The benchmark interest rate in Philippines was last recorded at 4.75 percent. This dataset provides the latest reported value for - Philippines Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Philippines Policy Rate

• Philippines cash rate (Policy Rate: Month End: Overnight Lending Facility) was set at 7.00 % pa in May 2024, compared with 7.00 % pa in the previous Apr 2024.
• Philippines Policy Rate averaged 3.50 % pa and is updated monthly, available from Jun 2016 to May 2024.
• The data reached an all-time high of 7.00 % pa in May 2024 and a record low of 2.50 % pa in Apr 2022.

Overnight Lending Facility Rate is based on Interest Rate Corridor (IRC) System effective 3 June 2016. For Policy Rate prior to June 2016, please refer to the Repurchase Rate.


Related information about Philippines Policy Rate

• In the latest reports, Philippines Short Term Interest Rate: Month End: Treasury Bill Rate: 91 Days was reported at 5.74 % pa in May 2024.
• Its Long Term Interest Rate (Long Term Interest Rate: Month End: Philippines: Treasury Bond Rate: 10 Years) was reported at 6.83 % pa in May 2024.
• Philippines Exchange Rate against USD averaged 55.89 (USD/PHP) in Jun 2023.
• Its Real Effective Exchange Rate was 144.19 in May 2024.

Philippines Interest Rate: BSP Rediscount Rates data was reported at 5.288 % pa in Nov 2018. This records an increase from the previous number of 5.125 % pa for Oct 2018. Philippines Interest Rate: BSP Rediscount Rates data is updated monthly, averaging 5.917 % pa from Jan 1991 (Median) to Nov 2018, with 326 observations. The data reached an all-time high of 18.286 % pa in Feb 1998 and a record low of 3.060 % pa in Dec 2016. Philippines Interest Rate: BSP Rediscount Rates data remains active status in CEIC and is reported by Bangko Sentral ng Pilipinas. The data is categorized under Global Database’s Philippines – Table PH.M004: Manila Reference, Rediscount and Lending Rate. Refers to the rate charged on eligible papers which banks rediscount with the BSP. It is computed monthly as one percent below the 91-day Treasury bill rate for the preceding month.

Lending Rate in Philippines remained unchanged at 5.25 percent in November. This dataset provides - Philippines Overnight Lending Facility Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Philippines Bank Lending Rate

• Philippines Bank Lending Rate was reported at 7.817 % pa in Sep 2025.
• This records a decrease from the previous number of 8.132 % pa for Aug 2025.
• Philippines Bank Lending Rate data is updated monthly, averaging 12.352 % pa from Jan 1976 to Sep 2025, with 597 observations.
• The data reached an all-time high of 39.732 % pa in Dec 1984 and a record low of 5.098 % pa in Feb 2015.
• Philippines Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

CEIC extends history for monthly Bank Lending Rate. Bangko Sentral ng Pilipinas provides Bank Lending Rate. Bank Lending Rate is defined as lending rate for Universal and Commercial Banks. Bank Lending Rate prior to January 2020 is defined as lending rate for Commercial Banks only. Bank Lending Rate prior to October 1981 is sourced from the International Monetary Fund.

In 2024, the Philippines’ consumer price inflation rate amounted to 3.21 percent compared to the previous year. The Philippines are considered “newly industrialized”, but the economy relies on remittances from nationals overseas, and the services sector generates most of its GDP. Emerging and soon to develop?After switching from agriculture to services and manufacturing, the Philippines are now an emerging economy, i.e. the country has some characteristics of a developed nation but is not quite there yet. In order to transition into a developed nation, the Philippines must meet certain requirements, like being able to sustain their economic development, being very open to foreign investors, or maintaining a very high stability of the institutional framework (like law enforcement and the government). Only if these changes are irreversible can they be classified as a developed nation. The Philippines’ switch to servicesEver since the switch to services and manufacturing, employment in these areas has increased and the country is now among those with the highest employment in the tourism industry worldwide. This transition was not entirely voluntary but also due to decreasing government support, the liberalization of trade, and reform programs. Still, agriculture is important for the country: As of 2017, more than a quarter of Filipinos are still working in the agricultural sector, and urbanization has only increased very slightly over the last decade.

Key information about Philippines Exchange Rate against USD

• Philippines Exchange Rate against USD averaged 58.914 (USD/PHP) in Nov 2025, compared with 58.298 USD/PHP in the previous month.
• Philippines Exchange Rate against USD data is updated monthly, available from Jan 1945 to Nov 2025.
• The data reached an all-time high of 712.400 in Dec 2019 and a record low of 105.000 in Dec 1996.

Bangko Sentral ng Pilipinas provides monthly average Exchange Rate against USD.


Key information about Philippines Exchange Rate against USD

• In the latest reports, Philippines Short Term Interest Rate: Month End: Treasury Bill Rate: 91 Days was reported at 4.847 % pa in Nov 2025.
• Its Long Term Interest Rate (Long Term Interest Rate: Month End: Philippines: Treasury Bond Rate: 10 Years) was reported at 5.740 % pa in Nov 2025.
• The cash rate (Policy Rate: Month End: Overnight Lending Facility) was set at 5.250 % pa in Nov 2025.