Interest rate cuts
Korea JoongAng Daily

Home > Business > Economy

print dictionary print
Published: 11 Jan. 2023, 19:33

Interest rate cuts

Saving banks are cutting their interest rates below 5.5 percent for fixed deposits following similar moves by commercial banks. A sign in a bank in Seoul shows its deposit offerings on Wednesday. [YONHAP]

Saving banks are cutting their interest rates below 5.5 percent for fixed deposits following similar moves by commercial banks. A sign in a bank in Seoul shows its deposit offerings on Wednesday. [YONHAP]

 
 

BY SEO JI-EUN [seo.jieun1@joongang.co.kr]
tags Korea bank interest rate deposit

More in Economy

Yen drops to weakest level against the dollar since June 1990

GDP rises 1.3% on recovery in exports, construction investment

'Textbook return to growth': Korea's Q1 GDP surges beyond expectations

Korea's economy beats forecast to grow 1.3 percent in Q1

Korean newborns hit record low in February, data show

Related Stories

Reasonable rates

Jeonse loan rates break 7 percent for floating-rate borrowings

In volatile markets, boring time deposits are in favor

Cofix, used to price mortgages, at decade high of 3.4%

Korean bank deposits jump, household loans fall as rates rise
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)