South Korea Interest Rate
Last Release
Jul 2019
Actual
1.5 %
Forecast
1.5 %
Previous
1.75 %
Frequency
Daily
Units In
%
Next Release
Aug 30, 2019
Time to Release
7 Days 10 Hours
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Highest | Lowest | Average | Date Range | Source |
5.25 % Sep 2008 | 1.25 % Oct 2017 | 3.15 % | 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 unexpectedly lowered its base rate by 25 basis points to 1.5 percent on July 18th 2019. This was the first adjustment in benchmark rate since November last year and the bank's first rate cut in three years, amid efforts to spur economic growth on the back rising global uncertainties following trade dispute with Japan and tariff war between US and China.
South Korea Interest Rate History
Last 12 readings
Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| 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 | 503,939.2 Jun 2019 | 491,716 May 2019 | 310.3 Jan 1970 | 510,090.1 Jun 2015 | KRW Billion | Monthly | 1970 - 2019 |
| Deposit Interest Rate | 1.97 May 2019 | 1.99 Apr 2019 | 1.37 Aug 2016 | 19.5 Dec 1980 | % | Monthly | 1980 - 2019 |
| Foreign Exchange Reserves | 403,110 Jul 2019 | 403,071.9 Jun 2019 | 564.5 Apr 1972 | 405,513.2 Jan 2019 | USD Million | Monthly | 1971 - 2019 |
| Foreign Stock Investment | 697,567.1 Mar 2019 | 668,173.7 Dec 2018 | 349.48 Dec 1994 | 776,917.6 Mar 2018 | USD Hundreds of Millions | Quarterly | 1994 - 2019 |
| Interbank Rate | 1.44 Aug 2019 | 1.44 Aug 2019 | 1.27 Jul 2016 | 6.14 Oct 2008 | % | Daily | 2004 - 2019 |
| Interest Rate | 1.5 Jul 2019 | 1.75 Jun 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 Jul 2019 | 8.5 Jun 2019 | 2 Oct 2010 | 15 Jan 2018 | % | Daily | 2005 - 2019 |
| Bangladesh | 6 Jul 2019 | 6 Jun 2019 | 4.5 Jul 2010 | 8.75 Oct 2008 | % | Daily | 2008 - 2019 |
| Bhutan | 7.04 Jul 2019 | 7.04 Jun 2019 | 6 Apr 2018 | 7.04 Mar 2019 | % | Daily | 2012 - 2019 |
| Brunei | 5.5 Jul 2019 | 5.5 Jun 2019 | 5.5 Aug 2018 | 5.5 Aug 2018 | % | Daily | 2003 - 2019 |
| Cambodia | 1.46 Jun 2019 | 1.46 Jun 2019 | 1.23 Jan 2011 | 10.7 Aug 1994 | % | Daily | 1994 - 2019 |
| China | 4.25 Aug 2019 | 4.31 Aug 2019 | 4.25 Aug 2019 | 10.98 Aug 1996 | % | Daily | 1996 - 2019 |