South Korea - Money Market Rate





South Korea: Money Market Rate

Mnemonic IRMM.IKOR
Unit % p.a., NSA
Adjustments Not Seasonally Adjusted
Monthly
Data Jun 2019 1.76
May 2019 1.75

Series Information

Source The Bank of Korea
Release Market Interest Rates
Frequency Monthly
Start Date 1/31/1991
End Date 6/30/2019

South Korea: Markets

Reference Last Previous Units Frequency
Lending Rate 23 Jul 2019 1.5 1.5 %, NSA Daily
Stock Market Index 22 Jul 2019 2,093 Index, NSA Daily
Average Long-term Government Bond Jun 2019 1.62 1.83 % p.a., NSA Monthly
Money Market Rate Jun 2019 1.76 1.75 % p.a., NSA Monthly
Treasury Bills (over 31 days) Jun 2019 1.56 1.71 % p.a., NSA Monthly

Release Information

The Bank of Korea (BO), Korea's central bank, publishes several key interest rate indicators to track the "price of money"; price paid when money is borrowed or lent.  

Interest rates are disseminated daily and Monthly and the following rates are available:

  1. Interest rates on aggregate credit ceiling loans (rediscount policy variable rate);
  2. Overnight interbank call rates (weighted average rates by trading volume);
  3. Commercial Banks & Saving Banks' weighted averages of interest rates on time & saving deposits (newly extended, with a maturity of one year and more but less than two years);
  4. Commercial Banks & Saving Banks' weighted averages of interest rates on loans & discounts(newly extended);
  5. Yields on Treasury bonds (period average rates, a maturity of three years).

Interest rates are not revised.

Interest rates are simple annual percentages.