Staff Reporter
,
South Korea
Photo by Sava Bobov via Unsplash.
However, the overall average of outstanding loans fell.
The average interest rate of new deposits in South Korea was 3.55% in May, rising 2 basis points (bp) compared to April.
The average interest rate on outstanding amounts of deposits was 2.63% in May, rising by 1bp.
For new loans, the average interest rate was 4.78%, also a 1bp rise.
The average interest rate of outstanding amounts of loans as of end-May was 5.01%, down 4bp from April.
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