Deposit Interest Rate in Philippines decreased to 3.75 percent in August from 4 percent in July of 2019. Deposit Interest Rate in Philippines averaged 3.05 percent from 2016 until 2019, reaching an all time high of 4.25 percent in October of 2018 and a record low of 2.50 percent in July of 2016.
Deposit Interest Rate in Philippines is expected to be 4.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Philippines to stand at 4.00 in 12 months time. In the long-term, the Philippines Overnight Deposit Facility Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.