In October 2024, South Korea's central bank reduced the base rate to 3.25 percent. Following the COVID-19 pandemic, the Bank of Korea had previously lowered the base rate to a record low of 0.5 percent in May 2020, cutting it from 1.25 percent. Since then, the rate has gradually increased.
Base rate trend of the Bank of Korea from July 2012 to October 2024
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Bank of Korea. (October 30, 2024). Base rate trend of the Bank of Korea from July 2012 to October 2024 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1235224/south-korea-central-bank-base-rate/
Bank of Korea. "Base rate trend of the Bank of Korea from July 2012 to October 2024." Chart. October 30, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1235224/south-korea-central-bank-base-rate/
Bank of Korea. (2024). Base rate trend of the Bank of Korea from July 2012 to October 2024. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1235224/south-korea-central-bank-base-rate/
Bank of Korea. "Base Rate Trend of The Bank of Korea from July 2012 to October 2024." Statista, Statista Inc., 30 Oct 2024, https://www.statista.com/statistics/1235224/south-korea-central-bank-base-rate/
Bank of Korea, Base rate trend of the Bank of Korea from July 2012 to October 2024 Statista, https://www.statista.com/statistics/1235224/south-korea-central-bank-base-rate/ (last visited December 22, 2024)
Base rate trend of the Bank of Korea from July 2012 to October 2024 [Graph], Bank of Korea, October 30, 2024. [Online]. Available: https://www.statista.com/statistics/1235224/south-korea-central-bank-base-rate/
