The Bank of Korea released its March 2025 interest rate statistics, showing month-on-month declines in average rates for both newly issued deposits and loans, alongside lower rates on outstanding balances. The average interest rate on new deposits was 2.84%, down 13 basis points from the previous month, while the average rate on outstanding deposit balances as of end-March was 2.30%, down 8 basis points. For loans, the average interest rate on new lending was 4.36%, down 10 basis points, and the average rate on outstanding loan balances as of end-March was 4.55%, down 7 basis points.
Bank of Korea 2025-04-30
Bank of Korea publishes March 2025 interest rate data showing lower rates on new deposits and loans
The Bank of Korea reported a decline in March 2025 interest rates, with new deposit rates falling to 2.84% and new loan rates to 4.36%. Rates on outstanding deposit and loan balances also decreased to 2.30% and 4.55%, respectively.