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South Korea Interest Rate

Last Release
Feb 2021
Actual
0.5 %
Forecast
N/A
Previous
0.5 %
Frequency
Daily
Units In
%
Next Release
Apr 15, 2021
Time to Release
1 Months 17 Days 16 Hours
Highest
Lowest
Average
Date Range
Source
5.25 %
Sep 2008
0.5 %
May 2020
2.98 %1999 - 2021The 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 kept its base rate unchanged at 1.25 percent on January 17th 2020, as widely expected, amid easing global trade tensions and signs of domestic economic recovery following efforts from the government to step up fiscal spending. Policymakers said they will maintain accommodative monetary policy stance ahead as pressures on the demand side will remain low and the economy will grow moderately. In this process, they will judge whether to adjust monetary policy accommodation, while carefully monitoring developments in global trade disputes, the overseas countries and geopolitical risks.

South Korea Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Jan 17, 202004:55South Korea Holds Key Rate Unchanged at 1.25%
Nov 29, 201905:59South Korea Holds Base Rate at 1.25%
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

all education articles

South Korea money Indicators

All South Korea indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Central Bank Balance Sheet
538,730.4
Dec 2020
543,579.6
Nov 2020
310.3
Jan 1970
566,929.8
Jun 2020
KRW BillionMonthly1970 - 2020
Deposit Interest Rate
1.69
Dec 2019
1.72
Nov 2019
1.37
Aug 2016
19.5
Dec 1980
%Monthly1980 - 2019
Foreign Exchange Reserves
442,730
Jan 2021
443,100
Dec 2020
564.5
Apr 1972
443,100
Dec 2020
USD MillionMonthly1971 - 2021
Foreign Stock Investment
976,286.6
Dec 2020
774,919.8
Sep 2020
349.48
Dec 1994
976,286.6
Dec 2020
USD MillionQuarterly1994 - 2020
Interbank Rate
0.73
Feb 2021
0.73
Feb 2021
0.57
Aug 2020
6.14
Oct 2008
%Daily2004 - 2021
Interest Rate
0.5
Feb 2021
0.5
Jan 2021
0.5
May 2020
5.25
Sep 2008
%Daily1999 - 2021

Interest Rate across Asia

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Azerbaijan
6.25
Jan 2021
6.25
Dec 2020
2
Oct 2010
15
Jan 2018
%Daily2005 - 2021
Bangladesh
4.75
Dec 2020
4.75
Nov 2020
4.5
Jul 2010
8.75
Oct 2008
%Daily2008 - 2020
Bhutan
6.86
Dec 2020
6.86
Nov 2020
6
Apr 2018
7.04
Mar 2019
%Daily2012 - 2020
Brunei
5.5
Dec 2020
5.5
Nov 2020
5.5
Aug 2018
5.5
Aug 2018
%Daily2003 - 2020
Cambodia
1.5
Dec 2020
1.5
Nov 2020
1.23
Jan 2011
10.7
Aug 1994
%Daily1994 - 2020
China
3.85
Feb 2021
3.85
Feb 2021
3.85
Apr 2020
10.98
Aug 1996
%Daily1996 - 2021

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