Deposit Interest Rate in South Korea decreased to 0.98 percent in January from 1.02 percent in December of 2020. source: IMF

Deposit Interest Rate in South Korea averaged 4.93 percent from 1980 until 2021, reaching an all time high of 19.50 percent in December of 1980 and a record low of 0.91 percent in August of 2020. This page includes a chart with historical data for Deposit Interest Rate in South Korea. Deposit Interest Rate in South Korea - values, historical data and charts - was last updated on April of 2021.

Deposit Interest Rate in South Korea is expected to be 1.02 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in South Korea to stand at 1.02 in 12 months time. In the long-term, the Deposit Interest Rate in South Korea is projected to trend around 1.77 percent in 2022 and 2.02 percent in 2023, according to our econometric models.

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Deposit Interest Rate in South Korea

Actual Previous Highest Lowest Dates Unit Frequency
0.98 1.02 19.50 0.91 1980 - 2021 percent Monthly

South Korea Money Last Previous Highest Lowest Unit
Interest Rate 0.50 0.50 5.25 0.50 percent [+]
Money Supply M0 138161000.00 136152600.00 138161000.00 11200.00 KRW Million [+]
Money Supply M1 1187295.10 1178748.60 1187295.10 260.40 KRW Billion [+]
Interbank Rate 0.72 0.72 6.14 0.57 percent [+]
Money Supply M2 3222127.40 3195887.30 3222127.40 590.60 KRW Billion [+]
Money Supply M3 4496064.70 4459390.00 4496064.70 57007.90 KRW Billion [+]
Foreign Exchange Reserves 446130.00 447560.00 447560.00 564.50 USD Million [+]
Loans to Private Sector 9953248.00 9863416.00 9953248.00 2603700.00 KRW Hundred Million [+]
Deposit Interest Rate 0.98 1.02 19.50 0.91 percent [+]
Private Debt To GDP 253.24 244.15 253.24 227.03 percent [+]
Lending Rate 1.50 1.50 2.50 1.50 percent [+]
Central Bank Balance Sheet 533549.50 538730.40 566929.80 310.30 KRW Billion [+]
Foreign Stock Investment 976286.60 774919.80 976286.60 34948.20 USD Million [+]


Deposit Interest Rate in South Korea
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.