<Anchor> This
is a friendly economic time.
Reporter Han Ji-yeon is also here today (the 12th).
The Bank of Korea will decide the base rate tomorrow.
Maybe a lot of weight is being put on the impression side?
<Reporter>
Yes, 99 out of 100 bond experts thought that the base rate would be raised.
There were also predictions of baby steps and giant steps as to how much to raise, but the most 64% chose the big step, which increased by 0.05 percentage points.
Investment companies have also predicted a big step in many places. If a big step is made, it will be the first time since the base interest rate was introduced in 1999.
The situation right now is good enough.
Last month, the inflation rate was 6%.
Yesterday, the won-dollar exchange rate was over 1,300 won again.
There is a forecast that it will go up to 1,350 won in the future, but if this happens, import prices may rise further.
Although it is an unavoidable choice to suppress inflation, concerns about an economic recession are also growing, so it is an observation that a 0.25% point increase in the Monetary Policy Committee meeting next month is likely.
<Anchor>
If the base interest rate rises, the loan interest rate will rise, but the deposit rate will also rise again.
<Reporter>
That's right.
You can easily find products that offer interest rates of 3% per annum for deposits and 5% per annum for savings accounts.
If the base rate rises tomorrow, it will not be reflected in the interest rates on deposits and savings accounts until next week.
It usually takes about a week, but they say it's a little shorter these days.
So, you can sign up for the receiving rate that reflects the base rate hike next Tuesday or so.
I also had a deposit that expired a few days ago.
I didn't re-deposit right away, but decided to pick it up next week.
<Anchor>
If you look at the recent trend related to interest rate hikes, the cycle for raising interest rates has been shortened quite a bit.
In the past, it was freeze, freeze, freeze, but these days, it keeps uploading every time the Monetary Policy Committee is opened.
Are there any financial products that reflect this situation?
<Reporter>
For those who are hesitant to move from time to time because of rising interest rates, we recommend a revolving term deposit that applies a periodically changed interest rate. You can choose a cycle from 1 month to 12 months.
In the future, the Monetary Policy Committee to set the base rate will be held three more times: next month, October, and November.
If you take this for too short a period, the basic interest rate is small, so you can set it carefully.
Therefore, if a special edition with a high interest rate is available for a short period of time, it is better not to hesitate and pick it up quickly.
<Anchor>
As the base rate rises, the deposit rate seems to rise as a whole, and specialized products seem to be coming out as you just explained.
<Reporter>
Yes, banks are advertising on a large scale to lower the loan interest rate and raise the receiving rate, but they are using a trick of adjusting the interest rate for each product.
First, it has been confirmed that the interest rate on long-term products for more than one year, when the deposit rate does not work well during the interest rate hike period, is raised while the interest rate is lowered for short-term deposits such as 1-month and 3-month maturities, where money is flowing during the interest rate hike period.
Loan interest rates are also pretending to be lowered now, but only some mortgage loans for low-credit people, who can't borrow money from banks anyway, slightly lowered the interest rates, while loans used by main customers actually raised interest rates.
It was decided to disclose the difference in the loan-to-deposit interest rate of all banks every month from next month, but it does not seem to be very effective if you use a trick for each product in this way.