|
19 |
SELECTED
DOMESTIC INTEREST RATES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19 |
SELECTED
DOMESTIC INTEREST RATES (CONT'D) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
weighted average in percent per annum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
weighted average in percent per annum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
for periods indicated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
for periods indicated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2019 |
2020 |
2021 |
|
2020 |
|
|
|
|
|
|
2021 |
|
2022 |
|
|
|
|
|
|
|
|
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
|
|
|
|
|
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
|
Jan |
Feb |
Mar |
Apr |
May |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Treasury Bill Rates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Treasury Bill Rates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
35 - Day |
… |
1.869 |
… |
|
… |
… |
.. |
2.714 |
2.033 |
1.950 |
… |
1.160 |
… |
… |
… |
… |
|
|
|
|
|
35 - Day |
… |
… |
… |
… |
… |
… |
… |
… |
… |
… |
… |
… |
|
… |
… |
… |
… |
… |
|
|
|
91 - Day |
4.674 |
2.018 |
1.113 |
|
3.299 |
3.094 |
3.019 |
3.204 |
2.234 |
1.978 |
1.519 |
1.146 |
1.152 |
1.094 |
1.022 |
1.014 |
|
|
|
|
|
91 - Day |
0.980 |
0.870 |
1.208 |
1.335 |
1.270 |
1.108 |
1.061 |
1.067 |
1.072 |
1.103 |
1.152 |
1.140 |
|
0.861 |
0.806 |
1.501 |
1.248 |
1.485 |
|
|
|
182 - Day |
5.065 |
2.261 |
1.431 |
|
3.554 |
3.442 |
3.345 |
3.221 |
2.343 |
2.076 |
1.674 |
1.409 |
1.549 |
1.585 |
1.450 |
1.395 |
|
|
|
|
|
182 - Day |
1.350 |
1.107 |
1.489 |
1.692 |
1.554 |
1.373 |
1.386 |
1.406 |
1.395 |
1.390 |
1.418 |
1.436 |
|
1.117 |
1.082 |
1.551 |
1.610 |
1.767 |
|
|
|
364 - Day |
5.232 |
2.422 |
1.694 |
|
3.860 |
3.874 |
3.618 |
3.371 |
2.698 |
2.298 |
1.791 |
1.748 |
1.826 |
1.794 |
1.736 |
1.691 |
|
|
|
|
|
364 - Day |
1.586 |
1.470 |
1.889 |
1.895 |
1.812 |
1.590 |
1.607 |
1.620 |
1.597 |
1.595 |
1.623 |
1.646 |
|
1.460 |
1.484 |
1.767 |
1.880 |
1.933 |
|
|
|
All Maturities |
5.022 |
2.223 |
1.450 |
|
3.583 |
3.510 |
3.406 |
3.185 |
2.373 |
2.107 |
1.689 |
1.416 |
1.544 |
1.555 |
1.463 |
1.448 |
|
|
|
|
|
All Maturities |
1.364 |
1.198 |
1.608 |
1.718 |
1.600 |
1.363 |
1.351 |
1.364 |
1.362 |
1.363 |
1.407 |
1.482 |
|
1.146 |
1.124 |
1.583 |
1.570 |
1.623 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time Deposit Rates1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time Deposit Rates1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-term (1 Year and below) |
4.059 |
- |
- |
|
2.164 |
1.861 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
Short-term (1 Year and below) |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
- |
- |
- |
- |
- |
|
|
|
Long-term (above 1 Year) |
4.598 |
- |
- |
|
3.258 |
1.513 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
Long-term (above 1 Year) |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Savings Deposit Rates 1,2 |
1.231 |
- |
- |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
Savings Deposit Rates 1,2 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank Average Lending Rates 1,3 |
7.087 |
- |
- |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
Bank Average Lending Rates 1,3 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lending Rates 1,4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lending Rates 1,4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
High |
8.018 |
- |
- |
|
10.894 |
10.780 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
High |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
- |
- |
- |
- |
- |
|
|
|
Low |
5.497 |
- |
- |
|
6.072 |
6.001 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
Low |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overnight Lending Facility (OLF) Rates 5 |
4.996 |
4.063 |
2.500 |
|
4.500 |
4.300 |
.. |
.. |
.. |
.. |
.. |
2.750 |
.. |
2.750 |
2.750 |
2.500 |
|
|
|
|
Overnight Lending Facility (OLF) Rates 5 |
2.500 |
.. |
2.500 |
2.500 |
.. |
.. |
2.500 |
