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 July of 2022.

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 7.54 percent in 2023, according to our econometric models.

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Philippines Bank Lending Rate

Related Last Previous Unit Reference
Consumer Confidence -5.20 -15.10 points Jun 2022
Personal Savings 6207559.26 6156738.58 Million PHP May 2022
Bank Lending Rate 6.54 6.77 percent Dec 2019
Consumer Credit 446.07 440.63 PHP Billion Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
6.54 6.77 39.73 5.09 1976 - 2019 percent Monthly