Philippines · BSP policy rate decision · NSA
Philippines interest rate (Policy rate: Target RRP rate): 5.50% on Oct 22 2026, up from 5.00% on Aug 27 2026.
Above expectations (~5.25% expected). Reported by bworldonline.com, canadianinquirer.net.
Next release: 17 Dec 2026.
The policy rate is the central bank's main interest rate, which sets the cost of short-term money across the economy. The chart shows each decision.
| Period | First print | Latest | Change |
|---|---|---|---|
| Oct 22 2026 | — | 5.50% | +0.50 |
| Aug 27 2026 | — | 5.00% | +0.25 |
| Jun 18 2026 | — | 4.75% | +0.25 |
| Apr 23 2026 | — | 4.50% | +0.25 |
| Mar 26 2026 | — | 4.25% | 0 |
| Feb 19 2026 | — | 4.25% | −0.25 |
| Dec 11 2025 | — | 4.50% | −0.25 |
| Oct 9 2025 | — | 4.75% | −0.25 |
| Aug 28 2025 | — | 5.00% | −0.25 |
| Jun 19 2025 | — | 5.25% | −0.25 |
| Apr 10 2025 | — | 5.50% | −0.25 |
| Feb 13 2025 | — | 5.75% | 0 |
Source: Bangko Sentral ng Pilipinas (BSP); the data can be freely retrieved from bsp.gov.ph History: Source: Bank for International Settlements, central bank policy rates (data.bis.org)