Lending Rate in Philippines decreased to 2.50 percent in June from 3 percent in June of 2022. source: Bangko Sentral ng Pilipinas

Lending Rate in Philippines averaged 9.50 percent from 1986 until 2022, reaching an all time high of 45 percent in August of 1993 and a record low of 2.50 percent in November of 2020. 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 June of 2022.

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 3.50 percent in 2023 and 3.25 percent in 2024, according to our econometric models.

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Philippines Overnight Lending Facility Rate

Related Last Previous Unit Reference
Interest Rate 2.50 2.25 percent Jun 2022
Interbank Rate 2.38 2.38 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 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.
Actual Previous Highest Lowest Dates Unit Frequency
2.50 3.00 45.00 2.50 1986 - 2022 percent Monthly