Bank Lending Rate in South Korea increased to 4.71 percent in September from 4.52 percent in August of 2022. source: The Bank of Korea

Bank Lending Rate in South Korea averaged 6.18 percent from 1996 until 2022, reaching an all time high of 17.01 percent in January of 1998 and a record low of 2.63 percent in August of 2020. 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 - values, historical data and charts - was last updated on November of 2022.

Bank Lending Rate in South Korea is expected to be 4.96 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Bank Average Lending Rate is projected to trend around 5.21 percent in 2023 and 4.96 percent in 2024, according to our econometric models.

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South Korea Bank Average Lending Rate

Related Last Previous Unit Reference
Consumer Confidence 86.50 88.80 points Nov 2022
Consumer Spending 234667.40 230440.20 KRW Billion Sep 2022
Disposable Personal Income 2078537.30 1938678.90 KRW Billion Dec 2021
Personal Savings 34.20 35.70 percent Jun 2022
Consumer Credit 1869357.30 1859423.40 KRW Billion Jun 2022
Bank Lending Rate 4.71 4.52 percent Sep 2022
Economic Optimism Index 96.00 98.00 Net Balance Oct 2022

South Korea Bank Average Lending Rate
In South Korea, the bank lending rate is the average rate of interest charged on loans by commercial banks to private individuals and companies.
Actual Previous Highest Lowest Dates Unit Frequency
4.71 4.52 17.01 2.63 1996 - 2022 percent Monthly