The Bank of Korea released its February 2026 monetary and financial statistics on weighted average interest rates at commercial and specialized banks, showing small month-on-month increases in rates on newly agreed deposits and loans. The average interest rate on new deposits rose 5 basis points to 2.83%, while the rate on outstanding deposits at end-February was unchanged at 2.01%. The average interest rate on new loans increased 2 basis points to 4.26%, and the rate on outstanding loans rose 2 basis points to 4.27%. Within new lending, corporate loan rates increased to 4.20%, including 4.13% for large corporations and 4.28% for small and medium-sized enterprises, while the household sector rate fell to 4.45%. The February figures are preliminary and may be revised if underlying data are updated or compilation standards change.
Bank of Korea publishes February 2026 interest rate statistics showing new deposit rate up to 2.83% and new loan rate up to 4.26%
The Bank of Korea published preliminary February 2026 monetary and financial statistics showing small month-on-month increases in weighted average interest rates on newly agreed deposits and loans at commercial and specialized banks. The average rate on new deposits rose 5 basis points to 2.83%, while new loan rates increased 2 basis points to 4.26%, with corporate loan rates up to 4.20% and household loan rates down to 4.45%.