.. |
2.500 |
2.500 |
2.500 |
2.500 |
|
.. |
2.500 |
2.500 |
2.500 |
2.500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overnight RRP Rates 5 |
4.408 |
2.733 |
2.000 |
|
4.000 |
3.804 |
3.554 |
3.092 |
2.750 |
2.652 |
2.250 |
2.250 |
2.250 |
2.250 |
2.158 |
2.000 |
|
|
|
|
Overnight RRP Rates 5 |
2.000 |
2.000 |
2.000 |
2.000 |
2.000 |
2.000 |
2.000 |
2.000 |
2.000 |
2.000 |
2.000 |
2.000 |
|
2.000 |
2.000 |
2.000 |
2.000 |
2.097 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overnight Deposit Facility (ODF) Rates 5 |
3.798 |
2.054 |
1.500 |
|
3.500 |
3.329 |
2.979 |
2.491 |
2.250 |
2.169 |
1.750 |
1.750 |
1.750 |
1.750 |
1.655 |
1.500 |
|
|
|
|
Overnight Deposit Facility (ODF) Rates 5 |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
|
1.500 |
1.500 |
1.500 |
1.500 |
1.595 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BSP Securities 6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BSP Securities 6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28 - Day |
… |
1.844 |
1.770 |
|
… |
… |
… |
… |
… |
… |
… |
… |
1.840 |
1.935 |
1.843 |
1.691 |
|
|
|
|
|
28 - Day |
1.642 |
1.658 |
1.908 |
1.854 |
1.776 |
1.802 |
1.787 |
1.741 |
1.720 |
1.773 |
1.776 |
1.865 |
|
1.721 |
1.751 |
2.003 |
1.934 |
2.252 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Deposit Facility (TDF) Rates 5 |
4.541 |
2.241 |
1.753 |
|
4.203 |
4.001 |
3.828 |
3.074 |
2.261 |
2.251 |
1.769 |
1.780 |
1.840 |
1.866 |
1.971 |
1.722 |
|
|
|
|
Term Deposit Facility (TDF) Rates 5 |
1.662 |
1.637 |
1.799 |
1.823 |
1.750 |
1.797 |
1.777 |
1.736 |
1.736 |
1.762 |
1.763 |
1.870 |
|
1.748 |
1.703 |
1.952 |
1.947 |
2.042 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7 - Day |
4.528 |
2.123 |
1.715 |
|
4.079 |
3.911 |
3.769 |
2.523 |
2.256 |
2.251 |
1.755 |
1.771 |
1.831 |
1.878 |
1.917 |
1.717 |
|
|
|
|
|
7 - Day |
1.642 |
1.624 |
1.746 |
1.763 |
1.725 |
1.737 |
1.710 |
1.727 |
1.715 |
1.737 |
1.739 |
1.752 |
|
1.723 |
1.704 |
1.897 |
1.932 |
2.028 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14 - Day |
4.572 |
2.042 |
1.762 |
|
4.123 |
3.913 |
3.791 |
.. |
.. |
2.251 |
2.251 |
1.812 |
1.848 |
1.912 |
1.947 |
1.715 |
|
|
|
|
|
14 - Day |
1.660 |
1.651 |
1.854 |
1.800 |
1.746 |
1.803 |
1.774 |
1.732 |
1.744 |
1.777 |
1.770 |
1.827 |
|
1.735 |
1.713 |
2.011 |
1.939 |
2.099 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28 - Day |
4.521 |
2.705 |
.. |
|
4.159 |
3.944 |
3.760 |
.. |
.. |
.. |
1.758 |
1.802 |
1.849 |
1.845 |
... |
... |
|
|
|
|
|
28 - Day |
... |
... |
... |
... |
... |
... |
... |
... |
... |
... |
... |
... |
|
... |
... |
... |
… |
… |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interbank Call Loan Rates |
4.665 |
3.537 |
1.626 |
|
3.822 |
3.708 |
3.539 |
3.308 |
2.430 |
2.349 |
1.813 |
1.914 |
1.871 |
1.875 |
1.883 |
1.997 |
|
|
|
|
Interbank Call Loan Rates |
1.688 |
1.312 |
1.571 |
1.560 |
1.906 |
1.750 |
1.761 |
2.000 |
1.688 |
1.682 |
1.830 |
1.955 |
|
.. |
1.997 |
1.890 |
1.875 |
1.875 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
Starting
1 January 2020, universal and commercial banks are required to submit the
amended reporting templates on banks' lending and deposit rates or Interest
Rates on Loans and Deposits (IRLD) in accordance with Circular Nos. 1029 and
1037, series of 2019. In view of the
gradual lifting of the suspension of
submission of bank reports amid the New Economy Arrangement (NEA), banks'
submission of IRLD reports is not yet complete. |
|
|
|
|
1 |
Starting
1 January 2020, universal and commercial banks are required to submit the
amended reporting templates on banks' lending and deposit rates or Interest
Rates on Loans and Deposits (IRLD) in accordance with Circular Nos. 1029 and
1037, series of 2019. In view of the
gradual lifting of the suspension of
submission of bank reports amid the New Economy Arrangement (NEA), banks'
submission of IRLD reports is not yet complete. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 |
Refers to the
interest rate based on reporting universal and commercial banks' (U/KBs')
