Key data points
Last release
—
Observation period
Apr 2024
Next release
—
Forecast
—
Highest
6.00% on Apr 30, 2024
Lowest
1.50% on Apr 30, 2022
About Philippines Deposit Interest Rate
In Philippines, the standing overnight deposit facility will absorb any residual system liquidity to prevent market interest rates from falling below the corridor. Interest rate for the O/N deposit facility is the RRP rate minus 50 bps (0.50 percentage point). The interest rate for the O/N deposit facility serves as a floor for the O/N interbank rate.