Bank Lending Rate in South Korea decreased to 3.19 percent in August from 3.40 percent in July of 2019. Bank Lending Rate in South Korea averaged 6.58 percent from 1996 until 2019, reaching an all time high of 17.01 percent in January of 1998 and a record low of 3.19 percent in August of 2019.

Bank Lending Rate in South Korea is expected to be 3.49 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 3.49 in 12 months time. In the long-term, the South Korea Bank Average Lending Rate is projected to trend around 3.49 percent in 2020, according to our econometric models.

South Korea Bank Average Lending Rate
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Forecast Data Chart
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South Korea Consumer Last Previous Highest Lowest Unit
Consumer Confidence 96.90 92.50 120.60 69.40 Index Points [+]
Retail Sales MoM 3.90 -0.90 5.50 -12.40 percent [+]
Retail Sales YoY 4.10 -0.30 20.20 -21.50 percent [+]
Consumer Spending 221901.20 220417.20 221901.20 6809.67 KRW Billion [+]
Disposable Personal Income 1890779.40 1836741.90 1890779.40 2866.70 KRW Billion [+]
Personal Savings 34.60 34.50 42.70 13.40 percent [+]
Consumer Credit 1556091.90 1540043.80 1556091.90 142746.90 KRW Billion [+]
Bank Lending Rate 3.19 3.40 17.01 3.19 percent [+]
Economic Optimism Index 91.00 88.00 117.00 55.00 Net Balance [+]
Gasoline Prices 1.28 1.23 1.84 0.54 USD/Liter [+]
Households Debt To GDP 92.10 91.90 92.10 1.40 percent of GDP [+]
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 [+]


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. 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.19 3.40 17.01 3.19 1996 - 2019 percent Monthly




Country Last Previous
Brazil 52.06 Aug/19
South Africa 10.00 Sep/19
India 9.40 Oct/19
Russia 8.52 Aug/19
Australia 8.03 Sep/19
Singapore 5.25 Sep/19
United States 5.15 Sep/19
China 4.35 Sep/19
Canada 3.95 Oct/19
South Korea 3.19 Aug/19
Germany 2.02 Aug/19
Euro Area 1.94 Aug/19
Italy 1.86 Aug/19
France 1.75 Aug/19
United Kingdom 1.75 Sep/19
Spain 1.33 Aug/19
Japan 0.95 Aug/19
Netherlands 0.74 Aug/19


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