{"id":38822,"date":"2026-02-21T02:34:02","date_gmt":"2026-02-21T02:34:02","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/uob%eb%8a%94-%eb%82%ae%ec%9d%80-%ec%84%b1%ec%9e%a5%ea%b3%bc-%eb%91%94%ed%99%94%eb%90%9c-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%86%8d%ec%97%90%ec%84%9c-%ed%83%9c%ea%b5%ad-%ec%a4%91%ec%95%99\/"},"modified":"2026-02-21T02:34:02","modified_gmt":"2026-02-21T02:34:02","slug":"uob%eb%8a%94-%eb%82%ae%ec%9d%80-%ec%84%b1%ec%9e%a5%ea%b3%bc-%eb%91%94%ed%99%94%eb%90%9c-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%86%8d%ec%97%90%ec%84%9c-%ed%83%9c%ea%b5%ad-%ec%a4%91%ec%95%99","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/uob%eb%8a%94-%eb%82%ae%ec%9d%80-%ec%84%b1%ec%9e%a5%ea%b3%bc-%eb%91%94%ed%99%94%eb%90%9c-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%86%8d%ec%97%90%ec%84%9c-%ed%83%9c%ea%b5%ad-%ec%a4%91%ec%95%99\/","title":{"rendered":"UOB\ub294 \ub0ae\uc740 \uc131\uc7a5\uacfc \ub454\ud654\ub41c \uc778\ud50c\ub808\uc774\uc158 \uc18d\uc5d0\uc11c \ud0dc\uad6d \uc911\uc559\uc740\ud589\uc774 \ub9c8\uc9c0\ub9c9\uc73c\ub85c 25bp(0.25%p) \uae08\ub9ac \uc778\ud558\ub97c \ub2e8\ud589\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ud55c\ub2e4."},"content":{"rendered":"\ud0dc\uad6d \uacbd\uc81c\ub294 **\uc800\uc131\uc7a5(\uc131\uc7a5\uc774 \ub290\ub9bc)**, **\uc800\ubb3c\uac00(\ubb3c\uac00 \uc0c1\uc2b9\uc774 \ub0ae\uc74c)** \uc0c1\ud0dc\ub85c \uc124\uba85\ub41c\ub2e4. \uc815\ubd80\uc758 \uacf5\uc2dd \uc804\ub9dd\uc5d0 \ub530\ub974\uba74 2026\ub144 **GDP \uc131\uc7a5\ub960(GDP: \ud55c \ub098\ub77c\uc5d0\uc11c \uc77c\uc815 \uae30\uac04 \ub3d9\uc548 \uc0dd\uc0b0\ud55c \uc7ac\ud654\u00b7\uc11c\ube44\uc2a4\uc758 \ucd1d\uc561)**\uc740 1.5~2.5%(\uc911\uac04\uac12 2.0%)\uc774\uace0, **\ud5e4\ub4dc\ub77c\uc778 \uc778\ud50c\ub808\uc774\uc158(\uc804\uccb4 \uc18c\ube44\uc790\ubb3c\uac00 \uc0c1\uc2b9\ub960, \uc2dd\ud488\u00b7\uc5d0\ub108\uc9c0 \ub4f1 \ubcc0\ub3d9\uc774 \ud070 \ud488\ubaa9\ub3c4 \ud3ec\ud568)**\uc740 -0.3~0.7%\ub2e4.\n\n\ud55c \uc804\ub9dd\uc740 2026\ub144 \uc131\uc7a5\ub960\uc744 1.8%\ub85c \ubcf4\ub294\ub370, \uc774\ub294 **\uacbd\uae30 \uc21c\ud658\uc0c1 \uc800\uc810(\uacbd\uae30\uac00 \uc88b\uc544\uc84c\ub2e4 \ub098\ube60\uc84c\ub2e4 \ud558\ub294 \ud750\ub984\uc5d0\uc11c \uac00\uc7a5 \uc57d\ud55c \uc2dc\uae30)**\uc774\uba70, \uc774\ud6c4 2027\ub144\uc5d0 2.5%\ub85c \ub192\uc544\uc9c8 \uac83\uc73c\ub85c \ubcf8\ub2e4.\n\n

