Central Bank RatesPhilippines: central bank policy rate
Last updated:
Policy rate5.00%Oct 2, 2026
For information only. Figures are reproduced from the cited sources, may be delayed or contain errors, and are not advice of any kind. Always check the original source. This is not investment advice. Translations on this site are not official BIS translations.
SinceAug 28, 2026hike +25 bp
1 year ago5.00%
Last 2 years (daily values)
Policy rate since 2000 (month-end values)
All changes since 2000
| Date | From | To | Change |
|---|---|---|---|
| Aug 28, 2026 | 4.75% | 5.00% | hike +25 bp |
| Jun 19, 2026 | 4.50% | 4.75% | hike +25 bp |
| Apr 24, 2026 | 4.25% | 4.50% | hike +25 bp |
| Feb 20, 2026 | 4.50% | 4.25% | cut -25 bp |
| Dec 12, 2025 | 4.75% | 4.50% | cut -25 bp |
| Oct 10, 2025 | 5.00% | 4.75% | cut -25 bp |
| Aug 29, 2025 | 5.25% | 5.00% | cut -25 bp |
| Jun 20, 2025 | 5.50% | 5.25% | cut -25 bp |
| Apr 11, 2025 | 5.75% | 5.50% | cut -25 bp |
| Dec 20, 2024 | 6.00% | 5.75% | cut -25 bp |
| Oct 17, 2024 | 6.25% | 6.00% | cut -25 bp |
| Aug 16, 2024 | 6.50% | 6.25% | cut -25 bp |
| Oct 27, 2023 | 6.25% | 6.50% | hike +25 bp |
| Mar 24, 2023 | 6.00% | 6.25% | hike +25 bp |
| Feb 17, 2023 | 5.50% | 6.00% | hike +50 bp |
| Dec 16, 2022 | 5.00% | 5.50% | hike +50 bp |
| Nov 18, 2022 | 4.25% | 5.00% | hike +75 bp |
| Sep 23, 2022 | 3.75% | 4.25% | hike +50 bp |
| Aug 19, 2022 | 3.25% | 3.75% | hike +50 bp |
| Jul 14, 2022 | 2.50% | 3.25% | hike +75 bp |
| Jun 24, 2022 | 2.25% | 2.50% | hike +25 bp |
| May 20, 2022 | 2.00% | 2.25% | hike +25 bp |
| Nov 20, 2020 | 2.25% | 2.00% | cut -25 bp |
| Jun 26, 2020 | 2.75% | 2.25% | cut -50 bp |
| Apr 17, 2020 | 3.25% | 2.75% | cut -50 bp |
| Mar 20, 2020 | 3.75% | 3.25% | cut -50 bp |
| Feb 7, 2020 | 4.00% | 3.75% | cut -25 bp |
| Sep 27, 2019 | 4.25% | 4.00% | cut -25 bp |
| Aug 9, 2019 | 4.50% | 4.25% | cut -25 bp |
| May 10, 2019 | 4.75% | 4.50% | cut -25 bp |
| Nov 16, 2018 | 4.50% | 4.75% | hike +25 bp |
| Sep 28, 2018 | 4.00% | 4.50% | hike +50 bp |
| Aug 10, 2018 | 3.50% | 4.00% | hike +50 bp |
| Jun 21, 2018 | 3.25% | 3.50% | hike +25 bp |
| May 10, 2018 | 3.00% | 3.25% | hike +25 bp |
| Jun 3, 2016 | 4.00% | 3.00% | cut -100 bp |
| Sep 11, 2014 | 3.75% | 4.00% | hike +25 bp |
| Jul 31, 2014 | 3.50% | 3.75% | hike +25 bp |
| Oct 25, 2012 | 3.75% | 3.50% | cut -25 bp |
| Jul 26, 2012 | 4.00% | 3.75% | cut -25 bp |
| Mar 1, 2012 | 4.25% | 4.00% | cut -25 bp |
| Jan 19, 2012 | 4.50% | 4.25% | cut -25 bp |
| May 5, 2011 | 4.25% | 4.50% | hike +25 bp |
