◀Anchor▶
The Bank of Korea cut the benchmark interest rate seven times in a row. I uploaded it.
However, the bank’s interest rate Instead, it goes down.
This is a phenomenon that happened when the government put pressure on the financial sector, so what will happen to interest rates in the future?
Reporter Shim Byeong-cheol covered the story.
◀Reporter▶
DGB Daegu Bank will open on January 30th. The five-year fixed rate mortgage rate will be reduced by 0.2 percentage points to between 4.95% and 5.45% per annum.
Up to 4.85% per annum for face-to-face loans decreases, and the variable interest rate is also 5.7% to 6.2% per annum level down.
From December 19, 2022 5 year fixed mortgage rate Compared to the 5.94% to 6.44% It decreases by 0.99 percentage points.
The floating interest rate is also 6.49% to 6.99% at the same time and In comparison, it decreases by 0.79 percentage points.
◀Kang Mun-seong, DGB Bank Daegu Personal Loan Planning Department Team Leader ▶
“If the inflation rate continues despite the increase in the base rate, the interest rate applied to customers will inevitably rise, so even if we have to pay a little more, we will reduce the spread.…”
According to the financial sector, mortgage loans KB Kookmin and Shinhan, Hana, Woori and NH Nonghyup Banks from January 25. The variable interest rate ranges from 4.56% to 7.13% per annum.
Compared to the annual rate of 5.08-8.11% at the start of this month, It fell by up to 0.98 percentage points in two weeks.
As the government intervenes to lower lending rates, this phenomenon is the standard for banks to set interest rates. This is because COFIX interest rates are falling.
◀Ahn Bong-ju, Head of Planning and Finance Team, Daegu-Gyeongbuk Headquarters, Bank of Korea ▶
“Recently, due to the financial authorities’ recommendation to refrain from raising, the deposit interest rate, which banks have charged competitively until now, has started to fall…”
On January 13, the Bank of Korea lowered its benchmark interest rate. It was raised from 3.25% per annum to 3.5%.
Economic conditions such as prices, growth, finance, and the foreign exchange market If there is no material change, the base rate will be The Bank of Korea said it could be maintained at a similar level. explained.
◀Ahn Bong-ju, Head of Planning and Finance Team, Daegu-Gyeongbuk Headquarters, Bank of Korea ▶
“If those conditions hold, interest rates (are likely to be maintained) at their current levels. Even if it does rise, you can anticipate that it will not be considered at 25 basis points (0.25 percentage points).”
An important variable for maintaining the base rate is whether or not the US central bank, the Federal Reserve, will raise interest rates.
There are recent forecasts that the US Federal Reserve will lower its benchmark interest rate hike next month from 0.5 percentage points to 0.25 percentage points and will also begin discussions on preventing interest rate hikes.
In addition, there are signs that inflation is easing due to growing concerns about a global economic slowdown, and the drive for raising interest rates is weakening.
Attention is focused on whether the trend in the global financial market, where changes are being detected, can lead to a reduction in interest rates in the domestic banking sector, which has risen dramatically.
This is Shim Byung-chul from MBC News.
(Video broadcast Kim Kyung-wan, CG Kim Hyun-joo)
