Weekly Key Interest Rates

in percent per annum; for the week ending 15 May 2026

Latest

Previous

Week

Week

Money Market Rates   (4 - 8 May 2026)

Promissory Notes

4.7641

p

6.0897

p

Commercial Papers w/o Recourse

..

7.9607

BSP Rates   (As of 15 May 2026)

Target Reverse Repurchase (RRP) Rates 1

4.5000

4.5000

Overnight Lending Facility (OLF) Rates 1

5.0000

5.0000

Overnight Deposit Facility (ODF) Rates 1

4.0000

4.0000

Overnight RRP Rates 2

(11 - 15 May 2026)

4.4969

4.5031

Term Deposit Auction Facility (TDF) Rates 3

(Auction Date: 13 May 2026)

7 - Day

4.4382

4.4308

14 - Day

…

…

28 - Day

…

…

Interbank Call Loan Rates 4

(11 - 15 May 2026)

4.5313

4.5313

Bank Lending Rates 5,6

(23 - 29 April 2026)

All Maturities (Actual)

9.1347

p

9.7878

p

High (Quoted)

10.8093

p

10.7023

p

Low (Quoted)

6.3444

p

6.2910

p

Peso Deposit Rates 5,7

(23 - 29 April 2026)

Savings Deposits

High

6.1000

p

6.0000

p

Low

0.0000

p,a

0.0000

p,a

Time Deposits

up to 1  mo.

2.8040

p

2.9202

p

> 1 mo. to 3 mos.

4.2597

p

4.2975

p

> 3 mos. to 6 mos.

4.4804

p

4.4376

p

> 6  mos. to 1 yr.

3.8569

p

3.6390

p

> 1 - 5 yrs.

3.9648

p

4.1612

p

> 5 yrs.

4.6321

p

4.1845

p

Dollar Deposit Rates 5

(23 - 29 April 2026)

Savings Deposits

0.4883

p

0.4980

p

Time Deposits

up to 1  mo.

1.4159

p

1.4000

p

> 1 mo. to 3 mos.

1.3630

p

1.3733

p

> 3 mos. to 6 mos.

1.3298

p

1.3386

p

> 6  mos. to 1 yr.

1.3745

p

1.2983

p

> 1 - 5 yrs.

1.7789

p

1.8284

p

> 5 yrs.

1.4849

p

1.5992

p

This complilation is based on the new coverage of reserve money which involves change in the classification

of some accounts from other domestic liabilities to deposit liabilities and enhanced sectorization of accounts.

The technical notes on the revision of statistics on RM are posted on the BSP Website.

1

Based on MB-approved interest rates effective 24 April 2026

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.

3

Previous auction was on 6 May 2026.

4

Source: BSP-Financial Markets

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 12 May 2026. 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.

6

The high and low bank lending rates refer to the averages of the highest and the lowest banks' quoted rates, respectively.

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 0.00001%

b

Actual value is 0.00001%

p

preliminary

r

revised

-

not available

..

no transaction/no quote/no issue

…

blank