Bangko Sentral ng Pilipinas · Target reverse repurchase rate
Philippines · PHP · Policy rate
The Bangko Sentral ng Pilipinas’s Target reverse repurchase rate is 5.50 %, last changed on 23 Oct 2026 when it was raised by 50 bp from 5.00 %.
5.50 %
- Last change
- raised +50 bp·
- Previous rate
- 5.00 %
- Next decision
- —
- Latest observation
- Source
- BIS
5.50 % ·
2 Nov 20210.00 – 6.50 %2 Nov 2026
Recent decisions
| Date | Rate | Change |
|---|---|---|
| 5.50 % | +50 bp | |
| 5.00 % | +25 bp | |
| 4.75 % | +25 bp | |
| 4.50 % | +25 bp | |
| 4.25 % | −25 bp | |
| 4.50 % | −25 bp | |
| 4.75 % | −25 bp | |
| 5.00 % | −25 bp | |
| 5.25 % | −25 bp |
Changes are dated by when they took effect; holds by the announcement day. We do not track this bank’s meeting calendar, so only changes are listed.
At a glance
- Economy
- Philippines
- Currency
- PHP
- Type
- Policy rate
- Set by
- Bangko Sentral ng Pilipinas
- History since
- 1986
- Changes in the last 12 months
- 6
Questions and answers
- What is the current Bangko Sentral ng Pilipinas interest rate?
- The Bangko Sentral ng Pilipinas’s Target reverse repurchase rate is 5.50 %, last changed on 23 Oct 2026 when it was raised by 50 bp from 5.00 %.
- When did the Bangko Sentral ng Pilipinas last change its rate?
- On 23 Oct 2026, when the Target reverse repurchase rate was raised by 50 bp to 5.50 % from 5.00 %.
- When is the next Bangko Sentral ng Pilipinas rate decision?
- The bank does not publish a decision calendar that we track.
Decisions by year since 2018
2026net +100 bp
| Date | Rate | Change |
|---|---|---|
| 5.50 % | +50 bp | |
| 5.00 % | +25 bp | |
| 4.75 % | +25 bp | |
| 4.50 % | +25 bp | |
| 4.25 % | −25 bp |
2025net −125 bp
| Date | Rate | Change |
|---|---|---|
| 4.50 % | −25 bp | |
| 4.75 % | −25 bp | |
| 5.00 % | −25 bp | |
| 5.25 % | −25 bp | |
| 5.50 % | −25 bp |
2024net −75 bp
| Date | Rate | Change |
|---|---|---|
| 5.75 % | −25 bp | |
| 6.00 % | −25 bp | |
| 6.25 % | −25 bp |
2023net +100 bp
| Date | Rate | Change |
|---|---|---|
| 6.50 % | +25 bp | |
| 6.25 % | +25 bp | |
| 6.00 % | +50 bp |
2022net +350 bp
| Date | Rate | Change |
|---|---|---|
| 5.50 % | +50 bp | |
| 5.00 % | +75 bp | |
| 4.25 % | +50 bp | |
| 3.75 % | +50 bp | |
| 3.25 % | +75 bp | |
| 2.50 % | +25 bp | |
| 2.25 % | +25 bp |
2020net −200 bp
| Date | Rate | Change |
|---|---|---|
| 2.00 % | −25 bp | |
| 2.25 % | −50 bp | |
| 2.75 % | −50 bp | |
| 3.25 % | −50 bp | |
| 3.75 % | −25 bp |
2019net −75 bp
| Date | Rate | Change |
|---|---|---|
| 4.00 % | −25 bp | |
| 4.25 % | −25 bp | |
| 4.50 % | −25 bp |
2018net +175 bp
| Date | Rate | Change |
|---|---|---|
| 4.75 % | +25 bp | |
| 4.50 % | +50 bp | |
| 4.00 % | +50 bp | |
| 3.50 % | +25 bp | |
| 3.25 % | +25 bp |
Dates before 2021 are month precision (monthly BIS data).
Other rates in Asia
Source: BIS central bank policy rates. Latest observation 23 Oct 2026. Refreshed every 30 minutes.