In January 2024, the base rate of South Korea's central bank rose to 3.5 percent. In the wake of the COVID-19 pandemic, the Bank of Korea had lowered the base rate to a record low after cutting it from 1.25 percent to 0.5 percent in May 2020. The rate has risen since then.
Base rate trend of the Bank of Korea from July 2012 to July 2024
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Base rate
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Bank of Korea. (July 4, 2024). Base rate trend of the Bank of Korea from July 2012 to July 2024 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1235224/south-korea-central-bank-base-rate/
Bank of Korea. "Base rate trend of the Bank of Korea from July 2012 to July 2024." Chart. July 4, 2024. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1235224/south-korea-central-bank-base-rate/
Bank of Korea. (2024). Base rate trend of the Bank of Korea from July 2012 to July 2024. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1235224/south-korea-central-bank-base-rate/
Bank of Korea. "Base Rate Trend of The Bank of Korea from July 2012 to July 2024." Statista, Statista Inc., 4 Jul 2024, https://www.statista.com/statistics/1235224/south-korea-central-bank-base-rate/
Bank of Korea, Base rate trend of the Bank of Korea from July 2012 to July 2024 Statista, https://www.statista.com/statistics/1235224/south-korea-central-bank-base-rate/ (last visited September 01, 2024)
Base rate trend of the Bank of Korea from July 2012 to July 2024 [Graph], Bank of Korea, July 4, 2024. [Online]. Available: https://www.statista.com/statistics/1235224/south-korea-central-bank-base-rate/