PHILIPPINES: SELECTED DOMESTIC INTEREST RATES
	weighted averages in percent per annum
			2000	2001	2002	2003	2004	2005	2006		2007														2008
											Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Ave		Jan	Feb	Mar	Apr	May
Treasury Bill Rates
	91 - Day		9.86	9.86	5.43	6.03	7.34	6.36	5.35		3.48	2.94	2.97	2.92	3.03	n.i.	3.55	3.72	3.76	3.76	3.69	n.i.	3.41		3.67	n.i.	n.i.	n.i.	n.i.
	182 - Day		10.84	11.18	7.83	6.95	8.32	7.67	6.15		3.99	3.43	3.46	3.54	3.96	n.i.	4.64	4.78	4.84	4.81	4.70	4.64	4.18		4.67	n.i.	n.i.	n.i.	n.i.
	364 - Day		11.80	11.98	6.82	7.49	9.22	8.68	6.96		4.38	3.91	n.i.	n.i.	5.17	n.i.	5.44	5.61	5.64	5.63	5.57	5.56	4.92		5.43	5.27	n.i.	5.85	6.88
	All Maturities		10.90	11.05	6.04	6.65	8.13	7.53	6.20		4.10	3.58	3.24	3.35	4.18	n.i.	4.61	4.61	4.61	4.93	4.50	4.98	4.21		5.03	5.27	n.i.	5.85	6.88
Time Deposit Rates
	S - T < 360 days		8.03	9.48	5.00	5.25	6.26	5.18	4.93		3.59	3.09	3.01	2.91	2.98	3.35	3.26	3.42	3.64	3.77	4.11	4.25	3.43		3.61	3.44	3.40	3.39	3.50
	L - T > 360 days		10.49	10.76	9.18	8.03	8.18	6.03	5.01		2.79	2.44	2.31	2.29	2.56	2.98	3.16	3.84	3.70	4.01	3.86	3.57	3.06		3.54	3.22	3.24	3.60	3.44
Savings Deposit Rates 1			7.37	7.52	4.24	4.21	4.26	3.76	3.55		2.75	2.36	2.26	2.09	2.02	1.97	2.05	1.99	2.11	2.31	2.14	2.31	2.20		2.37	2.09	2.23	n.a.	n.a.
Bank Average Lending Rates 2			10.86	12.40	8.90	9.48	10.07	10.15	9.71		9.48	8.24	8.79	8.49	8.19	8.26	8.99	9.24	8.87	7.82	8.85	9.08	8.68		8.60	8.23	8.46	n.a.	n.a.
Lending Rates 3
	High		15.57	15.31	10.43	10.75	12.08	11.06	10.15		9.07	8.33	8.27	8.24	8.29	8.34	8.57	8.74	8.83	8.83	8.80	8.78	8.59		8.79	8.81	8.80	8.79	8.95
	Low		12.87	13.67	8.69	8.92	10.07	9.05	8.30		7.23	6.68	6.60	6.58	6.62	6.67	6.85	7.01	7.02	7.01	6.96	6.95	6.85		6.92	6.97	6.96	6.97	7.15
Manila Reference Rates 4
	60		9.50	9.88	6.19	5.56	7.13	6.19	6.00		5.94	5.44	5.13	5.38	5.19	5.19	4.56	4.13	4.38	4.50	4.25	4.06	4.94		4.06	4.13	4.00	4.06	4.13
	90		8.81	10.13	6.38	9.75	9.50	8.94	8.13		8.25	8.19	8.31	8.31	8.50	8.63	8.31	8.13	8.19	8.00	8.13	8.00	8.25		7.94	7.81	7.81	7.94	8.00
	180		9.06	9.56	7.88	8.69	10.44	9.88	9.31		9.44	9.06	8.69	8.94	9.06	8.81	8.25	8.00	8.19	8.06	8.13	8.13	8.63		8.13	8.13	8.19	8.06	8.19
	All Maturities		9.44	9.88	6.75	7.25	8.13	7.06	6.75		6.63	6.13	6.13	6.75	6.56	6.38	5.88	5.44	6.13	6.19	6.00	5.94	6.19		5.75	5.56	5.56	5.56	5.63
RP Rates
	Overnight		14.59	11.31	9.25	9.10	9.00	9.31	9.75		n.t.	n.t.	n.t.	n.t.	n.t.	9.75	8.00	8.00	8.00	7.75	7.50	n.t.	8.00		n.t.	n.t.	n.t.	n.t.	n.t.
	Term		14.36	12.52	9.39	9.17	9.08	9.23	9.81		n.t.	n.t.	n.t.	n.t.	n.t.	9.81	8.06	8.08	n.t.	n.t.	n.t.	n.t.	8.40		n.t.	n.t.	n.t.	n.t.	n.t.
RRP Rates
	Overnight		10.45	9.72	7.06	6.87	6.75	7.04	7.50		7.50	7.50	7.50	7.50	7.50	7.50	6.55	6.00	6.00	5.80	5.61	5.45	6.77		5.24	5.00	5.00	5.00	5.00
	Term		10.16	10.19	7.21	6.96	6.84	7.07	7.59		7.61	7.61	7.60	7.61	7.59	7.61	6.91	6.08	6.09	5.90	5.79	5.56	7.19		5.28	5.12	5.10	5.13	5.13
Interbank Call Loan Rates			10.64	10.03	7.20	7.01	7.05	7.34	7.81		7.52	7.17	7.88	7.99	7.47	7.03	7.04	6.69	6.56	6.35	6.32	6.26	6.86		5.73	5.32	5.19	5.16	5.13
Special Deposit Account Rates			10.14	10.86	7.37	7.07	6.85	7.22	7.78		7.70	7.71	7.73	7.81	7.75	7.68	6.92	6.25	6.31	6.10	5.96	5.76	6.88		5.54	5.24	5.20	5.16	5.15
PHIBOR Rates (All Mats.)			12.01	12.41	7.06	8.02	7.92	7.08	7.39		7.36	5.22	5.44	5.57	5.92	6.36	6.56	7.17	7.06	6.71	6.49	6.43	6.36		6.31	6.81	6.52	6.36	6.29
1     Refer to the annual percentage equivalent of the 10 sample commercial banks' actual monthly interest expenses on peso-savings deposits to the total outstanding levels of these deposits
2    Starting December 1992, monthly rates reflect the annual percentage equivalent of sample commercial banks' actual monthly interest income on their peso-denominated loans to the total outstanding
levels of their peso-denominated loans, bills discounted, mortgage contract receivables and restructured loans.
3    Average of all high/low values.
4    Refer to New MRRs computed based on promissory notes and time deposit transactions of sample commercial banks  pursuant to Circular No. 1911 dated 23 November 1998 effective
13 January 1989.
n.t. - No transactions				n.i. - No. issue