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.