Lending Rate in Philippines increased to 5.50 percent in December from 5 percent in November of 2022. source: Bangko Sentral ng Pilipinas

Lending Rate in Philippines averaged 9.42 percent from 1986 until 2022, reaching an all time high of 45.00 percent in August of 1993 and a record low of 2.50 percent in November 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 January of 2023.

Lending Rate in Philippines is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Philippines Overnight Lending Facility Rate

Related Last Previous Unit Reference
Interest Rate 5.50 5.00 percent Dec 2022
Interbank Rate 5.50 5.50 percent Jan 2023
Money Supply M1 6361173.47 6281377.17 PHP Million Nov 2022
Money Supply M0 1864456.54 1836541.26 PHP Million Nov 2022
Money Supply M2 15141366.75 14949666.20 PHP Million Nov 2022
Money Supply M3 15628266.33 15442308.61 PHP Million Nov 2022
Foreign Exchange Reserves 96000.00 95100.00 USD Million Dec 2022
Deposit Interest Rate 5.00 4.50 percent Dec 2022
Lending Rate 5.50 5.00 percent Dec 2022
Cash Reserve Ratio 12.00 12.00 percent Dec 2022
Loans to Private Sector 9317441.29 9227488.82 PHP Million Nov 2022
Loans To Banks 293600.10 289257.20 PHP Million Nov 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
5.50 5.00 45.00 2.50 1986 - 2022 percent Monthly