{"id":39905,"date":"2026-03-06T12:44:00","date_gmt":"2026-03-06T12:44:00","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%a4%91%ea%b5%ad-%ec%9d%b8%eb%af%bc%ec%9d%80%ed%96%89-%ed%8c%90%ea%b6%81%ec%84%b1-%ec%b4%9d%ec%9e%ac-%ea%b8%88%eb%a6%ac-%ec%a1%b0%ec%a0%95%ec%9d%80-%ec%a4%91%ea%b5%ad%ec%9d%98-%ea%b2%bd\/"},"modified":"2026-03-06T12:44:00","modified_gmt":"2026-03-06T12:44:00","slug":"%ec%a4%91%ea%b5%ad-%ec%9d%b8%eb%af%bc%ec%9d%80%ed%96%89-%ed%8c%90%ea%b6%81%ec%84%b1-%ec%b4%9d%ec%9e%ac-%ea%b8%88%eb%a6%ac-%ec%a1%b0%ec%a0%95%ec%9d%80-%ec%a4%91%ea%b5%ad%ec%9d%98-%ea%b2%bd","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%a4%91%ea%b5%ad-%ec%9d%b8%eb%af%bc%ec%9d%80%ed%96%89-%ed%8c%90%ea%b6%81%ec%84%b1-%ec%b4%9d%ec%9e%ac-%ea%b8%88%eb%a6%ac-%ec%a1%b0%ec%a0%95%ec%9d%80-%ec%a4%91%ea%b5%ad%ec%9d%98-%ea%b2%bd\/","title":{"rendered":"\uc911\uad6d \uc778\ubbfc\uc740\ud589 \ud310\uad81\uc131 \ucd1d\uc7ac \u201c\uae08\ub9ac \uc870\uc815\uc740 \uc911\uad6d\uc758 \uacbd\uc81c \uc5ec\uac74\uacfc \uc131\uacfc\uc5d0 \ub530\ub77c \uacb0\uc815\ub420 \uac83\u201d"},"content":{"rendered":"\uc911\uad6d\uc778\ubbfc\uc740\ud589(PBoC, \uc911\uad6d\uc758 \uc911\uc559\uc740\ud589) \ud310\uad81\uc131(\u6f58\u529f\u52dd) \ucd1d\uc7ac\ub294 \ud1b5\ud654\uc815\ucc45(\uc911\uc559\uc740\ud589\uc774 \uae08\ub9ac\u00b7\uc720\ub3d9\uc131 \ub4f1\uc744 \uc870\uc808\ud574 \uacbd\uae30\uc640 \ubb3c\uac00\uc5d0 \uc601\ud5a5\uc744 \uc8fc\ub294 \uc815\ucc45) \ubcc0\ud654\uac00 \uacbd\uc81c \uc0c1\ud669\uc5d0 \ub530\ub77c \uacb0\uc815\ub420 \uac83\uc774\ub77c\uace0 \ub9d0\ud588\ub2e4. \uadf8\ub294 \ud604\uc7ac \uc0ac\ud68c\uc735\uc790(\uc0ac\ud68c \uc804\uccb4\uc5d0 \uacf5\uae09\ub41c \uc790\uae08 \uaddc\ubaa8\ub85c, \uc740\ud589\ub300\ucd9c\u00b7\ud68c\uc0ac\ucc44\u00b7\uc8fc\uc2dd\ubc1c\ud589 \ub4f1 \uc5ec\ub7ec \uc790\uae08\uc870\ub2ec\uc744 \ud569\uce5c \uc9c0\ud45c) \uc5ec\uac74\uc774 \ub290\uc2a8\ud55c \ud3b8\uc774\uba70, \uc911\uc559\uc740\ud589\uc774 \uc62c\ud574 \uc815\ucc45\uc744 \uc0c1\ud669\uc5d0 \ub9de\uac8c \uc6b4\uc6a9\ud558\uaca0\ub2e4\uace0 \ud588\ub2e4.