| Mar 24, 2011 | 4.00% | 4.25% | hike +25 bp |
| Jul 9, 2009 | 4.25% | 4.00% | cut -25 bp |
| May 28, 2009 | 4.50% | 4.25% | cut -25 bp |
| Apr 16, 2009 | 4.75% | 4.50% | cut -25 bp |
| Mar 5, 2009 | 5.00% | 4.75% | cut -25 bp |
| Jan 29, 2009 | 5.50% | 5.00% | cut -50 bp |
| Dec 18, 2008 | 6.00% | 5.50% | cut -50 bp |
| Aug 28, 2008 | 5.75% | 6.00% | hike +25 bp |
| Jul 17, 2008 | 5.25% | 5.75% | hike +50 bp |
| Jun 5, 2008 | 5.00% | 5.25% | hike +25 bp |
| Jan 31, 2008 | 5.25% | 5.00% | cut -25 bp |
| Dec 21, 2007 | 5.50% | 5.25% | cut -25 bp |
| Nov 16, 2007 | 5.75% | 5.50% | cut -25 bp |
| Oct 5, 2007 | 6.00% | 5.75% | cut -25 bp |
| Jul 13, 2007 | 7.50% | 6.00% | cut -150 bp |
| Oct 20, 2005 | 7.25% | 7.50% | hike +25 bp |
| Sep 22, 2005 | 7.00% | 7.25% | hike +25 bp |
| Apr 7, 2005 | 6.75% | 7.00% | hike +25 bp |
| Jul 2, 2003 | 7.00% | 6.75% | cut -25 bp |
| Mar 15, 2002 | 7.25% | 7.00% | cut -25 bp |
| Feb 15, 2002 | 7.50% | 7.25% | cut -25 bp |
| Jan 18, 2002 | 7.75% | 7.50% | cut -25 bp |
| Dec 18, 2001 | 8.00% | 7.75% | cut -25 bp |
| Dec 7, 2001 | 8.25% | 8.00% | cut -25 bp |
| Nov 9, 2001 | 8.75% | 8.25% | cut -50 bp |
| Oct 5, 2001 | 9.00% | 8.75% | cut -25 bp |
| May 18, 2001 | 9.50% | 9.00% | cut -50 bp |
| Apr 20, 2001 | 10.00% | 9.50% | cut -50 bp |
| Mar 23, 2001 | 10.50% | 10.00% | cut -50 bp |
| Mar 12, 2001 | 11.00% | 10.50% | cut -50 bp |
| Feb 12, 2001 | 11.50% | 11.00% | cut -50 bp |
| Feb 5, 2001 | 12.00% | 11.50% | cut -50 bp |
| Jan 29, 2001 | 12.50% | 12.00% | cut -50 bp |
| Jan 15, 2001 | 13.00% | 12.50% | cut -50 bp |
| Jan 8, 2001 | 13.50% | 13.00% | cut -50 bp |
| Dec 18, 2000 | 14.00% | 13.50% | cut -50 bp |
| Dec 11, 2000 | 14.50% | 14.00% | cut -50 bp |
| Dec 4, 2000 | 15.00% | 14.50% | cut -50 bp |
| Oct 13, 2000 | 11.00% | 15.00% | hike +400 bp |
| Sep 11, 2000 | 10.00% | 11.00% | hike +100 bp |
| May 19, 2000 | 9.50% | 10.00% | hike +50 bp |
| May 17, 2000 | 9.00% | 9.50% | hike +50 bp |
| May 2, 2000 | 8.75% | 9.00% | hike +25 bp |
Which rate is shown (BIS notes, in English)
From Jan 1986 onwards: Official market intervention representative rate, liquidity providing.
Changes by year
Method
We download the BIS daily policy-rate series (WS_CBPOL). A change is recorded on the first day the published value differs from the previous day's value. Series that ended (for example euro area members before joining the euro) are not listed. bp = basis points (0.01 percentage point).
About this page
The policy rate of Philippines is 5.00% (BIS data as of Oct 2, 2026).