Central Bank RatesPhilippines policy rate in 2026 (4 changes)
Start of year4.50%
Latest5.00%Oct 2, 2026
Net change+50 bp3 hikes, 1 cuts
Average4.578%
Rank by level13 / 38
Changes in 2026
| Date | From | To | Change |
|---|---|---|---|
| Feb 20, 2026 | 4.50% | 4.25% | cut -25 bp |
| Apr 24, 2026 | 4.25% | 4.50% | hike +25 bp |
| Jun 19, 2026 | 4.50% | 4.75% | hike +25 bp |
| Aug 28, 2026 | 4.75% | 5.00% | hike +25 bp |
Compared with other areas at the end of 2026
37%
14%
13.75%
12.25%
8%
7.25%
6.5%
6.5%
5.75%
5.75%
5.5%
5.25%
5%
4.5%
4.5%
4.5%
4.35%
4.25%
4.25%
4.25%
3.875%
3.75%
3.75%
3.75%
3.5%
3.25%
3%
3%
2.75%
2.75%
2.5%
2.25%
2.25%
2.1%
1.75%
1.25%
1%
0%
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%
2026: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.