Data / Central bank policy rate / South Korea

Central bank policy rate in South Korea

Central bank policy rate in South Korea was 2.75% in July 2026, according to Bank for International Settlements. That is up 0.25 pts from July 2025. That is the 27th highest of 36 countries in July 2026.

July 20262.75%
Change on July 2025+0.25 pts
Rank27th of 36Countries ranked
Series high5.25October 2000
Series low0.5May 2020

Central bank policy rate in South Korea, May 1999 to July 2026

CSVChart (SVG)

01234561999-052003-042007-032011-022015-012018-122022-112026-071999-05: 4.75 %1999-06: 4.75 %1999-07: 4.75 %1999-08: 4.75 %1999-09: 4.75 %1999-10: 4.75 %1999-11: 4.75 %1999-12: 4.75 %2000-01: 4.75 %2000-02: 5 %2000-03: 5 %2000-04: 5 %2000-05: 5 %2000-06: 5 %2000-07: 5 %2000-08: 5 %2000-09: 5 %2000-10: 5.25 %2000-11: 5.25 %2000-12: 5.25 %2001-01: 5.25 %2001-02: 5 %2001-03: 5 %2001-04: 5 %2001-05: 5 %2001-06: 5 %2001-07: 4.75 %2001-08: 4.5 %2001-09: 4 %2001-10: 4 %2001-11: 4 %2001-12: 4 %2002-01: 4 %2002-02: 4 %2002-03: 4 %2002-04: 4 %2002-05: 4.25 %2002-06: 4.25 %2002-07: 4.25 %2002-08: 4.25 %2002-09: 4.25 %2002-10: 4.25 %2002-11: 4.25 %2002-12: 4.25 %2003-01: 4.25 %2003-02: 4.25 %2003-03: 4.25 %2003-04: 4.25 %2003-05: 4 %2003-06: 4 %2003-07: 3.75 %2003-08: 3.75 %2003-09: 3.75 %2003-10: 3.75 %2003-11: 3.75 %2003-12: 3.75 %2004-01: 3.75 %2004-02: 3.75 %2004-03: 3.75 %2004-04: 3.75 %2004-05: 3.75 %2004-06: 3.75 %2004-07: 3.75 %2004-08: 3.5 %2004-09: 3.5 %2004-10: 3.5 %2004-11: 3.25 %2004-12: 3.25 %2005-01: 3.25 %2005-02: 3.25 %2005-03: 3.25 %2005-04: 3.25 %2005-05: 3.25 %2005-06: 3.25 %2005-07: 3.25 %2005-08: 3.25 %2005-09: 3.25 %2005-10: 3.5 %2005-11: 3.5 %2005-12: 3.75 %2006-01: 3.75 %2006-02: 4 %2006-03: 4 %2006-04: 4 %2006-05: 4 %2006-06: 4.25 %2006-07: 4.25 %2006-08: 4.5 %2006-09: 4.5 %2006-10: 4.5 %2006-11: 4.5 %2006-12: 4.5 %2007-01: 4.5 %2007-02: 4.5 %2007-03: 4.5 %2007-04: 4.5 %2007-05: 4.5 %2007-06: 4.5 %2007-07: 4.75 %2007-08: 5 %2007-09: 5 %2007-10: 5 %2007-11: 5 %2007-12: 5 %2008-01: 5 %2008-02: 5 %2008-03: 5 %2008-04: 5 %2008-05: 5 %2008-06: 5 %2008-07: 5 %2008-08: 5.25 %2008-09: 5.25 %2008-10: 4.25 %2008-11: 4 %2008-12: 3 %2009-01: 2.5 %2009-02: 2 %2009-03: 2 %2009-04: 2 %2009-05: 2 %2009-06: 2 %2009-07: 2 %2009-08: 2 %2009-09: 2 %2009-10: 2 %2009-11: 2 %2009-12: 2 %2010-01: 2 %2010-02: 2 %2010-03: 2 %2010-04: 2 %2010-05: 2 %2010-06: 2 %2010-07: 2.25 %2010-08: 2.25 %2010-09: 2.25 %2010-10: 2.25 %2010-11: 2.5 %2010-12: 2.5 %2011-01: 2.75 %2011-02: 2.75 %2011-03: 3 %2011-04: 3 %2011-05: 3 %2011-06: 3.25 %2011-07: 3.25 %2011-08: 3.25 %2011-09: 3.25 %2011-10: 3.25 %2011-11: 3.25 %2011-12: 3.25 %2012-01: 3.25 %2012-02: 3.25 %2012-03: 3.25 %2012-04: 3.25 %2012-05: 3.25 %2012-06: 3.25 %2012-07: 3 %2012-08: 3 %2012-09: 3 %2012-10: 2.75 %2012-11: 2.75 %2012-12: 2.75 %2013-01: 2.75 %2013-02: 2.75 %2013-03: 2.75 %2013-04: 2.75 %2013-05: 2.5 %2013-06: 2.5 %2013-07: 2.5 %2013-08: 2.5 %2013-09: 2.5 %2013-10: 2.5 %2013-11: 2.5 %2013-12: 2.5 %2014-01: 2.5 %2014-02: 2.5 %2014-03: 2.5 %2014-04: 2.5 %2014-05: 2.5 %2014-06: 2.5 %2014-07: 2.5 %2014-08: 2.25 %2014-09: 2.25 %2014-10: 2 %2014-11: 2 %2014-12: 2 %2015-01: 2 %2015-02: 2 %2015-03: 1.75 %2015-04: 1.75 %2015-05: 1.75 %2015-06: 1.5 %2015-07: 1.5 %2015-08: 1.5 %2015-09: 1.5 %2015-10: 1.5 %2015-11: 1.5 %2015-12: 1.5 %2016-01: 1.5 %2016-02: 1.5 %2016-03: 1.5 %2016-04: 1.5 %2016-05: 1.5 %2016-06: 1.25 %2016-07: 1.25 %2016-08: 1.25 %2016-09: 1.25 %2016-10: 1.25 %2016-11: 1.25 %2016-12: 1.25 %2017-01: 1.25 %2017-02: 1.25 %2017-03: 1.25 %2017-04: 1.25 %2017-05: 1.25 %2017-06: 1.25 %2017-07: 1.25 %2017-08: 1.25 %2017-09: 1.25 %2017-10: 1.25 %2017-11: 1.5 %2017-12: 1.5 %2018-01: 1.5 %2018-02: 1.5 %2018-03: 1.5 %2018-04: 1.5 %2018-05: 1.5 %2018-06: 1.5 %2018-07: 1.5 %2018-08: 1.5 %2018-09: 1.5 %2018-10: 1.5 %2018-11: 1.75 %2018-12: 1.75 %2019-01: 1.75 %2019-02: 1.75 %2019-03: 1.75 %2019-04: 1.75 %2019-05: 1.75 %2019-06: 1.75 %2019-07: 1.5 %2019-08: 1.5 %2019-09: 1.5 %2019-10: 1.25 %2019-11: 1.25 %2019-12: 1.25 %2020-01: 1.25 %2020-02: 1.25 %2020-03: 0.75 %2020-04: 0.75 %2020-05: 0.5 %2020-06: 0.5 %2020-07: 0.5 %2020-08: 0.5 %2020-09: 0.5 %2020-10: 0.5 %2020-11: 0.5 %2020-12: 0.5 %2021-01: 0.5 %2021-02: 0.5 %2021-03: 0.5 %2021-04: 0.5 %2021-05: 0.5 %2021-06: 0.5 %2021-07: 0.5 %2021-08: 0.75 %2021-09: 0.75 %2021-10: 0.75 %2021-11: 1 %2021-12: 1 %2022-01: 1.25 %2022-02: 1.25 %2022-03: 1.25 %2022-04: 1.5 %2022-05: 1.75 %2022-06: 1.75 %2022-07: 2.25 %2022-08: 2.5 %2022-09: 2.5 %2022-10: 3 %2022-11: 3.25 %2022-12: 3.25 %2023-01: 3.5 %2023-02: 3.5 %2023-03: 3.5 %2023-04: 3.5 %2023-05: 3.5 %2023-06: 3.5 %2023-07: 3.5 %2023-08: 3.5 %2023-09: 3.5 %2023-10: 3.5 %2023-11: 3.5 %2023-12: 3.5 %2024-01: 3.5 %2024-02: 3.5 %2024-03: 3.5 %2024-04: 3.5 %2024-05: 3.5 %2024-06: 3.5 %2024-07: 3.5 %2024-08: 3.5 %2024-09: 3.5 %2024-10: 3.25 %2024-11: 3 %2024-12: 3 %2025-01: 3 %2025-02: 2.75 %2025-03: 2.75 %2025-04: 2.75 %2025-05: 2.5 %2025-06: 2.5 %2025-07: 2.5 %2025-08: 2.5 %2025-09: 2.5 %2025-10: 2.5 %2025-11: 2.5 %2025-12: 2.5 %2026-01: 2.5 %2026-02: 2.5 %2026-03: 2.5 %2026-04: 2.5 %2026-05: 2.5 %2026-06: 2.5 %2026-07: 2.75 %
%. Source: BIS. Retrieved 2026-10-09.
All 327 values
Period%
2026-072.75
2026-062.5
2026-052.5
2026-042.5
2026-032.5
2026-022.5
2026-012.5
2025-122.5
2025-112.5
2025-102.5
2025-092.5
2025-082.5
2025-072.5
2025-062.5
2025-052.5
2025-042.75
2025-032.75
2025-022.75
2025-013
2024-123
2024-113
2024-103.25
2024-093.5
2024-083.5
2024-073.5
2024-063.5
2024-053.5
2024-043.5
2024-033.5
2024-023.5
2024-013.5
2023-123.5
2023-113.5
2023-103.5
2023-093.5
2023-083.5
2023-073.5
2023-063.5
2023-053.5
2023-043.5
2023-033.5
2023-023.5
2023-013.5
2022-123.25
2022-113.25
2022-103
2022-092.5
2022-082.5
2022-072.25
2022-061.75
2022-051.75
2022-041.5
2022-031.25
2022-021.25
2022-011.25
2021-121
2021-111
2021-100.75
2021-090.75
2021-080.75
