{"id":38424,"date":"2026-02-17T04:24:21","date_gmt":"2026-02-17T04:24:21","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%bd%94%eb%a9%94%eb%a5%b4%ec%b8%a0%eb%b0%a9%ed%81%ac%eb%8a%94-%ea%b3%84%ec%a0%88%ec%a0%81-%eb%8c%80%ec%b6%9c%ec%9d%b4-%ea%b2%ac%ec%a1%b0%ed%95%98%ea%b2%8c-%ec%9c%a0%ec%a7%80%eb%90%98%eb%8a%94\/"},"modified":"2026-02-17T04:24:21","modified_gmt":"2026-02-17T04:24:21","slug":"%ec%bd%94%eb%a9%94%eb%a5%b4%ec%b8%a0%eb%b0%a9%ed%81%ac%eb%8a%94-%ea%b3%84%ec%a0%88%ec%a0%81-%eb%8c%80%ec%b6%9c%ec%9d%b4-%ea%b2%ac%ec%a1%b0%ed%95%98%ea%b2%8c-%ec%9c%a0%ec%a7%80%eb%90%98%eb%8a%94","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%bd%94%eb%a9%94%eb%a5%b4%ec%b8%a0%eb%b0%a9%ed%81%ac%eb%8a%94-%ea%b3%84%ec%a0%88%ec%a0%81-%eb%8c%80%ec%b6%9c%ec%9d%b4-%ea%b2%ac%ec%a1%b0%ed%95%98%ea%b2%8c-%ec%9c%a0%ec%a7%80%eb%90%98%eb%8a%94\/","title":{"rendered":"\ucf54\uba54\ub974\uce20\ubc29\ud06c\ub294 \uacc4\uc808\uc801 \ub300\ucd9c\uc774 \uacac\uc870\ud558\uac8c \uc720\uc9c0\ub418\ub294 \uac00\uc6b4\ub370, \uc778\ubbfc\uc740\ud589(PBoC)\uc774 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed)\ub97c \ubcf8\ub5a0 \uc775\uc77c \ud658\ub9e4\uc870\uac74\ubd80\ucc44\uad8c(Repo) \uae08\ub9ac\ub97c \ubaa9\ud45c\ub85c \uc0bc\uc744 \uc218 \uc788\ub2e4\uace0 \ubc1d\ud614\ub2e4."},"content":{"rendered":"\ucf54\uba54\ub974\uce20\ubc29\ud06c(Commerzbank)\uc758 \ub808\uc774(Lay)\uc640 \ub9bc(Lim)\uc740 \uc911\uad6d \uc778\ubbfc\uc740\ud589(PBoC: People\u2019s Bank of China, \uc911\uad6d\uc758 \uc911\uc559\uc740\ud589)\uc774 **\ud558\ub8fb\ubc24 \ud658\ub9e4\uc870\uac74\ubd80 \uac70\ub798\uae08\ub9ac(overnight repurchase rate, \uc624\ubc84\ub098\uc774\ud2b8 \ub808\ud3ec \uae08\ub9ac)**\ub97c \ud575\uc2ec \uc815\ucc45 \uc218\ub2e8\uc73c\ub85c \ubc14\uafc0 \uc218 \uc788\ub2e4\ub294 \ucd94\uce21\uc774 \ucee4\uc9c0\uace0 \uc788\ub2e4\uace0 \uc804\ud588\uc2b5\ub2c8\ub2e4. \uc774\ub294 PBoC\uc758 \ucd5c\uc2e0 \uc6d4\uac04 \ubcf4\uace0\uc11c \uc774\ud6c4 \ub098\uc628 \ub17c\uc758\ub85c, \ud574\ub2f9 \ubcf4\uace0\uc11c\ub294 \ucc44\uad8c\uc2dc\uc7a5 \ubd84\uc11d\ubcf4\ub2e4 **\uba38\ub2c8\ub9c8\ucf13(\ub2e8\uae30 \uc790\uae08\uc2dc\uc7a5) \ud750\ub984**\uc744 \ub354 \uc911\uc2dc\ud588\uace0, **\uc624\ubc84\ub098\uc774\ud2b8 \ub808\ud3ec \uae08\ub9ac**\uc640 **7\uc77c \uc5ed\ud658\ub9e4\uc870\uac74\ubd80 \uae08\ub9ac(7-day reverse repo rate, 7D RRP: \uc911\uc559\uc740\ud589\uc774 \uae08\uc735\uae30\uad00\uc5d0\uc11c \ub3c8\uc744 \ube4c\ub824\uc624\uba70 \uc801\uc6a9\ud558\ub294 7\uc77c\uc9dc\ub9ac \ub2e8\uae30 \uae30\uc900\uae08\ub9ac \uc131\uaca9\uc758 \uae08\ub9ac)**\ub97c \uc9c1\uc811 \ube44\uad50\ud588\uc2b5\ub2c8\ub2e4.\n\n\ub610\ud55c \uc774 \ubcf4\uace0\uc11c\ub294 \uc55e\uc11c \ubd84\uae30 \ubcf4\uace0\uc11c\uc5d0\uc11c **\ub2e8\uae30 \uae08\ub9ac\ub97c \uc815\ucc45 \ubaa9\ud45c \uc218\uc900 \uadfc\ucc98\uc5d0\uc11c \uc548\uc815\uc801\uc73c\ub85c \uc720\uc9c0**\ud558\uaca0\ub2e4\uace0 \ubc1d\ud78c \ub0b4\uc6a9\uacfc\ub3c4 \uc5f0\uacb0\ub429\ub2c8\ub2e4. 2024\ub144\uc5d0 PBoC\ub294 **7D RRP\ub97c \ud575\uc2ec \uc815\ucc45\uae08\ub9ac(\uc911\uc559\uc740\ud589\uc774 \uc2dc\uc7a5\uae08\ub9ac\ub97c \uc720\ub3c4\ud558\uae30 \uc704\ud574 \uac00\uc7a5 \uc911\uc2ec\uc73c\ub85c \uc4f0\ub294 \uae30\uc900 \uc5ed\ud560\uc758 \uae08\ub9ac)**\ub85c \uacf5\uc2dd\ud654\ud558\uba70, **\uc911\uae30\uc720\ub3d9\uc131\uc9c0\uc6d0\ucc3d\uad6c(MLF: medium-term lending facility, \uc911\uc559\uc740\ud589\uc774 \uc740\ud589\uc5d0 \uc911\uae30(\uba87 \ub2ec~1\ub144 \uc548\ud30e) \uc790\uae08\uc744 \ube4c\ub824\uc8fc\ub294 \uc81c\ub3c4)**\ub97c \ub300\uccb4\ud588\uc2b5\ub2c8\ub2e4.\n\n

\uc815\ucc45 \uae30\uc900\uc73c\ub85c\uc11c\uc758 \uc624\ubc84\ub098\uc774\ud2b8 \ub808\ud3ec \uae08\ub9ac<\/h3>\n\uc624\ubc84\ub098\uc774\ud2b8 \ub808\ud3ec \uae08\ub9ac\ub85c\uc758 \uc774\ub3d9\uc740 \ub354 \uc9e7\uc740 \uae30\uac04\uc758 \uae08\ub9ac\ub97c \ubaa9\ud45c\ub85c \uc0bc\ub294 \ubc29\ud5a5\uc73c\ub85c \ud55c \ub2e8\uacc4 \ub354 \ub098\uc544\uac00\ub294 \uac83\uc774\uba70, \ubbf8\uad6d \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed: US Federal Reserve, \ubbf8\uad6d \uc911\uc559\uc740\ud589)\uc758 \ubc29\uc2dd\uacfc \ub354 \ube44\uc2b7\ud574\uc9c0\ub294 \ubcc0\ud654\uc785\ub2c8\ub2e4. \uae30\uc0ac\uc5d0\uc11c\ub294 \ucd5c\uadfc \uc720\ub3d9\uc131(\uc2dc\uc7a5\uc5d0 \ub3c4\ub294 \ud604\uae08\u00b7\uc790\uae08 \uc5ec\uc720) \uc0c1\ud669\uc758 \ubc30\uacbd\uc73c\ub85c **\uc815\ubd80\uc758 \uad6d\ucc44 \ubc1c\ud589\uc744 \uc55e\ub2f9\uaca8 \ud06c\uac8c \uc9c4\ud589\ud55c \uc810**\ub3c4 \uc5b8\uae09\ud569\ub2c8\ub2e4.