English - worldwide actual interest rates and economic indicators   Nederlands - actuele, internationale rentetarieven en economische indicatoren   Deutsch - aktuelle, internationale Zinssätze und Wirtschaftindikatoren   Español - Español - tipos de interés e indicadores económicos actuales e internacionales   Italiano - tassi d’interesse internazionali e sugli indicatori economici   Français - taux d’intérêts et indicateurs économiques actuelles et internationaux   Português - taxas de juros actuais e internacionais e indicadores económicos
Go to the homepage for international interest rates and economic indicators

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 0.750 %

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
 august 26 2021 0.750 %
 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 %

Summary of other central banks’ interest rates

 central bank interest rate region percentage date
 FED interest rate United States 0.250 % 03-15-2020
 RBA interest rate Australia 0.100 % 11-03-2020
 BACEN interest rate Brazil 6.250 % 09-22-2021
 BoE interest rate Great Britain 0.100 % 03-19-2020
 BOC interest rate Canada 0.250 % 03-27-2020
 PBC interest rate China 3.850 % 04-20-2020
 ECB interest rate Europe 0.000 % 03-10-2016
 BoJ interest rate Japan -0.100 % 02-01-2016
 CBR interest rate Russia 7.500 % 10-22-2021
 SARB interest rate South Africa 3.500 % 07-23-2020

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 %03-15-2020
Australian interest rate (RBA)0.10 %11-03-2020
British interest rate (BoE)0.10 %03-19-2020
Canadian interest rate (BOC)0.25 %03-27-2020
European interest rate (ECB)-03-10-2016
Japanese interest rate (BoJ)-0.10 %02-01-2016
All central banks interest rates, click here
Quick links:
Euribor interest ratesLibor interest rates
Eonia interest ratesInterest rates central banks
Inflation figuresCPI inflation