{"id":38065,"date":"2026-02-11T21:58:52","date_gmt":"2026-02-11T21:58:52","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%8a%a4%ed%83%a0%eb%8b%a4%eb%93%9c%ec%b0%a8%ed%83%80%eb%93%9c%ec%9d%98-%eb%8c%84-%ed%8c%90%ec%9d%80-%eb%b8%8c%eb%9d%bc%ec%a7%88-%ec%a4%91%ec%95%99%ec%9d%80%ed%96%89bcb%ec%9d%b4-3%ec%9b%94%ec%97%90\/"},"modified":"2026-02-11T21:58:52","modified_gmt":"2026-02-11T21:58:52","slug":"%ec%8a%a4%ed%83%a0%eb%8b%a4%eb%93%9c%ec%b0%a8%ed%83%80%eb%93%9c%ec%9d%98-%eb%8c%84-%ed%8c%90%ec%9d%80-%eb%b8%8c%eb%9d%bc%ec%a7%88-%ec%a4%91%ec%95%99%ec%9d%80%ed%96%89bcb%ec%9d%b4-3%ec%9b%94%ec%97%90","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%8a%a4%ed%83%a0%eb%8b%a4%eb%93%9c%ec%b0%a8%ed%83%80%eb%93%9c%ec%9d%98-%eb%8c%84-%ed%8c%90%ec%9d%80-%eb%b8%8c%eb%9d%bc%ec%a7%88-%ec%a4%91%ec%95%99%ec%9d%80%ed%96%89bcb%ec%9d%b4-3%ec%9b%94%ec%97%90\/","title":{"rendered":"\uc2a4\ud0e0\ub2e4\ub4dc\ucc28\ud0c0\ub4dc\uc758 \ub304 \ud310\uc740 \ube0c\ub77c\uc9c8 \uc911\uc559\uc740\ud589(BCB)\uc774 3\uc6d4\uc5d0 \uae08\ub9ac\ub97c \uc778\ud558\ud560 \uc218 \uc788\uc9c0\ub9cc, \uc11c\ube44\uc2a4 \ubb3c\uac00\ub294 \uc5ec\uc804\ud788 \ubaa9\ud45c\uce58\ub97c \uc6c3\ub3c8\ub2e4\uace0 \ub9d0\ud55c\ub2e4"},"content":{"rendered":"2025\ub144\uc5d0\ub294 \ub354 \uc2fc \uc218\uc785\ud488\uacfc \uac15\ud574\uc9c4 \ube0c\ub77c\uc9c8 \ud5e4\uc54c(BRL, \ube0c\ub77c\uc9c8 \ud1b5\ud654) \ub54c\ubb38\uc5d0 **\uc7ac\ud654(\uc0c1\ud488) \ubb3c\uac00 \uc0c1\uc2b9\ub960(\uc778\ud50c\ub808\uc774\uc158)**\uc774 \ub0ae\uc544\uc84c\uace0, \uc774\uc5d0 \ub530\ub77c \uc911\uc559\uc740\ud589(BCB, \ube0c\ub77c\uc9c8 \uc911\uc559\uc740\ud589)\uc740 3\uc6d4\ubd80\ud130 **\uc644\ud654(\uae08\ub9ac \uc778\ud558) \uc0ac\uc774\ud074**\uc744 \uc2dc\uc0ac\ud588\ub2e4. \ub2e4\ub9cc BRL \uac15\uc138(\ud658\uc728\uc774 \ud5e4\uc54c\uc5d0 \uc720\ub9ac\ud558\uac8c \uc6c0\uc9c1\uc774\ub294 \uac83)\uac00 \uba48\ucd94\uac70\ub098, \uc911\uad6d \uac19\uc740 **\uc218\ucd9c\uad6d**\uc774 \uac00\uaca9\uc744 \ub354 \ub0b4\ub9b4 \uc5ec\uc9c0\uac00 \uc904\uba74 \uc7ac\ud654 \ubb3c\uac00 \ud558\ub77d \uc18d\ub3c4\ub294 \ub290\ub824\uc9c8 \uc218 \uc788\ub2e4.\n\n**\uc11c\ube44\uc2a4 \ubb3c\uac00**\ub294 5~6% \uc218\uc900\uc5d0 \uba38\ubb3c\ub7ec \uc788\uace0, **IPCA(\ube0c\ub77c\uc9c8 \uacf5\uc2dd \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218) \ubc14\uc2a4\ucf13(\uc9c0\uc218\uc5d0\uc11c \ud488\ubaa9\uc774 \ucc28\uc9c0\ud558\ub294 \ube44\uc911 \uad6c\uc870)**\uc758 37%\ub97c \ucc28\uc9c0\ud55c\ub2e4. 2026\ub144 \ucd08 1.7%\uc600\ub358 \uc7ac\ud654 \ubb3c\uac00\uac00 **\uc804\ub144 \ub300\ube44(y\/y, 1\ub144 \uc804 \uac19\uc740 \uae30\uac04\uacfc \ube44\uad50)** 0%\uae4c\uc9c0 \ub0b4\ub824\uac00\ub354\ub77c\ub3c4, \uc11c\ube44\uc2a4 \ubb3c\uac00\uac00 \ub5a8\uc5b4\uc9c0\uc9c0 \uc54a\uc73c\uba74 **\uadfc\uc6d0(Core) \ubb3c\uac00(\ubcc0\ub3d9\uc774 \ud070 \ud488\ubaa9\uc744 \uc81c\uc678\ud574 \uae30\uc870\ub97c \ubcf4\ub294 \ubb3c\uac00)**\ub294 3.5%\ub97c \ub118\uc744 \uc218 \uc788\ub2e4.