The Bank of Korea released its February 2026 monetary and financial statistics on weighted average interest rates at commercial and specialized banks, showing small month-on-month increases in rates on newly agreed deposits and loans. The average interest rate on new deposits rose 5 basis points to 2.83%, while the rate on outstanding deposits at end-February was unchanged at 2.01%. The average interest rate on new loans increased 2 basis points to 4.26%, and the rate on outstanding loans rose 2 basis points to 4.27%. Within new lending, corporate loan rates increased to 4.20%, including 4.13% for large corporations and 4.28% for small and medium-sized enterprises, while the household sector rate fell to 4.45%. The February figures are preliminary and may be revised if underlying data are updated or compilation standards change.
Bank of Korea 2026-03-27
Bank of Korea publishes February 2026 interest rate statistics showing new deposit rate up to 2.83% and new loan rate up to 4.26%
The Bank of Korea published preliminary February 2026 monetary and financial statistics showing small month-on-month increases in weighted average interest rates on newly agreed deposits and loans at commercial and specialized banks. The average rate on new deposits rose 5 basis points to 2.83%, while new loan rates increased 2 basis points to 4.26%, with corporate loan rates up to 4.20% and household loan rates down to 4.45%.