The Bank of Korea published its March 2026 weighted-average interest rate statistics for commercial and specialized banks, indicating a marginal decline in deposit rates and a sharper drop in the average rate on new lending. In March, the average interest rate on new deposits was 2.82% (down 1 basis point month on month) and the average rate on outstanding deposits at end-March was 2.00% (down 1 basis point). The average interest rate on new loans fell to 4.20% (down 6 basis points), while the average rate on outstanding loans was unchanged at 4.27%. By sector, the new loan rate for corporates declined to 4.14% (with small and medium-sized enterprises down 11 basis points to 4.17% and large corporates down 2 basis points to 4.11%), while the household new loan rate rose 6 basis points to 4.51%. The Bank of Korea noted that current-month figures are preliminary and may be revised if underlying data are updated or compilation standards change.
Bank of Korea releases March 2026 bank interest rate statistics showing new deposit rates at 2.82% and new loan rates at 4.20%
The Bank of Korea published March 2026 weighted-average interest rate statistics showing a marginal decline in deposit rates and a sharper fall in average rates on new lending. New deposit rates edged down to 2.82% and new loan rates fell to 4.20%, with corporate new loan rates declining to 4.14% and household new loan rates rising to 4.51%. The figures are preliminary and may be revised.