Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP News Agency) jonghyuk Kim Journalist = FED raised interest rate in ten years.So the implication for domestic banks is receiving attention.

According to banks on 17, raising interest rate of USA doesn't have a ripple effect on domestic banks now.

They think that domestic banks already did level off by reflection raising interest rate in advance, and by the controlling household debt policy of authorities. So it won't be a ripple effect on domestic market interest.

Domestic banks already has adjusted mortgage rate to be high by raising additional interest, since Sep. when it became to be clear that the interest rate of America would increased.

Even domestic banks still wait, however it is hard to get a loan for lenders.

Because, it is predicted that domestic financial business will be effected by raising interest of USA, moreover the lending evaluation as a way to control household debt, is intensified.

An officer of banks said, “the interest rate keeps on increasing, also is expected to increase sharply in the after half of next year. Because of government policy lending condition has been strict, it will be harder to get loan for customers.”

Gahyeon Kim, a researcher of KB Financial Group Research, added “the interest burden of households and businesses rise caused by USA raised interest rate, is expected, but it will not be rapid increase, because of USA raised interest rate gradually.”

The Financial authorities reveals that they are going to manage intensively not to expend the debt risk of households and businesses after raising interest rate of USA.

NSP News Agency/NSP TV jonghyuk Kim Journalist, awake12@nspna.com
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