<Anchor>

Monday is a friendly economy, Kwon Ae-ri reporter. Reporter Kwon, As the situation in Korea's Corona 19 changes rapidly, the forecast on the impact on our economy is changing day by day.

<Reporter>

Yes. In fact, even a week ago, Korea was domestic, but in the long run, I was more concerned about the impact of China on the corona.

But now it is time to be alert to the domestic situation. It was the first time in 10 years and three months since the swine flu in November 2009 that the infectious disease crisis alert was upgraded to the highest level.

In addition to delaying the opening of kindergartens, elementary, middle, and high schools nationwide on March 9, the Daegu area was advised not to serve meals at weddings and funerals.

The facilities that are confirmed to have been visited by the checkups are increasing all over the country and it will take too long to introduce each one.

If you are going to go to a large facility today (24th) is not closed, I recommend that you move.

As a result, the magnitude of the damage to our economy cannot be changed at this time. At first, Korea's base rate decision, which is scheduled this Thursday, is focused on how the results will come.

<Anchor>

Is interest rate still the lowest level ever?

<Reporter>

Yes. 1.25%. It has returned from October of last year to the lowest level that has been maintained for 18 months since June 2016.

If you lower your interest rate this time in order to lower your interest level to help your money turn around, you'll hit a record low.

If you are thinking about investing, lending, or saving in the future, this is one of the most important decisions you should follow this week.

It is a difficult homework. There is a real estate problem. Low interest rates are one of the biggest contributors to real estate overheating.

While strong real estate regulations are in place, most experts who evaluate them to be effective say that interest rates are at least not lower than they are now.

Second, the US interest rate is now 0.25 to 0.5 percentage points higher than ours. The financial market in Korea is quite big and stable, but it's already a bit burdensome to ask the money to travel around the world to stay in Korea instead of going to the US.

It's a New York stock market that's hitting all-time highs, but economically, the United States hasn't created a rate cut.

Third, in SARS and MERS, we cut the benchmark rate right away. By the way, SARS was down 4% and MERS down 1.5, but this time it is 1%.

Since low interest rates have been prolonged, we are concerned about the effectiveness of the economic rise due to interest rate cuts. The Bank of Korea has also addressed this concern.

Finally, on February 14, just ten days ago, the Bank of Korea noted the side effects of the cuts.

However, there is a concern that if the situation changes suddenly, a decision to cut in two weeks could give the market an unintended signal. Is it such a difficult situation?

In many ways, interest rate cuts are unlikely to respond to this corona variable. Thursday.

<Anchor>

It seems like the country needs to loose more money this year.

<Reporter>

Yes. This year, the budget is already 512 trillion won, nicknamed the 'super budget'.

So even after the corona variables have emerged this year, the government has made some consistently negative views about organizing additional funds, so that the country plans to spend more money.

However, the situation changed rapidly, and yesterday (23), the government, ruling party and Blue House officials met to discuss. The ruling party is calling for additional cardinal arrangements, but this is also a difficult decision.

There are some things to check on whether additional programming is possible right now or whether you need to watch more. This week, the government is primarily launching a stimulus package to deal with the Corona19 variable.

The main focus is on how to get started quickly in the short term without spending more money. The main reason is to reinvigorate the car's individual consumption tax cut after two months.

There are talks about deductions for some of the consumption-related taxes. We need to look into this as soon as it is confirmed.