South Korea bank lending rate


South Korea bank lending rate closed down 4.77 as of April 30, 2024 from 4.8 from the previous day, 5.26 last week and 4.52 last month.

South Korea bank lending rate Analytics & Data





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South Korea bank lending rate Historical Data

DateClose
2024-04-30 4.77
2024-03-31 4.8
2024-02-29 4.85
2024-01-31 5.04
2023-12-31 5.14
2023-11-30 5.26
2023-10-31 5.24
2023-09-30 5.17
2023-08-31 5.1
2023-07-31 5.11
2023-06-30 5.17
2023-05-31 5.12
2023-04-30 5.01
2023-03-31 5.17
2023-02-28 5.32
2023-01-31 5.46
2022-12-31 5.56
2022-11-30 5.64
2022-10-31 5.26
2022-09-30 4.71
2022-08-31 4.52
2022-07-31 4.21
2022-06-30 3.9
2022-05-31 3.68
2022-04-30 3.57
2022-03-31 3.5
2022-02-28 3.56
2022-01-31 3.45
2021-12-31 3.25
2021-11-30 3.23
2021-10-31 3.07
2021-09-30 2.96
2021-08-31 2.87
2021-07-31 2.78
2021-06-30 2.77
2021-05-31 2.72
2021-04-30 2.74
2021-03-31 2.77
2021-02-28 2.74
2021-01-31 2.72
2020-12-31 2.74
2020-11-30 2.71
2020-10-31 2.66
2020-09-30 2.66
2020-08-31 2.63
2020-07-31 2.7
2020-06-30 2.72
2020-05-31 2.82
2020-04-30 2.8
2020-03-31 2.91
2020-02-29 3.08
2020-01-31 3.19
2019-12-31 3.22
2019-11-30 3.18
2019-10-31 3.2
2019-09-30 3.31
2019-08-31 3.19
2019-07-31 3.4
2019-06-30 3.49
2019-05-31 3.62

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South Korea bank lending rate Statistics

SecuritySymbolLastMomentumTrendOscillator1D%1W%1M%1Y%
South Korea bank lending ratekr.banks.lendingrate0000

South Korea bank lending rate Factors

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South Korea bank lending rate Historical Data

The MacroVar database offers free access to historical data for the South Korea bank lending rate, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of South Korea bank lending rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the South Korea bank lending rate

The South Korea bank lending rate refers to the interest rate at which commercial banks in South Korea lend money to individuals and businesses. This rate is set by the country's central bank, the Bank of Korea, and plays a crucial role in determining the cost of borrowing for consumers and companies. A lower bank lending rate can stimulate economic growth by encouraging borrowing and investment, while a higher rate can help control inflation and prevent excessive borrowing. The South Korea bank lending rate is closely monitored by policymakers and economists as it can have a significant impact on the overall health of the economy.