Deposit Interest Rate in Philippines increased to 5 percent in December from 4.50 percent in November of 2022. source: Bangko Sentral ng Pilipinas

Deposit Interest Rate in Philippines averaged 2.66 percent from 2016 until 2022, reaching an all time high of 5.00 percent in December of 2022 and a record low of 1.50 percent in November of 2020. This page includes a chart with historical data for Deposit Interest Rate in Philippines. Philippines Overnight Deposit Facility Rate - values, historical data and charts - was last updated on February of 2023.

Deposit Interest Rate in Philippines is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Philippines Overnight Deposit Facility Rate



Related Last Previous Unit Reference
Interest Rate 5.50 5.00 percent Dec 2022
Interbank Rate 5.53 5.53 percent Feb 2023
Money Supply M1 6361173.47 6281377.17 PHP Million Nov 2022
Money Supply M0 1864456.54 1836541.26 PHP Million Nov 2022
Money Supply M2 15141366.75 14949666.20 PHP Million Nov 2022
Money Supply M3 15628266.33 15442308.61 PHP Million Nov 2022
Foreign Exchange Reserves 96000.00 95100.00 USD Million Dec 2022
Deposit Interest Rate 5.00 4.50 percent Dec 2022
Lending Rate 5.50 5.00 percent Dec 2022
Cash Reserve Ratio 12.00 12.00 percent Dec 2022
Loans to Private Sector 9317441.29 9227488.82 PHP Million Nov 2022
Loans To Banks 293600.10 289257.20 PHP Million Nov 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
5.00 4.50 5.00 1.50 2016 - 2022 percent Monthly