Bank Lending Rate in South Korea increased to 4.31 percent in June from 4.19 percent in May of 2026. Bank Lending Rate in South Korea averaged 6.00 percent from 1996 until 2026, reaching an all time high of 17.01 percent in January of 1998 and a record low of 2.63 percent in August of 2020. source: The Bank of Korea
Bank Lending Rate in South Korea is expected to be 4.56 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Bank Average Lending Rate is projected to trend around 4.06 percent in 2027 and 3.81 percent in 2028, according to our econometric models.