2021-070.5
2021-060.5
2021-050.5
2021-040.5
2021-030.5
2021-020.5
2021-010.5
2020-120.5
2020-110.5
2020-100.5
2020-090.5
2020-080.5
2020-070.5
2020-060.5
2020-050.5
2020-040.75
2020-030.75
2020-021.25
2020-011.25
2019-121.25
2019-111.25
2019-101.25
2019-091.5
2019-081.5
2019-071.5
2019-061.75
2019-051.75
2019-041.75
2019-031.75
2019-021.75
2019-011.75
2018-121.75
2018-111.75
2018-101.5
2018-091.5
2018-081.5
2018-071.5
2018-061.5
2018-051.5
2018-041.5
2018-031.5
2018-021.5
2018-011.5
2017-121.5
2017-111.5
2017-101.25
2017-091.25
2017-081.25
2017-071.25
2017-061.25
2017-051.25
2017-041.25
2017-031.25
2017-021.25
2017-011.25
2016-121.25
2016-111.25
2016-101.25
2016-091.25
2016-081.25
2016-071.25
2016-061.25
2016-051.5
2016-041.5
2016-031.5
2016-021.5
2016-011.5
2015-121.5
2015-111.5
2015-101.5
2015-091.5
2015-081.5
2015-071.5
2015-061.5
2015-051.75
2015-041.75
2015-031.75
2015-022
2015-012
2014-122
2014-112
2014-102
2014-092.25
2014-082.25
2014-072.5
2014-062.5
2014-052.5
2014-042.5
2014-032.5
2014-022.5
2014-012.5
2013-122.5
2013-112.5
2013-102.5
2013-092.5
2013-082.5
2013-072.5
2013-062.5
2013-052.5
2013-042.75
2013-032.75
2013-022.75
2013-012.75
2012-122.75
2012-112.75
2012-102.75
2012-093
2012-083
2012-073
2012-063.25
2012-053.25
2012-043.25
2012-033.25
2012-023.25
2012-013.25
2011-123.25
2011-113.25
2011-103.25
2011-093.25
2011-083.25
2011-073.25
2011-063.25
2011-053
2011-043
2011-033
2011-022.75
2011-012.75
2010-122.5
2010-112.5
2010-102.25
2010-092.25
2010-082.25
2010-072.25
2010-062
2010-052
2010-042
2010-032
2010-022
2010-012
2009-122
2009-112
2009-102
2009-092
2009-082
2009-072
2009-062
2009-052
2009-042
2009-032
2009-022
2009-012.5
2008-123
2008-114
2008-104.25
2008-095.25
2008-085.25
2008-075
2008-065
2008-055
2008-045
2008-035
2008-025
2008-015
2007-125
2007-115
2007-105
2007-095
2007-085
2007-074.75
2007-064.5
2007-054.5
2007-044.5
2007-034.5
2007-024.5
2007-014.5
2006-124.5
2006-114.5
2006-104.5
2006-094.5
2006-084.5
2006-074.25
2006-064.25
2006-054
2006-044
2006-034
2006-024
2006-013.75
2005-123.75
2005-113.5
2005-103.5
2005-093.25
2005-083.25
2005-073.25
2005-063.25
2005-053.25
2005-043.25
2005-033.25
2005-023.25
2005-013.25
2004-123.25
2004-113.25
2004-103.5
2004-093.5
2004-083.5
2004-073.75
2004-063.75
2004-053.75
2004-043.75
2004-033.75
2004-023.75
2004-013.75
2003-123.75
2003-113.75
2003-103.75
2003-093.75
2003-083.75
2003-073.75
2003-064
2003-054
2003-044.25
2003-034.25
2003-024.25
2003-014.25
2002-124.25
2002-114.25
2002-104.25
2002-094.25
2002-084.25
2002-074.25
2002-064.25
2002-054.25
2002-044
2002-034
2002-024
2002-014
2001-124
2001-114
2001-104
2001-094
2001-084.5
2001-074.75
2001-065
2001-055
2001-045
2001-035
2001-025
2001-015.25
2000-125.25
2000-115.25
2000-105.25
2000-095
2000-085
2000-075
2000-065
2000-055
2000-045
2000-035
2000-025
2000-014.75
1999-124.75
1999-114.75
1999-104.75
1999-094.75
1999-084.75
1999-074.75
1999-064.75
1999-054.75

