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 - 2019 | The 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
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Oct 16, 2019 | 09:52 | South Korea Cuts Key Rate by 25 Bps to 1.25% |
| Aug 30, 2019 | 09:58 | Bank of Korea Leaves Monetary Policy Unchanged |
| Jul 18, 2019 | 05:19 | South Korea Unexpectedly Cuts Key Rate by 25 Bps to 1.5% |
| May 31, 2019 | 03:59 | South Korea Keeps Rate Unchanged at 1.75% |
| Apr 18, 2019 | 09:22 | South Korea Holds Rates, Lowers Outlook Forecasts |
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South Korea money Indicators
All South Korea indicatorsScroll for more details
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 Billion | Monthly | 1970 - 2019 |
| Deposit Interest Rate | 1.81 Jul 2019 | 1.9 Jun 2019 | 1.37 Aug 2016 | 19.5 Dec 1980 | % | Monthly | 1980 - 2019 |
| Foreign Exchange Reserves | 403,320 Sep 2019 | 401,483.5 Aug 2019 | 564.5 Apr 1972 | 405,513.2 Jan 2019 | USD Million | Monthly | 1971 - 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 Millions | Quarterly | 1994 - 2019 |
| Interbank Rate | 1.43 Oct 2019 | 1.43 Oct 2019 | 1.27 Jul 2016 | 6.14 Oct 2008 | % | Daily | 2004 - 2019 |
| Interest Rate | 1.25 Oct 2019 | 1.5 Sep 2019 | 1.25 Oct 2017 | 5.25 Sep 2008 | % | Daily | 1999 - 2019 |
Interest Rate across Asia
Interest Rate global viewScroll 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 | % | Daily | 2005 - 2019 |
| Bangladesh | 6 Oct 2019 | 6 Sep 2019 | 4.5 Jul 2010 | 8.75 Oct 2008 | % | Daily | 2008 - 2019 |
| Bhutan | 7.04 Sep 2019 | 7.04 Aug 2019 | 6 Apr 2018 | 7.04 Mar 2019 | % | Daily | 2012 - 2019 |
| Brunei | 5.5 Sep 2019 | 5.5 Aug 2019 | 5.5 Aug 2018 | 5.5 Aug 2018 | % | Daily | 2003 - 2019 |
| Cambodia | 1.46 Jul 2019 | 1.46 Jul 2019 | 1.23 Jan 2011 | 10.7 Aug 1994 | % | Daily | 1994 - 2019 |
| China | 4.2 Oct 2019 | 4.2 Oct 2019 | 4.2 Sep 2019 | 10.98 Aug 1996 | % | Daily | 1996 - 2019 |