The Philippine central bank held its overnight reverse repurchase facility rate at 4 percent during its December meeting, as widely expected, after the economy grew faster than expected in the third quarter while inflation expectations remain well-anchored.
Interest Rate in Philippines averaged 7.79 percent from 1985 until 2019, reaching an all time high of 31 percent in January of 1985 and a record low of 3 percent in June of 2016. This page provides the latest reported value for - Philippines Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Bangko Sentral ng Pilipinas
Interest Rate in Philippines is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Philippines to stand at 3.75 in 12 months time. In the long-term, the Philippines Interest Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.