Bank Lending Rate in South Korea increased to 3.23 percent in November from 3.07 percent in October of 2021. source: The Bank of Korea

Bank Lending Rate in South Korea averaged 6.26 percent from 1996 until 2021, 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. This page provides - South Korea Bank Average Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Bank Average Lending Rate - values, historical data and charts - was last updated on January of 2022.

Bank Lending Rate in South Korea is expected to be 3.48 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 4.48 percent in 2023, according to our econometric models.

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South Korea Bank Average Lending Rate


South Korea Bank Average Lending Rate
In South Korea, the bank lending rate is the average rate of interest charged on loans by commercial banks to private individuals and companies.
Actual Previous Highest Lowest Dates Unit Frequency
3.23 3.07 17.01 2.63 1996 - 2021 percent Monthly

Related Last Previous Unit Reference
Consumer Confidence 104.40 103.90 points Jan/22
Consumer Spending 220525.40 221145.50 KRW Billion Sep/21
Disposable Personal Income 1938678.90 1925872.90 KRW Billion Dec/20
Personal Savings 35.80 37.40 percent Jun/21
Consumer Credit 1844893.30 1805866.70 KRW Billion Sep/21
Bank Lending Rate 3.23 3.07 percent Nov/21
Economic Optimism Index 105.00 106.00 Net Balance Dec/21