Lending Rate in Philippines remained unchanged at 6.25 percent in May from 6.25 percent in April of 2023. source: Bangko Sentral ng Pilipinas

Lending Rate in Philippines averaged 9.38 percent from 1986 until 2023, 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 June of 2023.

Lending Rate in Philippines is expected to be 6.25 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 5.00 percent in 2024 and 4.00 percent in 2025, according to our econometric models.

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Philippines Overnight Lending Facility Rate



Related Last Previous Unit Reference
Interest Rate 6.25 6.25 percent May 2023
Interbank Rate 6.38 6.38 percent Jun 2023
Money Supply M1 6467113.88 6461093.47 PHP Million Mar 2023
Money Supply M0 1934866.32 1891123.62 PHP Million Mar 2023
Money Supply M2 15702638.64 15600217.15 PHP Million Mar 2023
Money Supply M3 16184028.70 16079496.40 PHP Million Mar 2023
Foreign Exchange Reserves 101511.37 101548.28 USD Million Apr 2023
Deposit Interest Rate 5.75 5.75 percent May 2023
Lending Rate 6.25 6.25 percent May 2023
Cash Reserve Ratio 12.00 12.00 percent Apr 2023
Loans to Private Sector 9407919.33 9331305.37 PHP Million Mar 2023
Loans To Banks 333928.72 390790.53 PHP Million Mar 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
6.25 6.25 45.00 2.50 1986 - 2023 percent Monthly
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