[Weekly Outlook] This Week's 20th Presidential Election... Have Household Loan Balances and Current Account Surplus Decreased?

[Asia Economy Sejong=Reporter Kwon Haeyoung] This week, the 20th presidential election scheduled for the 9th is the biggest concern in the economic sector.

Meanwhile, the Bank of Korea will announce the 'Financial Market Trends for February' on the 10th. Attention is focused on whether household loan balances, which decreased in December last year and January this year due to rising interest rates and a real estate transaction freeze, have continued to decline for three consecutive months.

On the same day, the Bank of Korea will submit the 'Monetary and Credit Policy Report,' which comprehensively includes recent monetary and financial conditions along with analysis and evaluation, to the National Assembly.

Additionally, on the 11th, the 'January Balance of Payments (provisional)' will be announced. The current account recorded a surplus of $6.06 billion in December last year, but interest is on whether the surplus size decreased in January this year due to significant increases in oil and raw material prices. The current account has maintained a surplus trend for 20 consecutive months since May 2020.

The Statistics Korea, together with the Ministry of Education, will announce the results of the private education expenses survey for elementary, middle, and high school students last year on the 11th. Through these results, the monthly average private education expenses per student last year can be examined.

This content was produced with the assistance of AI translation services.