June Household and Corporate Loan Interest Rates Soar... Credit Loans Up 0.06%P
Bank of Korea to Announce 'Weighted Average Interest Rate of Financial Institutions for June' on the 29th
[Asia Economy Reporter Jang Sehee] Both household and corporate loan interest rates rose in June.
On the 29th, the Bank of Korea announced through the 'Weighted Average Interest Rates of Financial Institutions in June 2021' data that the household loan interest rate of deposit banks last month was 2.92%, up 0.03 percentage points from the previous month (2.89%).
The mortgage loan interest rate increased by 0.05 percentage points to 2.74% from 2.69% in the previous month. The general credit loan interest rate also rose by 0.06 percentage points to 3.75% from 3.69% in the previous month.
The corporate loan interest rate rose by 0.05 percentage points to 2.72% from 2.67% in the previous month. Large corporations and small and medium enterprises increased by 0.11 percentage points and 0.02 percentage points, respectively.
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Meanwhile, the interest rate on savings deposits based on new transactions in June rose by 0.11 percentage points to 0.92% from 0.83% in the previous month.
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