Philippines Overnight Deposit Facility RateMay 2022 Data - 2016-2021 Historical

Name: Philippines Overnight Deposit Facility Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Philippines,Deposit Interest Rate,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Deposit Interest Rate in Philippines remained unchanged at 2 percent in June from 2 percent in June of 2022. source: Bangko Sentral ng Pilipinas

Deposit Interest Rate in Philippines averaged 2.57 percent from 2016 until 2022, reaching an all time high of 4.25 percent in October of 2018 and a record low of 1.50 percent in November of 2020. This page includes a chart with historical data for Deposit Interest Rate in Philippines. Philippines Overnight Deposit Facility Rate - values, historical data and charts - was last updated on June of 2022.

Deposit Interest Rate in Philippines is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Overnight Deposit Facility Rate is projected to trend around 3.00 percent in 2023 and 2.75 percent in 2024, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

Features Questions? Contact us Already a Member? Login

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us

Please Paste this Code in your Website

width

height

Preview

Related	Last	Previous	Unit	Reference
Interest Rate	2.50	2.25	percent	Jun 2022
Interbank Rate	2.00	2.00	percent	Jun 2022
Money Supply M1	6338959.26	6283157.88	PHP Million	Apr 2022
Money Supply M0	1929974.44	1869345.32	PHP Million	Apr 2022
Money Supply M2	14657098.50	14597723.85	PHP Million	Apr 2022
Money Supply M3	15253466.69	15243735.26	PHP Million	Apr 2022
Foreign Exchange Reserves	103530.00	105400.00	USD Million	May 2022
Deposit Interest Rate	2.00	2.00	percent	Jun 2022
Lending Rate	2.50	3.00	percent	Jun 2022
Loans To Private Sector	8741865.36	8632327.49	PHP Million	Apr 2022
Loans To Banks	332525.79	325243.64	PHP Million	Apr 2022
Cash Reserve Ratio	12.00	12.00	percent	Mar 2022

Philippines Overnight Deposit Facility Rate

In Philippines, the standing overnight deposit facility will absorb any residual system liquidity to prevent market interest rates from falling below the corridor. Interest rate for the O/N deposit facility is the RRP rate minus 50 bps (0.50 percentage point). The interest rate for the O/N deposit facility serves as a floor for the O/N interbank rate.