# Philippines BSP Target Reverse Repurchase Rate (policy rate)

Philippines BSP Target Reverse Repurchase Rate (policy rate) was 5.5% in November 2026, unchanged from October 2026.
Over the past ten years it has ranged from 2.0% (Nov 2020) to 6.5% (Oct 2023), averaging 4.1%.

- Source agency: Bangko Sentral ng Pilipinas (BSP)
- Makrognosis code: `PH.IR.M.NSA`
- Frequency: monthly
- Units: % p.a.
- Coverage: 2001-12-01 to 2026-11-01 (295 observations)
- Page: https://makrognosis.robomacro.com/data/philippines/bsp-target-reverse-repurchase-rate-policy-rate

## Recent data

| Period | Value |
|---|---:|
| November 2026 | 5.5% |
| October 2026 | 5.5% |
| September 2026 | 5.0% |
| August 2026 | 5.0% |
| July 2026 | 4.8% |
| June 2026 | 4.8% |
| May 2026 | 4.5% |
| April 2026 | 4.5% |
| March 2026 | 4.2% |
| February 2026 | 4.2% |
| January 2026 | 4.5% |
| July 2025 | 5.2% |
| June 2025 | 5.2% |
| May 2025 | 5.5% |
| April 2025 | 5.5% |
| March 2025 | 5.8% |
| February 2025 | 5.8% |
| January 2025 | 5.8% |
| December 2024 | 5.8% |
| November 2024 | 6.0% |
| October 2024 | 6.0% |
| September 2024 | 6.2% |
| August 2024 | 6.2% |
| July 2024 | 6.5% |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/PH.IR.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/PH.IR.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```