South Korea Interest Rate

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South Korean Monetary Policy Committee unexpectedly decided to cut the base rate by 25 basis points to a fresh record low of 1.25 percent during the meeting held on June 9th. It was the first rate adjustment since June 2015. Interest Rate in South Korea averaged 3.46 percent from 1999 until 2016, 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 reported by the The Bank of Korea. 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.

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  1. United States Fed Funds Rate The economy is expected to grow 2.1 percent this year (2.1 percent in the December projection), 2.1 percent in 2018 (2 percent in the December projection) and 1.9 percent in 2019 (1.9 percent in the December projection). Unemployment forecasts were left steady at 4.5 percent for 2017, 2018 and 2019 and PCE inflation was also left unchanged at 1.9 percent for 2017, 2 percent in 2018 and 2 percent in 2019. FOMC Statement: Information received since the Federal Open Market Committee met in February indicates that the labor market has continued to strengthen and that economic activity has continued to...

  2. Sri Lanka Interest Rate The Central Bank of Sri Lanka raised the its benchmark interest rate by 25 bps to 7.25 percent at its March 2017 meeting. It was the first adjustment in base rate since June 2016 due to strengthening expectations for higher inflation. Policymakers said tightening of monetary policy is necessary as a precautionary measure, in order to contain the build-up of adverse inflation expectations and the possible acceleration of demand side inflationary pressures through excessive monetary and credit expansion. The central bank also higher its lending facility rate to 8.75 percent from 8.50 percent. Interest Rate in Sri...

  3. Czech Republic Interest Rate The Czech National Bank held its two-week repo rate at a record low of 0.05 percent on March 30th, as widely expected. The discount rate and the Lombard rate were also left unchanged at 0.05 percent and 0.25 percent, respectively. The central bank added it will continue to use the exchange rate as an additional instrument for easing the monetary conditions and confirmed its commitment to intervene on the foreign exchange market if needed to weaken the koruna so that the exchange rate of the koruna against the euro is kept close to CZK 27/EUR. Interest Rate...

  4. Sierra Leone Interest Rate The benchmark interest rate in Sierra Leone was last recorded at 11 percent. Interest Rate in Sierra Leone averaged 20.06 percent from 2000 until 2016, reaching an all time high of 27 percent in October of 2000 and a record low of 9.50 percent in March of 2015.  Export Data  API Access Please Paste this Code in your Website source: tradingeconomics.com In Sierra Leone, interest rates decisions are taken by the Bank of Sierra Leone’s Monetary Policy Committee. The BSL’s official interest rate is the monetary policy rate. This page provides the latest reported value for – Sierra Leone Interest...

  5. Moldova Interest Rate The National Bank of Moldova left its benchmark interest rate unchanged at 9 percent at its March 2017 meeting, mentioning external and internal risks to inflation including rising international food prices, uncertainties over oil and natural gas prices, high liquidity in the money market and the impact of tax changes. The central bank targets inflation at 5% ± 1.5 percentage points and expects it to reach 5.7 percent in 2017. Annual inflation rate increased to 4.7 percent in February from 3 percent in the previous month. The overnight deposit and credit rates were also kept on hold...

  6. Togo Interest Rate The benchmark interest rate in Togo was last recorded at 3.50 percent. Interest Rate in Togo averaged 3.78 percent from 2010 until 2016, reaching an all time high of 4.25 percent in January of 2011 and a record low of 3.50 percent in September of 2013.  Export Data  API Access Please Paste this Code in your Website source: tradingeconomics.com Togo is a member of the Economic and Monetary Community of West Africa (UEMOA). In UEMOA, interest rates decisions are taken by the Central Bank of West African States’ Monetary Policy Committee. The Central Bank of West African States’ official rate...

  7. Niger Interest Rate The benchmark interest rate in Niger was last recorded at 4.50 percent. Interest Rate in Niger averaged 3.80 percent from 2010 until 2017, reaching an all time high of 4.50 percent in December of 2016 and a record low of 3.50 percent in September of 2013.  Export Data  API Access Please Paste this Code in your Website source: tradingeconomics.com Niger is a member of the Economic and Monetary Community of West Africa (UEMOA). In UEMOA , interest rates decisions are taken by the Central Bank of West African States’ Monetary Policy Committee. The Central Bank of West African States’ official...

