Deposit Interest Rate in South Korea

Deposit Interest Rate in South Korea decreased to 2.07 percent in February from 2.15 percent in January of 2019. Deposit Interest Rate in South Korea averaged 5.21 percent from 1980 until 2019, reaching an all time high of 19.50 percent in December of 1980 and a record low of 1.37 percent in August of 2016.

Deposit Interest Rate in South Korea is expected to be 1.92 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in South Korea to stand at 2.20 in 12 months time. In the long-term, the Deposit Interest Rate in South Korea is projected to trend around 2.17 percent in 2020, according to our econometric models.

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South Korea Money	Last	Previous	Highest	Lowest	Unit
Interest Rate	1.75	1.75	5.25	1.25	percent	[+]
Money Supply M0	106446800.00	106363000.00	107603500.00	11200.00	KRW Million	[+]
Money Supply M1	866253.20	856014.00	866253.20	260.40	KRW Billion	[+]
Interbank Rate	1.80	1.81	6.14	1.27	percent	[+]
Money Supply M2	2757251.00	2737568.20	2757251.00	590.60	KRW Billion	[+]
Money Supply M3	3918276.30	3857564.80	3918276.30	57007.90	KRW Billion	[+]
Foreign Exchange Reserves	404030.00	405250.00	405510.00	564.50	USD Million	[+]
Loans to Private Sector	8372062.00	8360706.00	8372062.00	2603700.00	KRW Hundred Million	[+]
Deposit Interest Rate	2.07	2.15	19.50	1.37	percent	[+]
Private Debt To GDP	253.30	254.90	254.90	237.30	percent	[+]
Central Bank Balance Sheet	501158.80	493815.20	510090.10	310.30	KRW Billion	[+]
Foreign Stock Investment	668173.70	742733.30	742733.30	349.48	USD Hundreds of Millions	[+]

The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in South Korea. Deposit Interest Rate in South Korea - actual data, historical chart and calendar of releases - was last updated on May of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	2.07	2.15	19.50	1.37	1980 - 2019	percent	Monthly

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Country	Last		Previous	Range
Argentina	51.63	May/19	51.63	85.38 : 0	%
Turkey	22.50	Apr/19	22.5	398 : 1.5	%
South Africa	7.12	Feb/19	7.16	21.6 : 5.08	%
Brazil	6.19	Mar/19	5.7	54180 : 5.66	%
Russia	6.12	Mar/19	6.24	102 : 5	%
Indonesia	5.25	May/19	5.25	56 : 3	%
Mexico	3.69	Feb/19	3.71	126 : 0.55	%
Saudi Arabia	3.40	May/19	3.4	9.04 : 0.5	%
South Korea	2.07	Feb/19	2.15	19.5 : 1.37	%
Australia	1.85	Apr/19	1.85	17.25 : 1.85	%
Canada	1.81	May/19	1.83	22.06 : 0.1	%
United Kingdom	0.50	May/19	0.5	4.25 : 0	%
China	0.35	Apr/19	0.35	3.15 : 0.35	%
Singapore	0.20	Apr/19	0.2	12.8 : 0.13	%
Japan	-0.22	May/19	-0.21	16.25 : -0.51	%
Switzerland	-0.31	Mar/19	-0.31	9.75 : -0.34	%
Euro Area	-0.40	Apr/19	-0.4	3.75 : -0.4	%