The Bank of Korea published its May 2025 interest rate statistics, showing a month-on-month decline in average rates for both new deposits and new loans. In May 2025, the average interest rate on new deposits was 2.63%, down 8 basis points from the previous month, while the average rate on new loans was 4.17%, down 2 basis points. On outstanding balances as of end-May, the average deposit rate was 2.23% (down 4 basis points) and the average loan rate was 4.42% (down 6 basis points).
Bank of Korea 2025-06-30
Bank of Korea releases May 2025 data showing lower average interest rates on new deposits and loans
The Bank of Korea's May 2025 interest rate statistics reveal a decline in average rates for new deposits and loans. New deposit rates fell to 2.63%, an 8 basis point decrease, while new loan rates dropped to 4.17%, a 2 basis point decrease. Rates on outstanding balances also decreased, with deposit rates at 2.23% and loan rates at 4.42%.