South Korea - Money Market Rate





South Korea: Money Market Rate

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

Series Information

Source The Bank of Korea
Release Market Interest Rates
Frequency Monthly
Start Date 1/31/1991
End Date 5/31/2019

South Korea: Markets

Reference Last Previous Units Frequency
Lending Rate 17 Jul 2019 1.75 1.75 %, NSA Daily
Stock Market Index 15 Jul 2019 2,082 Index, NSA Daily
Average Long-term Government Bond May 2019 1.83 1.89 % p.a., NSA Monthly
Money Market Rate May 2019 1.75 1.75 % p.a., NSA Monthly
Treasury Bills (over 31 days) May 2019 1.71 1.75 % 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.