Bank of Korea 26

Additional U.S. interest rate hike notice Korea interest rate freeze ‘rate inverted 2%’

The Bank of Korea will freeze the base rate at the current 3.50% per annum on the 23rd, and the US will raise the base rate at 4.75% by 0.25% points sequentially from March, May, and June, revealing the possibility of a rise to a maximum of 5.5%, revealed in the minutes of the Fed meeting. . In the minutes of the US Fed meeting released on the 23rd, the interest rate will rise twice by 0.25%, an..

경제 2023.02.23

Unemployment rate peaked at 3.3% in December last year Unemployment rate “increased” this year

Data from the National Statistical Office was released on the 11th, showing that the unemployment rate rose to the highest level in 11 months in December of last year and the annual employment growth rate was the smallest in 21 months. According to data from the National Statistical Office, the seasonally adjusted unemployment rate for December was 3.3%, up 0.4%p from November's 2.9%, the highes..

경제 2023.01.11

The US Federal Reserve adds interest rates higher than 4.6%, the Bank of Korea 'prediction error'

Fed Chairman Powell announced at a press conference that he would raise interest rates by more than 4.6% next year, following a 0.75% rate hike. The Bank of Korea's New York office has predicted a '0.5% rate adjustment' from the November rate hike, and the forecast continues to be erroneous. "If we don't control inflation because we're not tightening enough, now we're in a situation where inflat..

경제 2022.11.03

Chang-Yong Lee ‘Korea’s Emerging Countries’ in the U.S. ‘Ninth Financial Powerhouse’ in Korea

Lee Chang-yong, Governor of the Bank of Korea, announced it as a 'Korea Emerging Countries' at a US Fed Symposium, and differently revealed it as a '9th largest financial powerhouse' at a meeting of the Monetary Policy Committee of the Bank of Koreaㅣ At the US Federal Reserve Symposium on the 27th, President Lee said, "It is true that it is technically very difficult to create a basic scenario a..

경제 2022.08.28

Bank of Korea ‘More than 6% for the time being’ Vs Choo Kyung-ho ‘September-October peak’

Regarding inflation, the Bank of Korea said that it will “continue to rise more than 6% for the time being”, while Deputy Prime Minister Choo Kyung-ho announced the “peak in September and October” respectively. Lee Hwan-seok, Deputy Governor of the Bank of Korea, said, "The rate of increase in the consumer price index has been in the 6% range since June, and it is in line with the expectations o..

카테고리 없음 2022.08.02

Bank of Korea’s ‘inflation rate of 7% in July’ foreign exchange reserves decreased by US$9.4 billion in June

Inflation rises to 0.65% every month, rising from 6% in June to 7% in July and August. If you include the cost of owning a house like in the United States, it is expected to rise by around 10%. Foreign exchange reserves also fell to $438.28 billion as of June, down $9.43 billion from $447.71 billion at the end of the previous month. On the 1st, the government stimulated the consumer price increa..

카테고리 없음 2022.07.05

Imports surged by 32%, worsened inflation, World Bank 'slumped growth, long-term low growth'

The rapid increase in imports Inflation is exacerbated by the government's stimulus policy, and the World Bank has diagnosed the slow growth as a prolonged period with the growth rate halving this year compared to the previous year. In May, Korea's imports ($63.2 billion) surged 32% compared to the previous year, surpassing exports ($61.5 billion). The trade deficit was estimated at $2.5 billion..

카테고리 없음 2022.06.08

Growth plunged in 1Q, Bank of Korea 'Strong U.S. tightening in May' industrial restructuring

The Bank of Korea (BOK) raised the US interest rate in May and announced industrial restructuring with a $95 billion tightening diagnosis in August due to strong austerity in the sale of mortgage-backed securities (MBS) in the second half of the year. The Wall Street Journal predicted on the 25th that, according to an expert survey, Korea's GDP growth rate in the first quarter was 0.6% compared ..

카테고리 없음 2022.04.25

Lee Chang-yong Low interest rate growth government ‘support’ Household debt ‘subordinated’

Candidate Chang-yong Lee for the governor of the Bank of Korea announced on the 1st that it was a ‘sub-priority’ in consultation with the Financial Services Commission for ‘mid- and long-term’ household debt through an interest rate reversal policy in ‘support through coordination’ of government growth by maintaining low interest rates. Candidate Lee told reporters on the first day of work, "The..

카테고리 없음 2022.04.01