Home Policy Interest rates

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.

Historical BOK Base rates by Year

2026

2026-01-15Bank of KoreaBOK[TBD]
2026-02-26Bank of KoreaBOK[TBD]
2026-04-10Bank of KoreaBOK[TBD]
2026-05-28Bank of KoreaBOK[TBD]
2026-07-16Bank of KoreaBOK[TBD]
2026-08-27Bank of KoreaBOK[TBD]
2026-10-22Bank of KoreaBOK[TBD]
2026-11-26Bank of KoreaBOK[TBD]

2025

2025-01-16Bank of KoreaBOK3.00%
2025-02-25Bank of KoreaBOK2.75%
2025-04-17Bank of KoreaBOK2.75%
2025-05-29Bank of KoreaBOK2.50%
2025-07-10Bank of KoreaBOK2.50%
2025-08-28Bank of KoreaBOK2.50%
2025-10-23Bank of KoreaBOK2.50%
2025-11-27Bank of KoreaBOK[TBD]

2024

2024-01-11Bank of KoreaBOK3.50%
2024-02-22Bank of KoreaBOK3.50%
2024-04-12Bank of KoreaBOK3.50%
2024-05-23Bank of KoreaBOK3.50%
2024-07-11Bank of KoreaBOK3.50%
2024-08-22Bank of KoreaBOK3.50%
2024-10-11Bank of KoreaBOK3.25%
2024-11-28Bank of KoreaBOK3.00%

2023

2023-01-13Bank of KoreaBOK3.50%
2023-02-23Bank of KoreaBOK3.50%
2023-04-11Bank of KoreaBOK3.50%
2023-05-25Bank of KoreaBOK3.50%
2023-07-13Bank of KoreaBOK3.50%
2023-08-24Bank of KoreaBOK3.50%
2023-10-19Bank of KoreaBOK3.50%
2023-11-30Bank of KoreaBOK3.50%

2022

2022-01-14Bank of KoreaBOK1.25%
2022-02-24Bank of KoreaBOK1.25%
2022-04-14Bank of KoreaBOK1.50%
2022-05-26Bank of KoreaBOK1.75%
2022-07-13Bank of KoreaBOK2.25%
2022-08-25Bank of KoreaBOK2.50%
2022-10-12Bank of KoreaBOK3.00%
2022-11-24Bank of KoreaBOK3.25%

2021

2021-01-15Bank of KoreaBOK0.50%
2021-02-25Bank of KoreaBOK0.50%
2021-04-15Bank of KoreaBOK0.50%
2021-05-27Bank of KoreaBOK0.50%
2021-07-15Bank of KoreaBOK0.50%
2021-08-26Bank of KoreaBOK0.75%
2021-10-12Bank of KoreaBOK0.75%
2021-11-25Bank of KoreaBOK1.00%

2020

2020-01-17Bank of KoreaBOK1.25%
2020-02-27Bank of KoreaBOK1.25%
2020-03-16Bank of KoreaBOK0.75%
2020-04-09Bank of KoreaBOK0.75%
2020-05-28Bank of KoreaBOK0.50%
2020-07-16Bank of KoreaBOK0.50%
2020-08-27Bank of KoreaBOK0.50%
2020-10-14Bank of KoreaBOK0.50%
2020-11-26Bank of KoreaBOK0.50%

2019

2019-01-24Bank of KoreaBOK1.75%
2019-02-28Bank of KoreaBOK1.75%
2019-04-18Bank of KoreaBOK1.75%
2019-05-31Bank of KoreaBOK1.75%
2019-07-18Bank of KoreaBOK1.50%
2019-08-30Bank of KoreaBOK1.50%
2019-10-16Bank of KoreaBOK1.25%
2019-11-29Bank of KoreaBOK1.25%

Link

The Bank of Korea