저자: KBS News · 외국인
요약 보기
경제부총리 주재 거시경제·금융 확대회의에서 시장 상황을 점검했다. 미국 연준이 기준금리를 3.75~4%로 동결했고, 장기금리 상승과 빅테크 실적, 국제유가, 다음 주 미국 중간선거 이후 대외정책 변화가 금융시장 변동성을 키우고 있다고 진단했다. 국내 시장은 글로벌 금리, 중동 불확실성, AI 투자 수익성과 반도체 우려로 급락과 반등이 반복됐으나, 3분기 GDP가 전분기 대비 1.0% 성장해 기초여건은 탄탄하다고 평가했다.
다듬은 글
Yes. Are you ready? Yes, yes. Yesterday , it was... Yes. Thank you for your hard work. Yes. We will now begin the expanded macroeconomic and financial meeting. The U.S. Federal Reserve decided to hold the policy rate at the current level of 3.75%to 4%at the FOMC meeting last night. This decision is seen as an attempt to assess future policy paths while maintaining price stability, following the impact of the rate hike last September and reviewing economic indicators.
With long-term interest rates in countries like the U.S. remaining high, the earnings and investment outlooks of major tech firms , along with global oil price trends, are increasing volatility in both domestic and international financial markets. Furthermore, we need to examine potential changes in U.S.
foreign policy following next week's midterm elections, including shifts in congressional composition and the political environment, as well as their subsequent impact on markets. The government will closely cooperate with relevant agencies to monitor the impact of U.S. policy changes, international oil prices, and global capital flows on our domestic financial and foreign exchange markets, and will respond swiftly as needed.
Recently, the domestic market has shown high volatility with repeated sharp drops and rebounds, as global interest rate outlooks, geopolitical uncertainties in the Middle East, and concerns regarding AI investment profitability and the semiconductor industry have intertwined . However, our economy’s fundamentals remain solid, with the third-quarter GDP growing by 1.0%quarter-on-quarter and projected growth in the mid-3%range for this year.
The government bond market has somewhat stabilized, with yields falling following the announcement of reduced issuance volumes in October. Nevertheless, as external uncertainties such as the U.S. midterm elections and fiscal instability in France persist, we will closely monitor the risk of these spilling over into the government bond market and carefully review the issuance volume for November.
Also, if necessary, we will work closely with relevant agencies to implement market stabilization measures, such as emergency buybacks, in a timely manner. In this meeting, we will examine the impact of rising loan interest rates on vulnerable borrowers in the financial sector. As the recent trend of interest rate hikes is reflected in loan rates with a time lag, the repayment burden on vulnerable borrowers is increasing.
To alleviate the burden on vulnerable borrowers, the government will proceed with previously announced support measures without setbacks, while continuously monitoring their financial status and preparing additional measures in response to changing financial market conditions. Finally, we will consistently push for improvements to capital market infrastructure.
At today's meeting, we plan to discuss the roadmap for shortening the stock settlement cycle from the current T + 2 to T + 1. Shortening the settlement cycle is an important task that can reduce settlement-related risks and increase the efficiency of capital utilization. However, a stable transition requires careful consideration of the readiness of the financial investment industry and domestic/international investors, settlement and currency exchange liquidity, system stability, and the progress of major Asian countries.
Starting next week, relevant institutions such as the Korea Exchange and Korea Securities Depository plan to widely gather feedback from market participants, including the financial investment industry and domestic and international investors, on the draft roadmap for the T + 1 transition. Since financial market stability is a crucial foundation for our economic growth, we will closely monitor market conditions and real economic situations, and further enhance policy coordination.
The government and relevant authorities will closely share their perception of market conditions and response directions to ensure market stability and trust. Thank you. Yes. Yesterday, well Yes. Thank you for your hard work. Yes. Here Yes. I will now begin the expanded macroeconomic and financial meeting.
The U.S. Federal Reserve held the policy rate at the current level of 3.75 to 4%at the FOMC meeting overnight . This decision is seen as an attempt to assess the impact of past rate hikes and economic indicators while maintaining a stance of price stability to determine the future policy path. As U.S.
long-term interest rates remain at high levels, the earnings prospects of major tech firms and international oil price trends are increasing volatility in domestic and international financial markets. Additionally, it is necessary to examine the changes in U.S. foreign policy and their impact on the market following the U.S.
midterm elections next week, depending on changes in the political environment and congressional composition. The government will closely cooperate with relevant agencies to monitor the impact of U.S. policy changes, international oil prices, and global capital flows on domestic financial and foreign exchange markets, responding promptly when necessary.
Recently, the domestic stock market has shown high volatility with repeated sharp drops and rebounds, driven by changing global interest rate forecasts, geopolitical uncertainty in the Middle East, and concerns over AI investment profitability and the semiconductor industry. However, our economy’s fundamentals remain sound, with Q3 GDP growing 1.0%compared to the previous quarter and a mid-3%growth rate projected for this year.
The government bond market has shown signs of stabilization with a decline in yields following the announcement of a reduction in issuance volume for October. However, as external uncertainties such as the U.S. midterm elections and fiscal instability in France persist, we will closely monitor potential risks spreading to the government bond market and carefully review the issuance volume for November .
Furthermore, we will cooperate closely with relevant agencies to implement timely market stabilization measures, such as emergency buybacks, when necessary. In this meeting, we will examine the impact of rising loan interest rates on vulnerable borrowers in the financial sector. With the recent interest rate hikes being reflected in loan rates over time, the repayment burden on vulnerable borrowers is increasing.
To ease the burden on these borrowers, the government will implement previously announced support measures without fail , while continuously monitoring their financial capacity amid changing market conditions and preparing additional countermeasures. Finally, we will also consistently pursue improvements to capital market infrastructure.
In today's meeting, we plan to discuss a roadmap for shortening the stock settlement cycle from the current T + 2 to T + 1. Shortening the settlement cycle is a significant task that can reduce settlement-related risks and increase the efficiency of capital utilization. However, for a stable transition, we must fully consider the preparedness of the financial investment industry and domestic/ foreign investors, settlement and foreign exchange liquidity, system stability, and the progress of major Asian countries in shortening their cycles.
Starting next week, relevant organizations such as the Korea Exchange and the Korea Securities Depository plan to gather broad opinions from market participants, including the financial investment industry and domestic and foreign investors, regarding the draft T + 1 transition roadmap. As financial market stability is a vital foundation for supporting our economic growth, we will examine both market conditions and real economic circumstances, further strengthening the link with our policy responses.
The government and relevant authorities will closely share their perception of market conditions and response directions to ensure this leads to market stability and trust. Thank you.
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