The Philippine central bank held the rate on its overnight reverse repurchase facility at 4.75 percent on February 7th, as widely expected, saying inflation expectations declined further while economic growth moderates. The central bank paused its tightening cycle in December following five straight rate hikes in previous meetings. Interest Rate in Philippines averaged 7.88 percent from 1985 until 2019, reaching an all time high of 31 percent in January of 1985 and a record low of 3 percent in June of 2016.
Interest Rate in Philippines is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Philippines to stand at 4.50 in 12 months time. In the long-term, the Philippines Interest Rate is projected to trend around 3.75 percent in 2020, according to our econometric models.