time high of 45 percent in August of 1993 and a record low of 2.75 percent in June of 2020. This page provides - Philippines Overnight Lending Facility Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Overnight Lending Facility Rate - values, historical data and charts - was last updated on July of 2020. source: Bangko Sentral ng Pilipinas
Lending Rate in Philippines is expected to be 2.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Lending Rate in Philippines to stand at 3.25 in 12 months time. In the long-term, the Philippines Overnight Lending Facility Rate is projected to trend around 3.25 percent in 2021 and 3.75 percent in 2022, according to our econometric models.