The benchmark interest rate has gone down, but the loan rate remains the same?... "It's a considerable amount of time to feel." [Anchor Report]

On the 11th, the Bank of Korea lowered its benchmark interest rate by 0.25%p for the first time in three years and two months.

However, there is a prospect that it will take a considerable amount of time to feel the rate cut at the bank window.

Let me find out why that's the case.

First of all, the market interest rate has already gone down even before the base rate was actually cut.

The market interest rate had already been lower than the base rate as expectations for a rate cut were ripe, with the U.S. Fed lowering its key interest rate by 0.5%p in September.

So, there is an analysis that the Bank of Korea's cut is also shelved in the market.

Another reason why banks can't cut market interest rates prematurely is household debt.

This is because financial authorities are pressuring the banking sector to manage household debt,

As household loans rose by KRW 9.7 trillion from the previous month to the highest level in three years and one month in August, the financial authorities increased the pressure to manage the total amount of household loans.

Then banks have managed the total amount of household debt by raising lending rates by raising the additional interest rate.

Even if the base rate falls, if this policy pressure continues, it is difficult for the loan rate to go down immediately.

Concerns have also grown that demand for loans could be concentrated in the second financial sector, which has a relatively low threshold, as banking regulations continue.

To prevent this, the financial authorities urgently convened officials such as insurance companies and savings banks tomorrow,
Apart from
, we are also considering reducing the loan limit by expanding the ratio of principal and interest to income, or DSR regulations.