<Anchor> This
is a friendly economic time.
Today (the 14th) I will be with reporter Han Ji-yeon.
I can't not talk about the stock market today.
Yesterday the KOSPI fell a lot.
How do you feel today?
<Reporter>
Yes, I think the Donghak ants were stressed out a lot yesterday, but unfortunately, the possibility of dropping to 2,400 in the future should be left open.
Seohak ants must have been unable to sleep at night, too, but if you look at the New York Stock Exchange that just closed, it fell more than 5% last week, and it showed a sharp decline today.
The Dow fell 2.79%, the S&P 500 fell 3.79% and the Nasdaq fell 4.68%.
The US consumer price index, announced last weekend, rose 8.6% in May from a year earlier, the highest in 41 years.
It remains to be seen how much the Fed raises the key interest rate at the FOMC meeting today and tomorrow.
The result can be known around the morning of the day after tomorrow, and it was originally discussed over whether it was a big step or a baby step, and there is even talk of a giant step that raises 0.75% points.
If this happens, the US base rate, which is currently 1%, will be 1.75%, which will be the same as ours.
The Bank of Korea's concerns are also likely to grow.
<Anchor>
So, what the Bank of Korea is worried about is that to prevent foreign capital outflows, interest rates will have to be raised a little, and raising the interest rate means that huge household debt is a burden.
It's such a situation.
(The economy will also stagnate.) Then, in the end, the fact that we have no choice but to bear the burden of household debt should be interpreted that way because as interest rates rise, the number of borrowers increases.
<Reporter>
Yes, not only the ants but also the young people are worried now.
Now, the highest interest rate on home mortgage loans at commercial banks is approaching 7%, and if the US goes to a giant step, it is predicted that the era of the 8% interest rate for main loans will not be far away.
The highest interest rate for the four major commercial banks is currently 6.8%, which is close to his 7%, and it has risen really quickly.
The highest interest rate, which was in the 5% range at the end of last year, soared 1.17 percentage points in about half a year.
As for the interest rate on the Jeonse loan, the highest interest rate is 5.4%, which is about to enter the 6% range.
There was also an analysis that if the main loan interest rate rises to 7%, the monthly loan repayment amount of an 84 square meter apartment in Seoul will reach 2.91 million won.
The Bank of Korea said it was a reasonable expectation for the base rate to rise by 1 percentage point to 2.75% at the end of this year.
<Anchor>
It seems that household loans will be a burden on the economy during this period of interest rate hike, but from next month you will be able to receive more credit than now.
Then, household loans could increase as well.
<Reporter>
Last year, the financial authorities told banks to reduce the credit limit to the level of annual income in order to reduce household loans.
The release date is the 30th of this month, and we have decided not to extend the administrative guidance related to this.
Then, from the 1st of next month, you will be able to get credit loans up to 2-3 times your annual income as before the regulation was enforced. I see it.
However, with interest rates rising, there are concerns that household loan growth, which has slowed this year, will increase again.
<Anchor>
So, among the reasons for these concerns, such as rising interest rates, rising exchange rates, and falling stocks, the most important thing right now is price.
It's because prices are going up too much.
However, there is no sign of stabilization when prices fall a little bit.
Did the oil price exceed 2,070 won?
<Reporter>
Yes, in fact, it is energy prices that drive overall consumer prices.
So, you need to make an investment plan while watching the oil price. Oil prices are continuing to rise to the point where you don't know where the end is.
As of 6 p.m. yesterday, the national average price of gasoline rose by 5.7 won from the previous day to 2,74.3 won per liter.
Diesel rose by 6.9 won, surpassing the price of gasoline again to 2,74.89 won.
When I looked at the highest price, it was close to 3,000 won per liter.
Last month, the fuel tax was reduced by an additional fee, but there is no medicine at all.
Gasoline and diesel prices are hitting all-time highs every day, and it is expected to rise further in the future.
This is because the international diesel price rose by more than $10 per barrel only last week. Considering that international oil prices are reflected in domestic oil prices with a lag of 2-3 weeks, the price increase is expected to be larger next week or the following week.