Historical Base Rates of the Bank of Korea

The Bank of Korea used the call rate as its base rate(policy interest rate) until February 2008. Since then, it has adopted the 7-day RP rate as its base rate.

Click each Rate to see the official announcement.

Recent Base Rates

3.00%

2.00%

◈ 2.50%Jul 25◈ 2.50%Aug 25◈ 2.50%Oct 25◈ 2.50%Nov 25◈ 2.50%Jan 26◈ 2.50%Feb 26◈ 2.50%Apr 26◈ 2.50%May 26◈ 2.75%Jul 26◈ 3.00%Aug 26

• DateRateChange (%p)
• 2026-08-273.00%+0.25
• 2026-07-162.75%+0.25
• 2026-05-282.50%–
• 2026-04-102.50%–
• 2026-02-262.50%–
• 2026-01-152.50%–
• 2025-11-272.50%–
• 2025-10-232.50%–
• 2025-08-282.50%–
• 2025-07-102.50%

Source

• The Bank of Korea