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 November of 2021.

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. In the long-term, the Philippines Bank Lending Rate is projected to trend around 7.04 percent in 2022, according to our econometric models.

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Philippines Bank Lending Rate

Related Last Previous Unit Reference
Consumer Confidence -19.30 -30.90 points Sep/21
Personal Savings 6075435.59 5981290.79 Million PHP Sep/21
Bank Lending Rate 6.54 6.77 percent Dec/19
Consumer Credit 402.24 400.21 PHP Billion Jun/21
Philippines Bank Lending Rate
In Philippines, the bank lending rate is lower band of the lending rates of interest charged on loans by commercial banks to private individuals and companies.