<Anchor>

Kwon Ae-ri, a friendly economy reporter on Thursday. Reporter Kwon yesterday (4th), starting with the United States, many countries around the world are cutting rates.

<Reporter>

And yesterday, yesterday wasn't the day the US originally wanted to determine interest rates. In Korea, the United States, and annually, the interest rate is decided at meetings that have been announced ahead of time.

The original US interest rate decision was scheduled for 18 days. But yesterday morning, a surprise cut was made.

This is the first time since the 2008 financial crisis that the US has gone out of plan and urgently lowered interest rates. Besides, I moved two stairs at once.

It's a step that moves by 0.25 percentage points, down 0.5 percentage points. This was the first time since the financial crisis. The central bank's interest rate decision was originally very prudent.

Even if the game wasn't as good as it could, hesitated to drop 0.25 percentage points one step and weighed several possibilities at the same time, making a much-than-expected cut.

In addition, the original rate planner did not actually have much left over. Two weeks later. But now I make an emergency cut. That's a sign that the US is about to cut interest rates once again on March 18.

Right now, President Trump has ordered another rate cut as soon as the Fed cuts this surprise. Doing so would cause interest rates in the world's largest economy, the US, to drop by at least 0.75 percentage points at the same time for two weeks.

<Anchor>

Yes. Since the US came out like this, could Korea lower the interest rate immediately?

<Reporter>

Yes. That's right. We originally do not have a regular meeting of the Monetary Commission on Monetary Fees this month. The 9th of next month is the meeting. One more month left.

The rate was frozen last Thursday, so it's only been a week. So, yesterday, when we saw America's move, the question began to arise whether we had no plans to go ahead.

Korea urgently lowered interest rates during the unplanned period of time, as the US did yesterday in 2001, when the so-called bubble bursts, and in 2008 during the financial crisis.

The Bank of Korea yesterday saw the US rate cut decision and held a meeting. After the meeting, Lee said it was difficult to predict now that the governor will make an unprecedented interest rate decision in March.

It doesn't completely block the possibilities. Even if the interest rate decision is made in April as originally planned, it is almost certain to make the decision.

Yesterday, the interest rate reversal between the US and Korea, where our interest rates were higher than the US, was resolved. One of the biggest factors that made the Bank of Korea burdened to cut interest rates last week was dim yesterday.

In addition, we are one of the countries in the world that will be hit hardest by the Corona 19.

That's why the April price cut is certain, and there's an atmosphere to make another early cut that wasn't scheduled.

<Anchor>

Do I have to borrow and wait for consumers who have to save or save? What should I do?

<Reporter>

Let's see if we can cut our interest rates and make early cuts. In fact, it was a really tricky atmosphere. At least a week or so it's good to see how the financial markets react.

Yesterday our stocks rose and today the New York stocks gained a lot, but yesterday the US stocks fell shortly after a full-blown US interest rate cut yesterday.

The signal that money is easier to buy was quite different from the usual US stock market that has reacted almost mechanically.

I think there were two factors that conflict with each other. First of all, there is a view that the anxiety is raised. "Is Corona 19 that much?" This is it.

Is it the level of the financial crisis that has been the biggest global economic crisis in the past two decades, or is it too much to push President Trump's reelection this year to let the stock market fall?

And the interest rate decision was originally made by the central bank, but why was the timing of the surprise cut yesterday when the US opposition Democratic presidential candidate was supposed to come out, and the interest rate was lowered in advance? If the situation worsens, what kind of measures would the United States then use?

Conversely, the market was disappointed when the US Fed only lowered interest rates yesterday and said it had no plans to print more money.

Anyway, we, the United States, and the interest rate are sure to be on the way to zero. If you have to make a financial decision, watch and judge how the global financial markets, including us, will accept this atmosphere at least a week later. It seems to be safer.