In the stock market, the Bank of Korea Financial and Monetary Committee observed that it is expected to freeze the standard interest rate at the current level of 0.5% per year throughout the year.
Yoon Yeo-sam, a researcher at Meritz Securities, said in a report released by the Financial Services Commission on the same day, “We will maintain the prospect of freezing the standard rate within the year.” “It was expected.
Researcher Yoon said, “Even if it is possible to raise interest rates faster than in the United States, the intensity or slope will be very gentle, so I think that it is not enough to worry about the continued rise in interest rates centered on long-term interests.”
Kang Seung-won, a researcher at NH Investment & Securities, predicted that the base rate freeze will continue this year.
Researcher Kang said, “Amid the rapid decline in the employment inducement coefficient of exports, large corporations account for only 11.4% of total employment. Considering the economic slowdown below the surface, it is difficult to discuss policy normalization even with the headline indicator improvement. It’s premature,” he analyzed.
Ahn Jae-gyun, a researcher at Korea Investment & Securities, said, “As the spread of the novel coronavirus infection (Corona 19) has increased the difficulties for the vulnerable, such as small business owners, and it is difficult to resolve short-term, it is not the time to consider normalizing various measures or adjusting the base rate. “It means that we will maintain the current monetary easing stance despite concerns over financial imbalances,” he explained.
Earlier, the BOK unanimously decided to maintain the standard interest rate at 0.5% per annum by opening the Financial Services Commission this morning.
/yunhap news
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