-- South Korea's bank deposit rates declined in March while borrowing costs also continued to decrease, the Bank of Korea said Tuesday.
The average interest rate on new deposits fell one basis point to 2.82% from the previous month, while rates on outstanding deposits also shed one basis point to 2%.
New loan rates declined six basis points from the previous month to 4.20%, and the average rate on outstanding loans was unchanged at 4.27% at the end of March.