{"id":38179,"date":"2026-02-13T01:57:32","date_gmt":"2026-02-13T01:57:32","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/1%ec%9b%94-%eb%ac%bc%ea%b0%80%ec%83%81%ec%8a%b9%eb%a5%a0%ec%9d%b4-2-1%eb%a1%9c-%eb%aa%a9%ed%91%9c%ec%b9%98%eb%a5%bc-%eb%b0%91%eb%8f%8c%eb%a9%b4%ec%84%9c-%ed%97%9d%ea%b0%80%eb%a6%ac-%ec%a4%91%ec%95%99\/"},"modified":"2026-02-13T01:57:32","modified_gmt":"2026-02-13T01:57:32","slug":"1%ec%9b%94-%eb%ac%bc%ea%b0%80%ec%83%81%ec%8a%b9%eb%a5%a0%ec%9d%b4-2-1%eb%a1%9c-%eb%aa%a9%ed%91%9c%ec%b9%98%eb%a5%bc-%eb%b0%91%eb%8f%8c%eb%a9%b4%ec%84%9c-%ed%97%9d%ea%b0%80%eb%a6%ac-%ec%a4%91%ec%95%99","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/1%ec%9b%94-%eb%ac%bc%ea%b0%80%ec%83%81%ec%8a%b9%eb%a5%a0%ec%9d%b4-2-1%eb%a1%9c-%eb%aa%a9%ed%91%9c%ec%b9%98%eb%a5%bc-%eb%b0%91%eb%8f%8c%eb%a9%b4%ec%84%9c-%ed%97%9d%ea%b0%80%eb%a6%ac-%ec%a4%91%ec%95%99\/","title":{"rendered":"1\uc6d4 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc774 2.1%\ub85c \ubaa9\ud45c\uce58\ub97c \ubc11\ub3cc\uba74\uc11c \ud5dd\uac00\ub9ac \uc911\uc559\uc740\ud589\uc740 \ucd94\uac00 \uae08\ub9ac \uc778\ud558 \uc5ec\ub825\uc774 \uc0dd\uacbc\ub2e4."},"content":{"rendered":"\ud5dd\uac00\ub9ac \uc911\uc559\ud1b5\uacc4\uccad\uc5d0 \ub530\ub974\uba74, 2026\ub144 1\uc6d4 \ud5dd\uac00\ub9ac\uc758 \uc778\ud50c\ub808\uc774\uc158\uc728(\ubb3c\uac00\uc0c1\uc2b9\ub960)\uc740 \uc804\ub144 \ub300\ube44 2.1%\ub85c \ub0b4\ub824\uac14\uc2b5\ub2c8\ub2e4. \uc774\ub294 \ud5dd\uac00\ub9ac \uad6d\ub9bd\uc740\ud589\uc758 \ubaa9\ud45c\uce58 3%\ubcf4\ub2e4 \ub0ae\uace0, \uc2dc\uc7a5 \uc608\uc0c1\uce58(\uc2dc\uc7a5 \ucc38\uc5ec\uc790\ub4e4\uc758 \ud3c9\uade0 \uc804\ub9dd)\ubcf4\ub2e4\ub3c4 \ub0ae\uc558\uc2b5\ub2c8\ub2e4.\n\n\uadfc\uc6d0 \uc778\ud50c\ub808\uc774\uc158(\uac00\uaca9 \ubcc0\ub3d9\uc774 \ud070 \ud488\ubaa9\uc744 \uc81c\uc678\ud574 \ubb3c\uac00\uc758 \u2018\uae30\uc870\u2019\ub97c \ubcf4\ub294 \uc9c0\ud45c)\uc740 \uc804\ub144 \ub300\ube44 2.7%\ub85c \ud558\ub77d\ud588\uc2b5\ub2c8\ub2e4. \uc804\uccb4 \ubb3c\uac00\uc0c1\uc2b9\ub960(\ud5e4\ub4dc\ub77c\uc778, \uc804\uccb4 \ud488\ubaa9\uc744 \ud3ec\ud568)\uacfc \uadfc\uc6d0 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc774 \ubaa8\ub450 3% \uc544\ub798\ub85c \ub0b4\ub824\uac04 \uac83\uc740 2019\ub144 1\uc6d4 \uc774\ud6c4 \ucc98\uc74c\uc774\uc5c8\uc2b5\ub2c8\ub2e4.\n\n

