Philippines Interest Rate
The policy rate Bangko Sentral ng Pilipinas sets to steer borrowing costs.
5.00%
Matches the latest releaseNot refreshed recently, awaiting the next release
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Jan 2002 to Oct 2026
Source: BIS central bank policy rates (WS_CBPOL, M.PH, extended with the daily series D.PH) · Bangko Sentral ng Pilipinas' overnight reverse repurchase rate, end of month, from January 2002; the current month shows the latest rate.
Philippines Interest Rate in context
Worked out from the published series shown above.
In Philippines, the interest rate rose by 0.25pp over the year to Oct 2026, from 4.75% in Oct 2025.
Over the past five years it has ranged from 2.00% in Oct 2021 to 6.50% in Oct 2023.
Its average since Jan 2002 is 4.80%, and the latest reading is above that.
Philippines is 3rd of 35 countries in our Interest Rate by Country ranking.
How this series is defined
Everything you need to check the figure against the source.
- Source
- BIS central bank policy rates (WS_CBPOL, M.PH, extended with the daily series D.PH)
- Series
- See the citation below
- Frequency
- Monthly
- Unit
- %
- Seasonal adjustment
- Not applicable, interest rates are not seasonally adjusted
- Latest observation
- Oct 2026
- Revision status
- Latest published estimate, subject to revision
In June 2016 BSP moved to an interest rate corridor and reset the rate from 4.0% to 3.0% as a technical change, not an easing. The BIS series runs back further using earlier money-market rates, which are not shown.
Data refreshed 2026-10-12. Figures are the latest published observations and can be revised.
More Philippines indicators
Latest readings. Open any one for its full history.
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