Lending Rate in Philippines remained unchanged at 7 percent in February. Lending Rate in Philippines averaged 10.16 percent from 1986 until 2024, 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. source: Bangko Sentral ng Pilipinas

Lending Rate in Philippines is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Overnight Lending Facility Rate is projected to trend around 5.50 percent in 2025, according to our econometric models.

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Philippines Overnight Lending Facility Rate


Related Last Previous Unit Reference
Interest Rate 6.50 6.50 percent Feb 2024
Interbank Rate 6.50 6.50 percent Feb 2024
Money Supply M1 6835151.56 6587159.67 PHP Million Dec 2023
Money Supply M0 2127080.90 1933583.21 PHP Million Dec 2023
Money Supply M2 16878646.62 16272928.60 PHP Million Dec 2023
Money Supply M3 17365941.75 16761966.01 PHP Million Dec 2023
Foreign Exchange Reserves 103406.55 103753.23 USD Million Jan 2024
Deposit Interest Rate 6.00 6.00 percent Feb 2024
Lending Rate 7.00 7.00 percent Feb 2024
Cash Reserve Ratio 9.50 9.50 percent Dec 2023
Loans to Private Sector 10118202.51 9845913.42 PHP Million Dec 2023
Loans To Banks 335626.84 321971.58 PHP Million Dec 2023

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
7.00 7.00 45.00 2.50 1986 - 2024 percent Monthly
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