Lending Rate in Philippines remained unchanged at 2 percent in December from 2 percent in November of 2021. source: Bangko Sentral ng Pilipinas

Lending Rate in Philippines averaged 9.59 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 July 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 January of 2022.

Lending 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 Lending Facility Rate is projected to trend around 2.50 percent in 2022 and 3.00 percent in 2023, according to our econometric models.

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Philippines Overnight Lending Facility Rate


Related Last Previous Unit Reference
Interest Rate 2.00 2.00 percent Dec/21
Interbank Rate 1.81 1.81 percent Jan/22
Money Supply M1 5893550.70 5803088.46 PHP Million Nov/21
Money Supply M0 1740370.26 1711238.47 PHP Million Nov/21
Money Supply M2 14233127.52 14040189.61 PHP Million Nov/21
Money Supply M3 14809292.90 14645728.07 PHP Million Nov/21
Foreign Exchange Reserves 108900.00 107667.50 USD Million Dec/21
Deposit Interest Rate 1.50 1.50 percent Dec/21
Lending Rate 2.00 2.00 percent Dec/21
Cash Reserve Ratio 12.00 12.00 percent Nov/21
Loans To Private Sector 8278034.01 8206760.00 PHP Million Nov/21
Loans To Banks 346055.12 350616.14 PHP Million Nov/21
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.