The Bank of Korea published its April 2025 interest rate statistics, showing month-on-month declines in average rates for both new deposits and new loans, alongside lower rates on outstanding balances. In April 2025, the average interest rate on new deposits was 2.71%, down 13 basis points from the previous month, while the average rate on outstanding deposit balances at end-April was 2.27%, down 3 basis points. The average interest rate on new loans was 4.19%, down 17 basis points, and the average rate on outstanding loan balances at end-April was 4.48%, down 7 basis points.
Bank of Korea 2025-05-27
Bank of Korea releases April 2025 interest rate data showing declines in deposit and loan rates
The Bank of Korea released April 2025 interest rate statistics, indicating declines in average rates for new deposits and loans, as well as outstanding balances. New deposit rates fell to 2.71%, and new loan rates decreased to 4.19%. Rates on outstanding deposit and loan balances also dropped to 2.27% and 4.48%, respectively.