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.

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Philippines Overnight Lending Facility Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.75 3.25 45.00 2.75 1986 - 2020 percent Monthly
NSA

Philippines Money Last Previous Highest Lowest Unit
Interest Rate 2.25 2.75 31.00 2.25 percent [+]
Interbank Rate 1.81 1.81 102.63 0.00 percent [+]
Money Supply M0 1584824.27 1420734.50 1584824.27 1918.00 PHP Million [+]
Money Supply M1 4992462.01 4806424.65 4992462.01 14600.00 PHP Million [+]
Money Supply M2 12775438.56 12375832.55 12775438.56 44456.00 PHP Million [+]
Money Supply M3 13554184.96 13128968.63 13554184.96 56544.00 PHP Million [+]
Foreign Exchange Reserves 93290.00 90942.71 93290.00 44.07 USD Million [+]
Banks Balance Sheet 2326.00 2622.20 2622.20 459.52 PHP Billion [+]
Deposit Interest Rate 1.75 2.25 4.25 1.75 percent [+]
Lending Rate 2.75 3.25 45.00 2.75 percent [+]
Loans To Banks 303154.59 252580.49 320071.10 132599.00 PHP Million [+]
Loans To Private Sector 8239837.69 8185634.14 8239837.69 3584899.00 PHP Million [+]
Cash Reserve Ratio 12.00 12.00 25.00 12.00 percent [+]
Central Bank Balance Sheet 4996.74 4995.18 5191.86 479.78 PHP Billion [+]


Philippines Overnight Lending Facility Rate
In Philippines, the standing overnight lending facility provides collateralized overnight funding to BSP counterparties to clear end-of-day imbalances. Interest rate for the O/N lending facility is the RRP rate plus 50 bps (0.50 percentage point). The interest rate for the O/N lending facility serves as a ceiling for the O/N interbank rate.