Lee Chang-yong points out that interest rate cuts are not effective, saying, "Madam, it's hard." [Anchor Report]

The Bank of Korea cut its key interest rate by 0.25 percentage point last week, but bank mortgage rates are rising.

All four major commercial banks' mortgage rates have risen compared to a month ago.

The reason why the mortgage rate has risen even though the base rate has been lowered can be found in the bank bond rate.

It jumped from 3.161% last month to 3.319% this month.

Interest rates on domestic bank bonds are also affected by the U.S. central bank's monetary policy.

Recently, as the U.S. job market has been good and prices have risen again, there have been concerns that the U.S. Fed will lower its key interest rate more slowly than expected.

This is what influenced the rise in interest rates on domestic bank bonds.

The reason why banks raised the additional interest rate on loans to manage household loans is also cited as the reason for the rise in the interest rate on mortgage loans.

In the meantime, the National Audit of the Bank of Korea criticized that the timing of the rate cut was too late to have any effect on the cut.