Lending Rate in Philippines decreased to 2 percent in September from 2.50 percent in August of 2021. source: Bangko Sentral ng Pilipinas

Lending Rate in Philippines averaged 9.65 percent from 1986 until 2021, reaching an all time high of 45 percent in August of 1993 and a record low of 2 percent in September of 2021. This page provides - Philippines Overnight Lending Facility Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Overnight Lending Facility Rate - values, historical data and charts - was last updated on October of 2021.

Lending Rate in Philippines is expected to be 2.50 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 3.00 percent in 2022, according to our econometric models.

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Philippines Overnight Lending Facility Rate


Philippines Last Unit Reference Previous Highest Lowest
Interest Rate 2.00 percent Sep/21 2.00 31.00 2.00
Interbank Rate 1.66 percent Oct/21 1.66 102.63 0.00
Money Supply M1 5683451.70 PHP Million Aug/21 5616697.43 5683451.70 14600.00
Money Supply M0 1657861.14 PHP Million Aug/21 1654320.87 1734011.23 1918.00
Money Supply M2 13800146.63 PHP Million Aug/21 13720812.74 13800146.63 44456.00
Money Supply M3 14449777.19 PHP Million Aug/21 14374090.06 14449777.19 56544.00
Foreign Exchange Reserves 107160.00 USD Million Sep/21 107960.00 110117.43 44.07
Deposit Interest Rate 1.50 percent Sep/21 1.50 4.25 1.50
Lending Rate 2.00 percent Sep/21 2.50 45.00 2.00
Loans To Private Sector 8140463.82 PHP Million Aug/21 8045491.63 8239837.69 3584899.00
Loans To Banks 364222.61 PHP Million Aug/21 350480.25 364222.61 132599.00
Cash Reserve Ratio 12.00 percent Apr/21 12.00 25.00 12.00


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.