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Bank of Korea

KRW · Official Website

Latest Statement

⚖️ Neutral

Interest Rates (May 2026)

2026-06-26

In May 2026, the Bank of Korea reported a slight increase in average interest rates on new deposits, while the average interest rates on new loans experienced a minor decline. This reflects ongoing adjustments in the monetary policy landscape as the central bank navigates economic conditions.

Average interest rate on new deposits rose to 2.93%, up 1 basis point from April 2026.
Average interest rate on outstanding deposits increased to 2.03%, also up 1 basis point.
Average interest rate on new loans decreased to 4.19%, down 1 basis point from the previous month.
Average interest rate on outstanding loans rose to 4.31%, up 1 basis point.

Bank Profile

Mandate

Price stability (2% CPI), financial stability

Decision Types

Base Rate, Open market operations, Lending facilities

Policy Instruments

Base Rate, Aggregate Credit Ceiling Loans, Open market operations, Reserve requirements

Target Indicators

CPI inflation (2%), Core inflation, Output gap, Financial stability indicators

Communication Style

Detailed monetary policy statements, board member dissent visible, press conferences

Committee

Monetary Policy Board - 7 members (Governor, Senior Deputy Governor, 5 members)

Economic Indicators

Policy Rate	2.50%
USD/KRW	1516.65
GDP Growth	3.2%
M2 Growth	5.8%
10Y Yield	4.08%
2y10y Spread	+1.43%

HISTORICAL TRENDS

Policy Rate

FX Rate

CPI

GDP

10Y Yield

2Y-10Y Spread

Stance

Key Commodities

Top traded commodities for South Korea

Commodity	Price	1D	30D
Brent Crude Oil	69.56 USD/barrel	+1.3%	-34.9%
Copper	13,483.75 USD/mt	+4.6%	+64.6%

Recent Statements

Minutes of the Monetary Policy Board Meeting (May 2026) ⚖️ Neutral

2026-06-16

Interest Rates (April 2026) ⚖️ Neutral

2026-05-29

Monetary Policy Decision & Opening Remarks to the Press Conference (May 28, 2026) ⚖️ Neutral

2026-05-28

Monetary Policy Report (March 2026) ⚖️ Neutral

2026-05-20

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