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Korea's trade deficit presses interest rates on rising US inflation and unemployment

김종찬안보 2022. 1. 14. 14:45
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In the United States, the producer price index (PPI) rose 9.7% in December (compared to the previous year), and unemployment insurance claims in the first week of January increased by 23,000 from the previous week to 230,000.
The U.S. Department of Labor announced on the 12th that the consumer price index (CPI) for December last year was 7%, the highest since 1982.
The US CPI was 6.8% in November of last year, and has already hovered above 6% for three months in a row, close to fixed inflation.
Korea's import price growth rate (35.5%) in November surpassed the export price increase rate (25.5%) thanks to the government's export support. It's a million dollar deficit.
The Monetary Policy Committee of the Bank of Korea said on the 14th, "The consumer price inflation rate will exceed the November forecast and will continue to rise at the 3% level for a considerable period of time." The amendment raised the base interest rate to 1.25%.
Bloomberg reported on the 13th that the U.S. Federal Reserve (Fed) has said that it will raise interest rates up to four times this year.
Deputy Prime Minister Hong Nam-ki said on the 14th that the supplementary budget was “worth 14 trillion won” and “Most of the finances were to cover the issuance of deficit government bonds except for some funds.” confirmed
The US Nasdaq, which focuses on tech stocks sensitive to interest rates, closed 2.51% lower on the 13th.