South Korea Interest Rate

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.