Deposit Interest Rate in South Korea decreased to 0.91 percent in August from 0.93 percent in July of 2020. source: IMF

Deposit Interest Rate in South Korea averaged 5 percent from 1980 until 2020, 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 November of 2020.

Deposit Interest Rate in South Korea is expected to be 3.50 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 1.37 in 12 months time. In the long-term, the Deposit Interest Rate in South Korea is projected to trend around 1.37 percent in 2021 and 2.12 percent in 2022, according to our econometric models.

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Deposit Interest Rate in South Korea

Actual Previous Highest Lowest Dates Unit Frequency
0.91 0.93 19.50 0.91 1980 - 2020 percent Monthly

South Korea Money Last Previous Highest Lowest Unit
Interest Rate 0.50 0.50 5.25 0.50 percent [+]
Money Supply M0 133247800.00 127776000.00 133247800.00 11200.00 KRW Million [+]
Money Supply M1 1136215.90 1110243.90 1136215.90 260.40 KRW Billion [+]
Interbank Rate 0.67 0.67 6.14 0.57 percent [+]
Money Supply M2 3131821.30 3103778.80 3131821.30 590.60 KRW Billion [+]
Money Supply M3 4382207.20 4349167.50 4382207.20 57007.90 KRW Billion [+]
Foreign Exchange Reserves 426510.00 420545.10 426510.00 564.50 USD Million [+]
Loans to Private Sector 9752492.00 9660511.00 9752492.00 2603700.00 KRW Hundred Million [+]
Deposit Interest Rate 0.91 0.93 19.50 0.91 percent [+]
Private Debt To GDP 260.80 253.30 260.80 237.30 percent [+]
Lending Rate 1.50 1.50 2.50 1.50 percent [+]
Central Bank Balance Sheet 542632.10 537625.00 566929.80 310.30 KRW Billion [+]
Foreign Stock Investment 774919.80 702507.40 777115.40 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.