interest expense and peso-denominated deposits |
|
|
|
|
2 |
Refers to the
interest rate based on reporting universal and commercial banks' (U/KBs')
interest expense and peso-denominated deposits |
|
|
|
|
|
3 |
Refers to the
interest rate based on reporting U/KBs' interest income and outstanding
peso-denominated loans |
|
|
|
|
3 |
Refers to the
interest rate based on reporting U/KBs' interest income and outstanding
peso-denominated loans |
|
|
|
|
|
4 |
Refer to the
average of U/KBs' reported high/low lending rates |
|
|
|
|
4 |
Refer to the
average of U/KBs' reported high/low lending rates |
|
|
|
|
|
5 |
Beginning
3 June 2016, the BSP shifted its monetary operations to an interest rate
corridor (IRC) system. The repurchase (RP) and Special Deposit Account (SDA)
windows were replaced by the standing overnight lending and overnight deposit facilities,
respectively. The reverse repurchase (RRP) facility was modified to a purely
overnight RRP. In addition, the term deposit facility (TDF) serves as the
main tool for absorbing liquidity. The Overnight Lending Facility (OLF) and
Overnight Deposit Facility (ODF) serve as the upper and lower bound,
respectively, of the IRC system. The weighted average interest rates (WAIR)
of BSP rates are based on actual transactions during the period. |
|
|
|
|
5 |
Beginning
3 June 2016, the BSP shifted its monetary operations to an interest rate
corridor (IRC) system. The repurchase (RP) and Special Deposit Account (SDA)
windows were replaced by the standing overnight lending and overnight deposit facilities,
respectively. The reverse repurchase (RRP) facility was modified to a purely
overnight RRP. In addition, the term deposit facility (TDF) serves as the
main tool for absorbing liquidity. The Overnight Lending Facility (OLF) and
Overnight Deposit Facility (ODF) serve as the upper and lower bound,
respectively, of the IRC system. The weighted average interest rates (WAIR)
of BSP rates are based on actual transactions during the period. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 |
Beginning
18 September 2020, the BSP offers BSP Securities as part of its initiative to
shift to more market-based monetary operations.The inclusion of BSP
Securities issuance in the standard monetary operations of the BSP provides
an additional instrument for managing liquidity in the financial system and
support the implementation of monetary policy under the Interest Rate
Corridor (IRC) framework. For its initial offering, the BSP auctions 28-day
BSP Bills with an indicative offer volume of about P20 billion subject to
confirmation two days before the actual auction date. |
|
|
|
|
6 |
Beginning
18 September 2020, the BSP offers BSP Securities as part of its initiative to
shift to more market-based monetary operations.The inclusion of BSP
Securities issuance in the standard monetary operations of the BSP provides
an additional instrument for managing liquidity in the financial system and
support the implementation of monetary policy under the Interest Rate
Corridor (IRC) framework. For its initial offering, the BSP auctions 28-day
BSP Bills with an indicative offer volume of about P20 billion subject to
confirmation two days before the actual auction date. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- Not Available |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- Not Available |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
.. No Transaction/No
Quotation/No Issue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
.. No Transaction/No
Quotation/No Issue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
... Blank |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
... Blank |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sources: Bangko Sentral ng Pilipinas (BSP),
Bureau of the Treasury (BTr) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sources: Bangko Sentral ng Pilipinas (BSP),
Bureau of the Treasury (BTr) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|