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Not only us, but also other countries, including the US and Europe, are seeing prices soaring steeply. There is also a movement to raise interest rates to catch inflation, but the authorities are deeply concerned about the speed.



Next is reporter Jo Ki-ho.



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In October, the US consumer price inflation rate was 6.2%, the highest level since 1990, and the European Union also saw the highest inflation rate since 1997, with inflation nearing 5% last month.



Demand is rising due to the economic recovery, but global supply shortages, rising energy and ash prices, and manpower shortages due to COVID-19 have raised prices.



Federal Reserve Chairman Powell, who has repeatedly said that "inflation is temporary," has also changed his stance.



[Jerome Powell/Federal Reserve Chairman (30th of last month): It is difficult to predict the continuity and effectiveness of supply constraints, but it appears that the factors driving inflation remain until next year.] The



US Fed's loosening of money in stages It is read as a will to advance the timing of the base rate hike beyond the reduction.



Contrary to the previous forecast of the second half of next year, there is a forecast that the timing of the rate hike will be pushed back to around March next year.



As the US interest rate hike can accelerate the outflow of domestic foreign funds, our monetary authorities have no choice but to narrow their options.



[Ha Jun-kyung/Professor of Economics, Hanyang University: The speed of normalization of the US monetary policy can be accelerated, and then Korea has no choice but to take that into account to some extent.

It seems that there is a possibility of raising (interest rates) in January of next year.]



However, the fact that the rapidly spreading Omicron mutation is increasing uncertainty in the global economy poses a dilemma for not only the Bank of Korea but also major countries to determine interest rates.



(Video editing: Jeon Min-gyu, CG: Jeong Hoe-yoon)



▶ 'Clothing, food, and clothing' are all up...

Highest rate of increase in consumer price in 10 years