Risk and sentiment
Korea CD 91D Rate
The 91-day certificate of deposit rate. It represents banks' short-term funding cost and still serves as the reference rate for some loan products, a channel through which market rates reach borrowers.
Korea CD 91D Rate latest observations
- Observed
- 2026-10-27
- Latest
- 3.27 %
- Change from previous
- ▲ +0.01 pp
Check the observation dates in both the summary and chart; release and refresh times can differ.
At a glance
Korea CD 91D Rate: latest value and prior change
As of 2026-10-27, Korea CD 91D Rate is 3.27 %. It is 0.01 pp higher than 3.26 % on 2026-10-26.
Within the default comparison window of 1,000 observations from 2022-09-27 to 2026-10-27, the latest value is at the tie-adjusted 45th percentile. Available history covers 1995-01-03 to 2026-10-27 with 8,075 observations.
- Observed on
- Default comparison window
- 2022-09-27–2026-10-27
- Observations · observed cadence
- 1,000 · Daily
- Data source
- Bank of Korea ECOS
A high or low percentile does not by itself make the indicator positive, negative, or a buy or sell signal.
2026-07-29 → 2026-10-27 · %
- First
- 2.92 %
- 2026-07-29
- Latest
- 3.27 %
- 2026-10-27
- Window low
- 2.92 %
- 2026-07-29
- Window high
- 3.27 %
- 2026-10-27
The horizontal axis follows observation order; calendar intervals may differ. High and low refer to observed values within this window, not intraday or all-time extremes. Ties show the first observation date.
Time-series chart
Korea CD 91D Rate
1995-01-03–2026-10-27
Long-history series are stored as real provider observations. Index, FX, VIX, and ratio charts use historical backfill where providers expose it; Korean investor flow and margin-credit feeds expand as stable historical endpoints become available.
Recent observations and calculated changes
The ten latest chart observations. Change subtracts the previous observation; intervals vary with holidays, release schedules and missing data. A difference in rates or ratios is not an investment return.
| Observed | Value | Previous date | Difference (current − previous) |
|---|---|---|---|
| 2026-10-27 | 3.27 % | 2026-10-26 | 0.01 %p |
| 2026-10-26 | 3.26 % | 2026-10-23 | 0.00 %p |
| 2026-10-23 | 3.26 % | 2026-10-22 | 0.00 %p |
| 2026-10-22 | 3.26 % | 2026-10-21 | 0.00 %p |
| 2026-10-21 | 3.26 % | 2026-10-20 | 0.00 %p |
| 2026-10-20 | 3.26 % | 2026-10-19 | 0.01 %p |
| 2026-10-19 | 3.25 % | 2026-10-16 | 0.00 %p |
| 2026-10-16 | 3.25 % | 2026-10-15 | 0.00 %p |
| 2026-10-15 | 3.25 % | 2026-10-14 | 0.00 %p |
| 2026-10-14 | 3.25 % | 2026-10-13 | 0.01 %p |
Source: Bank of Korea ECOS
Interpretation guide
The CD 91-day rate: bank funding costs and the benchmark for floating-rate loans
The Korea CD 91D Rate is the secondary-market yield on 91-day negotiable certificates of deposit issued by banks, published by the Korea Financial Investment Association. It measures banks' short-term funding cost and has long served as the reference rate for floating-rate loans and rate derivatives, so its moves feed straight into household and corporate interest burdens.
What this rate prices
The CD rate is the market price of three-month bank funding. It combines policy-rate expectations with bank-sector funding demand and credit conditions, reflecting both at once.
- When hike expectations build, the CD rate tends to rise ahead of the actual policy move.
- A widening spread over the BOK Base Rate indicates tightening bank funding conditions.
- Deposit competition or regulatory-ratio management can lift CD issuance and push the rate higher.
Transmission to households and firms
The 91-day CD rate is one of the main references for floating-rate mortgages and corporate loans. When it rises, debt-service costs follow with a lag, squeezing consumption capacity and property demand.
- During CD-rate upswings, track whether Korea Housing Loans YoY starts to decelerate.
- Higher interest burdens are a headwind for domestic consumer names but can lift bank net interest margins near term.
- Even after the rate turns down, loan repricing lags, so relief reaches borrowers late.
Indicators that sharpen the read
On its own, a rising CD rate cannot tell you whether the driver is policy expectations or bank stress. Its position relative to neighboring short rates settles the question.
- If the Korea Call Rate is stable while the CD rate climbs, suspect bank-specific funding demand.
- A narrowing or inverted gap versus the Korea CP 91D Rate calls for a broader credit-market reassessment.
- In periods of thin CD issuance, the posted rate can lose representativeness — weigh it accordingly.