bank lending

bank lending

Outstanding bank loans soar amid low interest rates 저금리로 인해 가계.기업 은행 빛 급증

1w ago
SOURCE  

Description

Bank lending to households and businesses in South Korea has been rising fast over the past year, while interest rates remain persistently low. On Sunday the Bank of Korea said... outstanding bank loans to household and corporate borrowers came to 1-thousand-3-hundred-and-2-point-4 trillion won... or around 1-point-1-9 trillion U.S. dollars as of last Monday. That′s up more than 90 billion dollars from August of last year. Analysts attributed the surging debt to the central bank′s aggressive monetary easing policies... designed to help prevent Korea from losing growth momentum. Most recently, the BOK cut the benchmark interest rate to a record low of 1-point-5 percent to counter the fallout of the MERS outbreak. To counter negative affects... the government has decided to come up with measures next month to effectively control rising household debt.