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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 - 2021 | 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 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
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Jan 17, 2020 | 04:55 | South Korea Holds Key Rate Unchanged at 1.25% |
| Nov 29, 2019 | 05:59 | South Korea Holds Base Rate at 1.25% |
| 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 indicatorsIndicator | 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 Billion | Monthly | 1970 - 2020 |
| Deposit Interest Rate | 1.69 Dec 2019 | 1.72 Nov 2019 | 1.37 Aug 2016 | 19.5 Dec 1980 | % | Monthly | 1980 - 2019 |
| Foreign Exchange Reserves | 442,730 Jan 2021 | 443,100 Dec 2020 | 564.5 Apr 1972 | 443,100 Dec 2020 | USD Million | Monthly | 1971 - 2021 |
| Foreign Stock Investment | 976,286.6 Dec 2020 | 774,919.8 Sep 2020 | 349.48 Dec 1994 | 976,286.6 Dec 2020 | USD Million | Quarterly | 1994 - 2020 |
| Interbank Rate | 0.73 Feb 2021 | 0.73 Feb 2021 | 0.57 Aug 2020 | 6.14 Oct 2008 | % | Daily | 2004 - 2021 |
| Interest Rate | 0.5 Feb 2021 | 0.5 Jan 2021 | 0.5 May 2020 | 5.25 Sep 2008 | % | Daily | 1999 - 2021 |
Interest Rate across Asia
Interest Rate global viewCountry | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Azerbaijan | 6.25 Jan 2021 | 6.25 Dec 2020 | 2 Oct 2010 | 15 Jan 2018 | % | Daily | 2005 - 2021 |
| Bangladesh | 4.75 Dec 2020 | 4.75 Nov 2020 | 4.5 Jul 2010 | 8.75 Oct 2008 | % | Daily | 2008 - 2020 |
| Bhutan | 6.86 Dec 2020 | 6.86 Nov 2020 | 6 Apr 2018 | 7.04 Mar 2019 | % | Daily | 2012 - 2020 |
| Brunei | 5.5 Dec 2020 | 5.5 Nov 2020 | 5.5 Aug 2018 | 5.5 Aug 2018 | % | Daily | 2003 - 2020 |
| Cambodia | 1.5 Dec 2020 | 1.5 Nov 2020 | 1.23 Jan 2011 | 10.7 Aug 1994 | % | Daily | 1994 - 2020 |
| China | 3.85 Feb 2021 | 3.85 Feb 2021 | 3.85 Apr 2020 | 10.98 Aug 1996 | % | Daily | 1996 - 2021 |
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