  8. Dominican Republic Interest Rate The central bank of the Dominican Republic raised its benchmark interest rate by 25bps to 5.75 percent at its April 2017 meeting. Policymakers said the decision took into account the outlook for inflation and growth, market expectations and the international environment. The inflation increased to 3.34 percent in February, coming back to the central bank target range of 4% ± 1% for the first time since August of 2014 and is expected remain around target in the monetary policy horizon. Economic activity continues to grow above its potential, although it is expected to converge to this level...

  9. Kazakhstan Interest Rate Kazakhstan’s central bank lowered its benchmark interest rate by 100 bps to 11 percent on February 20th. Policymakers said inflation expectations declined, the stability and predictability of the domestic foreign exchange and money markets increased and business activity recovered. Consumer prices rose 7.9 percent year-on-year in January, following 8.5 percent increase in the previous month, in line with bank’s forecast. Interest Rate in Kazakhstan averaged 26.39 percent from 1992 until 2016, reaching an all time high of 300 percent in March of 1994 and a record low of 5.50 percent in August of 2012.  Export...

  10. Fiji Interest Rate The Reserve Bank of Fiji kept its overnight policy rate on hold at 0.5 percent at its March 2017 meeting. Policymakers said the decision was in line with efforts to supports economic growth while safeguarding macroeconomic stability. The Bank’s twin monetary policy objectives are expected to remain intact. The current higher inflation continues to be driven by supply shortages of market items resulting from adverse weather conditions and consistently high yaqona prices, post Tropical Cyclone Winston. Given the recent outcomes, the year-end inflation forecast is now expected to be around 3 percent. Interest Rate in Fiji averaged...

  11. Paraguay Interest Rate The central bank of Paraguay kept in February the benchmark interest unchanged at 5.50 percent for the 8th straight month. In the policy statement, officials underscored that while uncertainty prevails abroad, domestic economic activity remains resilient. The central bank remains confident that inflation is on track to converge to the 4.50 percent target. Consumer prices in Paraguay went up 1.9 percent year-on-year in January of 2017, following a 3.9 percent increase in the previous month. It was the lowest inflation rate since June 2013. Interest Rate in Paraguay averaged 6.24 percent from 2010 until 2017, reaching an all time high...

  12. Nigeria Interest Rate Excerpts from the Statement by the Central Bank of Nigeria: Conscious of the prevailing market sentiments in favour of a rate cut, the Committee reasoned that most of its decisions in 2016 were informed by the need to address the delicate balance between price stability and growth. Noting that the pressures on consumer prices were yet to abate and even as the economy continued to be in recession despite the intervention support by the Central Bank, the Committee stressed that it was not oblivious of the full ramifications of the economic challenges facing the country. The MPC was concerned that...

  13. Israel Interest Rate The Bank of Israel left its benchmark interest rate unchanged at 0.1 percent at its February 2017 meeting, as widely expected. Policymakers said short-term inflation expectations are below the target, but forward expectations for medium terms, from the third year onward, are within the target range of 1–3 percent and longer term expectations are anchored near the midpoint of the target range. Real economic activity continues to improve and labor market remains very positive. Meantime, the shekel strengthened by 3 percent against the dollar from the last monetary policy decision, weighing on the development of goods exports...

  14. Poland Interest Rate The National Bank of Poland held its reference rate at a record low of 1.5 percent on March 8th, 2017, in line with expectations. Also, the lombard rate and the deposit rate were kept unchanged at 2.5 percent and 0.5 percent, respectively, and the rediscount rate was left at 1.75 percent. The central bank ended an easing cycle in March 2015. Interest Rate in Poland averaged 7.28 percent from 1998 until 2017, reaching an all time high of 24 percent in March of 1998 and a record low of 1.50 percent in March of 2015. ...