\n\n**\ud5e4\ub4dc\ub77c\uc778 \ubb3c\uac00(\uc804\uccb4 \ubb3c\uac00 \uc9c0\ud45c)**\ub294 \ud718\ubc1c\uc720 \uac00\uaca9\uc744 \ub0b4\ub9ac\uace0 \uc2dd\ub8cc\ud488 \ubb3c\uac00\uac00 \ub0ae\uac8c \uc720\uc9c0\ub3fc\ub3c4 4% \uc704\uc5d0 \uba38\ubb3c \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4. \uacfc\uac70\uc5d0\ub3c4 \uc7ac\ud654 \ubb3c\uac00\uac00 \ube60\ub974\uac8c \ub0b4\ub824\uac00\uba74 \ub192\uc740 \ubb3c\uac00\ub97c \ub0ae\ucd94\ub294 \ub370\ub294 \ub3c4\uc6c0\uc774 \ub410\uc9c0\ub9cc, \ubb3c\uac00\ub97c **\ubaa9\ud45c\uce58**\uc5d0 \uacc4\uc18d \ubb36\uc5b4\ub450\ub294 \ub370\ub294 \uc790\uc8fc \uc2e4\ud328\ud588\ub2e4.\n\n**\ud1b5\ud654\uc815\ucc45(\uc911\uc559\uc740\ud589\uc758 \uae08\ub9ac\u00b7\uc720\ub3d9\uc131 \uc870\uc808 \uc815\ucc45)**\uc774 \uae34\ucd95(\uae08\ub9ac\ub97c \ub192\uac8c \uc720\uc9c0)\uc778 \ub9cc\ud07c, BCB\ub294 3\uc6d4\uc5d0 \uae08\ub9ac \uc778\ud558\ub97c \uc2dc\uc791\ud560 \uc5ec\uc9c0\uac00 \uc788\ub2e4. \uc2dc\uc7a5 \uac00\uaca9(\uae08\uc735\uc2dc\uc7a5\uc774 \ubc18\uc601\ud55c \uc608\uc0c1)\uc740 2026\ub144\uc5d0 250bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8, 0.01%p) \ub118\ub294 \uc778\ud558\ub97c \ub73b\ud558\uc9c0\ub9cc, \uc11c\ube44\uc2a4 \ubb3c\uac00\uac00 \ub354 \ub69c\ub837\ud558\uac8c \uaebe\uc774\uc9c0 \uc54a\uc73c\uba74 \uc778\ud558 \uc18d\ub3c4\ub294 \ub354 \ub290\ub9b4 \uc218 \uc788\ub2e4.\n\n**IPCA-15(\uc6d4 \uc911\uac04\uc5d0 \ubbf8\ub9ac \ubc1c\ud45c\ud558\ub294 \ubb3c\uac00 \uc9c0\ud45c)**\uc758 \ucd5c\uc2e0 \ub370\uc774\ud130\ub294 \uc11c\ube44\uc2a4 \ubb3c\uac00\uac00 5.8% \uadfc\ucc98\ub85c \uc5ec\uc804\ud788 \ub192\ub2e4\ub294 \uc810\uc744 \ud655\uc778\ud574\uc92c\uace0, \ubc30\uacbd\uc73c\ub85c **\ub178\ub3d9\uc2dc\uc7a5\uc774 \ube61\ube61\ud55c \uc0c1\ud0dc(\uc0ac\ub78c\uc744 \uad6c\ud558\uae30 \uc5b4\ub824\uc6cc \uc784\uae08\uc774 \uc624\ub974\uae30 \uc26c\uc6b4 \uc0c1\ud0dc)**\uac00 \uc9c0\ubaa9\ub41c\ub2e4. \ube0c\ub77c\uc9c8 **\uc2e4\uc5c5\ub960**\uc740 \ucd5c\uadfc 7.5%\uae4c\uc9c0 \ub0b4\ub824 2015\ub144 \ub9d0 \uc774\ud6c4 \ucd5c\uc800\ub97c \uae30\ub85d\ud588\ub294\ub370, \uc774\ub294 \uc784\uae08 \uc0c1\uc2b9 \uc555\ub825\uacfc \uc11c\ube44\uc2a4 \ube44\uc6a9\uc744 \uacc4\uc18d \ub5a0\ubc1b\uce5c\ub2e4. \uc774\ub7f0 \ud658\uacbd\uc5d0\uc11c\ub294 \uc911\uc559\uc740\ud589\uc774 \uc2dc\uc7a5\uc774 \uae30\ub300\ud558\ub294 \uac83\ucc98\ub7fc \ud06c\uace0 \ube60\ub978 \uae08\ub9ac \uc778\ud558\ub97c \uc815\ub2f9\ud654\ud558\uae30 \uc5b4\ub835\ub2e4.