\n\n\ud310 \ucd1d\uc7ac\ub294 \uc778\ubbfc\uc740\ud589\uc774 \uae08\ub9ac(\ub3c8\uc744 \ube4c\ub9ac\uac70\ub098 \ub9e1\uae38 \ub54c\uc758 \uc774\uc790\uc728)\uc640 \uc9c0\uae09\uc900\ube44\uc728(RRR, Reserve Requirement Ratio: \uc740\ud589\uc774 \uc608\uae08 \uc911 \uc77c\uc815 \ube44\uc728\uc744 \uc911\uc559\uc740\ud589\uc5d0 \uc758\ubb34\uc801\uc73c\ub85c \uc608\uce58\ud574\uc57c \ud558\ub294 \ube44\uc728) \uc778\ud558 \uac19\uc740 \uc218\ub2e8\uc744 \uc720\uc5f0\ud558\uac8c \uc4f0\uaca0\ub2e4\uace0 \ubc1d\ud614\ub2e4. \ub610 \uad6c\uc870\uc801 \uc218\ub2e8(\ud2b9\uc815 \ubd84\uc57c\uc5d0 \uc790\uae08\uc744 \ub354 \ud758\ub7ec\uac00\uac8c \uc720\ub3c4\ud558\ub294 \ub9de\ucda4\ud615 \uc815\ucc45 \ub3c4\uad6c)\uc740 \ub0b4\uc218(\uad6d\ub0b4\uc5d0\uc11c\uc758 \uc18c\ube44\u00b7\ud22c\uc790) \ud655\ub300\uc640 \uae30\uc220 \ud601\uc2e0 \uc9c0\uc6d0\uc5d0 \uc9d1\uc911\ud558\uace0, \uc77c\ubd80 \uc0b0\uc5c5\uc758 \u201c\uc778\ubcf4\ub8e8\uc158(\uacfc\uc789\uacbd\uc7c1)\uc2dd\u201d \uacbd\uc7c1(\uc131\uacfc\ub294 \ub298\uc9c0 \uc54a\ub294\ub370 \uacbd\uc7c1\ub9cc \uacfc\ub3c4\ud574\uc9c0\ub294 \ube44\ud6a8\uc728\uc801 \uacbd\uc7c1)\uc744 \uc5b5\uc81c\ud558\uaca0\ub2e4\uace0 \ud588\ub2e4.\n\n

Monetary Policy Outlook<\/h3>\n\uadf8\ub294 \uc911\uad6d\uc774 \ud658\uc728(\ud55c \ub098\ub77c \ub3c8\uc744 \ub2e4\ub978 \ub098\ub77c \ub3c8\uc73c\ub85c \ubc14\uafc0 \ub54c\uc758 \ube44\uc728)\uc744 \uc774\uc6a9\ud574 \ubb34\uc5ed \uacbd\uc7c1\ub825(\uc218\ucd9c\uc5d0\uc11c \uc720\ub9ac\ud574\uc9c0\ub294 \ud798)\uc744 \uc5bb\uc73c\ub824 \ud558\uc9c0\ub3c4 \uc54a\uace0, \uadf8\ub7f4 \ud544\uc694\ub3c4 \uc5c6\ub2e4\uace0 \ub9d0\ud588\ub2e4. \uadf8\ub294 \ubbf8\uad6d\uacfc \uc774\uc2a4\ub77c\uc5d8\uc758 \uc774\ub780 \uacf5\uaca9\uc73c\ub85c \uc138\uacc4\uc801 \uc704\ud5d8\ud68c\ud53c(\ud22c\uc790\uc790\ub4e4\uc774 \uc704\ud5d8 \uc790\uc0b0\uc744 \ud53c\ud558\ub294 \uc2ec\ub9ac)\uac00 \ucee4\uc84c\ub2e4\uace0 \uc5b8\uae09\ud558\uba74\uc11c, \ud1b5\ud654 \ubcc0\ub3d9\uc131(\ud658\uc728\uc774 \ud754\ub4e4\ub9ac\ub294 \uc815\ub3c4)\uc774 \uc911\uad6d \ub300\uc678\ubb34\uc5ed\uc758 60% \uc774\uc0c1\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\uc774 \uc81c\ud55c\uc801\uc774\ub77c\uace0 \ub9d0\ud588\ub2e4.\n\n\ubc1c\uc5b8 \uc774\ud6c4 \uc5ed\uc678 \uc704\uc548\ud654(CNH, \uc911\uad6d \ubcf8\ud1a0 \ubc16 \uc2dc\uc7a5\uc5d0\uc11c \uac70\ub798\ub418\ub294 \uc704\uc548\ud654)\uac00 \uc18c\ud3ed \uc57d\uc138\ub97c \ubcf4\uc600\uace0, \ub2ec\ub7ec\/\uc704\uc548\ud654(USD\/CNH)\ub294 \uc7a5\uc911 \uc800\uc810 6.8965\ub97c \ucc0d\uc740 \ub4a4 \ub9e4\uc218\uc138\uac00 \uc720\uc785\ub410\ub2e4. \ud310 \ucd1d\uc7ac\ub294 \ub610 \uc778\ubbfc\uc740\ud589\uc774 \uc815\ucc45 \ub3c4\uad6c \uc0c1\uc790(\uc0ac\uc6a9\ud560 \uc218 \uc788\ub294 \uc815\ucc45 \uc218\ub2e8\uc758 \ubc94\uc704)\ub97c \ud655\ub300\ud558\uace0, \uad6d\ucc44(\uc815\ubd80\uac00 \ubc1c\ud589\ud558\ub294 \ucc44\uad8c) \ub9e4\ub9e4\ub97c \uacc4\uc18d\ud558\uba70, \uc815\ucc45 \uc804\ub2ec(\uc815\ucc45 \ud6a8\uacfc\uac00 \uc2dc\uc7a5\u00b7\uc2e4\ubb3c\uacbd\uc81c\uc5d0 \uc81c\ub300\ub85c \uc804\ub2ec\ub418\ub294 \uacfc\uc815)\uacfc \ud22c\uba85\uc131(\uc815\ucc45 \ubc29\ud5a5\uacfc \uc758\uc0ac\uc18c\ud1b5\uc758 \uba85\ud655\ud568)\uc744 \uac1c\uc120\ud558\uaca0\ub2e4\uace0 \ub9d0\ud588\ub2e4.\n\n\uc778\ubbfc\uc740\ud589\uc740 \uad6d\uc720(\uad6d\uac00\uac00 \uc18c\uc720) \uae30\uad00\uc774\uba70 \uc644\uc804\ud55c \ub3c5\ub9bd\uae30\uad00\uc740 \uc544\ub2c8\ub2e4. \uacf5\uc0b0\ub2f9(CCP) \ub2f9\uc704\uc6d0\ud68c \uc11c\uae30\uac00 \ubc29\ud5a5\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce58\uba70, \ud310 \ucd1d\uc7ac\ub294 \ub450 \uc5ed\ud560\uc744 \ubaa8\ub450 \ub9e1\uace0 \uc788\ub2e4. \uc911\uad6d\uc5d0\ub294 \uc6e8\uc774\ubc45\ud06c(WeBank)\uc640 MYbank\ub97c \ud3ec\ud568\ud574 \ubbfc\uc601\uc740\ud589 19\uacf3\uc774 \uc788\ub2e4.\n\n

Trading Implications<\/h3>\n\uae08\ub9ac \ud30c\uc0dd\uc0c1\ud488(\uae08\ub9ac \ubcc0\ub3d9\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \ubc14\ub00c\ub294 \uacc4\uc57d. \uc608: \uae08\ub9ac \uc2a4\uc651, \uc120\ubb3c \ub4f1)\uc758 \uacbd\uc6b0 \ud575\uc2ec \uba54\uc2dc\uc9c0\ub294 \uc218\uc775\ub960 \ud558\ub77d(\ucc44\uad8c \uae08\ub9ac \uc218\uc900\uc774 \ub0b4\ub824\uac08 \uac00\ub2a5\uc131)\uc744 \uc608\uc0c1\ud558\ub77c\ub294 \uac83\uc774\ub2e4. \uacfc\uac70\ub97c \ubcf4\uba74 \uc778\ubbfc\uc740\ud589\uc740 2025\ub144\uc5d0 \ubd80\uc9c4\ud55c \ubd80\ub3d9\uc0b0 \uc2dc\uc7a5\uacfc \uc804\ubc18\uc801\uc778 \uacbd\uc81c\ub97c \uc9c0\uc6d0\ud558\uae30 \uc704\ud574 \uc9c0\uae09\uc900\ube44\uc728\uc744 \ub450 \ucc28\ub840 \uc778\ud558\ud55c \ubc14 \uc788\uc73c\uba70, \uc774\ub294 \uc120\ub840\uac00 \ub41c\ub2e4. \ud2b8\ub808\uc774\ub354\ub294 \uc774\ubc88 \uc644\ud654(\ub3c8\uc744 \ud480\uace0 \uae08\ub9ac\ub97c \ub0ae\ucd94\ub294 \ubc29\ud5a5) \uae30\uc870\uac00 \uc774\uc5b4\uc9c8 \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud574 \uad6d\ucc44\uc120\ubb3c(\ubbf8\ub798\uc758 \ud2b9\uc815 \uc2dc\uc810\uc5d0 \uad6d\ucc44\ub97c \uc815\ud55c \uac00\uaca9\uc5d0 \uc0ac\uace0\ud30c\ub294 \uacc4\uc57d) \ud3ec\uc9c0\uc158\uc744 \uac80\ud1a0\ud560 \uc218 \uc788\ub2e4.