In 2024, preliminary figures reflected that the average lending nominal interest rates of banks in the Philippines reached a whooping 7.89 percent — the highest recorded since 2017. The average lending nominal interest rate of banks in the country fluctuated in the observed period.

In 2024, preliminary figures reflected that the average lending real interest rates of banks in the Philippines reached 5.09 percent, indicating a significant increase from the previous year. This was the highest lending real interest rate of banks since 2017.

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

The real interest rate in the Philippines increased by 4.1 percentage points (+179.04 percent) in 2019. With 6.35 percent, the real interest rate thereby reached its highest value in the observed period. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator.Find more statistics on other topics about the Philippines with key insights such as market capitalization of listed domestic companies as a share of GDP, broad money as a percentage of GDP, and market capitalization of listed domestic companies.

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.; ;

Deposit Interest Rate in Philippines remained unchanged at 5.25 percent in February. This dataset includes a chart with historical data for Deposit Interest Rate in Philippines.

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 remained unchanged at 6.25 percent in February. This dataset provides - Philippines Overnight Lending Facility Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

The deposit interest rate in the Philippines increased by one percentage points (+32.05 percent) compared to the previous year. With 4.08 percent, the deposit interest rate thereby reached its highest value in the observed period. A deposit interest rate is the percentage of profit someone earns on their money in an interest-bearing account with a financial institution. Essentially, it is the money that banks, and credit unions pay someone for keeping their money in their institutions.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.

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.

Interest rate spread (lending rate minus deposit rate, %) in Philippines was reported at 3.0122 % in 2019, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Interest rate spread (lending rate minus deposit rate, %) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Philippines PH: Lending Interest Rate data was reported at 5.627 % pa in 2017. This records a decrease from the previous number of 5.642 % pa for 2016. Philippines PH: Lending Interest Rate data is updated yearly, averaging 12.201 % pa from Dec 1976 (Median) to 2017, with 42 observations. The data reached an all-time high of 28.612 % pa in 1985 and a record low of 5.526 % pa in 2014. Philippines PH: Lending 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. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

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.

• 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.

La tasa de interés de referencia en Filipinas fue registrada por última vez en 5.75 por ciento. Los valores actuales, los datos históricos, las previsiones, estadísticas, gráficas y calendario económico - Filipinas - Tasa de Interés.

Philippines 10Y Bond Yield was 6.31 percent on Wednesday March 26, according to over-the-counter interbank yield quotes for this government bond maturity. Philippines 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on March of 2025.

Philippines PH: Risk Premium on Lending: Lending Rate Minus Treasury Bill Rate data was reported at 4.138 % pa in 2016. This records a decrease from the previous number of 4.309 % pa for 2014. Philippines PH: Risk Premium on Lending: Lending Rate Minus Treasury Bill Rate data is updated yearly, averaging 1.887 % pa from Dec 1976 (Median) to 2016, with 31 observations. The data reached an all-time high of 5.006 % pa in 1983 and a record low of -0.334 % pa in 1984. Philippines PH: Risk Premium on Lending: Lending Rate Minus Treasury Bill 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. Risk premium on lending is the interest rate charged by banks on loans to private sector customers minus the 'risk free' treasury bill interest rate at which short-term government securities are issued or traded in the market. In some countries this spread may be negative, indicating that the market considers its best corporate clients to be lower risk than the government. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics database.; ;

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.

• 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.

This dataset provides values for INTEREST RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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.