Deposit Interest Rate in Philippines remained unchanged at 1.75 percent in August from 1.75 percent in July of 2020.

Deposit Interest Rate in Philippines averaged 3.01 percent from 2016 until 2020, reaching an all time high of 4.25 percent in October of 2018 and a record low of 1.75 percent in June of 2020. This page includes a chart with historical data for Deposit Interest Rate in Philippines. Philippines Overnight Deposit Facility Rate - values, historical data and charts - was last updated on September of 2020. source: Bangko Sentral ng Pilipinas

Deposit Interest Rate in Philippines is expected to be 1.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Philippines to stand at 2.25 in 12 months time. In the long-term, the Philippines Overnight Deposit Facility Rate is projected to trend around 2.50 percent in 2021 and 3.00 percent in 2022, according to our econometric models.

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Philippines Overnight Deposit Facility Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.75 1.75 4.25 1.75 2016 - 2020 percent Monthly

Philippines Money Last Previous Highest Lowest Unit
Interest Rate 2.25 2.25 31.00 2.25 percent [+]
Interbank Rate 1.84 1.84 102.63 0.00 percent [+]
Money Supply M0 1530209.86 1541879.42 1603611.87 1918.00 PHP Million [+]
Money Supply M1 5006090.58 4949940.50 5061069.24 14600.00 PHP Million [+]
Money Supply M2 12754546.30 12781458.41 12910077.14 44456.00 PHP Million [+]
Money Supply M3 13609102.51 13560379.81 13686563.58 56544.00 PHP Million [+]
Foreign Exchange Reserves 99000.00 98600.52 99000.00 44.07 USD Million [+]
Banks Balance Sheet 2975.80 2675.60 2975.80 459.52 PHP Billion [+]
Deposit Interest Rate 1.75 1.75 4.25 1.75 percent [+]
Lending Rate 2.75 2.75 45.00 2.75 percent [+]
Loans To Banks 345293.37 297700.43 345293.37 132599.00 PHP Million [+]
Loans To Private Sector 7981520.98 8072243.03 8239837.69 3584899.00 PHP Million [+]
Cash Reserve Ratio 12.00 12.00 25.00 12.00 percent [+]
Central Bank Balance Sheet 5948.95 5666.06 5948.95 479.78 PHP Billion [+]


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.