Drivers Of The Inflation Surprise<\/h3>\n\uc774\ubc88 \uc218\uce58\ub294 \uc815\ubd80\uc758 \u2018\uac00\uaca9 \ubc29\uc5b4\u2019 \uc870\uce58(\ud2b9\uc815 \ud488\ubaa9 \uac00\uaca9\uc744 \uc81c\ud55c\ud558\uac70\ub098 \ubcf4\uc870\ud574 \ub2e8\uae30 \ubb3c\uac00\ub97c \ub0ae\ucd94\ub294 \uc815\ucc45), \uac15\uc138 \ud3ec\ub9b0\ud2b8(\ud5dd\uac00\ub9ac \ud1b5\ud654\uac00 \uac15\ud574\uc838 \uc218\uc785\ubb3c\uac00\uac00 \ub0b4\ub824\uac00\ub294 \ud6a8\uacfc), \uadf8\ub9ac\uace0 \uc138\uae08 \ubc0f \u2018\ud2b9\ubcc4\uc18c\ube44\uc138\u2019(\uc8fc\ub958\u00b7\ub2f4\ubc30\u00b7\uc5f0\ub8cc \ub4f1 \ud2b9\uc815 \ud488\ubaa9\uc5d0 \ubd99\ub294 \ucd94\uac00 \uc138\uae08) \uc778\uc0c1\uc758 \uc9c0\uc5f0\uacfc \uad00\ub828\uc774 \uc788\ub294 \uac83\uc73c\ub85c \ud574\uc11d\ub410\uc2b5\ub2c8\ub2e4. \uac00\uaca9 \ubc29\uc5b4 \uc870\uce58\ub294 \ub2e4\uc2dc 3\uac1c\uc6d4 \uc5f0\uc7a5\ub410\uc2b5\ub2c8\ub2e4.\n\n\ubcf8\ubb38\uc5d0\uc11c\ub294 2\uc6d4 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc774 \uc57d 1.5%\uac00 \ub420 \uac83\uc774\ub77c\uace0 \uc804\ub9dd\ud588\uc2b5\ub2c8\ub2e4. \ub0ae\uc740 \uc218\uce58\uac00 \uacc4\uc18d\ub418\uba74, \uc778\ud50c\ub808\uc774\uc158\uc774 \ub2e4\uc2dc \uc624\ub97c \uac83\uc774\ub77c\ub294 \uc608\uc0c1 \uc2dc\uc810\uc774 2026\ub144 \ud6c4\ubc18\uc73c\ub85c \ubbf8\ub904\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n\n2026\ub144 \ud3c9\uade0 \uc778\ud50c\ub808\uc774\uc158\uc740 \uae30\uc874 3.3% \uc804\ub9dd\ubcf4\ub2e4 \ub0ae\uc740 \uc57d 3%\uc5d0 \uac00\uae4c\uc6cc\uc9c8 \uac00\ub2a5\uc131\uc774 \ucee4\uc84c\ub2e4\uace0 \uc124\uba85\ud588\uc2b5\ub2c8\ub2e4. \ub610\ud55c \uc9c0\uc815\ud559\uc801 \uc0ac\uac74(\uc804\uc7c1\u00b7\ubd84\uc7c1 \uac19\uc740 \uad6d\uc81c \uc815\uce58 \ub9ac\uc2a4\ud06c)\uc73c\ub85c \ud3ec\ub9b0\ud2b8\uac00 \uc57d\ud574\uc9c0\uc9c0 \uc54a\ub294 \ud55c, 2\uc6d4\uacfc 3\uc6d4\uc5d0 \uac01\uac01 25bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8, 0.01%p\uc774\ubbc0\ub85c 25bp=0.25%p) \uae30\uc900\uae08\ub9ac \uc778\ud558\uac00 \uac00\ub2a5\ud558\ub2e4\uace0 \ud588\uc2b5\ub2c8\ub2e4.\n\n

