Deposit Interest Rate in Philippines decreased to 3.75 percent in February from 4 percent in January of 2026. Deposit Interest Rate in Philippines averaged 3.49 percent from 2016 until 2026, reaching an all time high of 6.00 percent in October of 2023 and a record low of 1.50 percent in November of 2020. source: Bangko Sentral ng Pilipinas

Deposit Interest Rate in Philippines is expected to be 3.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Overnight Deposit Facility Rate is projected to trend around 4.25 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Cash Reserve Ratio 5.00 5.00 percent Jan 2026
Deposit Interest Rate 3.75 4.00 percent Feb 2026
Foreign Exchange Reserves 112500.00 110900.00 USD Million Jan 2026
Interest Rate 4.25 4.50 percent Feb 2026
Lending Rate 4.75 5.00 percent Feb 2026
Loans To Banks 450874.39 499803.78 PHP Million Dec 2025
Loans to Private Sector 12113810.86 11788572.86 PHP Million Dec 2025
Money Supply M0 2522493.60 2344552.80 PHP Million Dec 2025
Money Supply M1 7917874.00 7553174.15 PHP Million Dec 2025
Money Supply M2 19716371.75 19055394.29 PHP Million Dec 2025
Money Supply M3 20108014.46 19439306.19 PHP Million Dec 2025


Philippines Overnight Deposit Facility Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
3.75 4.00 6.00 1.50 2016 - 2026 percent Monthly