\n\n\uc774\ub7f0 \uc644\ud654\uc801(\ub3c4\ube44\uc2dc, dovish: \uae34\ucd95\ubcf4\ub2e4 \uc644\ud654\ub97c \uc120\ud638\ud558\ub294) \ud0dc\ub3c4\ub294 \uc911\uad6d \uc8fc\uc2dd\uc5d0 \ud558\ubc29 \uc9c0\uc9c0(\uac00\uaca9\uc774 \ud06c\uac8c \ub5a8\uc5b4\uc9c0\ub294 \uac83\uc744 \ub9c9\uc544\uc8fc\ub294 \uc694\uc778)\uac00 \ub420 \uc218 \uc788\uc5b4, \uc5ec\uae30\uc11c \ucd94\uac00 \ud558\ub77d\uc774 \uc81c\ud55c\ub420 \uc218 \uc788\ub2e4. \uc911\uc559\uc740\ud589\uc774 \uacbd\uc81c\ub97c \uc9c0\uc6d0\ud560 \uc900\ube44\uac00 \ub3fc \uc788\ub2e4\ub294 \uc810\uc740 \ubcc0\ub3d9\uc131(\uac00\uaca9\uc774 \uc624\ub974\ub0b4\ub9ac\ub294 \ud3ed)\uc744 \ub0ae\ucd9c \uc218 \uc788\uc5b4, FTSE China A50 \uac19\uc740 \uc9c0\uc218\uc758 \uc678\uac00\uaca9 \ud48b(\ud604\uc7ac \uac00\uaca9\ubcf4\ub2e4 \ub0ae\uc740 \ud589\uc0ac\uac00\uc758 \ud48b\uc635\uc158\uc73c\ub85c, \ud558\ub77d\uc5d0 \ubca0\ud305\ud558\ub294 \uc635\uc158) \ub9e4\ub3c4(\uc635\uc158\uc744 \ud314\uc544 \ud504\ub9ac\ubbf8\uc5c4\uc744 \ubc1b\ub294 \uc804\ub7b5)\ub97c \ub9e4\ub825\uc801\uc73c\ub85c \ub9cc\ub4e4 \uc218 \uc788\ub2e4. \ub0b4\uc218 \ud655\ub300\uc640 \uae30\uc220 \ud601\uc2e0\uc744 \uac15\uc870\ud55c \uc810\uc740 \uc77c\ubd80 \uc5c5\uc885\uc5d0\ub3c4 \ub3c4\uc6c0\uc774 \ub420 \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":"

\ud32c\uad81\uc131 PBoC \ucd1d\uc7ac \u201c\uacbd\uae30 \ub530\ub77c \uc815\ucc45 \uc870\uc815\u201d \uc2dc\uc0ac. \uae08\ub9ac\u00b7RRR \uc778\ud558 \ub4f1 \uc644\ud654 \uc5ec\uc9c0\uc640 \ub3c4\uad6c \ud655\ucda9 \uac15\uc870, \ub0b4\uc218\u00b7\uae30\uc220 \uc9c0\uc6d0. \uc704\uc548\ud654 \uc644\ub9cc\ud55c \uc57d\uc138, \ucc44\uad8c \uac15\uc138\u00b7\uc99d\uc2dc \ud558\ubc29 \uc81c\ud55c \uc804\ub9dd. – vtmarkets.com<\/p>\n","protected":false},"author":103,"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-39905","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\/39905","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\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=39905"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/39905\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=39905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=39905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=39905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}