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Professional analysis of central bank decisions

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Back to Economic Calendar

Interest Rate Decision

KR

Key Values

Actual
3
Forecast
3
Previous
2.75

About This Indicator

Description

The announcement by a central bank regarding the short-term interest rate at which it lends to commercial banks. This is the primary tool of monetary policy used to control inflation and stabilize the national economy. Changes in interest rates influence borrowing costs for consumers and businesses, affecting overall spending and investment levels.

Methodology

Determined by the central bank's governing board after reviewing comprehensive economic data, including inflation trends, GDP growth, and employment figures. The decision is based on the bank's mandate to maintain price stability and support economic growth.

Source: Bank of Korea

Full History

Historical Data
View data as table
DateActualForecastSurprise
Aug 27, 20263.003.000.00
Jul 16, 20262.752.750.00
May 28, 20262.502.500.00
Apr 10, 20262.502.500.00
Feb 26, 20262.502.500.00
Jan 15, 20262.502.500.00
Nov 27, 20252.502.500.00
Oct 23, 20252.502.500.00
Aug 28, 20252.502.500.00
Jul 10, 20252.502.500.00
May 29, 20252.502.500.00
Apr 17, 20252.752.750.00
Feb 25, 20252.752.750.00
Jan 16, 20253.002.75+0.25
Nov 28, 20243.003.25-0.25
Oct 11, 20243.253.250.00
Aug 22, 20243.503.500.00
Jul 11, 20243.503.500.00
May 23, 20243.503.500.00
Apr 12, 20243.503.500.00
Feb 22, 20243.503.500.00
Jan 11, 20243.503.500.00
Nov 30, 20233.503.500.00
Oct 19, 20233.503.500.00
Aug 24, 20233.503.500.00
Jul 13, 20233.503.500.00
May 25, 20233.503.500.00
Apr 11, 20233.503.500.00
Feb 23, 20233.503.500.00
Jan 13, 20233.503.500.00
Nov 24, 20223.253.250.00
Oct 12, 20223.003.000.00
Aug 25, 20222.502.500.00
Jul 13, 20222.252.250.00
May 26, 20221.751.750.00
Apr 14, 20221.501.25+0.25
Feb 24, 20221.251.250.00
Jan 14, 20221.251.250.00
Nov 25, 20211.001.000.00
Oct 12, 20210.750.750.00

Statistics

Mean
2.84
Std Deviation
0.65
Trend
Rising
Forecast Accuracy
92.5%
Data Points
127
YoY
+0.50