Trading Risk And Hedging<\/h3>\n\uae08\ub9ac \ud2b8\ub808\uc774\ub354(\uae08\ub9ac \uc0c1\ud488\uc744 \uac70\ub798\ud558\ub294 \ucc38\uac00\uc790) \uc785\uc7a5\uc5d0\uc11c\ub294, \ub2e8\uae30 \uc2a4\uc651\uc5d0\uc11c \uace0\uc815\uae08\ub9ac\ub97c \ubc1b\ub294 \ud3ec\uc9c0\uc158\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4\ub294 \uc2e0\ud638\uc785\ub2c8\ub2e4. \uc2a4\uc651(\uc774\uc790 \uc9c0\uae09 \ubc29\uc2dd\uc744 \uc11c\ub85c \ubc14\uafb8\ub294 \uacc4\uc57d)\uc5d0\uc11c \u2018\uace0\uc815\uae08\ub9ac \ubc1b\uae30\u2019\ub294 \ud5a5\ud6c4 \uc2dc\uc7a5\uae08\ub9ac\uac00 \ub0b4\ub824\uac08 \ub54c \uc720\ub9ac\ud55c \uc804\ub7b5\uc785\ub2c8\ub2e4. \uc774\ub294 \uc218\uc775\ub960\uace1\uc120(\ub9cc\uae30\ubcc4 \uae08\ub9ac\uc758 \ubc30\uc5f4) \uc911 \ub2e8\uae30 \uad6c\uac04(\ud504\ub7f0\ud2b8\uc5d4\ub4dc, 1~2\ub144 \ub4f1 \uc9e7\uc740 \ub9cc\uae30)\uc774 \uc804\ubc18\uc801\uc73c\ub85c \ub0b4\ub824\uac08 \uac00\ub2a5\uc131\uc744 \ubcf8\ub2e4\ub294 \ub73b\uc785\ub2c8\ub2e4. \uc55e\uc73c\ub85c \uba87 \ub2ec \ub9cc\uae30\uc758 FRA(Forward Rate Agreement, \ubbf8\ub798\uc758 \ud2b9\uc815 \uae30\uac04 \uae08\ub9ac\ub97c \ubbf8\ub9ac \uc815\ud574\ub450\ub294 \uacc4\uc57d)\ub3c4 \ub9e4\ub825\uc801\uc77c \uc218 \uc788\ub294\ub370, \uc608\uc0c1\ub418\ub294 \uae30\uc900\uae08\ub9ac \uc778\ud558\ub97c \ube44\uad50\uc801 \uc9c1\uc811\uc801\uc73c\ub85c \ubc18\uc601\ud558\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4. 2023\ub144\uc5d0 \uc2dc\uc791\ub41c \uc644\ud654 \uad6d\uba74\uc744 \ub3cc\uc544\ubcf4\uba74, \u2018\ube44\ub458\uae30\ud30c\uc801\u2019(\ub354 \ub0ae\uc740 \uae08\ub9ac, \uc644\ud654\uc801 \uc815\ucc45\uc744 \uc120\ud638\ud558\ub294) \uc608\uc0c1 \ubc16 \uc2e0\ud638\uac00 \ub098\uc62c \ub54c \ub2e8\uae30 \uae08\ub9ac\uac00 \ube60\ub974\uac8c \uc7ac\ud3c9\uac00(\uc2dc\uc7a5 \uac00\uaca9\uc774 \uae09\ud788 \ub2e4\uc2dc \ub9e4\uaca8\uc9d0)\ub420 \uc218 \uc788\uc5c8\uc2b5\ub2c8\ub2e4.