Household loan interest rates rise faster… The steepest in 6 years and 5 months

The rate of increase in household loan interest rates is accelerating. Last month, the average interest rate on household loans in the banking sector rose to 3.46%, the largest increase from the previous month in six years and five months. As the Bank of Korea further raises the base rate this month, the rate of increase in lending rates is expected to accelerate. It is also predicted that the highest interest rate on home mortgage loans will reach the 6% range within this year. The Bank of Korea announced on the 26th that ‘202

Reference-www.hani.co.kr

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