\uacb0\uc815 \uc804 \ubc14\ud2b8 \ud3ec\uc9c0\uc154\ub2dd<\/h3>\n\uc804\ub9dd\uc740 \ub2e8\uae30 \uc131\uc7a5\uc5d0 \uc77c\ubd80 \uc0c1\uc2b9 \uc704\ud5d8\uc774 \uc788\ub2e4\uace0 \ubcf4\uba74\uc11c\ub3c4, **\uacbd\uae30 \uc218\uc694(\uacbd\uae30 \uc0c1\ud669\uc5d0 \ub530\ub77c \ub298\uace0 \uc904\uc5b4\ub4dc\ub294 \uc18c\ube44\u00b7\ud22c\uc790\u00b7\uc218\ucd9c \uc218\uc694)**\ub97c \ub118\uc5b4\uc11c\ub294 \uc7a5\uae30\uc801 \uc131\uc7a5\uc5d0\ub294 \ud55c\uacc4\uac00 \uc788\ub2e4\uace0 \uc9c0\uc801\ud55c\ub2e4.\n\n2026\ub144 2\uc6d4 25\uc77c **MPC \ud68c\uc758(MPC: \ud1b5\ud654\uc815\ucc45\uc704\uc6d0\ud68c, \uc911\uc559\uc740\ud589\uc758 \uae08\ub9ac \uacb0\uc815\uc744 \ud558\ub294 \ud68c\uc758)**\uc5d0\uc11c \ud0dc\uad6d\uc740\ud589\uc774 **1\uc77c \ud658\ub9e4\uc870\uac74\ubd80\ucc44\uad8c \uae08\ub9ac(1-day repurchase rate: \uc911\uc559\uc740\ud589\uc774 \ub9e4\uc6b0 \uc9e7\uc740 \uae30\uac04\uc73c\ub85c \ub3c8\uc744 \ube4c\ub824\uc8fc\uace0 \ub2e4\uc2dc \uc0ac\ub4e4\uc774\ub294 \uac70\ub798\uc5d0 \uc801\uc6a9\ud558\ub294 \uae30\uc900\uae08\ub9ac \uc5ed\ud560\uc758 \uae08\ub9ac)**\ub97c **25bp \uc778\ud558**\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4. (**bp: \ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8, 0.01%p**\uc774\ubbc0\ub85c 25bp\ub294 **0.25%p**) \uae08\ub9ac\ub294 1.25%\uc5d0\uc11c 1.00%\ub85c \ub0b4\ub824\uac04\ub2e4.\n\n1.00% \uc218\uc900\uc740 \uc774\ubc88 **\uc644\ud654 \uc0ac\uc774\ud074(\uae08\ub9ac\ub97c \uc5ec\ub7ec \ucc28\ub840 \ub0b4\ub9ac\ub294 \ud750\ub984)**\uc758 **\ucd5c\uc885 \uc815\ucc45\uae08\ub9ac(\ub354 \uc774\uc0c1 \ub0b4\ub9ac\uc9c0 \uc54a\ub294 \ub9c8\uc9c0\ub9c9 \uae08\ub9ac)**\ub85c \uc81c\uc2dc\ub41c\ub2e4.\n\n

\uae08\ub9ac \ubcc0\ub3d9\uc131\uacfc \uac70\ub798 \uc601\ud5a5<\/h3>\n\ud0dc\uad6d\uc740\ud589\uc758 \uc815\ucc45\ud68c\uc758\uac00 2026\ub144 2\uc6d4 25\uc77c\ub85c \uba70\uce60 \ub0a8\uc9c0 \uc54a\uc740 \uac00\uc6b4\ub370, \uc2dc\uc7a5\uc740 25bp \uc778\ud558\ub85c 1.00%\uac00 \ub420 \uac00\ub2a5\uc131\uc744 \uac70\uc758 \ubc18\uc601\ud55c \uc0c1\ud0dc\ub85c \ubcf4\uc778\ub2e4. \uc774\ub294 \uc9c0\ub09c\ud574\ubd80\ud130 \uc774\uc5b4\uc9c4 \uc800\uc131\uc7a5\uacfc \uc800\ubb3c\uac00 \ud750\ub984\uc758 \uc5f0\uc7a5\uc120\uc774\ub2e4. \uc774\uc81c \ud575\uc2ec\uc740 \uc778\ud558 \uc790\uccb4\uac00 \uc544\ub2c8\ub77c, \uc774\ud6c4\uc5d0 \ubb34\uc5c7\uc744 \ud560\uc9c0\uc5d0 \ub300\ud55c \ud0dc\uad6d\uc740\ud589\uc758 \uba54\uc2dc\uc9c0\ub2e4.\n\n\ucd5c\uadfc \ub370\uc774\ud130\ub294 \uc774\ubc88\uc774 \ub9c8\uc9c0\ub9c9 \uc778\ud558\uac00 \ub420 \uc218 \uc788\ub2e4\ub294 \ucabd\uc5d0 \ud798\uc744 \uc2e3\ub294\ub2e4. 