Central Bank RatesPhilippines policy rate in 2024 (3 changes)
Start of year6.50%
End of year5.75%Dec 27, 2024
Net change-75 bp0 hikes, 3 cuts
Average6.353%
Rank by level14 / 38
Changes in 2024
| Date | From | To | Change |
|---|---|---|---|
| Aug 16, 2024 | 6.50% | 6.25% | cut -25 bp |
| Oct 17, 2024 | 6.25% | 6.00% | cut -25 bp |
| Dec 20, 2024 | 6.00% | 5.75% | cut -25 bp |
Compared with other areas at the end of 2024
47.5%
21%
12.25%
10%
9.5%
8.5%
7.75%
6.5%
6.5%
6.5%
6%
5.75%
5.75%
5.75%
5.55%
5%
5%
5%
4.75%
4.75%
4.5%
4.5%
4.375%
4.35%
4.25%
4%
4%
3.25%
3.1%
3%
3%
3%
2.75%
2.6%
2.5%
2.25%
0.5%
0.25%
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%
2024: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.