Central Bank RatesSouth Korea policy rate in 2020 (2 changes)
Start of year1.25%
End of year0.50%Dec 31, 2020
Net change-75 bp0 hikes, 2 cuts
Average0.702%
Rank by level21 / 38
Changes in 2020
| Date | From | To | Change |
|---|---|---|---|
| Mar 17, 2020 | 1.25% | 0.75% | cut -50 bp |
| May 28, 2020 | 0.75% | 0.50% | cut -25 bp |
Compared with other areas at the end of 2020
17%
4.25%
4.25%
4%
3.85%
3.75%
3.5%
2%
2%
1.75%
1.75%
1.5%
1.5%
1.5%
1.5%
1%
1%
0.75%
0.6%
0.5%
0.5%
0.5%
0.5%
0.25%
0.25%
0.25%
0.25%
0.125%
0.1%
0.1%
0.1%
0.1%
0%
0%
0%
-0.1%
-0.6%
-0.75%
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
2020: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.