The government “must operate the loan-deposit interest rate transparently and rationally”… Will banks revive cut preferential rates?

Despite the steep rise in bank lending rates in the aftermath of the government’s regulations on household loans, citizens’ dissatisfaction with the fact that deposit rates remain at the same level is growing. The financial authorities, conscious of such public opinion, eventually ‘intervened’. It is intended to examine the ‘transparency’ and ‘reasonability’ of banks’ loan and deposit rate calculations, and interest is focused on whether banks will reapply benefits such as preferential rates that have been reduced due to household loan management.

Reference-www.hani.co.kr

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