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Speaking at the meeting of experts in charge of export and investment on March 13, Deputy Prime Minister in charge of economy and Korean Minister of Economy and Finance (MOEF) Choo Kyung-ho said that There are many opinions that the bankruptcy of SVB will not become a "big risk" affecting financial markets and the global economy. Vblink Vpower, However, the upcoming reduction will not be large as falling interest rates will put more pressure on the exchange rate in the context that the US Federal Reserve (Fed) may continue to raise policy interest rates until mid-2023 and keep the face of the market. with high interest rates until the fourth quarter of 2023.
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Although officials have taken steps to calm markets for a while, if there are concerns about regional banks, the market could see the dollar and Japanese yen rise again. . vpower cash app, The wind wave started to get stronger since the US Federal Reserve (Fed) sharply increased interest rates to curb inflation. Deposit interest rates increased, bond prices fell, causing SVB's assets and bond value to evaporate rapidly.
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