Central Bank RatesPhilippines policy rate in 2008 (5 changes)
Start of year5.25%
End of year5.50%Dec 24, 2008
Net change+25 bp3 hikes, 2 cuts
Average5.463%
Rank by level16 / 38
Changes in 2008
| Date | From | To | Change |
|---|---|---|---|
| Jan 31, 2008 | 5.25% | 5.00% | cut -25 bp |
| Jun 5, 2008 | 5.00% | 5.25% | hike +25 bp |
| Jul 17, 2008 | 5.25% | 5.75% | hike +50 bp |
| Aug 28, 2008 | 5.75% | 6.00% | hike +25 bp |
| Dec 18, 2008 | 6.00% | 5.50% | cut -50 bp |
Compared with other areas at the end of 2008
18%
17.75%
15%
13.75%
13%
11.5%
10.25%
10%
9.5%
9.25%
8.25%
8.25%
7%
6.5%
6.5%
5.5%
5.31%
5%
5%
4.25%
3.75%
3.75%
3.5%
3.25%
3%
3%
2.75%
2.5%
2.5%
2.5%
2.25%
2%
2%
1.5%
0.5%
0.5%
0.125%
0.1%
Year-end rate over time
5%
4.5%
5.75%
6.5%
5.5%
2%
2%
4%
4.75%
3%
3%
4%
4%
3.5%
3.5%
4.5%
4%
4%
5.5%
5.25%
7.5%
7.5%
6.75%
6.75%
7%
7.75%
13.5%
2008: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.