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South Korea Interest Rate

Last Release
Apr 14, 2022
Actual
1.5
Forecast
1.75
Previous
1.25
Frequency
Daily
Units In
%
Next Release
May 26, 2022
Time to Release
5 Days 23 Hours
Highest
Lowest
Average
Date Range
Source
5.25
Oct 2000
0.5
May 2020
2.88 %1999-2022The 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

Bank of Korea raised its base rate by 25 bps to 1.50%, the highest level since August 2019, during its April 2022 meeting in an unexpected move as it seeks to curb surging inflation, which is now double the bank's 2% target. The board forecast that the CPI will stay in the 4% range for some time, and run substantially above the February forecast of 3.1% for this year. Core inflation is forecast to remain around 3% for a considerable time. Meantime, the 2022 GDP growth projection will be below the February forecast of 3%, affected by the Ukraine crisis. The board added it will adjust the degree of policy accommodation as the economy continues its recovery, despite headwinds from home and abroad. Policymaker reiterated they will thoroughly assessing risks stemming from COVID-19, financial imbalances, monetary policy changes in major countries, and geopolitical risks.Thursday's rate decision was taken without a governor as former chief Lee Ju-yeol's term ended in March.

South Korea Interest Rate History

Last 12 readings

A Look at the Markets

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South Korea Money Indicators

All South Korea indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Central Bank Balance Sheet
593,177.2
Mar 2022
584,311.7
Feb 2022
310.3
Jan 1970
595,643.7
Dec 2021
KRW BillionMonthly1970-2022
Deposit Interest Rate
1.74
Nov 2021
1.46
Oct 2021
0.91
Aug 2020
19.5
Dec 1980
%Monthly1980-2021
Foreign Exchange Reserves
449,300
Apr 2022
457,810.3
Mar 2022
564.5
Apr 1972
469,210
Oct 2021
USD MillionMonthly1971-2022
Foreign Stock Investment
992,148.9
Dec 2021
966,191.5
Sep 2021
34,948.2
Dec 1994
1,055,887.8
Jun 2021
USD MillionQuarterly1994-2021
Interbank Rate
1.72
May 2022
1.72
May 2022
0.57
Aug 2020
6.14
Oct 2008
%Daily2004-2022
Interest Rate
1.5
Apr 2022
1.25
Mar 2022
0.5
May 2020
5.25
Oct 2000
%Daily1999-2022
Lending Rate
2.5
May 2022
2.5
May 2022
1.5
May 2020
2.5
Aug 2019
%Daily2019-2022
Loans To Private Sector
11,060,280
Apr 2022
10,938,989
Mar 2022
2,603,700
Dec 2004
11,060,280
Apr 2022
KRW Hundred MillionMonthly2004-2022
Money Supply M0
160,550,100
Mar 2022
159,666,300
Feb 2022
11,200
Mar 1960
161,867,600
Jan 2022
KRW MillionMonthly1960-2022
Money Supply M1
1,374,255
Mar 2022
1,368,003.1
Feb 2022
260.4
Jan 1970
1,374,255
Mar 2022
KRW BillionMonthly1970-2022
Money Supply M2
3,644,068
Mar 2022
3,653,013.9
Feb 2022
590.6
Jan 1970
3,653,013.9
Feb 2022
KRW BillionMonthly1970-2022
Money Supply M3
4,960,391.9
Mar 2022
4,959,341.1
Feb 2022
57,007.9
Jan 1986
4,960,391.9
Mar 2022
KRW BillionMonthly1986-2022
Private Debt to GDP
272.78
Dec 2020
253.24
Dec 2019
227.03
Dec 2008
272.78
Dec 2020
%Yearly2008-2020

