Philippines interest rate: Bangko Sentral ng Pilipinas policy rate
The Bangko Sentral ng Pilipinas policy rate is 5.50%, in force since Oct 23, 2026. Source: Bank for International Settlements, data to Oct 23, 2026. Raised from 5.00% on Oct 23, 2026.
Rate changes
| Since | Policy rate | Change (percentage points) |
|---|---|---|
| Oct 23, 2026 | 5.50% | +0.50 |
| Aug 28, 2026 | 5.00% | +0.25 |
| Jun 19, 2026 | 4.75% | +0.25 |
| Apr 24, 2026 | 4.50% | +0.25 |
| Feb 20, 2026 | 4.25% | -0.25 |
| Dec 12, 2025 | 4.50% | -0.25 |
| Oct 10, 2025 | 4.75% | -0.25 |
| Aug 29, 2025 | 5.00% | -0.25 |
| Jun 20, 2025 | 5.25% | -0.25 |
| Apr 11, 2025 | 5.50% | -0.25 |
| Dec 20, 2024 | 5.75% | -0.25 |
| Oct 17, 2024 | 6.00% | -0.25 |
| Aug 16, 2024 | 6.25% | -0.25 |
| Oct 27, 2023 | 6.50% | +0.25 |
| Mar 24, 2023 | 6.25% | +0.25 |
| Feb 17, 2023 | 6.00% | +0.50 |
| Dec 16, 2022 | 5.50% | +0.50 |
| Nov 18, 2022 | 5.00% | +0.75 |
| Sep 23, 2022 | 4.25% | +0.50 |
| Aug 19, 2022 | 3.75% | +0.50 |
| Jul 14, 2022 | 3.25% | +0.75 |
| Jun 24, 2022 | 2.50% | +0.25 |
| May 20, 2022 | 2.25% | +0.25 |
| Nov 20, 2020 | 2.00% | -0.25 |
| Jun 26, 2020 | 2.25% | -0.50 |
| Apr 17, 2020 | 2.75% | -0.50 |
| Mar 20, 2020 | 3.25% | -0.50 |
| Feb 7, 2020 | 3.75% | -0.25 |
| Sep 27, 2019 | 4.00% | -0.25 |
| Aug 9, 2019 | 4.25% | -0.25 |
| May 10, 2019 | 4.50% | -0.25 |
| Nov 16, 2018 | 4.75% | +0.25 |
| Sep 28, 2018 | 4.50% | +0.50 |
| Aug 10, 2018 | 4.00% | +0.50 |
| Jun 21, 2018 | 3.50% | +0.25 |
| May 10, 2018 | 3.25% | +0.25 |
| Jun 3, 2016 | 3.00% | -1.00 |
| Jan 4, 2016 | 4.00% | — |
Source: Bank for International Settlements (BIS), central bank policy rates, updated daily. The rate shown is the one each central bank uses to signal its policy.
Frequently asked questions
What is the interest rate in Philippines?
The Bangko Sentral ng Pilipinas policy rate is 5.50% (since Oct 23, 2026).
When did the Bangko Sentral ng Pilipinas last change its policy rate?
On Oct 23, 2026, from 5.00% to 5.50%.
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