Philippines Interest Rate | 1985-2020 Data | 2021-2022 ...
The Philippine central bank unexpectedly lowered its benchmark interest rate by 25 bps to 2.0 percent during its November meeting, defying market expectations of an unchanged rate. The interest rates on the overnight deposit and lending facilities were also reduced to 1.5 percent and 2.5 percent, respectively. Policymakers voiced concerns about the resurgence of COVID-19 cases globally, while ...