South Korea Interest Rate

Last Release
Oct 2019
Actual
1.25 %
Forecast
1.25 %
Previous
1.5 %
Frequency
Daily
Units In
%
Next Release
Nov 29, 2019
Time to Release
1 Months 9 Days 16 Hours
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Highest
Lowest
Average
Date Range
Source
5.25 %}
Sep 2008
1.25 %
Oct 2017
3.13 %1999 - 2019The Bank of Korea
In South Korea the interest rates decisions are taken by the Bank of Korea’s (BOK) Monetary Policy Committee. The official interest rate is the Bank of Korea Base Rate which was changed from overnight call rate on March 2008.

Latest Updates

The Bank of Korea lowered its policy rate by 25 basis points to its lowest level in two years of 1.25 percent in a 5-2 vote. This was the second rate cut in three months, amid mounting deflationary pressures and a slowdown in the economy, with consumption growth weakening and sluggishness in exports and facilities investment persisting. The bank added that growth this year is expected to fall below the 2.2 percent projection made in July, amid the prolonged US-China trade dispute and the heightened geopolitical risks. Policymakers left the door open for further easing although a split vote on the latest move suggested the next reduction may not be imminent.

South Korea Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Oct 16, 201909:52South Korea Cuts Key Rate by 25 Bps to 1.25%
Aug 30, 201909:58Bank of Korea Leaves Monetary Policy Unchanged
Jul 18, 201905:19South Korea Unexpectedly Cuts Key Rate by 25 Bps to 1.5%
May 31, 201903:59South Korea Keeps Rate Unchanged at 1.75%
Apr 18, 201909:22South Korea Holds Rates, Lowers Outlook Forecasts

A Look at the Markets

Educational Pieces on Marco Indicators

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South Korea money Indicators

All South Korea indicators
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Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Central Bank Balance Sheet
495,882.7
Jul 2019
503,939.2
Jun 2019
310.3
Jan 1970
510,090.1
Jun 2015
KRW BillionMonthly1970 - 2019
Deposit Interest Rate
1.81
Jul 2019
1.9
Jun 2019
1.37
Aug 2016
19.5
Dec 1980
%Monthly1980 - 2019
Foreign Exchange Reserves
403,320
Sep 2019
401,483.5
Aug 2019
564.5
Apr 1972
405,513.2
Jan 2019
USD MillionMonthly1971 - 2019
Foreign Stock Investment
708,835.9
Jun 2019
697,567.1
Mar 2019
349.48
Dec 1994
776,917.6
Mar 2018
USD Hundreds of MillionsQuarterly1994 - 2019
Interbank Rate
1.43
Oct 2019
1.43
Oct 2019
1.27
Jul 2016
6.14
Oct 2008
%Daily2004 - 2019
Interest Rate
1.25
Oct 2019
1.5
Sep 2019
1.25
Oct 2017
5.25
Sep 2008
%Daily1999 - 2019

Interest Rate across Asia

Interest Rate global view
Scroll for more details
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Azerbaijan
8.25
Sep 2019
8
Sep 2019
2
Oct 2010
15
Jan 2018
%Daily2005 - 2019
Bangladesh
6
Oct 2019
6
Sep 2019
4.5
Jul 2010
8.75
Oct 2008
%Daily2008 - 2019
Bhutan
7.04
Sep 2019
7.04
Aug 2019
6
Apr 2018
7.04
Mar 2019
%Daily2012 - 2019
Brunei
5.5
Sep 2019
5.5
Aug 2019
5.5
Aug 2018
5.5
Aug 2018
%Daily2003 - 2019
Cambodia
1.46
Jul 2019
1.46
Jul 2019
1.23
Jan 2011
10.7
Aug 1994
%Daily1994 - 2019
China
4.2
Oct 2019
4.2
Oct 2019
4.2
Sep 2019
10.98
Aug 1996
%Daily1996 - 2019
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