Philippines lending rate

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Philippines lending rate: 6.25 (-3.85%)
Last Update: December 19, 2024

Philippines lending rate closed down 6.25 as of December 19, 2024 from 6.5 from the previous month and 7 from last year.


Philippines lending rate Analytics & Data




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Philippines lending rate closing prices of the last 24 values are displayed below. Sign up free to download the full historical data series using MacroVar Web/Excel or API.

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Philippines lending rate

Date Values
2024-12-19 6.25
2024-11-30 6.5
2024-10-31 6.5
2024-09-30 6.75
2024-08-31 6.75
2024-07-31 7
2024-06-30 7
2024-05-31 7
2024-04-30 7
2024-03-31 7
2024-02-29 7
2024-01-31 7
2023-12-31 7
2023-11-30 7
2023-10-31 7
2023-10-26 6.75
2023-09-30 6.75
2023-08-31 6.75
2023-07-31 6.75
2023-06-30 6.75
2023-05-31 6.25
2023-04-30 6.25
2023-03-31 6.75
2023-02-28 6

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Philippines lending rate Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
lending rate ph.lendingrate 6.5 6.75 -4 -7 Down Down 37 2024-10-31

Philippines lending rate Quantitative Analysis, Charts & Factors

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Philippines lending rate Historical Data

The MacroVar database offers free access to historical data for the Philippines lending rate, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Philippines lending rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Philippines lending rate

The lending rate in the Philippines refers to the interest rate that financial institutions charge individuals or businesses for borrowing money. This rate is determined by various factors, including the country's economic conditions, inflation rate, and central bank policies. A higher lending rate typically indicates that borrowing money will be more expensive, while a lower rate suggests that borrowing will be more affordable. The lending rate plays a crucial role in the country's overall economic health, as it can impact consumer spending, investment decisions, and overall economic growth. It is closely monitored by financial institutions, policymakers, and individuals looking to borrow money.

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