Interest Rate across Asia

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Azerbaijan
7.75
Apr 2022
7.75
Mar 2022
2
Dec 2009
15
Sep 2016
% Daily2005-2022
Bangladesh
4.75
Mar 2022
4.75
Feb 2022
4.5
Oct 2009
8.75
Sep 2008
% Daily2008-2022
Bhutan
7.16
Aug 2022
7.16
Jul 2022
6
Jun 2012
7.16
Mar 2022
% Daily2012-2022
Brunei
5.5
Oct 2021
5.5
Sep 2021
5.5
Dec 2003
5.5
Dec 2003
% Daily2003-2021
Cambodia
1.04
Nov 2021
0.89
Oct 2021
0.5
Apr 2021
2.76
Apr 2007
% Daily2006-2021
China
3.7
May 2022
3.7
May 2022
3.7
Jan 2022
5.77
Apr 2014
% Daily2013-2022
Hong Kong
1.25
May 2022
0.75
Apr 2022
0.5
Dec 2008
8
May 2000
% Daily1998-2022
India
4.4
May 2022
4
Apr 2022
4
May 2020
14.5
Aug 2000
% Daily2000-2022
Indonesia
3.5
Apr 2022
3.5
Mar 2022
3.5
Feb 2021
12.75
Dec 2005
% Daily2005-2022
Japan
-0.1
Apr 2022
-0.1
Mar 2022
-0.1
Jan 2016
9
Dec 1973
% Daily1972-2022
Kazakhstan
14
Apr 2022
13.5
Mar 2022
5.5
Aug 2012
300
Mar 1994
% Daily1992-2022
Kyrgyzstan
14
Apr 2022
14
Mar 2022
2.64
Dec 2012
14
Mar 2022
% Daily2011-2022
Laos
3
Mar 2022
3
Feb 2022
3
Mar 2020
35
Dec 1994
% Daily1992-2022
Macao
1.25
May 2022
0.75
Apr 2022
0.5
Dec 2008
8
May 2000
% Daily2000-2022
Malaysia
2
May 2022
1.75
Apr 2022
1.75
Jul 2020
3.5
Apr 2006
% Daily2004-2022
Maldives
7
Mar 2022
7
Feb 2022
4.46
Dec 2010
7
Mar 2012
% Daily2009-2022
Mongolia
9
Mar 2022
6
Feb 2022
6
Nov 2020
15
Aug 2016
% Daily2007-2022
Myanmar
7
Mar 2022
7
Feb 2022
7
Apr 2020
12
Nov 2011
% Daily2011-2022
Nepal
7
Mar 2022
7
Feb 2022
5
Mar 2020
8
Jul 2012
% Daily2003-2022
Pakistan
12.25
Apr 2022
9.75
Mar 2022
5.75
May 2016
19.5
Oct 1996
% Daily1992-2022
Philippines
2.25
May 2022
2
Apr 2022
2
Nov 2020
31
Jan 1985
% Daily1985-2022
Singapore
0.36
Apr 2022
0.61
Mar 2022
-0.75
Oct 1993
20
Jan 1990
% Daily1988-2022
South Korea
1.5
Apr 2022
1.25
Mar 2022
0.5
May 2020
5.25
Oct 2000
% Daily1999-2022
Sri Lanka
13.5
May 2022
13.5
Apr 2022
4.5
Jul 2020
13.5
Apr 2022
% Daily2003-2022
Taiwan
1.38
Mar 2022
1.13
Feb 2022
1.13
Mar 2020
4.63
Dec 2000
% Daily2000-2022
Tajikistan
13.25
May 2022
13.25
Apr 2022
4.8
Jan 2014
18.06
Oct 2003
% Daily2003-2022
Thailand
0.5
Mar 2022
0.5
Feb 2022
0.5
May 2020
5
Jun 2006
% Daily2000-2022
Uzbekistan
17
Apr 2022
17
Apr 2022
9
Jan 2015
300
Mar 1995
% Daily1994-2022
Vietnam
4
Apr 2022
4
Mar 2022
4
Sep 2020
15
Jun 2008
% Daily2000-2022

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