The central bank of the Philippines left the key overnight repo rate steady at 2% on March 25th 2021, in line with expectations. The overnight deposit rate and lending facilities were also left on hold at 1.5% and 2.5%, respectively. Policymakers revised inflation forecasts higher. In 2021, the inflation is seen at 4.2 percent, above the upper end of the target range of 2-4 percent, amid supply-side constraints for meat as well as the continuing uptick in international oil prices. In 2022, inflation is expected to slow to 2.8 percent. source: Bangko Sentral ng Pilipinas
Interest Rate in Philippines averaged 7.60 percent from 1985 until 2021, reaching an all time high of 31 percent in January of 1985 and a record low of 2 percent in November of 2020. This page provides the latest reported value for - Philippines Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Interest Rate in Philippines is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Philippines to stand at 2.25 in 12 months time. In the long-term, the Philippines Interest Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.