the interest rate adjustment time difference ... Because of bank and play?

The Bank of Korea (BOK) raised interest rates on May 30 when it raised its benchmark interest rate. However, inside and outside the banking sector, criticism has been raised that the interest rate on loans has been raised earlier than the base rate hikes in the past. 

Shinhan Bank raised interest and deposit rates by 0.1 to 0.3 percentage point from today, according to the financial sector on April 4. 'Shinhan Plus plus monthly compounded deposits' increased by 0.1 percentage points to 2.1 percent for the highest year and 'Shinhan Health Plus' to 2.1 percent for the year.

Other commercial banks, such as KB Kookmin Bank, KEB Hana Bank, NH Nonghyup Bank and SC First Bank, will also raise interest rates by 0.1 to 0.3 percentage points this week. We are currently adjusting the timing and timing of the increase.

Earlier, Woori Bank raised interest rates on 11 fixed deposits and 18 regular gold rates by up to 0.3 percent. As a result, the interest rate on 'Welrich 100 Travel Savings' was raised by 0.2 percentage points to 4.7 percent and the rate of 'Wifi Tax Tech Savings' increased by 2.55 percent to 2.55 percent. In addition, the "WoBi Super-Home Deposits" offered a 2.1% annual interest rate up by 0.3 percentage points. 

The K-bank raised interest and deposit rates by 0.15 to 0.2 percentage points through events from January 1 to January 2 next year. The lump sum for regular lump-sum deposits increased from 2.2% to 2.4%, and the premium for K-free deposits rose from 2.5% to 2.7%. 
 
The BOK raised the benchmark interest rate to 1.5 percent at the Monetary Policy Committee last month, up 0.25 percentage point from the previous year.

Examples and receivables are based on interest rates on bank debentures such as bank debentures or on the benchmark interest rate on the basis of interest rates. Therefore, banks will raise interest rates on products based on benchmark interest rates.

On the other hand, the interest rate on loans has been declining since it soared to expectations of interest rate hikes. 
 
According to the Bank of Korea (BOK), the interest rate on household lending increased by 0.09 percentage points from the previous month to 3.5 percent in October, the highest level since January 3.55 percent in January 2015. Mortgage lending rose 0.08 percentage point to 3.32 percent from 3.24 percent, while the collective lending rate jumped 0.24 percentage points. General lending rate rose 0.13 percentage point.

Shinhan Bank lowered its home mortgage loan interest rate (fixed at 5 years) by 3.53% to 4.70% from a year earlier, as the three-day average interest rate fell from 2.57% to 2.54%. The Woori Bank fell 3.53 percent to 4.54 percent from 3.57 percent to 4.54 percent, while NH Bank's Nonghyup Bank dropped 0.03 percent to 3.67 percent to 4.81 percent from 4.84 percent. 

Most of the loan products sold by banks are set by adding the interest rate determined by the bank to the market interest rate. Even if the BOK raises the benchmark interest rate, the interest rate on the loan will decrease if the market interest rate falls.

As the so-called interest rate trends are in opposite directions, critics say that banks have maximized interest income with the base rate inside and outside the banking sector. While the interest rate on the loan was raised immediately, the deposit rate was raised as late as possible and the procurement cost was minimized.

The interest rates on many commodities linked to the actual market interest rate were fixed in the middle and the middle 1% when the market interest rate rose. In other words, the interest rate hikes during the period of rising interest rates, and the interest was played.

In the meantime, the bank notes that interest rates were applied in accordance with the interest rate formula.

Most of the lending rate is based on the procurement cost of 8 banks, so the market interest rate is directly related to the number of products to which COPS applies, and the deposit rate seems to have followed a lot due to the large number of products to which the base rate is applied. will be.

A local bank official said, "The government has not been able to adjust the interest rate by raising the interest rate by raising the interest rate, and the government has not been able to adjust the interest rate. "We have misunderstood the timing of the application and the timing of interest rates."