The Bank of Korea published its March 2026 weighted-average interest rate statistics for commercial and specialized banks, indicating a marginal decline in deposit rates and a sharper drop in the average rate on new lending. In March, the average interest rate on new deposits was 2.82% (down 1 basis point month on month) and the average rate on outstanding deposits at end-March was 2.00% (down 1 basis point). The average interest rate on new loans fell to 4.20% (down 6 basis points), while the average rate on outstanding loans was unchanged at 4.27%. By sector, the new loan rate for corporates declined to 4.14% (with small and medium-sized enterprises down 11 basis points to 4.17% and large corporates down 2 basis points to 4.11%), while the household new loan rate rose 6 basis points to 4.51%. The Bank of Korea noted that current-month figures are preliminary and may be revised if underlying data are updated or compilation standards change.
Bank of Korea 2026-04-28
Bank of Korea releases March 2026 bank interest rate statistics showing new deposit rates at 2.82% and new loan rates at 4.20%
The Bank of Korea published March 2026 weighted-average interest rate statistics showing a marginal decline in deposit rates and a sharper fall in average rates on new lending. New deposit rates edged down to 2.82% and new loan rates fell to 4.20%, with corporate new loan rates declining to 4.14% and household new loan rates rising to 4.51%. The figures are preliminary and may be revised.