Philippines BSP Target Reverse Repurchase (RRP) Rate
Philippines BSP Target Reverse Repurchase (RRP) Rate is 4.75 percent, in force since 19 Jun 2026. It was 4.5 percent before that. Last checked against the official source on 11 Sep 2026.
Benchmark policy rate of the Bangko Sentral ng Pilipinas, set at the midpoint of the interest-rate corridor by the Monetary Board (~6 scheduled meetings per year).
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| Current value | 4.75 percent |
|---|---|
| In force from | 2026-06-19 |
| Official source | BSP Monetary Board decision of 18 June 2026 (+25 bps to 4.75%), Monetary Policy Report - June 2026, p.1; BSP daily Target RRP rate series |
| Last verified | 2026-09-11 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
MB meeting no. 3 of 2026 (18 Jun) raised the target RRP 25 bps to 4.75%; BSP's daily Target RRP table shows 4.50% on 18 Jun and 4.75% from 19 Jun 2026 (effective next banking day). Corridor: overnight deposit facility 4.25%, overnight lending facility 5.25%. Second consecutive hike after +25 bps at the 23 Apr 2026 meeting; the MB had cut 25 bps on 19 Feb 2026 (to 4.25%) following a Dec-2025 cut to 4.50%. Tightening responds to headline inflation (6.4% y/y Jun 2026) overshooting the 3.0% +/-1.0 ppt target set for 2026-2028. Confirmed from Monetary Policy Report - June 2026 (published 8 Jul 2026; PDF requires local text extraction) and the daily RRP statistics page, which is the best machine-checkable endpoint.
Earlier values
| From | Value | Source |
|---|---|---|
| 2026-04-24 | 4.5 | — |
| 2026-02-20 | 4.25 | — |
| 2025-12-12 | 4.5 | Bank for International Settlements - Central Bank Policy… |
| 2025-10-10 | 4.75 | Bank for International Settlements - Central Bank Policy… |
| 2025-08-29 | 5 | Bank for International Settlements - Central Bank Policy… |
| 2025-06-20 | 5.25 | Bank for International Settlements - Central Bank Policy… |
| 2025-04-11 | 5.5 | Bank for International Settlements - Central Bank Policy… |
| 2024-12-20 | 5.75 | Bank for International Settlements - Central Bank Policy… |
| 2024-10-17 | 6 | Bank for International Settlements - Central Bank Policy… |
| 2024-08-16 | 6.25 | Bank for International Settlements - Central Bank Policy… |
| 2023-10-27 | 6.5 | Bank for International Settlements - Central Bank Policy… |
| 2023-03-24 | 6.25 | Bank for International Settlements - Central Bank Policy… |
Get it programmatically
curl https://asiaref.dev/v1/ph/policy-rate
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/ph/policy-rate/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/ph/policy-rateOther Philippines series: Value-Added Tax (standard rate) · VAT registration threshold · Minimum Wage (lowest regional non-agriculture daily floor) · Public Holidays 2026 · Consumer Price Inflation (headline, y/y) · Corporate Income Tax (regular rate) · Withholding tax rates · Legal interest rate · Personal Income Tax (graduated schedule) · Statutory social-insurance contributions
The same figure elsewhere: Qatar · Saudi Arabia · Singapore · South Korea · Sri Lanka · all 28