2026\ub144 1\uc6d4 \ud5e4\ub4dc\ub77c\uc778 \uc778\ud50c\ub808\uc774\uc158\uc740 \uc804\ub144 \ub300\ube44 -0.2%\ub85c \ub0b4\ub824\uac00 2025\ub144 \ud558\ubc18\uae30 \ub0b4\ub0b4 \uc774\uc5b4\uc9c4 **\ubb3c\uac00 \ub454\ud654(\uc778\ud50c\ub808\uc774\uc158\uc774 \uc57d\ud574\uc9c0\ub294 \ud750\ub984)**\uac00 \uacc4\uc18d\ub410\ub2e4. \ub610 2025\ub144 \ucd5c\uc885 GDP\ub294 1.8%\ub85c \ub0ae\uc544 \uacbd\uc81c\uac00 \ud798\uc744 \ubabb \ub0b4\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc92c\uace0, \uc774\ub294 \uc911\uc559\uc740\ud589\uc758 **\ube44\ub458\uae30\ud30c\uc801 \uc785\uc7a5(dovish: \uae08\ub9ac\ub97c \ub0ae\uac8c \uc720\uc9c0\ud558\uac70\ub098 \ub0b4\ub9ac\ub824\ub294 \uc644\ud654\uc801 \ud0dc\ub3c4)**\uc744 \ub4b7\ubc1b\uce68\ud55c\ub2e4.\n\n\uc678\ud658 \ud2b8\ub808\uc774\ub354 \uc785\uc7a5\uc5d0\uc11c\ub294 \ub354 \uc57d\ud55c \ud0dc\uad6d \ubc14\ud2b8\uc5d0 \ub9de\ucd98 \ud3ec\uc9c0\uc158\uc774 \ub298\uc5c8\uace0, \ucd5c\uadfc \uba87 \ub2ec\uac04 \ubc14\ud2b8\ub294 \ub2ec\ub7ec \ub300\ube44 36.50 \uc218\uc900\uc73c\ub85c \uc57d\uc138\ub97c \ubcf4\uc600\ub2e4. \ud0dc\uad6d\uc740\ud589\uc774 \ub0ae\uc740 \uae08\ub9ac\ub97c \uc624\ub798 \uc720\uc9c0\ud558\uaca0\ub2e4\ub294 \uc2e0\ud638\ub97c \uc900\ub2e4\uba74, \ucd94\uac00\uc801\uc778(\ub2e4\ub9cc \uc81c\ud55c\uc801\uc778) \ubc14\ud2b8 \uc57d\uc138\uc5d0\uc11c \uc774\uc775\uc744 \ub178\ub9ac\ub294 **\uc635\uc158 \uc804\ub7b5(\ubbf8\ub9ac \uc815\ud55c \uac00\uaca9\uc5d0 \uc0ac\uace0\ud314 \uc218 \uc788\ub294 \uad8c\ub9ac\uc778 \uc635\uc158\uc744 \ud65c\uc6a9\ud55c \uac70\ub798 \ubc29\ubc95)**\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4. \ub2e4\ub9cc \uc774\ubc88 \uae08\ub9ac\uac00 \uc0ac\uc774\ud074\uc758 \ucd5c\uc885 \uae08\ub9ac\ub85c \uc5ec\uaca8\uc9c0\uae30 \ub54c\ubb38\uc5d0, \ud070 \ubc29\ud5a5\uc131 \ubca0\ud305\uc758 \uae30\ud68c\ub294 \uc904\uc5b4\ub4e4 \uc218 \uc788\ub2e4.\n\n\uae08\ub9ac \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc778\ud558\ub97c \uc608\uc0c1\ud558\uba70 **\ucc44\uad8c \uae08\ub9ac(\ucc44\uad8c \uc218\uc775\ub960, \uc2dc\uc7a5\uae08\ub9ac \uc6c0\uc9c1\uc784\uc744 \ubc18\uc601)**\uac00 \uc774\ubbf8 \ub0b4\ub824 \ub300\ubd80\ubd84\uc758 \uc6c0\uc9c1\uc784\uc774 \ub05d\ub0ac\uc744 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4. \uc774\uc81c\ub294 \uae08\ub9ac \ubc29\ud5a5\ubcf4\ub2e4 \uae08\ub9ac\uc758 \uc548\uc815\uc131\uc5d0 \ub354 \uc9d1\uc911\ud560 \ud544\uc694\uac00 \uc788\ub2e4. **\uc774\uc790\uc728 \uc2a4\uc651(interest rate swap: \ubcc0\ub3d9\uae08\ub9ac\uc640 \uace0\uc815\uae08\ub9ac \uc774\uc790 \uc9c0\uae09\uc744 \uc11c\ub85c \ubc14\uafb8\ub294 \uacc4\uc57d)**\uc5d0\uc11c **\uace0\uc815\uae08\ub9ac\ub97c \ubc1b\ub294(receive fixed: \uace0\uc815\uae08\ub9ac \uc218\ucde8, \ubcf4\ud1b5 \uae08\ub9ac \ud558\ub77d\uc5d0 \uc720\ub9ac)** \ud3ec\uc9c0\uc158\uc774 \uc218\uc775\uc774 \ub0ac\uc9c0\ub9cc, \ud0dc\uad6d\uc740\ud589\uc774 \uc774\ubc88\uc774 \ub9c8\uc9c0\ub9c9 \uc778\ud558\ub77c\uace0 \ud655\uc778\ud558\uba74 **\ubcc0\ub3d9\uc131 \ub9e4\ub3c4(selling volatility: \uac00\uaca9 \ubcc0\ub3d9\uc774 \ucee4\uc9c8 \uac83\uc5d0 \ubca0\ud305\ud558\uae30\ubcf4\ub2e4 \ubcc0\ub3d9\uc774 \ud06c\uc9c0 \uc54a\uc744 \uac83\uc5d0 \ubca0\ud305\ud558\ub294 \uac70\ub798)**\uac00 \uc804\ub7b5\uc774 \ub420 \uc218 \uc788\ub2e4.\n\n**\uc8fc\uc2dd \ud30c\uc0dd\uc0c1\ud488(equity derivatives: \uc8fc\uac00\uc9c0\uc218\u00b7\uc8fc\uc2dd \uac00\uaca9\uc744 \ubc14\ud0d5\uc73c\ub85c \ud55c \uc120\ubb3c\u00b7\uc635\uc158 \uac19\uc740 \uc0c1\ud488)**\uc744 \uac70\ub798\ud558\ub294 \uacbd\uc6b0, \uae08\ub9ac \uc778\ud558\ub294 **SET50 \uc9c0\uc218(\ud0dc\uad6d \uc8fc\uc694 \ub300\ud615\uc8fc 50\uac1c\ub85c \uad6c\uc131\ub41c \uc8fc\uac00\uc9c0\uc218)**\uc5d0 \uc6b0\ud638\uc801\uc778 \ud658\uacbd\uc774 \ub420 \uc218 \uc788\ub2e4. **\ucc28\uc785 \ube44\uc6a9(\ub3c8\uc744 \ube4c\ub9b4 \ub54c \ub4dc\ub294 \uc774\uc790 \ube44\uc6a9)**\uc774 \ub0ae\uc544\uc9c0\uba74 \uae30\uc5c5 \uc774\uc775\uc5d0 \ub3c4\uc6c0\uc774 \ub418\uae30 \ub54c\ubb38\uc774\ub2e4. \ubc1c\ud45c \uc804\ud6c4 \uc704\ud5d8\uc744 \uc81c\ud55c\ud558\uba74\uc11c \uc0c1\uc2b9 \uac00\ub2a5\uc131\uc5d0 \ucc38\uc5ec\ud558\ub294 \ubc29\ubc95\uc73c\ub85c \uc9c0\uc218 **\ucf5c\uc635\uc158(call option: \uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac)**\uc744 \ubcfc \uc218 \uc788\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":"

2\uc6d4 25\uc77c BOT \uacb0\uc815 \uc784\ubc15: \ud0dc\uad6d\uc740 \uc800\uc131\uc7a5\u00b7\uc800\ubb3c\uac00 \uace0\ucc29. 2026 \uc131\uc7a5 1.5~2.5%, \uc778\ud50c\ub808 -0.3~0.7%. 25bp \uc778\ud558\ub85c 1.00% \uc885\ub8cc \uc608\uc0c1, \ubc14\ud2b8 \uc57d\uc138\u00b7\ubcc0\ub3d9\uc131 \ucd95\uc18c\uc5d0 \uc2dc\uc120. – 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-38822","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\/38822","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=38822"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38822\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=38822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=38822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=38822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}