[Korea Selected financial newspaper reporters] happen to the Bank of Korea to correct the non-banking sector household sector loans Statistics happened again.
In the Bank of Korea on the 12th announced 'in March Financial Market Trends "data, mortgage loans and other loans statistics from December 2015 until January non-bank deposit handling institutions (savings banks and mutual credit, credit unions, community credit cooperatives) He was correcting the time series.
Bureau of Statistics chief financial statements statuettes as long as the economy is said, 'it reflected the mortgage and other loans coordination between levels of some non-bank deposit handling institutions have provided data to classify as loans and other mortgages.
This showed that the monthly mortgage amount increased deposits of non-banking organizations handling past 14 months decreased by 30%. Which was recorded under other loans figures that much has been stretched.
For example, if the adjustment was in December last year, statistics mortgages Increase the time from 2.9766 trillion won to 734.7 billion won or less 2.2419 trillion won.
The second point dwaetdaneun financial statistics loopholes exposed as long as this commotion was reaffirmed. The Bank of Korea has announced a late bar, correct household loans Increase mutual savings banks, including youngriseong funds that do not meet the criteria month omnipresent. January Savings Bank announced that household loan growth rate increased from the previous month and 977.5 billion won, a separate institution due diligence final figure is a mere half to 460.7 billion won.
A continuous failure is inevitable that a large wound on the statistical reliability of the BOK. In this position as long regarded viscosity that sanctions for institutions that provide basic statistics.
But the biggest problem is likely to increase the policy response of the monetary authorities based on the statistics to be misjudged as long as that is. The statistical error is other loans ratio increased risk that only look more mortgage facts from the non-banking sector last year, if it can be interpreted in much greater meaning.
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