Bank of Korea Interest Rates: January 2015
□ In January 2015, the average interest rate on new deposits was 2.09%, down 7 basis point from December 2014.
― The average interest rate on outstanding amounts of deposits as of end-January stood at 1.88%, down 4 basis points from the previous month.
□ In January 2015, the average interest rate on new loans registered 3.90%, down 1 basis point from December 2014.
― The average interest rate on outstanding amounts of loans as of end-January was 4.17%, down 4 basis points from the preceding month
※ Further statistics may be found at the Bank of Korea’s Economic Statistics System website (http://ecos.bok.or.kr/).
Notes to interest rates statistics
□ The interest rates on outstanding deposits/loans are weighted averages of the interest rates applied to the stock of all deposits/loans as of the end of the month.
― These statistics give information about changes in the interest rate margins and profitability of banks, as well as the amount of interest paid or received by households and corporations.
□ The interest rates on new deposits/loans are weighted averages of the interest rates specified in new agreements during the reference month.
― These statistics show the current lending and deposit interest rates faced by households and corporations, which provide useful information for customers in making financial decisions.
Source: Bank of Korea
