Philippines Interest Rate - Forecast

Interest Rate in Philippines is expected to be 4.25 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 4.50 in 12 months time. In the long-term, the Philippines Interest Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.


Forecast Data Chart
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Philippines Money Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 4 4.25 4.25 4.5 4.5 4.5
Interbank Rate 4.22 4.47 4.59 4.72 4.72 4.72
Money Supply M0 1029050 1035000 1044000 1056000 1062000 1109000
Money Supply M1 3727220 3810000 3920000 4050000 4130000 4560000
Money Supply M2 10638540 10740000 10920000 11030000 11140000 11880000
Money Supply M3 11103179 11150000 11210000 11250000 11360000 12100000
Foreign Exchange Reserves 77830 77900 78900 79100 79300 82500
Banks Balance Sheet 1136 1154 1167 1122 1134 1280
Deposit Interest Rate 3.5 3.75 3.88 4 4 4
Lending Rate 4.5 4.75 4.88 5 5 5
Loans To Banks 211367 225000 237000 228000 241000 299000
Loans To Private Sector 6862361 6910000 7100000 7370000 7550000 9300000
Cash Reserve Ratio 18 18 18 18 18 17.7
Central Bank Balance Sheet 4684 4830 4875 4900 4915 5090