"Household Loans in Focus"... Bank of Korea Keeps Base Rate at 2.50% Per Annum [3-Minute Brief]

① Bank of Korea Keeps Base Rate Unchanged at 2.50% per Annum
② July Fiscal Trends: National Tax Revenue Increases by 21.3 Trillion Won
③ Household Loans from Financial Institutions Rise by 6.5 Trillion Won in June, Largest Increase in Eight Months

MARKET INDEX : Year to date

○The three major New York stock indices all closed higher.

○Despite 50% tariffs on copper and 50% tariffs on Brazilian goods, the market remained calm.

○S&P and Nasdaq both hit record highs for the second consecutive day.

Top3 NEWS

■ "Focus placed on household debt concerns" July rate freeze, 'pace adjustment' expected for the time being (Comprehensive)

○On the 10th, the Monetary Policy Committee kept the base interest rate unchanged at 2.50% per annum.

○The freeze was as expected, with the rapid increase in household debt and financial stability being the main considerations.

○A rate cut in August remains uncertain, with factors such as the effectiveness of lending regulations, the supplementary budget, and US interest rates at play.

■ National finances from January to May: deficit narrowed as tax revenues increased, but concerns over worsening if the second supplementary budget is reflected

○Despite the first supplementary budget, national tax revenues increased and the deficit narrowed.

○Even with the improvement, the deficit remains the fourth largest on record.

○If the second supplementary budget is reflected, the deficit may increase further.

■ "In the Seoul metropolitan area, mortgage loans capped at 600 million won"... Why did household loans rise again?

○In June, household loans from financial institutions increased by 6.5 trillion won, the largest increase in eight months.

○Loans taken before the regulations are being reflected in statistics one or two months later.

○Additional regulations are expected, such as a ban on jeonse loans for owners of multiple homes.

Graphic News: Financial holding companies' stock prices soar... Did the value-up drive work?

○Record-high performance expected in the first half of the year.

○Expectations for separate taxation on dividend income are rising.

○Securities firms say "there is ample room for further gains."

the Chart: 'Unstoppable Buldak Power' Samyang Foods, 1.5 million won within reach

○During the previous session, the stock price rose to 1,485,000 won, setting another all-time high.

○The price has doubled since the beginning of the year, with momentum for second quarter earnings driven by expectations for the Miryang Plant 2.

○Securities firms have raised their target price to 1.8 million won.

Today's Key Schedule

○Domestic

KOSDAQ DB Financial SPAC No.14 subscription, confirmed public offering price at 2,000 won

○Overseas

02:00 US 30-year Treasury bond auction

15:00 UK GDP (MoM) (May)

15:00 UK Manufacturing Production (MoM) (May)

15:45 France Consumer Price Index (MoM) (June)

21:30 Canada Employment Change (June)

◇Lunch & Evening Commute Weather

○Lowest temperature: 25°C (0°C) ｜Highest temperature: 36°C (▼1°C)
○Chance of precipitation: 0% in the morning ｜ 0% in the afternoon
○Fine dust: Good in the morning ｜ Good in the afternoon

All you need in 3 minutes: essential, cost-effective economic news. Published daily at 8 a.m.