Deposit Interest Rate in Philippines remained unchanged at 1.50 percent in September from 1.50 percent in August of 2021. source: Bangko Sentral ng Pilipinas

Deposit Interest Rate in Philippines averaged 2.71 percent from 2016 until 2021, 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 September of 2021.

Deposit Interest Rate in Philippines is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Overnight Deposit Facility Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.

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Philippines Overnight Deposit Facility Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.50 4.25 1.50 2016 - 2021 percent Monthly

Philippines Money Last Previous Highest Lowest Unit
Interest Rate 2.00 2.00 31.00 2.00 percent [+]
Interbank Rate 1.69 1.69 102.63 0.00 percent [+]
Money Supply M0 1654320.87 1639930.68 1734011.23 1918.00 PHP Million [+]
Money Supply M1 5616697.43 5619188.98 5619188.98 14600.00 PHP Million [+]
Money Supply M2 13720812.74 13727850.09 13727850.09 44456.00 PHP Million [+]
Money Supply M3 14374090.06 14391650.90 14391650.90 56544.00 PHP Million [+]
Foreign Exchange Reserves 108050.00 107151.47 110117.43 44.07 USD Million [+]
Banks Balance Sheet 33021.80 3202.00 33021.80 459.52 PHP Billion [+]
Deposit Interest Rate 1.50 1.50 4.25 1.50 percent [+]
Lending Rate 2.00 2.50 45.00 2.00 percent [+]
Loans To Banks 350480.25 316359.84 351342.19 132599.00 PHP Million [+]
Loans To Private Sector 8045491.63 8023724.08 8239837.69 3584899.00 PHP Million [+]
Cash Reserve Ratio 12.00 12.00 25.00 12.00 percent [+]
Central Bank Balance Sheet 7634.14 7689.78 7689.78 479.78 PHP Billion [+]


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.