\n\n\uc77c\ubc18\uc801\uc73c\ub85c \uae08\ub9ac \uc778\ud558\ub294 \ud1b5\ud654\uc5d0 \ubd88\ub9ac\ud558\uc9c0\ub9cc, \ud3ec\ub9b0\ud2b8\ub294 2025\ub144 \ub0b4\ub0b4 \uac1c\uc120\ub41c \ub300\uc678\uc218\uc9c0(\ubb34\uc5ed\u00b7\uc11c\ube44\uc2a4\u00b7\uc18c\ub4dd \ub4f1\uc744 \ud569\uce5c \ud574\uc678\uc640\uc758 \ub3c8 \ud750\ub984) \ub355\ubd84\uc5d0 \ubc84\ud2f0\ub294 \ubaa8\uc2b5\uc744 \ubcf4\uc600\uc2b5\ub2c8\ub2e4. \ub2e4\ub9cc \uc720\ub85c\uc874\uacfc\uc758 \uae08\ub9ac \ucc28(\uae08\ub9ac \uaca9\ucc28)\uac00 \ub354 \uc904\uc5b4\ub4e4 \uac00\ub2a5\uc131\uc774 \uc788\uc5b4, \ud2b8\ub808\uc774\ub354\ub294 EUR\/HUF \ucf5c\uc635\uc158(\uc720\ub85c\ub97c \ud3ec\ub9b0\ud2b8\ub85c \uc0b4 \uad8c\ub9ac, \uc989 EUR\/HUF \uc0c1\uc2b9\uc5d0 \ubca0\ud305)\uc744 \ub9e4\uc218\ud558\ub294 \uac83\uc744 \uace0\ub824\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774 \uc804\ub7b5\uc740 \ud3ec\ub9b0\ud2b8 \uc57d\uc138(=EUR\/HUF \uc0c1\uc2b9)\uc5d0\uc11c \uc774\uc775 \uac00\ub2a5\uc131\uc744 \uc5f4\uc5b4\ub450\uba74\uc11c, \ud1b5\ud654\uac00 \uc608\uc0c1\uc678\ub85c \uac15\uc138\uc77c \ub54c \uc190\uc2e4\uc744 \uc81c\ud55c\ud569\ub2c8\ub2e4.\n\n\uc774 \uc815\ucc45 \uacbd\ub85c\ub294 \ub354 \ub113\uc740 \uacbd\uae30 \uc0c1\ud669\uacfc\ub3c4 \ub9de\ubb3c\ub9bd\ub2c8\ub2e4. 2025\ub144 4\ubd84\uae30 GDP(\uad6d\ub0b4\ucd1d\uc0dd\uc0b0, \ud55c \ub098\ub77c\uac00 \uc77c\uc815 \uae30\uac04\uc5d0 \uc0dd\uc0b0\ud55c \uc7ac\ud654\u00b7\uc11c\ube44\uc2a4\uc758 \ucd1d\ud569) \uc131\uc7a5\ub960\uc774 0.9%\uc5d0 \uadf8\uccd0 \uc131\uc7a5\uc138\uac00 \uc57d\ud558\ub2e4\ub294 \uc810\uc774 \ud655\uc778\ub410\uc2b5\ub2c8\ub2e4. \uc815\ubd80\uac00 \uc77c\ubd80 \ud488\ubaa9\uc5d0 \ub300\ud574 \uac00\uaca9 \ubc29\uc5b4 \uc870\uce58\ub97c \uc5f0\uc7a5\ud55c \uac83\uc740 \uc778\uc704\uc801\uc774\uc9c0\ub9cc, \ub2e8\uae30 \ubb3c\uac00 \uc9c0\ud45c\ub97c \ub354 \ub0ae\ucd94\ub294 \ud6a8\uacfc\uac00 \uc788\uc2b5\ub2c8\ub2e4. \uadf8\ub9cc\ud07c NBH(\ud5dd\uac00\ub9ac \uad6d\ub9bd\uc740\ud589)\uac00 \uae08\ub9ac\ub97c \uc870\uc815\ud560 \uc5ec\uc9c0\uac00 \ucee4\uc9d1\ub2c8\ub2e4. \uc774\ub294 2024\ub144 \ucd08 \uc644\ud654 \uad6d\uba74\uc5d0\uc11c \uae30\uc900\uae08\ub9ac\ub97c 13% \uace0\uc810\uc5d0\uc11c \ub2e8\uacc4\uc801\uc73c\ub85c \ub0b4\ub838\ub358 \ub54c\uc640 \ube44\uc2b7\ud569\ub2c8\ub2e4.