Rankings

Definition

The rate a central bank sets to steer monetary policy, or its operational target, in percent per year. United States: effective federal funds rate, monthly average of daily rates (Federal Reserve H.15). Euro area: ECB deposit facility rate in force on the last day of the month. Other countries: the policy rate in force at the end of the month as reported by the national central bank and compiled by the BIS.

Timing differs by source: the US figure is a monthly average of the market rate that the Federal Reserve targets (the target range is set by the FOMC; the BIS copy uses its midpoint), while ECB and BIS figures are end-of-month levels. The euro area series is the deposit facility rate for its whole history; the ECB has steered with it since September 2024, and before that the BIS series and most press coverage used the main refinancing rate (see ecb_main_refinancing_rate). Euro area members have no national policy rate since 1999, so their BIS series end in 1998. Each BIS series names its central bank and the instrument used in each period.

How to cite

Bank for International Settlements (BIS), from national central bank data. Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF). https://stats.bis.org/api/v2/data/dataflow/BIS/WS_CBPOL/1.0/M.KR?format=csv. Retrieved 2026-10-09.

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Questions

What is the central bank policy rate in South Korea?

Central bank policy rate in South Korea was 2.75% in July 2026, according to Bank for International Settlements. That is up 0.25 pts from July 2025. That is the 27th highest of 36 countries in July 2026.

Where does this figure come from?

Bank for International Settlements. Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF). Retrieved by Invokely on 2026-10-09.

What was the highest central bank policy rate in South Korea?

5.25% in October 2000, the highest value since May 1999 in this series.

More statistics for South Korea

All statistics for South Korea