20-9  Official Interest Rates of Loans of Financial Institutions
							(%, p.a.)
Item	1998.7.1	1998.12.7	1999.6.10	2002.2.21	2004.10.29	2006.4.28	2006.8.19
	Jul. 1, 1998	Dec. 7, 1998	Jun. 10,1999	Feb.21,2002	Oct. 29,2004	Apr. 28, 2006	Aug. 19,2006
Short-term
6 Months	6.57①	6.12①	5.58②	5.04②	5.22③	5.40	5.58
1 Year	6.93①	6.39①	5.85②	5.31②	5.58③	5.85	6.12
Medium- and Long-term
3 Years or Less	7.11①	6.66①	5.94②	5.49②	5.76③	6.03	6.30
5 Years or Less	7.65①	7.20①	6.03②	5.58②	5.85③	6.12	6.48
Longer than 5 Years	8.01①	7.56①	6.21②	5.76②	6.12③	6.39	6.84
a) ① As of November 1998, the lending rate for small-sized enterprises could be 20% higher than nominal interest rates, and the lending rate for
medium and large-sized enterprises could be 10% higher than nominal interest rates. For all financial institutions, the lending rate could be 10%
lower than nominal interest rates, while, for rural credit cooperatives, the lending rate could be 50% higher than nominal interest rates.
b) ② As of September 1999, the lending rate for medium and small-sized enterprises could be 30% higher than nominal interest rates; for large-sized
enterprises, the lending rate could be as much as 10% higher than nominal interest rates. For all financial institutions, the lending rate could be 10%
lower than nominal interest rates.
c) ③ No ceiling is imposed on the landing rates of financial institutions (excluding urban and rural credit cooperatives). The upper limit of lending rates
for urban and rural credit cooperatives was raised to 2.3 times of the benchmark rate, while the floor rate remained unchanged.