\n\n\ub2e4\ub9cc \uc774 \uc644\ud654\uc801 \uc804\ub9dd\uc758 \uac00\uc7a5 \ud070 \uc704\ud5d8\uc740 \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uc774 \uac11\uc790\uae30 \ub192\uc544\uc9c0\ub294 \uac83\uc785\ub2c8\ub2e4. \uc5ed\uc0ac\uc801\uc73c\ub85c \ud3ec\ub9b0\ud2b8\ub294 \u2018\uc9c0\uc5ed \ud1b5\ud654\u2019(\uc2e0\ud765 \uc720\ub7fd\uad8c\uc5d0 \uc18d\ud574 \uc704\ud5d8\ud68c\ud53c \uc2ec\ub9ac\uc758 \uc601\ud5a5\uc744 \ud06c\uac8c \ubc1b\ub294 \ud1b5\ud654) \uc131\uaca9 \ub54c\ubb38\uc5d0 \ucda9\uaca9\uc744 \ud06c\uac8c \ubc1b\uc558\uc2b5\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \uc6b0\ud06c\ub77c\uc774\ub098 \uc804\uc7c1\uc774 \uc545\ud654\ub418\uba74 \uc548\uc804\uc790\uc0b0 \uc120\ud638(\ub9ac\uc2a4\ud06c \uc790\uc0b0\uc5d0\uc11c \ube60\uc838\ub098\uac00 \uc548\uc804\ud55c \uc790\uc0b0\uc73c\ub85c \uc774\ub3d9)\uac00 \ube60\ub974\uac8c \uc77c\uc5b4\ub098\uace0, \uc911\uc559\uc740\ud589\uc774 \uae08\ub9ac \uc778\ud558\ub97c \uba48\ucd9c \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub530\ub77c\uc11c \ud3ec\ub9b0\ud2b8\uc758 \u2018\ub0b4\uc7ac\ubcc0\ub3d9\uc131\u2019(\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \ud5a5\ud6c4 \ubcc0\ub3d9\uc131 \uae30\ub300\uce58) \uc9c0\ud45c\ub97c \ubaa8\ub2c8\ud130\ub9c1\ud558\ub294 \uac83\uc774 \uc911\uc694\ud569\ub2c8\ub2e4.\n\n\n

VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c \uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

\ud5dd\uac00\ub9ac 1\uc6d4 \ubb3c\uac00 2.1%, \uadfc\uc6d0 2.7%\ub85c 2019\ub144 \uc774\ud6c4 \uccab \ub3d9\ubc18 3% \ud558\ud68c! \uc815\ubd80 \uac00\uaca9\ubc29\ud328\u00b7\uac15\ud55c \ud3ec\ub9b0\ud2b8 \ub355\uc5d0 2~3\uc6d4 25bp \uc778\ud558 \uae30\ub300, \ud3ec\ub9b0\ud2b8 \uc57d\uc138 \ud5e4\uc9c0 \ud544\uc694. – 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-38179","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\/38179","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=38179"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38179\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=38179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=38179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=38179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}