\n\n**\uae08\ub9ac \uc2a4\uc651 \uc2dc\uc7a5(\uc11c\ub85c \ub2e4\ub978 \uae08\ub9ac \ud615\ud0dc\ub97c \uad50\ud658\ud558\ub294 \ud30c\uc0dd\uc0c1\ud488 \uc2dc\uc7a5)**\uc5d0\uc11c\ub294 \uc774\ub7f0 \uc0c1\ud669\uc774 \uae30\ud68c\uac00 \ub420 \uc218 \uc788\ub2e4. \uc62c\ud574 250bp\uac00 \ub118\ub294 \uc778\ud558\ub77c\ub294 \uc2dc\uc7a5\uc758 \uc644\ud654 \uae30\ub300\ubcf4\ub2e4 \uc911\uc559\uc740\ud589\uc774 \ub35c \ub0b4\ub9b4 \uacbd\uc6b0, **DI \uc120\ubb3c \uc2a4\uc651(\ube0c\ub77c\uc9c8\uc758 \ub300\ud45c \ub2e8\uae30\uae08\ub9ac\ub97c \ubc14\ud0d5\uc73c\ub85c \ud55c \ud30c\uc0dd\uc0c1\ud488)**\uc5d0\uc11c **\uace0\uc815\uae08\ub9ac\ub97c \uc9c0\uae09(pay fixed)**\ud558\ub294 \ud3ec\uc9c0\uc158(\uace0\uc815\uae08\ub9ac \uc0c1\uc2b9\/\uae08\ub9ac \uc778\ud558 \ud3ed \ucd95\uc18c\uc5d0 \uc720\ub9ac)\uc774 \uc218\uc775\uc774 \ub420 \uc218 \uc788\ub2e4. \uc989, **\uc120\ub3c4\uae08\ub9ac \uace1\uc120(forward curve, \ubbf8\ub798 \uae08\ub9ac \uae30\ub300\ub97c \ubc18\uc601\ud55c \uae08\ub9ac \uad6c\uc870)**\uc774 \u201c\ub108\ubb34 \ube68\ub9ac, \ub108\ubb34 \ub9ce\uc774\u201d \uc778\ud558\ub97c \ubc18\uc601\ud558\uace0 \uc788\ub2e4\ub294 \ucabd\uc5d0 \uac70\ub294 \uac83\uc774\ub2e4.\n\n\uc774 \uc804\ub9dd\uc740 BRL\uc5d0\ub3c4 \uc911\uc694\ud558\ub2e4. \uc608\uc0c1\ubcf4\ub2e4 \ub35c \uacf5\uaca9\uc801\uc778 \uc644\ud654(\uae08\ub9ac \uc778\ud558)\ub77c\uba74 \ube0c\ub77c\uc9c8\uc758 **\uae08\ub9ac \ucc28(\ub2e4\ub978 \ub098\ub77c\uc640\uc758 \uae08\ub9ac \uaca9\ucc28)** \ub9e4\ub825\uc774 \uc720\uc9c0\ub3fc BRL\uc744 \uc9c0\uc9c0\ud560 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4. \ub530\ub77c\uc11c \ubbf8\uad6d \ub2ec\ub7ec \ub300\ube44 \ud5e4\uc54c\uc774 \uc548\uc815\uc801\uc774\uac70\ub098 \uac15\ud574\uc9c8 \ub54c \uc720\ub9ac\ud55c **\uc635\uc158 \uc804\ub7b5(\uc815\ud574\uc9c4 \uc870\uac74\uc73c\ub85c \uc0ac\uace0\ud314 \uad8c\ub9ac\ub97c \uc774\uc6a9\ud55c \uac70\ub798)**\ub3c4 \uace0\ub824\ud560 \uc218 \uc788\ub2e4.\n\n<!-- wp:paragraph-->\n<p><b>VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c <a href=\"https:\/\/www.vtmarkets.com\/kr\/trade-now\/\">\uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\uc218\uc785\ubb3c\uac00 \ud558\ub77d\uacfc \ud5e4\uc54c \uac15\uc138\ub85c 2025\ub144 \uc7ac\ud654 \ubb3c\uac00 \ub454\ud654, BCB\ub294 3\uc6d4 \uc644\ud654 \uc2dc\uc0ac. \uadf8\ub7ec\ub098 5~6% \uc11c\ube44\uc2a4 \ubb3c\uac00\u00b7\ub178\ub3d9\uc2dc\uc7a5 \ud0c0\uc774\ud2b8\ub85c \uae08\ub9ac\uc778\ud558 \uc81c\ud55c, \uc2dc\uc7a5\uc758 250bp \uae30\ub300 \uacfc\ub3c4. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-38065","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=38065"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38065\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=38065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=38065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=38065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}