Lending Rate in Philippines decreased to 4.75 percent in February from 5 percent in January of 2026. Lending Rate in Philippines averaged 9.96 percent from 1986 until 2026, reaching an all time high of 45.00 percent in August of 1993 and a record low of 2.50 percent in November of 2020. source: Bangko Sentral ng Pilipinas

Lending Rate in Philippines is expected to be 4.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Overnight Lending Facility Rate is projected to trend around 5.25 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 Lending Facility Rate
In Philippines, the standing overnight lending facility provides collateralized overnight funding to BSP counterparties to clear end-of-day imbalances. Interest rate for the O/N lending facility is the RRP rate plus 50 bps (0.50 percentage point). The interest rate for the O/N lending facility serves as a ceiling for the O/N interbank rate.
Actual Previous Highest Lowest Dates Unit Frequency
4.75 5.00 45.00 2.50 1986 - 2026 percent Monthly
NSA