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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 |
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Graph Bank of Korea interest rate - long-term graph |
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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
| may 28 2020 |
0.500 % |
| march 16 2020 |
0.750 % |
| october 16 2019 |
1.250 % |
| july 18 2019 |
1.500 % |
| november 30 2018 |
1.750 % |
| november 30 2017 |
1.500 % |
| june 09 2016 |
1.250 % |
| june 11 2015 |
1.500 % |
| march 12 2015 |
1.750 % |
| october 15 2014 |
2.000 % |
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Summary of other central banks’ interest rates
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