{"id":38576,"date":"2026-02-18T15:32:24","date_gmt":"2026-02-18T15:32:24","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/mufg%ec%9d%98-%eb%8d%b0%eb%a6%ad-%ed%95%a0%ed%8e%98%eb%8b%88%eb%8a%94-1%ec%9b%94-%ec%98%81%ea%b5%ad-cpi%ea%b0%80-%ec%98%88%ec%83%81%ec%b9%98%eb%a5%bc-%ec%83%81%ed%9a%8c%ed%96%88%ec%9c%bc%eb%a9%b0\/"},"modified":"2026-02-18T15:32:24","modified_gmt":"2026-02-18T15:32:24","slug":"mufg%ec%9d%98-%eb%8d%b0%eb%a6%ad-%ed%95%a0%ed%8e%98%eb%8b%88%eb%8a%94-1%ec%9b%94-%ec%98%81%ea%b5%ad-cpi%ea%b0%80-%ec%98%88%ec%83%81%ec%b9%98%eb%a5%bc-%ec%83%81%ed%9a%8c%ed%96%88%ec%9c%bc%eb%a9%b0","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/mufg%ec%9d%98-%eb%8d%b0%eb%a6%ad-%ed%95%a0%ed%8e%98%eb%8b%88%eb%8a%94-1%ec%9b%94-%ec%98%81%ea%b5%ad-cpi%ea%b0%80-%ec%98%88%ec%83%81%ec%b9%98%eb%a5%bc-%ec%83%81%ed%9a%8c%ed%96%88%ec%9c%bc%eb%a9%b0\/","title":{"rendered":"MUFG\uc758 \ub370\ub9ad \ud560\ud398\ub2c8\ub294 1\uc6d4 \uc601\uad6d CPI\uac00 \uc608\uc0c1\uce58\ub97c \uc0c1\ud68c\ud588\uc73c\uba70 \uc11c\ube44\uc2a4 \ubb3c\uac00\uc640 \uadfc\uc6d0 \ubb3c\uac00\uac00 \uc0c1\uc2b9\ud588\uc9c0\ub9cc \uc804\ubc18\uc801\uc778 \ub514\uc2a4\uc778\ud50c\ub808\uc774\uc158\uc740 \uacc4\uc18d\ub418\uace0 \uc788\ub2e4\uace0 \ub9d0\ud588\ub2e4."},"content":{"rendered":"\uc601\uad6d\uc758 1\uc6d4 \uc18c\ube44\uc790\ubb3c\uac00 \uc0c1\uc2b9\ub960(CPI)\uc740 \uc608\uc0c1\ubcf4\ub2e4 \uc57d\uac04 \ub192\uac8c \ub098\uc654\uace0, **\uadfc\uc6d0 \ubb3c\uac00**\uc640 **\uc11c\ube44\uc2a4 \ubb3c\uac00**\uac00 \uc804\ub9dd\ubcf4\ub2e4 \ub354 \ud06c\uac8c \uc62c\ub790\uc2b5\ub2c8\ub2e4. \uc804\ubc18\uc801\uc73c\ub85c\ub294 **\ubb3c\uac00 \uc0c1\uc2b9 \ub454\ud654(\ub514\uc2a4\uc778\ud50c\ub808\uc774\uc158)** \ud750\ub984\uc774 \uc720\uc9c0\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4. \n– **CPI(\uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218)**: \uac00\uacc4\uac00 \uc790\uc8fc \uc0ac\ub294 \uc0c1\ud488\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9\uc758 \ud3c9\uade0 \ubcc0\ud654\ub97c \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c \n– **\uadfc\uc6d0 \ubb3c\uac00(Core inflation)**: \ubcc0\ub3d9\uc774 \ud070 \uc2dd\ub8cc\ud488\u00b7\uc5d0\ub108\uc9c0 \ub4f1\uc744 \uc81c\uc678\ud574 \u2018\uae30\ubcf8\uc801\uc778 \ubb3c\uac00 \ud750\ub984\u2019\uc744 \ubcf8 \uac83 \n– **\uc11c\ube44\uc2a4 \ubb3c\uac00(Services inflation)**: \uc678\uc2dd, \uc219\ubc15, \uad50\ud1b5, \uc758\ub8cc, \uad50\uc721 \ub4f1 \u2018\uc11c\ube44\uc2a4\u2019 \uac00\uaca9 \uc0c1\uc2b9\ub960 \n– **\ub514\uc2a4\uc778\ud50c\ub808\uc774\uc158(Disinflation)**: \ubb3c\uac00\uac00 \uc624\ub974\uae34 \ud558\uc9c0\ub9cc, \uc624\ub974\ub294 \uc18d\ub3c4\uac00 \ub290\ub824\uc9c0\ub294 \ud604\uc0c1(\ubb3c\uac00\uac00 \ub5a8\uc5b4\uc9c0\ub294 \u2018\ub514\ud50c\ub808\uc774\uc158\u2019\uacfc \ub2e4\ub984)\n\n\uc2dc\uc7a5\uc758 \uad00\uc2ec\uc740 3\uc6d4 \ud1b5\ud654\uc815\ucc45\ud68c\uc758\uc5d0\uc11c **\uc601\ub780\uc740\ud589(BOE)** \uc774 **\uae08\ub9ac 25bp \uc778\ud558**\ub97c \ud560\uc9c0\uc5d0 \uacc4\uc18d \uc3e0\ub824 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc804\ub0a0 \ubc1c\ud45c\ub41c \uc601\uad6d \uace0\uc6a9 \uc9c0\ud45c\uac00 \uc57d\ud558\uac8c \ub098\uc628 \ub4a4\uc758 \ud750\ub984\uc785\ub2c8\ub2e4. \n– **bp(\ubca0\uc774\uc2dc\uc2a4 \ud3ec\uc778\ud2b8)**: \uae08\ub9ac 0.01%p. 25bp = 0.25%p \n– **\ud1b5\ud654\uc815\ucc45\ud68c\uc758**: \uc911\uc559\uc740\ud589\uc774 \uae30\uc900\uae08\ub9ac \ub4f1\uc744 \uacb0\uc815\ud558\ub294 \ud68c\uc758\n\n

\uc11c\ube44\uc2a4 \ubb3c\uac00, \ub610\ub2e4\uc2dc \uc608\uc0c1 \ubc16<\/h3>\n\uc804\ub144 \ub300\ube44 \uc11c\ube44\uc2a4 CPI\ub294 4.4%\ub97c \uae30\ub85d\ud588\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc601\ub780\uc740\ud589 \uc804\ub9dd\uce58 4.1%\ub97c \uc6c3\ub3d5\ub2c8\ub2e4.\n\nCPI \ubc1c\ud45c \uc774\ud6c4 3\uc6d4\uc5d0 25bp \uc778\ud558\uac00 \uc788\uc744 \uac83\uc774\ub77c\ub294 **\uc2dc\uc7a5 \ubc18\uc601(\uac00\uaca9\uc5d0 \uc774\ubbf8 \ud3ec\ud568\ub41c \uae30\ub300)** \uc740 \ub2e4\uc18c \uc57d\ud574\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774 \uc9c0\ud45c\ub294 \uc804\ub0a0 \uae09\ub77d\ud588\ub358 \ud30c\uc6b4\ub4dc\ud654\uc5d0 \uc77c\ubd80 \uc9c0\uc9c0 \uc694\uc778\uc774 \ub420 \uc218\ub3c4 \uc788\uc2b5\ub2c8\ub2e4.