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 3.17 per cent in September 2026, versus 2.97 in August 2026.
Sample. There are 429 observations overall in the monthly time series shown in the chart above. The series covers the time period extending from January 1991 to September 2026.
History. Have a look at a few summary statistics computed on the full sample: the interest rate had an average value of 5.84 per cent; it reached its minimum of 0.63 per cent in September 2020; it hit a maximum of 23.10 per cent in January 1998.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 2.91000 |
| 2026-08-31 | 2.97000 |
| 2026-09-30 | 3.17000 |
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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.