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Bank of Korea base rate, interest rate central bank South Korea

Charts - historic Bank of Korea interest rates

Graph Bank of Korea interest rate - interest rates last year

Graph Bank of Korea interest rate - long-term graph

The current Bank of Korea interest rate (base rate) is 2.500 %

Bank of Korea

The central bank of South Korea is the Bank of Korea. Price stability is the main objective of the monetary policy of the central bank of South Korea. Inflation targeting is the monetary policy which aims to achieve an explicit target for the level of inflation. For an overview of current inflation in South-Korea, click here.

Bank of Korea base rate

When reference is made to the South Korean interest rate this often refers to the Bank of Korea base rate. Before, the Korean interest rate was called the overnight call rate, but since March 2008 the term Bank of Korea base rate or base rate is being used. By changing the Bank of Korea base rate the central bank of Korea is influencing the interest rate of products like mortgages, credit and savings accounts. Doing so the consumption and investment levels are being influenced which has an effect on price levels and therefor on inflation.

This page shows the current and historic values of the Bank of Korea base rate.

For a summary of the current interest rates of a large number of central banks please click here.

Tables - current and historic interest rates of the central bank of South Korea

Bank of Korea interest rate changes

 change date percentage
 may 09 2013 2.500 %
 october 11 2012 2.750 %
 july 12 2012 3.000 %
 june 10 2011 3.250 %
 march 10 2011 3.000 %
 january 13 2011 2.750 %
 november 16 2010 2.500 %
 july 09 2010 2.250 %
 february 12 2009 2.000 %
 january 09 2009 2.500 %

Summary of other central banks’ interest rates

 central bank interest rate region percentage date
 FED interest rate United States 0.250 % 12-16-2008
 RBA interest rate Australia 2.500 % 08-06-2013
 BACEN interest rate Brazil 11.000 % 04-02-2014
 BoE interest rate Great Britain 0.500 % 03-05-2009
 BOC interest rate Canada 1.000 % 09-08-2010
 PBC interest rate China 6.000 % 07-06-2012
 ECB interest rate Europe 0.250 % 11-07-2013
 BoJ interest rate Japan 0.100 % 10-05-2010
 CBR interest rate Russia 7.000 % 03-03-2014
 SARB interest rate South Africa 5.500 % 01-29-2014

In order to be able to show the data on this page, we make use of a large number of sources of information that we believe to be reliable. For more information and our disclaimer, click here.

American interest rate (Fed)0.25 %12-16-2008
Australian interest rate (RBA)2.50 %08-06-2013
British interest rate (BoE)0.50 %03-05-2009
Canadian interest rate (BOC)1.00 %09-08-2010
European interest rate (ECB)0.25 %11-07-2013
Japanese interest rate (BoJ)0.10 %10-05-2010
All central banks interest rates, click here
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