South Korea Base Rate | Bank of Korea Interest Rate

Chart for the main interest rate of Bank of Korea. Base rate over a long period for South Korea.

South Korea Base Rate | Bank of Korea Interest Rate
Please find below a chart for the base rate, Bank of Korea (BoK) main interest rate. The chart begins in 1999.

The Bank of Korea has for primary mandate to maintain price stability. The rise in prices should be close to 3% year-on-year and could fluctuate in a range of +/- 1% around the target (index: Consumer Price Index). The policy-relevant horizon is 3 years. The BoK has an inflation targeting policy.

The Central Bank of South Korea conducts its monetary policy by raising or lowering the base rate (reference for overnight interbank market).

Bank of Korea interest rate

South Korea interest rate
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Friday, February 4th 2011

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