Lending Rate in Philippines remained unchanged at 2 percent in November from 2 percent in October of 2021. source: Bangko Sentral ng Pilipinas

Lending Rate in Philippines averaged 9.61 percent from 1986 until 2021, reaching an all time high of 45 percent in August of 1993 and a record low of 2 percent in July of 2021. 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 November of 2021.

Lending 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. In the long-term, the Philippines Overnight Lending Facility Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.

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Philippines Overnight Lending Facility Rate


Related Last Previous Unit Reference
Interest Rate 2.00 2.00 percent Nov/21
Interbank Rate 2.00 2.00 percent Nov/21
Money Supply M1 5758368.53 5683451.70 PHP Million Sep/21
Money Supply M0 1680864.10 1657861.14 PHP Million Sep/21
Money Supply M2 14003724.70 13800146.63 PHP Million Sep/21
Money Supply M3 14610564.84 14449777.19 PHP Million Sep/21
Foreign Exchange Reserves 107890.00 107950.00 USD Million Nov/21
Deposit Interest Rate 1.50 1.50 percent Nov/21
Lending Rate 2.00 2.00 percent Nov/21
Loans To Private Sector 8195930.48 8140463.82 PHP Million Sep/21
Loans To Banks 371406.88 364222.61 PHP Million Sep/21
Cash Reserve Ratio 12.00 12.00 percent Sep/21
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.