South Korea deposit interest rate

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South Korea deposit interest rate closed down 3.56 as of April 30, 2024 from 3.61 from the previous day, 4.18 last week and 3.36 last month.

South Korea deposit interest rate Analytics & Data





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South Korea deposit interest rate Historical Data

DateClose
2024-04-30 3.56
2024-03-31 3.61
2024-02-29 3.64
2024-01-31 3.66
2023-12-31 3.89
2023-11-30 4.18
2023-10-31 4.12
2023-09-30 3.91
2023-08-31 3.75
2023-07-31 3.81
2023-06-30 3.77
2023-05-31 3.61
2023-04-30 3.52
2023-03-31 3.69
2023-02-28 3.72
2023-01-31 4.16
2022-12-31 4.64
2022-11-30 4.96
2022-10-31 4.52
2022-09-30 3.84
2022-08-31 3.36
2022-07-31 3.34
2022-06-30 2.74
2022-05-31 2.25
2022-04-30 2.11
2022-03-31 1.94
2022-02-28 1.92
2022-01-31 1.84
2021-12-31 1.8
2021-11-30 1.74
2021-10-31 1.46
2021-09-30 1.32
2021-08-31 1.17
2021-07-31 1.1
2021-06-30 1.06
2021-05-31 0.92
2021-04-30 0.93
2021-03-31 0.94
2021-02-28 0.94
2021-01-31 0.98
2020-12-31 1.02
2020-11-30 1.02
2020-10-31 1
2020-09-30 1
2020-08-31 0.91
2020-07-31 0.93
2020-06-30 1.02
2020-05-31 1.19
2020-04-30 1.34
2020-03-31 1.37
2020-02-29 1.51
2020-01-31 1.62
2019-12-31 1.69
2019-11-30 1.72
2019-10-31 1.63
2019-09-30 1.64
2019-08-31 1.6
2019-07-31 1.81
2019-06-30 1.9
2019-05-31 1.97

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South Korea deposit interest rate Statistics

SecuritySymbolLastMomentumTrendOscillator1D%1W%1M%1Y%
South Korea deposit interest ratekr.depositrate0000

South Korea deposit interest rate Factors

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South Korea deposit interest rate Historical Data

The MacroVar database offers free access to historical data for the South Korea deposit interest 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 deposit interest rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the South Korea deposit interest rate

The deposit interest rate in South Korea refers to the rate at which financial institutions pay interest on deposits made by customers. This rate is set by the country's central bank, the Bank of Korea, and is used to regulate the flow of money in the economy. A higher interest rate typically encourages saving and reduces spending, while a lower interest rate stimulates borrowing and spending. The deposit interest rate in South Korea plays a crucial role in influencing consumer behavior, investment decisions, and overall economic growth. It is an important tool used by the central bank to maintain price stability and promote economic stability in the country.