Selected Domestic Interest Rates

Treasury bill (T‐bill) Rate ‐ the rate on short‐term debt instruments issued by the NG for the purpose of generating funds needed to finance outstanding obligations. T‐bills
come in maturities of 91, 182 and 364 days. Auction is usually held on Mondays at the
Bureau of the Treasury.

Time Deposit Rate ‐ the weighted average interest rate charged on interest‐bearing
deposits with Savings Deposit Rate ‐ the rate charged on all interest‐bearing deposits of banks, which can be withdrawn anytime. It is derived as the ratio of interest expense on peso deposits of sample banks to the total outstanding level of these deposits

Bank Average Lending Rate ‐ the weighted average interest rate charged by commercial banks on loans granted during a given period of time. Monthly data are computed as the ratio of actual interest income of sample banks on their peso‐denominated loans to the total outstanding level of these loans.

Interbank Call Loan Rate ‐ the rate on loans among banks for periods not exceeding 24
hours primarily for the purpose of covering reserve deficiencies

in percent per annum
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Treasury Bill Rates..........
  • 91-Day Treasury Bill Rate
    		• --------5.7355.821
  • 182-Day Bill Rate
    		• --------5.8935.943
  • 364-Day Treasury Bill Rate
    		• --------6.0366.026
  • All Maturities
    		• --------5.8935.932
    Time Deposit Rate1..........
  • 30 - 45 Days
    		• ----------
  • 46 - 60 Days
    		•  - 3.7164.0934.0363.9563.9914.0194.1284.2724.028
  • 61 - 90 Days
    		•  - 5.4795.5965.3385.4425.4445.4915.5015.3605.259
  • 91 - 180 Days
    		•  - 4.2364.8635.1845.3185.3715.3915.3045.3465.364
  • 181 Days - 1 Year
    		•  - 3.9143.8394.4724.5174.3624.5621.5574.4774.253
  • >1 Year - 2 Years
    		•  - 4.5024.6464.8744.8704.8774.7084.7434.7904.659
  • >2 Years
    		•  - 5.2345.0204.5045.2545.3545.3885.6155.5665.508
  • Short Term (1 Yr & Below)
    		•  - 4.4594.7374.5144.5124.5684.5564.4764.5574.449
  • Long Term (Above 1 Yr)
    		•  - 4.6704.7024.7834.9484.9524.8244.9424.8764.914
  • 2 Years & Below
    		•  - - - - - - - - - -
  • All Maturities
    		•  - 4.4594.7374.5144.5134.5684.5564.4774.5574.450
    Savings Deposit Rate1,2 - 1.8011.8991.9471.8962.0081.9951.7571.9891.673
    Bank Average Lending Rate1,3 - 8.0367.4737.6467.9908.2348.1687.8398.1327.905
    Lending Rate1,4..........
  • High
    		•  - 12.45312.33712.46612.38712.58312.43012.62212.62912.562
  • Low
    		•  - 7.3777.4947.4967.5327.6427.7067.7097.7497.751
    Manila Reference Rate5..........
  • 60-Day
    		• ----------
  • 90-Day
    		• ----------
  • 180-Day
    		• ----------
  • All Maturities
    		• ----------
    Repurchase Rate (RP) Rate6..........
  • Overnight (ON RRP)
    		• ----------
  • Term
    		• ----------
    Term Reverse Repurchase (RRP) Rate6..........
  • Overnight (ON RRP)
    		• 5.7335.9125.9896.1286.2586.3786.4926.5006.4986.495
  • Term
    		• ----------
    Target RRP Rate6 (as of end of period)5.7505.7506.0006.0006.2506.2506.5006.5006.5006.500
    Overnight Lending Facility (OLF) Rate66.2506.5006.5006.6196.7506.750 .. 7.0007.0007.000
    Overnight Deposit Facility (ODF) Rate65.2505.3825.5005.6245.7505.8656.0006.0006.0006.000
    Term Deposit Facility (TDF) Rate6..........
  • 7-Day
    		• 5.8136.0096.0686.1966.2976.3896.5126.5296.5336.540
  • 14-Day
    		• 5.8726.0466.1006.2556.3786.4476.5536.5736.5746.580
  • 28-Day
    		•  - - - - - - - - - -
  • All Maturities
    		• 5.8616.0426.0946.2806.3466.4826.5426.5606.5616.568
    BSP Securities Rate7..........
  • 28-Day
    		• 5.8496.0746.3016.3386.4686.4786.6026.6756.6766.693
  • 56-Day
    		• 5.8666.1406.3216.3536.5346.5266.5976.6656.6736.690
  • All Maturities BSP Securities Rate7
    		• 6.0826.2836.3756.4686.5186.5926.6546.6746.6846.712
    Interbank Call Loan (IBCL) Rate5.8886.0556.1706.2436.3546.5006.5186.5266.5186.515
    Special Deposit Account (SDA) Rate----------
    Phibor Rate8----------
    Showing 1-10 of 601 Results.
    REMARKS

    1/ 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 9 September 2024 given the ongoing refinements of the IRLD reporting system. Bank submissions with interest rates of 100% and above were excluded per account code from the computation per the Department of Supervisory Analytics (DSA) and Supervisory Policy and Research Department's (SPRD) definition of outliers.

    SOURCE
    Bangko Sentral ng Pilipinas (BSP)
    DATE MODIFIED
    February 12, 2025