【Anchorment】
Last month, interest rates on household loans rose for five consecutive months.
In particular, as the Bogeumjari Loan interest rate rose, the mortgage loan rate last month soared to the highest level in 1 year and 6 months.
It’s hard to beat.
【 reporter 】
Looking at the’weighted average interest rate for financial institutions’ announced by the Bank of Korea, the household loan interest rate based on the amount of new treatment last month rose 0.04 percentage points to 2.83%.
Household loan interest rates rose for five consecutive months after trough at 2.55% in August last year.
In particular, mortgage interest rates have soared to the highest level in 1 year and 6 months since July 2019.
【Telephone interview】 Team Leader Song Jae-chang / Bank of Korea Financial Statistics Team
“In the case of home mortgage loans, the Bogeumjari loan interest rate rose 10bp from the minimum interest rate to 2.25% from 2.15%. There was an effect of an increase in the interest rate. The interest rate for collective loans also rose 14bp, compared to last December. …”
The interest rate for corporate loans in January fell 0.04 percentage points to 2.69%.
In particular, the interest rate for large corporate loans fell 0.1 percentage point to the lowest level since the statistics were prepared in January 1996.
The credit loan interest rate, which recorded the largest increase in eight years, also fell 0.04 percentage points to 3.46%.
【Telephone interview】 Team Leader Song Jae-chang / Bank of Korea Financial Statistics Team
“(The decline in corporate loan interest rates) was affected by the decrease in market interest rates, and in January, it is believed to be the effect of a significant increase in loan handling to superior companies. In the case of general credit loans, some banks are used to borrowers such as soldiers, civil servants and teachers. It declined as loans to Korea increased.”
Deposit interest rates also fell and remained at the 0% level.
The average deposit bank’s savings-related interest rate fell 0.03 percentage points to 0.87%.
In the case of deposit rates at non-bank depository institutions, credit unions, mutual finance, and Saemaul Geumgo
Mutual savings banks fell.
In the case of loan interest rates for non-bank institutions, credit unions, mutual finance and Saemaul Geumgo fell, but only mutual savings banks rose.
This is Gyeongji Kang at TBS.
#Bank of Korea #Interest rate #Deposit #Loan #Household loan
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