Short-term interest rate (per cent) - Korea - OECD - Monthly
This series is part of the dataset: OECD interest rates
Download Full Dataset (.xlsx)Latest updates. In Korea, the short-term interest rate stood at 2.97 per cent in August 2026, compared to 2.91 in July 2026.
Sample. There are 428 observations overall in the monthly time series displayed in the chart above. The series covers the span of time stretching from January 1991 to August 2026.
History. Here are a few summary statistics computed on the entire sample: the interest rate peaked at 23.10 per cent in January 1998; it hit a trough of 0.63 in September 2020; it was equal on average to 5.85.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-06-30 | 2.91 |
| 2026-07-31 | 2.91 |
| 2026-08-31 | 2.97 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Short-term interest rate |
| Country | Korea |
| Economic concept | Interest rate |
| Data type | Annual interest rate |
| Seasonally adjusted | No |
| Deflation method | Not applicable |
| Rescaling | None |
| Measure type | Level |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | OECD |
| Source type | International organization |
| Data licence | Redistributable with citation |
| Other information | Short-term interest rates are the rates at which short-term borrowings are effected between financial institutions or the rate at which short-term government paper is issued or traded in the market. |
| FSR temporal aggregation code | LM1 |
Series in the same data set
Discover the other time series included in this data set.