Philippines bank lending rate

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Philippines bank lending rate closed up 7.8 as of October 31, 2023 from 7.66 from the previous day, 7.66 last week and 6.77 last month.

Philippines bank lending rate Analytics & Data





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Philippines bank lending rate Historical Data

DateClose
2023-10-31 7.802
2023-09-30 7.656
2023-08-31 8.034
2023-07-31 7.828
2023-06-30 7.557
2023-05-31 7.66
2023-04-30 7.29
2023-03-31 7.356
2019-12-31 6.542
2019-12-31 6.542
2019-12-31 6.542
2019-12-31 6.542
2019-12-31 6.542
2019-12-31 6.542
2019-12-31 6.542
2019-12-31 6.542
2019-11-30 6.767
2019-11-30 6.767
2019-11-30 6.767
2019-11-30 6.767
2019-11-30 6.767
2019-11-30 6.767
2019-11-30 6.767
2019-11-30 6.767
2019-10-31 7.105
2019-10-31 7.105
2019-10-31 7.105
2019-10-31 7.105
2019-10-31 7.105
2019-10-31 7.105
2019-10-31 7.105
2019-10-31 7.105
2019-09-30 6.991
2019-09-30 6.991
2019-09-30 6.991
2019-09-30 6.991
2019-09-30 6.991
2019-09-30 6.991
2019-09-30 6.991
2019-09-30 6.991
2019-08-31 7.108
2019-08-31 7.108
2019-08-31 7.108
2019-08-31 7.108
2019-08-31 7.108
2019-08-31 7.108
2019-08-31 7.108
2019-08-31 7.108
2019-07-31 7.382
2019-07-31 7.382
2019-07-31 7.382
2019-07-31 7.382
2019-07-31 7.382
2019-07-31 7.382
2019-07-31 7.382
2019-07-31 7.382
2019-06-30 7.212
2019-06-30 7.212
2019-06-30 7.212
2019-06-30 7.212

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Philippines bank lending rate Statistics

SecuritySymbolLastMomentumTrendOscillator1D%1W%1M%1Y%
Philippines bank lending rateph.banks.lendingrate0000

Philippines bank lending rate Factors

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Philippines bank lending rate Historical Data

The MacroVar database offers free access to historical data for the Philippines bank 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 bank lending rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Philippines bank lending rate

The bank lending rate in the Philippines refers to the interest rate at which banks in the country offer loans to their customers. This rate is set by the central bank, the Bangko Sentral ng Pilipinas, and can fluctuate based on various economic factors such as inflation, economic growth, and market conditions. A lower lending rate can stimulate borrowing and investment, while a higher rate can help control inflation and prevent the economy from overheating. Borrowers must consider the lending rate when taking out loans, as it will determine the cost of borrowing and ultimately affect their ability to repay the loan.

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