Bank Lending Rate in Philippines decreased to 6.54 percent in December from 6.77 percent in November of 2019.

Bank Lending Rate in Philippines averaged 12.94 percent from 1976 until 2019, reaching an all time high of 39.73 percent in December of 1984 and a record low of 5.09 percent in February of 2015. This page provides - Philippines Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Bank Lending Rate - values, historical data and charts - was last updated on October of 2020. source: Bangko Sentral Ng Pilipinas

Bank Lending Rate in Philippines is expected to be 6.54 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in Philippines to stand at 7.04 in 12 months time. In the long-term, the Philippines Bank Lending Rate is projected to trend around 7.29 percent in 2021 and 7.79 percent in 2022, according to our econometric models.

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Philippines Bank Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.54 6.77 39.73 5.09 1976 - 2019 percent Monthly

Philippines Consumer Last Previous Highest Lowest Unit
Consumer Confidence -54.50 1.26 13.10 -54.50 points [+]
Retail Sales Yoy 1.20 1.30 79.50 -3.13 percent [+]
Consumer Spending 2913245.91 3314513.21 3314513.21 305524.42 PHP Million [+]
Personal Savings 5321454.20 5274123.59 5321454.20 1124351.04 Million PHP [+]
Bank Lending Rate 6.54 6.77 39.73 5.09 percent [+]
Retail Sales Mom 0.40 0.00 14.43 -2.51 percent [+]
Gasoline Prices 0.97 1.01 1.29 0.34 USD/Liter [+]
Consumer Credit 412.52 446.38 456.61 76.00 PHP Billion [+]
Consumer Confidence Current Conditions 13.90 26.60 26.60 -81.20 [+]
Consumer Confidence Economic Expectations 40.40 39.30 67.70 -48.90 [+]
Consumer Confidence Unemployment Expectations 1.90 -4.20 76.10 -27.80 [+]


Philippines Bank Lending Rate
In Philippines, the bank lending rate is lower band of the lending rates of interest charged on loans by commercial banks to private individuals and companies.