  15. Romania Interest Rate The National Bank of Romania held its benchmark monetary policy rate unchanged at 1.75 percent on February 7th 2017, as widely expected. Policymakers also left unchanged the minimum reserve requirements ratio on foreign exchange-denominated liabilities of credit institutions at 10 percent and the minimum reserve requirements ratio on leu-denominated liabilities at 8 percent. Interest Rate in Romania averaged 6.07 percent from 2005 until 2017, reaching an all time high of 12.50 percent in May of 2005 and a record low of 1.75 percent in May of 2015.  Export Data  API Access Please Paste this Code...

  16. Japan Interest Rate The Bank of Japan kept its pledge to increase the monetary base at an annual pace of about 80 trillion yen at its June 2016 meeting. Policymakers also decided to leave unchanged a 0.1 percent negative interest rate and said that the year-on-year change in the CPI is likely to be slightly negative or about 0 percent for the time being. Interest Rate in Japan averaged 2.98 percent from 1972 until 2016, reaching an all time high of 9 percent in December of 1973 and a record low of -0.10 percent in January of 2016. Interest Rate in Japan is...

  17. Kyrgyzstan Interest Rate Kyrgyzstan’s central bank kept its benchmark interest rate on hold at 5 percent at its March 28th meeting. The central bank also left its overnight credit rate and overnight deposit rate unchanged at 6.25 percent and 0.25 percent respectively. Interest Rate in Kyrgyzstan averaged 6.58 percent from 2011 until 2017, reaching an all time high of 13.73 percent in December of 2011 and a record low of 2.64 percent in December of 2012.  Export Data  API Access Please Paste this Code in your Website <iframe src=’http://www.tradingeconomics.com/embed/?s=kyrstaninttrate&v=201703280414t&h=300&w=600&ref=/kyrgyzstan/interest-rate’ height=’300′ width=’600′ frameborder=’0′ scrolling=’no’></iframe><br />source: <a href=’http://www.tradingeconomics.com/kyrgyzstan/interest-rate’>tradingeconomics.com</a> ...

  18. Croatia GDP Annual Growth Rate Croatia’s gross domestic product advanced 3.4 percent year-on-year in the fourth quarter of 2016, following a 2.9 percent growth in the previous period, according to preliminary estimates. It was the strongest expansion since the first quarter of 2008, boosted by household consumption (3.6 percent vs 3.4 percent in Q3) and investments (4.6 percent from 2.9 percent). Meanwhile, the growth slowed for government expenditure (1.8 percent vs 2.1 percent in Q2). The contribution of net foreign demand was negative (-0.3 percent), as exports rose 9.7 percent (6.3 percent in Q3) and imports also advanced 9.7 percent (6 percent in Q3). On...

  19. Egypt Interest Rate The central bank of Egypt left its benchmark overnight deposit interest rate unchanged at 14.75 percent on March 30th, in line with market expectations. Borrowing cost was left at its highest level since 1994 as inflation is on an upward trend. Yet, it rose to 30.2 percent in February, the highest level since November 1989, boosted by food and beverages. The overnight lending rate was also left steady at 15.75 percent. Interest Rate in Egypt averaged 11.45 percent from 1991 until 2017, reaching an all time high of 21.40 percent in October of 1991 and a record...

  20. Denmark Interest Rate The benchmark interest rate in Denmark was last recorded at -0.65 percent. Interest Rate in Denmark averaged 3.01 percent from 1992 until 2017, reaching an all time high of 15 percent in November of 1992 and a record low of -0.75 percent in February of 2015.  Export Data  API Access Please Paste this Code in your Website <iframe src=’http://www.tradingeconomics.com/embed/?s=debrdisc&v=201704050122t&h=300&w=600&ref=/denmark/interest-rate’ height=’300′ width=’600′ frameborder=’0′ scrolling=’no’></iframe><br />source: <a href=’http://www.tradingeconomics.com/denmark/interest-rate’>tradingeconomics.com</a> In Denmark, interest rates decisions are taken by the Board of Governors of the Central Bank of Denmark (Danmarks Nationalbank). The main interest rate is the certificates...