Philippines Interest Rate

Last Release

Oct 09, 2025

Actual

4.75

Units In

Frequency

Daily

Next Release

Dec 11, 2025

Time to Release

2 Months 0 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
31 Jan 1985	2 Nov 2020	7.28 %	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 bps to 4.75% during its October 2025 meeting, defying market expectations of a hold at 5%. This move brought the rate to its lowest level since October 2022, as the central bank cited a benign inflation outlook, with price growth well within the official target range and inflation expectations remaining firmly anchored. However, potential electricity rate adjustments and tariff hikes on rice imports could add upward pressure on prices. Meanwhile, the Monetary Board highlighted a weakening domestic growth outlook, partly due to dampened business sentiment stemming from concerns over governance and the implementation of public infrastructure projects. Additionally, signs of softening demand reflect persistent uncertainties in the external environment. The central bank’s overnight deposit and lending facility rates were also lowered to 4.25% and 5.25%, respectively.