\n\n2026\ub144 1\uc6d4 \uc601\uad6d\uc758 \ucd5c\uc2e0 \ubb3c\uac00 \uc9c0\ud45c\ub294 \uc2dc\uc7a5\uc5d0 \ub69c\ub837\ud55c \ubd88\ud655\uc2e4\uc131\uc744 \ub9cc\ub4e4\uc5c8\uc2b5\ub2c8\ub2e4. **\uc804\uccb4 CPI(\ud5e4\ub4dc\ub77c\uc778 CPI)** \ub294 2.9%\ub85c \uc18c\ud3ed \uc62c\ub790\uc9c0\ub9cc, **\uc11c\ube44\uc2a4 \ubb3c\uac00**\ub294 3.8%\ub85c \ub192\uac8c \uc720\uc9c0\ub3fc \uc601\ub780\uc740\ud589\uc758 \ubaa9\ud45c\ub97c \ud06c\uac8c \uc6c3\ub3cc\uc558\uc2b5\ub2c8\ub2e4. \uc774 \ub54c\ubb38\uc5d0 \uc2dc\uc7a5 \ucc38\uc5ec\uc790\ub4e4\uc740 3\uc6d4 \ud68c\uc758\uc5d0\uc11c \uc911\uc559\uc740\ud589\uc774 \uae08\ub9ac \uc778\ud558\ub97c \uc7ac\uac1c\ud560\uc9c0\uc5d0 \ub300\ud574 \uc758\uacac\uc774 \uac08\ub9ac\uace0 \uc788\uc2b5\ub2c8\ub2e4. \n– **\ud5e4\ub4dc\ub77c\uc778 CPI(\uc804\uccb4 CPI)**: \uc2dd\ub8cc\ud488\u00b7\uc5d0\ub108\uc9c0 \ub4f1\uc744 \ud3ec\ud568\ud55c \u2018\uc804\uccb4\u2019 \ubb3c\uac00 \n– **\ubaa9\ud45c(\uc778\ud50c\ub808\uc774\uc158 \ubaa9\ud45c)**: \uc911\uc559\uc740\ud589\uc774 \uc911\uae30\uc801\uc73c\ub85c \ub9de\ucd94\ub824\ub294 \ubb3c\uac00 \uc218\uc900(\uc601\uad6d\uc740 \ud1b5\uc0c1 2%\uac00 \ubaa9\ud45c\ub85c \uc54c\ub824\uc9d0)\n\n2025\ub144 \uac19\uc740 \uc2dc\uae30\uc5d0 \ub9e4\uc6b0 \ube44\uc2b7\ud55c \uc0c1\ud669\uc774 \uc788\uc5c8\uace0, \ucc38\uace0\uac00 \ub429\ub2c8\ub2e4. \ub2f9\uc2dc\uc5d0\ub3c4 \uc11c\ube44\uc2a4 \ubb3c\uac00\uac00 \uc608\uc0c1\ubcf4\ub2e4 \uac15\ud558\uac8c \ub098\uc624\uba70 \uc911\uc559\uc740\ud589\uc774 \uae08\ub9ac\ub97c \ub0b4\ub9b4 \uac83\uc774\ub77c\ub294 \ud750\ub984\uc5d0 \uc81c\ub3d9\uc774 \uac78\ub838\uc2b5\ub2c8\ub2e4. \uadf8 \uacb0\uacfc 2025\ub144 3\uc6d4 \uae08\ub9ac \uc778\ud558\uac00 \ud0c0\ub2f9\ud55c\uc9c0\uc5d0 \ub300\ud55c \ub17c\uc7c1\uc774 \ucee4\uc84c\uc2b5\ub2c8\ub2e4.\n\n

3\uc6d4 \ud68c\uc758\uae4c\uc9c0\uc758 \uc635\uc158 \uc804\ub7b5<\/h3>\n2025\ub144 \ucd08\uc5d0\ub294 \uc11c\ube44\uc2a4 \ubb3c\uac00\uac00 \ub192\uc558\uc9c0\ub9cc, \uc774\ud6c4 \uace0\uc6a9 \uc9c0\ud45c\uac00 \uc57d\ud558\uac8c \ub098\uc624\uba74\uc11c \uc815\ucc45 \uacb0\uc815\uc790\ub4e4\uc774 \uc6c0\uc9c1\uc77c \ub9cc\ud07c \ucda9\ubd84\ud55c \uadfc\uac70\uac00 \ub410\uc2b5\ub2c8\ub2e4. \uc601\ub780\uc740\ud589\uc740 \uacb0\uad6d 2025\ub144 3\uc6d4\uc5d0 25bp \uc778\ud558\ub97c \ub2e8\ud589\ud588\uace0, \uae30\ubcf8\uc801\uc778 \ubb3c\uac00 \ub454\ud654 \ud750\ub984\uacfc \uacbd\uae30 \uc57d\uc138\uac00 \ub354 \uc911\uc694\ud558\ub2e4\ub294 \uc810\uc774 \ud655\uc778\ub410\uc2b5\ub2c8\ub2e4.