Han Dong-hoon "welcomes as ruling party leader" on key rate cut

People's Power Han Dong-hoon said he welcomes the Bank of Korea's decision to lower its key interest rate by 0.25 percentage point as a member of the people and the ruling party's leader.CEO

wrote on his social media that he did not know what the U.S. Federal Open Market Committee (FOMC) would announce next month's benchmark interest rate, and that it would not have been an easy decision to cut the benchmark rate at a time when the unstable exchange rate and stock market continued after Trump's election.

He then pointed out that it is also necessary to cut lending rates given the excessively large loan-to-deposit margin and the resulting public burden.

He also stressed that a structural approach to increasing the potential growth rate in the long term is urgently needed, and that he will continue to think about population issues and quality jobs and work hard to keep pace with the AI revolution.