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.

• 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.

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.

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: 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;

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.; ;

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.

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.

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

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.; ;

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.

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.

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: 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.; ;

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.

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.

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.; ;

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.