This text discusses the impact of the won-dollar exchange rate exceeding 1,300 won, with a focus on the effects on the Korean and US economies. The rise in interest rates in both countries and the potential challenges for self-employed individuals with high loans during the pandemic are highlighted. The exchange rate's historical context and its potential consequences on various economic factors are analyzed. Additionally, the discussion delves into the implications of the yen's depreciation and its effects on Japan's economy. The text also addresses the dilemma faced by central banks in balancing growth and price stability in the current economic climate, particularly in the context of potential recessions and interest rate policies. The evolving stance of the US Federal Reserve, as well as the challenges posed by rising import prices and energy costs, are further explored. The text concludes by emphasizing the need for careful consideration of policies to navigate the complex economic landscape.
1. The Won-dollar exchange rate exceeded 1,300 won during the day. [Source: Text]
2. Both Korea and the United States are considering raising interest rates. [Source: Text]
3. There are growing concerns that self-employed people who took out many loans during the Corona era may struggle to repay in the future. [Source: Text]
4. The Vice President of WM Group at Shinhan Bank, Kwon Young, is an expert diagnosing the impact and outlook of the exchange rate. [Source: Text]
5. The Won-dollar exchange rate has steadily risen since the beginning of the year, starting from a little over 1,200 won. [Source: Text]
6. The biggest cause of the exchange rate increase is the interest rate hike in the United States. [Source: Text]
7. The U.S. interest rate is predicted to rise by 0.5% by the end of the year. [Source: Text]
8. The increase in the Won-dollar exchange rate has a significant impact on the economy. [Source: Text]
9. If the exchange rate goes up, export companies will benefit, but import prices will rise. [Source: Text]
10. Many experts are saying that the economy could lead to a recession. [Source: Text]
11. The Federal Reserve is being criticized for increasing inflation by releasing money while using the expression "temporary" to increase prices. [Source: Text]
12. The biggest problem is that there is a big problem on the supply side. [Source: Text]
13. The difference between inflation and expected inflation is significant. [Source: Text]
14. Even if inflation can be controlled quickly, it can last for a very long time. [Source: Text]
15. In a situation where interest rates rise very high, individuals will lose their income, and the economic slowdown may occur. [Source: Text]
16. It is better to keep sharpening the bat rather than tying it up for 1 year or 3 years at the current low interest rate. [Source: Text]
17. When it comes to loans, you actually need to look at the maturity date. [Source: Text]
18. The exchange rate will rise to the level expected, and it will stay at that level and rise even as that expectation is broken. [Source: Text]
19. The won-dollar exchange rate fluctuated between 1,280 and 90 won, but this time it has risen above 1,300 won. [Source: Text]
20. The interest rate is the value of money. If the interest rate of a certain currency increases, they can receive more compensation when they hold that currency. [Source: Text]