Lending Rate in Philippines decreased to 5 percent in May from 5.25 percent in April of 2019. Lending Rate in Philippines averaged 10.17 percent from 1986 until 2019, reaching an all time high of 45 percent in August of 1993 and a record low of 3.50 percent in June of 2016.
Lending Rate in Philippines is expected to be 5.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Lending Rate in Philippines to stand at 5.25 in 12 months time. In the long-term, the Philippines Overnight Lending Facility Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.