\n\n1\uc6d4 \uc2e0\uc6a9(\ub300\ucd9c \ub4f1 \uc790\uae08\uacf5\uae09) \uc99d\uac00 \uaddc\ubaa8\ub294 4\uc8707\ucc9c\uc5b5 \uc704\uc548(CNY4.7tn)\uc774\uc5c8\uace0, 2025\ub144 \uac19\uc740 \uae30\uac04\uc758 5\uc8701\ucc9c\uc5b5 \uc704\uc548(CNY5.1tn)\uacfc \ube44\uad50\ub429\ub2c8\ub2e4. \uc774\ubc88 \uc99d\uac00\ub294 \uacc4\uc808\uc801 \uc694\uc778\uacfc \uad00\ub828\uc774 \uc788\uc5c8\ub294\ub370, \uc740\ud589\ub4e4\uc774 \uc0c8\ub85c \ubc30\uc815\ubc1b\uc740 \ub300\ucd9c \ud55c\ub3c4\ub97c \ucc44\uc6b0\uae30 \uc704\ud574 \ub300\ucd9c\uc744 \ub298\ub9b0 \ubc18\uba74, \uac00\uacc4\uc640 \uae30\uc5c5 \ub300\ucd9c \uc99d\uac00\uc138\ub294 \uc5ec\uc804\ud788 \uc57d\ud588\uc2b5\ub2c8\ub2e4.\n\n\uc911\uad6d \uc778\ubbfc\uc740\ud589\uc774 \ud575\uc2ec \uc815\ucc45 \uc218\ub2e8\uc744 \uc624\ubc84\ub098\uc774\ud2b8 \ub808\ud3ec \uae08\ub9ac\ub85c \uc62e\uae38 \uc218 \uc788\ub2e4\ub294 \uc2e0\ud638\uac00 \ubcf4\uc774\uba70, \uc774\ub294 \ubbf8\uad6d \uc5f0\uc900\uc758 \uc6b4\uc601 \ubc29\uc2dd\uacfc \ub354 \ub2ee\uac8c \ub9cc\ub4e4 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774 \ubcc0\ud654\ub294 \ub2e8\uae30 \uc790\uae08\uc2dc\uc7a5\uc758 \uc548\uc815\uc131\uc744 \ub192\uc774\ub824\ub294 \ubaa9\uc801\uc785\ub2c8\ub2e4. \ud2b8\ub808\uc774\ub354 \uc785\uc7a5\uc5d0\uc11c\ub294 \uc774\ub294 **\uae08\ub9ac\uace1\uc120(\ub9cc\uae30\ubcc4 \uae08\ub9ac\uc758 \ubc30\uc5f4)\uc5d0\uc11c \uac00\uc7a5 \ub2e8\uae30 \uad6c\uac04**\uc744 \uae30\uc900\uc5d0 \ubb36\uc5b4(\uc575\ucee4\u00b7anchor: \uc911\uc2ec\uc744 \uc7a1\uc544 \uace0\uc815\uc5d0 \uac00\uae5d\uac8c \ub9cc\ub4e6) **\uc77c\ubcc4 \ubcc0\ub3d9\uc131(\ud558\ub8e8 \ub2e8\uc704\ub85c \ud06c\uac8c \ud754\ub4e4\ub9ac\ub294 \ud3ed)**\uc744 \uc904\uc774\ub824\ub294 \uc758\ub3c4\ub85c \ud574\uc11d\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n\n1\uc6d4\uc758 \uac15\ud55c \uc2e0\uc6a9 \uc99d\uac00 \uc218\uce58\ub294 \uc2e4\uc81c \uacbd\uc81c\uac00 \uac15\ud558\ub2e4\ub294 \uc2e0\ud638\ub77c\uae30\ubcf4\ub2e4, \ubbfc\uac04 \uc218\uc694\uac00 \uc544\ub2c8\ub77c \uacc4\uc808\uc801 \uc815\ubd80\uc131 \uc790\uae08\uacf5\uae09\uc5d0 \uc758\ud574 \ucee4\uc9c4 \uce21\uba74\uc774 \ud07d\ub2c8\ub2e4. \uc774\ub294 \uc6b0\ub9ac\uac00 \ubcf4\uc544\uc628 \uad6c\uc870\uc801 \uc57d\uc138\uac00 \uc774\uc5b4\uc9c0\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc8fc\uba70, \ucd5c\uadfc 2025\ub144 4\ubd84\uae30 GDP(\uad6d\ub0b4\ucd1d\uc0dd\uc0b0: \ud55c \ub098\ub77c\uac00 \uc77c\uc815 \uae30\uac04 \uc0dd\uc0b0\ud55c \uc7ac\ud654\u00b7\uc11c\ube44\uc2a4\uc758 \ucd1d\ud569) \uc218\uce58\uac00 \uc804\ub9dd\uce58\ub97c \uc18c\ud3ed \ubc11\ub3c8 \uc810\uacfc\ub3c4 \ub9de\ub2ff\uc544 \uc788\uc2b5\ub2c8\ub2e4. \ub610\ud55c \ucd5c\uc2e0 \ubcf4\uace0\uc11c\uc5d0\uc11c 2026\ub144 1\uc6d4 \ubb3c\uac00\uc0c1\uc2b9\ub960(\uc778\ud50c\ub808\uc774\uc158)\uc774 \uc804\ub144 \ub300\ube44 0.4%\ub85c \ub0ae\uc740 \uc218\uc900(\ubb3c\uac00 \uc555\ub825\uc774 \uc57d\ud55c \uc0c1\ud0dc)\uc73c\ub85c \ub098\ud0c0\ub098, **\ud1b5\ud654\uc644\ud654(\uae08\ub9ac \uc778\ud558 \ub4f1\uc73c\ub85c \ub3c8\uc744 \ub354 \uc27d\uac8c \ube4c\ub9ac\uac8c \ud574 \uacbd\uae30\ub97c \ub5a0\ubc1b\uce58\ub294 \uc815\ucc45)** \ud544\uc694\uc131\uc774 \ucee4\uc9c0\uace0 \uc788\uc2b5\ub2c8\ub2e4.\n\n

\ub9e4\ub9e4(\ud2b8\ub808\uc774\ub529) \uc758\ubbf8\uc640 \uc704\uc548\ud654(\uc704\uc548) \ud558\ub77d \uc704\ud5d8<\/h3>\n\uc774 \ud658\uacbd\uc5d0\uc11c\ub294 \uae08\ub9ac \ud558\ub77d\uc5d0 \ubca0\ud305\ud558\ub294 \ud3ec\uc9c0\uc158\uc774 \ub354 \uc790\uc5f0\uc2a4\ub7ec\uc6b4 \uc120\ud0dd\uc73c\ub85c \ubcf4\uc785\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4 **\ub2e8\uae30 \uae08\ub9ac\uc2a4\uc651(interest rate swap: \ubcc0\ub3d9\uae08\ub9ac\uc640 \uace0\uc815\uae08\ub9ac\ub97c \uc11c\ub85c \uad50\ud658\ud558\ub294 \uacc4\uc57d)\uc5d0\uc11c \uace0\uc815\uae08\ub9ac\ub97c \ubc1b\ub294(receiving fixed: \uace0\uc815\uae08\ub9ac\ub97c \u2018\ubc1b\ub294\u2019 \ucabd\uc5d0 \uc11c\uc11c \uae08\ub9ac \ud558\ub77d \uc2dc \uc720\ub9ac\ud574\uc9c0\ub294 \ud3ec\uc9c0\uc158)** \uac70\ub798\ub97c \uace0\ub824\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc911\uc559\uc740\ud589\uc774 \uc57d\ud55c \uac00\uacc4\u00b7\uae30\uc5c5 \ubd80\ubb38\uc744 \uc0b4\ub9ac\uae30 \uc704\ud574 \uae08\ub9ac\ub97c \ub0b4\ub824\uc57c \ud55c\ub2e4\ub294 \ucabd\uc5d0 \ubca0\ud305\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. PBoC\uac00 \uc548\uc815\uc5d0 \ucd08\uc810\uc744 \ub450\uace0 \uc788\uace0 \ubb3c\uac00 \uc555\ub825\uc774 \uc57d\ud558\ub2e4\ub294 \uc810\uc740 \uc815\ucc45\uc744 \uc4f0\uae30 \uc26c\uc6b4 \ud658\uacbd\uc744 \ub9cc\ub4ed\ub2c8\ub2e4.\n\n\uc774 \uc815\ucc45 \ubc29\ud5a5\uc740 \uc704\uc548\ud654\uc5d0 \ud558\ub77d \uc555\ub825\uc744 \uc904 \uac00\ub2a5\uc131\ub3c4 \ud07d\ub2c8\ub2e4. 2025\ub144\uc5d0 \ubcf4\uc558\ub4ef\uc774, \uad6d\ub0b4 \uc131\uc7a5\uc5d0 \ub300\ud55c \uc6b0\ub824\uac00 \ucee4\uc9c8 \ub54c \uc704\uc548\ud654\ub294 \ub2ec\ub7ec \ub300\ube44 \uc57d\uc138\ub97c \ubcf4\uc600\uc2b5\ub2c8\ub2e4. \ub2e4\ub978 \ub098\ub77c\uc758 \uc815\ucc45 \ubc29\ud5a5\uacfc \ub300\ube44\ud574 \uc911\uad6d\uc758 \uae08\ub9ac \uc778\ud558 \uac00\ub2a5\uc131\uc774 \ucee4\uc9c0\ub294 \ub9cc\ud07c, \ucd94\uac00 \ud558\ub77d(\uac00\uce58 \ud558\ub77d)\uc5d0 \uc774\uc775\uc774 \ub098\ub294 **\uc635\uc158(options: \ud2b9\uc815 \uac00\uaca9\uc5d0 \uc0ac\uace0\ud314 \uad8c\ub9ac\ub97c \ubbf8\ub9ac \uc815\ud574\ub450\ub294 \uacc4\uc57d)** \ub9e4\uc218\ub97c \uac80\ud1a0\ud560 \uc218 \uc788\uc2b5\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":"

\uc911\uad6d \ud1b5\ud654\uc815\ucc45\uc774 \ubc14\ub010\ub2e4? PBoC\uac00 7\uc77c\ubb3c \ub300\uc2e0 \uc775\uc77c \ub808\ud3ec\uae08\ub9ac\ub97c \uc815\ucc45 \uc575\ucee4\ub85c \uac80\ud1a0 \uc911\uc774\ub2e4. \uacc4\uc808\uc801 \uc2e0\uc6a9\uc99d\uac00, \uc800\ubb3c\uac00\ub85c \uc644\ud654 \uc5ec\uc9c0 \ud655\ub300. \uae08\ub9ac \ud558\ub77d\u00b7\uc704\uc548 \uc57d\uc138 \uac70\ub798 \uc2e0\ud638. – 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-38424","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\/38424","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=38424"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38424\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=38424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=38424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=38424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}