In Philippines, the standing overnight deposit facility will absorb any residual system liquidity to prevent market interest rates from falling below the corridor. Interest rate for the O/N deposit facility is the RRP rate minus 50 bps (0.50 percentage point). The interest rate for the O/N deposit facility serves as a floor for the O/N interbank rate. This page includes a chart with historical data for Deposit Interest Rate in Philippines. Philippines Overnight Deposit Facility Rate - actual data, historical chart and calendar of releases - was last updated on October of 2018.