The Bank of Korea raised its base rate by 25 basis points to 1.75 percent on November 30th 2018, as widely expected. It is the first rate hike since November 2017, amid huge household debts. Interest Rate in South Korea averaged 3.20 percent from 1999 until 2018, reaching an all time high of 5.25 percent in October of 2000 and a record low of 1.25 percent in June of 2016.

Interest Rate in South Korea is expected to be 1.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in South Korea to stand at 2.00 in 12 months time. In the long-term, the South Korea Interest Rate is projected to trend around 2.25 percent in 2020, according to our econometric models.

South Korea Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-07-12 01:00 AM Interest Rate Decision 1.5% 1.5% 1.5% 1.5%
2018-08-31 01:00 AM Interest Rate Decision 1.5% 1.5% 1.5% 1.75%
2018-10-18 01:00 AM Interest Rate Decision 1.5% 1.5% 1.5% 1.5%
2018-11-30 01:00 AM Interest Rate Decision 1.75% 1.5% 1.75% 1.75%


South Korea Money Last Previous Highest Lowest Unit
Interest Rate 1.75 1.50 5.25 1.25 percent [+]
Interbank Rate 1.88 1.88 6.14 1.27 percent [+]
Money Supply M0 103503900.00 99560500.00 103503900.00 11200.00 KRW Million [+]
Money Supply M1 846035.30 845314.80 849972.70 260.40 KRW Billion [+]
Money Supply M2 2646433.20 2642293.00 2646433.20 590.60 KRW Billion [+]
Money Supply M3 3734950.80 3725804.50 3734950.80 57007.90 KRW Billion [+]
Foreign Exchange Reserves 402990.00 402750.00 402999.70 564.50 USD Million [+]
Loans to Private Sector 8260318.00 8214650.00 8260318.00 2603700.00 KRW Hundred Million [+]
Deposit Interest Rate 1.67 1.56 19.50 1.56 percent [+]
Private Debt To GDP 253.30 254.90 254.90 237.30 percent [+]
Central Bank Balance Sheet 497407.40 502618.70 510090.10 310.30 KRW Billion [+]
Foreign Stock Investment 742733.30 7302.78 742733.30 349.48 USD Hundreds of Millions [+]


South Korea Interest Rate

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. This page provides - South Korea Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Interest Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.75 1.50 5.25 1.25 1999 - 2018 percent Daily




Country Last Previous
Argentina 59.16 Dec/18
Turkey 24.00 Nov/18
Mexico 8.00 Nov/18
Russia 7.50 Nov/18
South Africa 6.75 Nov/18
Brazil 6.50 Oct/18
India 6.50 Dec/18
Indonesia 6.00 Nov/18
China 4.35 Oct/18
Saudi Arabia 2.75 Oct/18
United States 2.25 Nov/18
Canada 1.75 Dec/18
South Korea 1.75 Nov/18
Australia 1.50 Dec/18
Singapore 1.45 Oct/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Nov/18
France 0.00 Nov/18
Germany 0.00 Nov/18
Italy 0.00 Nov/18
Netherlands 0.00 Nov/18
Spain 0.00 Nov/18
Japan -0.10 Oct/18
Switzerland -0.75 Nov/18


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