South Korea Bank Average Lending Rate

Bank Lending Rate in South Korea decreased to 3.70 percent in February from 3.73 percent in January of 2019. Bank Lending Rate in South Korea averaged 6.64 percent from 1996 until 2019, reaching an all time high of 17.01 percent in January of 1998 and a record low of 3.23 percent in July of 2016.

Bank Lending Rate in South Korea is expected to be 3.66 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in South Korea to stand at 3.66 in 12 months time. In the long-term, the South Korea Bank Average Lending Rate is projected to trend around 3.66 percent in 2020, according to our econometric models.

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South Korea Consumer	Last	Previous	Highest	Lowest	Unit
Consumer Confidence	99.80	99.50	120.80	68.50	Index Points	[+]
Retail Sales MoM	-0.50	0.20	5.50	-12.40	percent	[+]
Retail Sales YoY	-2.00	4.00	20.20	-21.50	percent	[+]
Consumer Spending	193328.70	191478.00	193328.70	6809.67	KRW Billion	[+]
Disposable Personal Income	1770713.90	1722492.80	1770713.90	2866.70	KRW Billion	[+]
Personal Savings	8.80	8.80	25.80	1.10	percent	[+]
Consumer Credit	1534631.00	1514376.90	1534631.00	142746.90	KRW Billion	[+]
Bank Lending Rate	3.70	3.73	17.01	3.23	percent	[+]
Households Debt To GDP	96.90	96.00	96.90	1.40	percent of GDP	[+]
Gasoline Prices	1.22	1.20	1.84	0.54	USD/Liter	[+]
Consumer Confidence Current Conditions	96.00	93.00	117.00	25.00		[+]
Consumer Confidence Economic Expectations	109.00	112.00	122.00	49.00		[+]
Consumer Confidence Financial Expectations	103.00	103.00	107.00	82.00		[+]
Consumer Confidence Major Purchases Expectations	97.00	96.00	97.00	73.00		[+]
Consumer Confidence Price Trends	139.00	139.00	163.00	129.00		[+]
Consumer Confidence Savings Expectations	97.00	97.00	102.00	82.00		[+]
Consumer Confidence Unemployment Expectations	110.00	121.00	121.00	41.00		[+]

In South Korea, the bank lending rate is the average rate of interest charged on loans by commercial banks to private individuals and companies. This page provides - South Korea Bank Average Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Bank Average Lending Rate - actual data, historical chart and calendar of releases - was last updated on April of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	3.70	3.73	17.01	3.23	1996 - 2019	percent	Monthly

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Country	Last		Previous	Range
Brazil	53.15	Feb/19	51.35	254 : 39.12	%
South Africa	10.25	Mar/19	10.25	25.5 : 5.5	%
India	9.45	Mar/19	9.45	20 : 8	%
Russia	9.23	Jan/19	9.24	449 : 7.9	%
Australia	8.66	Mar/19	8.66	20.5 : 8.1	%
United States	5.50	Mar/19	5.5	20.5 : 2	%
Singapore	5.25	Mar/19	5.33	14.98 : 5.25	%
China	4.35	Mar/19	4.35	12.06 : 4.35	%
Canada	3.95	Apr/19	3.95	22.75 : 2.25	%
South Korea	3.70	Feb/19	3.73	17.01 : 3.23	%
Germany	2.04	Feb/19	2.01	6.55 : 2.01	%
Italy	2.01	Feb/19	1.98	6.48 : 1.89	%
Euro Area	1.99	Feb/19	1.99	6.52 : 1.97	%
United Kingdom	1.75	Mar/19	1.75	18 : 1.25	%
France	1.73	Feb/19	1.77	6.29 : 1.67	%
Spain	1.11	Feb/19	1.25	6.29 : 0.94	%
Japan	1.00	Feb/19	1	9.9 : 0.9	%
Netherlands	0.86	Feb/19	0.89	6.26 : 0.83	%