South Korea Interest Rate
2.8%▲ +0.25 pt
Jul 2026 · Monthly
South Korea's benchmark interest rate rose to 2.75% in July 2026 from 2.5% in June. The rate remains well below the all-time high of 5.25% recorded in September 2008 and above the record low of 0.5% from July 2021. The series dates back to May 1999.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 2.8% | 2.5% | 5.3%Sep 2008 | 0.5%Jul 2021 | 1999 – 2026 | Monthly |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Exchange Rate | 1406.30 per USD | 1497.43 per USD | 1706.80 per USD | 50.00 per USD | Aug 2026 | Monthly |
| Inflation Rate | 2.8% | 3.2% | 122.1% | -12.0% | Jul 2026 | Monthly |
About this series
Interest Rate in South Korea averaged 2.9% from 1999 until 2026, reaching an all-time high of 5.3% in Sep 2008 and a record low of 0.5% in Jul 2021. The series is reported monthly with history from 1999.
The policy or benchmark interest rate is the key short-term rate set by the central bank to influence monetary conditions. It is reported as a percentage per annum on a monthly frequency. The available series for South Korea spans from May 1999 to the present.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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