Central Bank RatesSouth Korea policy rate in 2008 (5 changes)
Start of year5.00%
End of year3.00%Dec 31, 2008
Net change-200 bp1 hikes, 4 cuts
Average4.806%
Rank by level26 / 38
Changes in 2008
| Date | From | To | Change |
|---|---|---|---|
| Aug 7, 2008 | 5.00% | 5.25% | hike +25 bp |
| Oct 9, 2008 | 5.25% | 5.00% | cut -25 bp |
| Oct 27, 2008 | 5.00% | 4.25% | cut -75 bp |
| Nov 7, 2008 | 4.25% | 4.00% | cut -25 bp |
| Dec 11, 2008 | 4.00% | 3.00% | cut -100 bp |
Compared with other areas at the end of 2008
18%
17.75%
15%
13.75%
13%
11.5%
10.25%
10%
9.5%
9.25%
8.25%
8.25%
7%
6.5%
6.5%
5.5%
5.31%
5%
5%
4.25%
3.75%
3.75%
3.5%
3.25%
3%
3%
2.75%
2.5%
2.5%
2.5%
2.25%
2%
2%
1.5%
0.5%
0.5%
0.125%
0.1%
Year-end rate over time
3%
2.5%
3%
3.5%
3.25%
1%
0.5%
1.25%
1.75%
1.5%
1.25%
1.5%
2%
2.5%
2.75%
3.25%
2.5%
2%
3%
5%
4.5%
3.75%
3.25%
3.75%
4.25%
4%
5.25%
- 2000
- 2001
- 2002
- 2003
- 2004
- 2005
- 2006
- 2007
- 2008
- 2009
- 2010
- 2011
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
- 2023
- 2024
- 2025
- 2026
2008: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.