<Anchor>
The Bank of Korea decides the base rate today (12th).
Raising is a standard fact and the key is how much it should be raised, but now the weight is being put on a 0.5% point increase.
If this happens, interest rates will rise to their highest level in 10 years.
By Kim Bum-joo, staff reporter.
<Reporter>
The Bank of Korea held the Monetary Policy Committee meeting this morning to decide the base rate again.
Today's meeting is most likely to raise rates by 0.5 percentage points.
Last week, the Financial Investment Association surveyed 100 bond experts, and found that only five people saw a 0.25 percentage point increase, and 89 expected a 0.5 percentage point increase.
The first reason for this prediction is the ongoing financial instability.
In a situation where the US raised the base interest rate 0.75 percentage points higher than ours, the won's value falls relatively, and the exchange rate and stock market are also affected.
Another big problem is that prices are not stable at home and abroad.
[Lee Chang-yong/President of the Bank of Korea (Last 7th, National Assembly): The Bank of Korea has raised the base rate by 2.0%p a total of 7 times since August last year. I think it is necessary to go out.]
If the 0.5 percentage point increase becomes a reality, the base rate will rise to 3% for the first time in 10 years.
As the interest on loans will rise accordingly, the burden on the common people and businesses who are in debt will increase, which is expected to have a significant impact on the economy.