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Economy

The economic schedule is tight..."Don't put pressure on the top of the list".

2025.01.07 AM 05:00
[Anchor]
There are a series of schedules that could affect the financial and foreign exchange markets, with Korea, the U.S. and Japan deciding the benchmark interest rate one after another and Trump taking office this month.

In addition, Lee Bok-hyun, the head of the Financial Supervisory Service, following Lee Chang-yong, the head of the Bank of Korea, urged the acting chief not to put pressure on Choi Sang-mok.

Lee Seung-eun reports.

[Reporter]
Foreigners sold 16 trillion won worth of Korean government bond futures last month.

This is the largest volume in more than three years.

With the strong dollar and political instability, the won-dollar exchange rate has jumped 70 won over the past month and nearly 160 won over the past three months.

This month, we have a big international finance-related schedule.

Following the decision of the Bank of Korea's benchmark interest rate on the 16th, Trump is expected to take office on the 20th and pour out new policies.

Following Japan on the 24th, the U.S. will decide the benchmark interest rate on the 29th and the 30th in Korean time.

It is said that bad news is in the market, but it is difficult to resolve the high exchange rate.

[Moon Jung-hee / KB Kookmin Bank Senior Researcher: The won is weakening too much, but I think the domestic political situation needs to calm down quickly so that the won's undervaluation can calm down a little faster.]

Lee Bok-hyun, head of the Financial Supervisory Service, also mentioned this situation and emphasized that acting authority Choi Sang-mok should not be burdened with judicial burdens.

He said that it would not help our economy to ask for an impact this way based on our political interests.

In particular, he stressed that the international view toward us can also be cold-headed, citing the case of a French credit rating downgrade last month.

Moody's cut its sovereign credit rating last month, citing political instability and fiscal deficits in France.

In the case of last year, it is expected to be re-evaluated from early spring, considering that Fitch released Korea's national rating in March, S&P released in April, and Moody's released Korea's national rating in May.

The problem is that there is no fixed schedule for relegation, as seen in the French case.

I'm YTN's Lee Seung Eun.


Video editing Lee Jung-wook

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