\n\n\ud558\uc9c0\ub9cc \uc9c0\uae08\uc740 \uc0c1\ud669\uc774 \ub2e4\ub985\ub2c8\ub2e4. \ud604\uc7ac **\uae30\uc900\uae08\ub9ac(Bank Rate)** \ub294 4.0%\ub85c, 2024\ub144 \ub300\ubd80\ubd84 \uae30\uac04\uc758 \uace0\uc810 5.25%\ubcf4\ub2e4 \ud06c\uac8c \ub0ae\uc2b5\ub2c8\ub2e4. 2025\ub144 4\ubd84\uae30 \uc601\uad6d **GDP(\uad6d\ub0b4\ucd1d\uc0dd\uc0b0)** \uc131\uc7a5\ub960\uc774 0.1%\uc5d0 \uadf8\uce58\uba74\uc11c, \uae08\ub9ac\ub97c \ub108\ubb34 \ube68\ub9ac \ub0b4\ub824 \ubb3c\uac00\uac00 \ub2e4\uc2dc \uc624\ub974\ub294 \uc704\ud5d8\uacfc \uacbd\uae30 \ud68c\ubcf5\uc744 \uaebe\ub294 \uc704\ud5d8\uc744 \ud568\uaed8 \uc800\uc6b8\uc9c8\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \n– **\uae30\uc900\uae08\ub9ac(Bank Rate)**: \uc911\uc559\uc740\ud589\uc774 \uc815\ud558\ub294 \ub300\ud45c \uae08\ub9ac\ub85c, \ub300\ucd9c\u00b7\uc608\uae08 \uae08\ub9ac\uc5d0 \ud070 \uc601\ud5a5 \n– **GDP(\uad6d\ub0b4\ucd1d\uc0dd\uc0b0)**: \uc77c\uc815 \uae30\uac04 \ud55c \ub098\ub77c\uc5d0\uc11c \ub9cc\ub4e4\uc5b4\uc9c4 \uc7ac\ud654\u00b7\uc11c\ube44\uc2a4\uc758 \ucd1d\ud569(\uacbd\uae30 \uaddc\ubaa8\u00b7\uc131\uc7a5 \uc815\ub3c4\ub97c \ubcf4\uc5ec\uc90c)\n\n\ubd88\ud655\uc2e4\uc131\uc774 \ud070 \ub9cc\ud07c, \ubc29\ud5a5\uacfc \uc0c1\uad00\uc5c6\uc774 \uac00\uaca9\uc774 \ud06c\uac8c \uc6c0\uc9c1\uc774\uba74 \uc774\uc775\uc774 \ub0a0 \uc218 \uc788\ub294 \uc804\ub7b5\uc744 \uace0\ub824\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4 **GBP\/USD \uc2a4\ud2b8\ub798\ub4e4(straddle)** \uc740 3\uc6d4 \ub9cc\uae30(\ub9cc\ub8cc\uc77c)\uc758 **\ucf5c\uc635\uc158** \uacfc **\ud48b\uc635\uc158** \uc744 \ud568\uaed8 \uc0ac\ub294 \ubc29\ubc95\uc785\ub2c8\ub2e4. \uc601\ub780\uc740\ud589 \uacb0\uc815 \uc774\ud6c4 \ud30c\uc6b4\ub4dc\uac00 \ud06c\uac8c \uc624\ub974\uac70\ub098 \ud06c\uac8c \ub0b4\ub9ac\uba74 \uc774 \ud3ec\uc9c0\uc158\uc774 \uc774\uc775\uc774 \ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \n– **\uc635\uc158**: \ud2b9\uc815 \ub0a0\uc9dc(\ub9cc\uae30)\uae4c\uc9c0 \ubbf8\ub9ac \uc815\ud55c \uac00\uaca9\uc73c\ub85c \uc0b4\/\ud314 \u2018\uad8c\ub9ac\u2019(\uc758\ubb34\ub294 \uc544\ub2d8) \n– **\ucf5c\uc635\uc158(call)**: \uc624\ub97c \ub54c \uc720\ub9ac(\uc0b4 \uad8c\ub9ac) \n– **\ud48b\uc635\uc158(put)**: \ub0b4\ub9b4 \ub54c \uc720\ub9ac(\ud314 \uad8c\ub9ac) \n– **\uc2a4\ud2b8\ub798\ub4e4**: \ucf5c\uacfc \ud48b\uc744 \ub3d9\uc2dc\uc5d0 \uc0ac\uc11c \u2018\ud070 \ubcc0\ub3d9\u2019\uc5d0 \ubca0\ud305 \n– **GBP\/USD**: \ud30c\uc6b4\ub4dc\/\ub2ec\ub7ec \ud658\uc728\n\n\ud604\uc7ac \uc2dc\uc7a5\uc740 \uc774 \uc804\ub7b5\uc5d0 \ube44\uad50\uc801 \uc720\ub9ac\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ud30c\uc6b4\ub4dc\ud654\uc758 1\uac1c\uc6d4 **\ub0b4\uc7ac \ubcc0\ub3d9\uc131(implied volatility)** \uc774 \uc57d 6.5%\ub85c \ub0ae\uc740 \ud3b8\uc774\ub77c, \uc635\uc158 \uac00\uaca9(\ud504\ub9ac\ubbf8\uc5c4)\uc774 \ube44\uad50\uc801 \uc2f8\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4. \uc774\ub294 3\uc6d4 \uc815\ucc45\ud68c\uc758\uac00 \uac00\uae4c\uc6cc\uc9c0\uba70 \uc2dc\uc7a5 \uae30\ub300\uac00 \ub2e4\uc2dc \uac00\uaca9\uc5d0 \ubc18\uc601\ub420 \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud558\ub294 \ube44\uc6a9 \ud6a8\uc728\uc801\uc778 \ubc29\ubc95\uc774 \ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \n– **\ub0b4\uc7ac \ubcc0\ub3d9\uc131**: \uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \u2018\uc55e\uc73c\ub85c \uc5bc\ub9c8\ub098 \ud06c\uac8c \uc6c0\uc9c1\uc77c\uc9c0\u2019\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \uc608\uc0c1 \n– **\ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \ud504\ub9ac\ubbf8\uc5c4)**: \uc635\uc158\uc744 \uc0ac\uae30 \uc704\ud574 \ub0b4\ub294 \uac00\uaca9\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":"

1\uc6d4 \uc601\uad6d \ubb3c\uac00\uac00 \uc608\uc0c1\ubcf4\ub2e4 \ub192\uc544 BOE\uc758 3\uc6d4 \uae08\ub9ac\uc778\ud558\uac00 \ud754\ub4e4\ub9b0\ub2e4. \uc11c\ube44\uc2a4\u00b7\uadfc\uc6d0 \uc778\ud50c\ub808\uac00 \uc11c\ud504\ub77c\uc774\uc988, \uacbd\uae30\ub454\ud654\uc640 \ucda9\ub3cc. \ubd88\ud655\uc2e4\uc131 \ucee4\uc838 GBP\/USD \uc2a4\ud2b8\ub798\ub4e4 \uc804\ub7b5\uc774 \uc720\ud6a8. – 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-38576","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\/38576","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=38576"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38576\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=38576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=38576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=38576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}