The benchmark interest rate in Philippines was last recorded at 5.25 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.

In 2024, preliminary figures reflected that the average lending nominal interest rates of banks in the Philippines reached a whooping **** percent — the highest recorded since 2017. The average lending nominal interest rate of banks in the country fluctuated in the observed period.

Key information about Philippines Long Term Interest Rate

• Philippines Long Term Interest Rate: Month End: Philippines: Treasury Bond Rate: 10 Years was reported at 6.12 % pa in Feb 2025, compared with 6.25 % pa in the previous month.
• Philippines Long Term Interest Rate data is updated monthly, available from Sep 1996 to Feb 2025.
• The data reached an all-time high of 21.07 % pa in Nov 1997 and a record low of 2.72 % pa in Jan 2021.
• Long Term Interest Rate is reported by reported by CEIC Data.

The Bureau of the Treasury provides 10 year Treasury Bond Rate. The null values for this series mean that there is no auction on that specific month.


Related information about Philippines Long Term Interest Rate

• In the latest reports, Philippines Short Term Interest Rate: Month End: Treasury Bill Rate: 91 Days was reported at 5.38 % pa in Jan 2025.
• The cash rate (Policy Rate: Month End: Overnight Lending Facility) was set at 7.00 % pa in May 2024.
• Philippines Exchange Rate against USD averaged 55.89 (USD/PHP) in Jun 2023.

Lending interest rate (%) in Philippines was reported at 7.0958 % in 2019, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Lending interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Philippines PH: Interest Rate Spread data was reported at 3.749 % pa in 2017. This records a decrease from the previous number of 4.046 % pa for 2016. Philippines PH: Interest Rate Spread data is updated yearly, averaging 4.501 % pa from Dec 1976 (Median) to 2017, with 40 observations. The data reached an all-time high of 9.698 % pa in 1985 and a record low of 2.524 % pa in 2012. Philippines PH: Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; Median;

The real interest rate in the Philippines increased by *** percentage points (+****** percent) in 2019 in comparison to the previous year. With **** percent, the real interest rate thereby reached its highest value in the observed period.

Key information about Philippines Bank Lending Rate

• Philippines Bank Lending Rate was reported at 8.036 % pa in Dec 2024.
• This records an increase from the previous number of 7.473 % pa for Nov 2024.
• Philippines Bank Lending Rate data is updated monthly, averaging 11.580 % pa from Jan 1976 to Dec 2024, with 588 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.

Bank Lending Rate in Philippines increased to 7.80 percent in October from 7.66 percent in September of 2023. This dataset provides - Philippines Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines PH: Deposit Interest Rate data was reported at 1.879 % pa in 2017. This records an increase from the previous number of 1.596 % pa for 2016. Philippines PH: Deposit Interest Rate data is updated yearly, averaging 8.446 % pa from Dec 1976 (Median) to 2017, with 40 observations. The data reached an all-time high of 21.172 % pa in 1984 and a record low of 1.229 % pa in 2014. Philippines PH: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Lending Rate in Philippines decreased to 5.75 percent in June from 6 percent in May of 2025. This dataset provides - Philippines Overnight Lending Facility Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Forecast: Bank Lending Interest Rate in Philippines 2024 - 2028 Discover more data with ReportLinker!

The deposit interest rate in the Philippines increased by *** percentage points (****** percent) in 2019 in comparison to the previous year. With **** percent, the deposit interest rate thereby reached its highest value in the observed period. The deposit interest rate is paid by financial institutions to deposit account holders.Find more statistics on other topics about the Philippines with key insights such as real interest rate, market capitalization of listed domestic companies as a share of GDP, and broad money as a percentage of GDP.

Key information about Philippines Short Term Interest Rate

• Philippines Short Term Interest Rate: Month End: Treasury Bill Rate: 91 Days was reported at 5.21 % pa in Feb 2025, compared with 5.38 % pa in the previous month.
• Philippines Short Term Interest Rate data is updated monthly, available from Jan 1975 to Feb 2025.
• The data reached an all-time high of 28.57 % pa in Jan 1991 and a record low of 0.00 % pa in Oct 2013.
• Short Term Interest Rate is reported by reported by Bureau of the Treasury.

For periods with no value, there were no Treasury Bills issuance because the Treasury rejected all bids.


Related information about Philippines Short Term Interest Rate

• In the latest reports, Philippines Long Term Interest Rate: Month End: Philippines: Treasury Bond Rate: 10 Years was reported at 6.12 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Overnight Lending Facility) was set at 7.00 % pa in May 2024.
• Philippines Exchange Rate against USD averaged 55.89 (USD/PHP) in Jun 2023.

Real interest rate (%) in Philippines was reported at 6.3545 % in 2019, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Real interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Philippines PH: Real Interest Rate data was reported at 3.232 % pa in 2017. This records a decrease from the previous number of 3.877 % pa for 2016. Philippines PH: Real Interest Rate data is updated yearly, averaging 4.691 % pa from Dec 1976 (Median) to 2017, with 42 observations. The data reached an all-time high of 14.163 % pa in 1986 and a record low of -16.396 % pa in 1984. Philippines PH: Real Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank.WDI: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.; ;

The Philippines: Interest rates on bank credit to the private sector: The latest value from 2019 is 7.1 percent, an increase from 6.12 percent in 2018. In comparison, the world average is 11.43 percent, based on data from 114 countries. Historically, the average for the Philippines from 1976 to 2019 is 12.95 percent. The minimum value, 5.53 percent, was reached in 2014 while the maximum of 28.61 percent was recorded in 1985.

Deposit Interest Rate in Philippines decreased to 4.75 percent in June from 5 percent in May of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in Philippines.

Deposit interest rate (%) in Philippines was reported at 4.0836 % in 2019, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Deposit interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Philippines Treasury Bill Rate: Weighted Avg Interest Rate (WAIR): All data was reported at 6.144 % pa in Nov 2018. This records an increase from the previous number of 5.763 % pa for Oct 2018. Philippines Treasury Bill Rate: Weighted Avg Interest Rate (WAIR): All data is updated monthly, averaging 11.002 % pa from Jan 1975 (Median) to Nov 2018, with 519 observations. The data reached an all-time high of 43.121 % pa in Nov 1984 and a record low of 0.119 % pa in Nov 2013. Philippines Treasury Bill Rate: Weighted Avg Interest Rate (WAIR): All data remains active status in CEIC and is reported by Bureau of the Treasury. The data is categorized under Global Database’s Philippines – Table PH.M005: Treasury Bill and Treasury Bond Rate. Refers to the rate on short-term debt instruments issued by the National Government (NG) for the purpose of generating funds needed to finance outstanding obligations.

Philippines Commercial Real Estate Loans: CS: Interest Rate Floors data was reported at 28.600 Index in Sep 2018. This records an increase from the previous number of 17.600 Index for Jun 2018. Philippines Commercial Real Estate Loans: CS: Interest Rate Floors data is updated quarterly, averaging 6.700 Index from Dec 2011 (Median) to Sep 2018, with 28 observations. The data reached an all-time high of 40.000 Index in Mar 2012 and a record low of -11.800 Index in Sep 2014. Philippines Commercial Real Estate Loans: CS: Interest Rate Floors 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.S007: Senior Bank Loan Officers' Survey.