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| Weekly Key
Interest Rates |
| in percent per annum; for the week ending 5 June 2025 |
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Latest |
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Previous |
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Week |
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Week |
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Money Market Rates (26 - 30 May 2025) |
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Promissory Notes |
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5.8605 |
p |
6.7431 |
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Commercial Papers w/o Recourse |
|
6.2440 |
p |
5.6636 |
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BSP Rates
(As of 5 June 2025) |
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Target Reverse Repurchase (RRP) Rates 1 |
5.5000 |
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5.5000 |
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Overnight Lending Facility (OLF) Rates 1 |
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6.0000 |
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6.0000 |
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Overnight Deposit Facility (ODF) Rates 1 |
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5.0000 |
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5.0000 |
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Overnight RRP Rates 2 |
(2 - 5
June 2025) |
5.4935 |
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5.4958 |
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Term Deposit Auction Facility (TDF) Rates 3 |
(Auction Date: 4 June 2025) |
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7 - Day |
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5.5083 |
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5.5158 |
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14 - Day |
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5.5173 |
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5.5299 |
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28 - Day |
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… |
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… |
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Interbank Call Loan Rates 4 |
(26 -
30 May 2025) |
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5.6250 |
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5.6199 |
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Bank Lending Rates 5,6,p |
(22-28 May 2025) |
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All Maturities (Actual) |
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9.9360 |
p |
10.2967 |
p |
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High (Quoted) |
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12.3763 |
p |
12.0478 |
p |
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Low (Quoted) |
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7.3805 |
p |
7.4673 |
p |
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Peso Deposit Rates
5,7,p |
(22-28 May 2025) |
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Savings Deposits |
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High |
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7.2150 |
p |
7.2250 |
p |
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Low |
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0.0001 |
p,a |
0.0001 |
p,b |
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Time Deposits |
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up to 1
mo. |
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3.6200 |
p |
3.6273 |
p |
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> 1 mo. to 3 mos. |
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4.9255 |
p |
5.1827 |
p |
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> 3 mos. to 6 mos. |
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5.0937 |
p |
4.6134 |
p |
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> 6
mos. to 1 yr. |
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4.1454 |
p |
4.0151 |
p |
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> 1 - 5 yrs. |
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3.9636 |
p |
4.0038 |
p |
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> 5 yrs. |
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5.3977 |
p |
5.2191 |
p |
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Dollar Deposit Rates 5,p |
(22-28 May 2025) |
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Savings Deposits |
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0.5478 |
p |
0.4619 |
p |
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Time Deposits |
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up to 1
mo. |
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2.1917 |
p |
2.0845 |
p |
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> 1 mo. to 3 mos. |
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1.9970 |
p |
1.9621 |
p |
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> 3 mos. to 6 mos. |
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1.7436 |
p |
1.8628 |
p |
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> 6
mos. to 1 yr. |
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1.5712 |
p |
1.4772 |
p |
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> 1 - 5 yrs. |
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1.9670 |
p |
1.6931 |
p |
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> 5 yrs. |
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3.5350 |
p |
3.1950 |
p |
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This complilation is based on the new coverage
of reserve money which involves change in the classification |
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of some accounts from other domestic
liabilities to deposit liabilities and enhanced sectorization of accounts. |
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The technical notes on the revision of
statistics on RM are posted on the BSP Website. |
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| 1 |
Based on
MB-approved interest rates effective 11 April 2024 |
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| 2 |
On 8
September 2023, the BSP transitioned to a variable-rate format with a
predetermined offer volume for the overnight RRP facility auction. Two
significant changes were introduced: 1) the BSP’s monetary policy rate is now
referred to as the “Target RRP Rate,” and 2) a formal operational target,
known as the “Overnight (ON) RRP Rate,” was also established. |
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| 3 |
Previous
auction was on 28 May 2025. |
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| 4 |
Source: BSP-Financial Markets |
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| 5 |
Starting
1 January 2020, universal and commercial banks (UK/Bs) 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. Data are preliminary estimates as of 4 June
2025. Bank submissions on loan/deposit accounts (based on account codes) with
interest rates of 100% and above were excluded from the computation per the
Department of Supervisory Analytics (DSA) and Supervisory Policy and Research
Department's (SPRD) definition of outliers. Data refers to the latest
available bank report for week ending Wednesday. |
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| 6 |
The high and
low bank lending rates refer to the averages of the highest and the lowest
banks' quoted rates, respectively. |
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| 7 |
The high and
low savings deposit rates refer to the highest and the lowest interest rates
of bank deposits, respectively. |
| a |
Actual value is 0.00005% |
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| b |
Actual value is 0.00006% |
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| p |
Preliminary |
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| r |
Revised |
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| - |
Not Available |
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| .. |
No Transaction/No Quotation/No Issue |
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| … |
Blank |
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