Philippines Interest Rate

Last Release

Apr 10, 2025

Actual

5.5

Units In

5.75

Frequency

Daily

Next Release

Jun 19, 2025

Time to Release

2 Months 7 Days 4 Hours

Highest	Lowest	Average	Date Range	Source
31 Jan 1985	2 Nov 2020	7.31 %	1985-2025	N/A

In Philippines, interest rate decisions are taken by The Monetary Board of The Bangko Sentral ng Pilipinas (BSP). The official interest rate is the reverse repo rate (RR/P) which is the overnight borrowing rate. The central bank of the Republic of the Philippines is committed to promote and maintain price stability and provide proactive leadership in bringing about a strong financial system conducive to a balanced and sustainable growth of the economy.

Latest Updates

The Central Bank of the Philippines cut its benchmark interest rate by 25 basis points to 5.5% at its April 2025 policy meeting, aligning with market expectations. The move was driven by easing inflation, with consumer prices rising just 1.8% year-on-year in March, the slowest pace since May 2020 and below the central bank’s 2% to 4% target range. The rate cut also aimed to support the economy amid rising global trade tensions, which have raised concerns over a broader economic slowdown. The Philippine economy expanded by a revised 5.7% in 2024, slightly missing government targets due to typhoon-related disruptions that weakened consumer spending. Meanwhile, the rates on the overnight deposit and lending facilities were also reduced to 5% and 6%, respectively.