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)