Deposit Interest Rate in Philippines remained unchanged at 3.50 percent in December from 3.50 percent in November of 2019. Deposit Interest Rate in Philippines averaged 3.11 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. source: Bangko Sentral ng Pilipinas

Deposit Interest Rate in Philippines is expected to be 3.50 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 3.25 in 12 months time. In the long-term, the Philippines Overnight Deposit Facility Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.

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Philippines Overnight Deposit Facility Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.50 4.25 2.50 2016 - 2019 percent Monthly

Philippines Overnight Deposit Facility Rate
In Philippines, the standing overnight deposit facility will absorb any residual system liquidity to prevent market interest rates from falling below the corridor. Interest rate for the O/N deposit facility is the RRP rate minus 50 bps (0.50 percentage point). The interest rate for the O/N deposit facility serves as a floor for the O/N interbank rate.

Philippines Money Last Previous Highest Lowest Unit
Interest Rate 4.00 4.00 31.00 3.00 percent [+]
Money Supply M0 1251305.14 1211793.15 1251305.14 1918.00 PHP Million [+]
Money Supply M1 4260516.00 4135090.80 4260516.00 14600.00 PHP Million [+]
Interbank Rate 3.88 3.88 102.63 0.00 percent [+]
Money Supply M2 11728238.45 11480044.99 11728238.45 44456.00 PHP Million [+]
Money Supply M3 12390767.76 12126092.08 12390767.76 56544.00 PHP Million [+]
Foreign Exchange Reserves 87860.00 86227.58 87860.00 44.07 USD Million [+]
Banks Balance Sheet 2106.70 2305.50 2305.50 459.52 PHP Billion [+]
Deposit Interest Rate 3.50 3.50 4.25 2.50 percent [+]
Lending Rate 4.50 4.50 45.00 3.50 percent [+]
Loans To Banks 253435.09 287382.98 320071.10 132599.00 PHP Million [+]
Loans To Private Sector 7800083.50 7672240.44 7800083.50 3584899.00 PHP Million [+]
Cash Reserve Ratio 15.00 16.00 25.00 12.00 percent [+]
Central Bank Balance Sheet 5095.96 5159.88 5191.86 479.78 PHP Billion [+]