{"id":40378,"date":"2026-03-10T15:44:33","date_gmt":"2026-03-10T15:44:33","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%8b%ac%ec%bf%a0%ec%8a%a4%eb%8a%94-ecb-%ec%a0%95%ec%b1%85%ed%9a%8c%ec%9d%98%eb%a5%bc-%ec%95%9e%eb%91%90%ea%b3%a0-%ec%b0%a8%eb%b6%84%ed%95%9c-%eb%8c%80%ec%9d%91%ec%9d%84-%ec%b4%89%ea%b5%ac%ed%95%98\/"},"modified":"2026-03-10T15:44:33","modified_gmt":"2026-03-10T15:44:33","slug":"%ec%8b%ac%ec%bf%a0%ec%8a%a4%eb%8a%94-ecb-%ec%a0%95%ec%b1%85%ed%9a%8c%ec%9d%98%eb%a5%bc-%ec%95%9e%eb%91%90%ea%b3%a0-%ec%b0%a8%eb%b6%84%ed%95%9c-%eb%8c%80%ec%9d%91%ec%9d%84-%ec%b4%89%ea%b5%ac%ed%95%98","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%8b%ac%ec%bf%a0%ec%8a%a4%eb%8a%94-ecb-%ec%a0%95%ec%b1%85%ed%9a%8c%ec%9d%98%eb%a5%bc-%ec%95%9e%eb%91%90%ea%b3%a0-%ec%b0%a8%eb%b6%84%ed%95%9c-%eb%8c%80%ec%9d%91%ec%9d%84-%ec%b4%89%ea%b5%ac%ed%95%98\/","title":{"rendered":"\uc2ec\ucfe0\uc2a4\ub294 ECB \uc815\ucc45\ud68c\uc758\ub97c \uc55e\ub450\uace0 \ucc28\ubd84\ud55c \ub300\uc751\uc744 \ucd09\uad6c\ud558\uba70, \uc911\ub3d9 \ubd84\uc7c1 \uc804\uac1c\uc5d0 \ub300\ud55c \uacfc\ub3c4\ud55c \ubc18\uc751\uc744 \uacbd\uace0\ud588\ub2e4."},"content":{"rendered":"\uac8c\ub514\ubbf8\ub098\uc2a4 \uc2ec\ucfe0\uc2a4(ECB **\uc815\ucc45\uacb0\uc815\uae30\uad6c(Governing Council)** \uc704\uc6d0, \ub9ac\ud22c\uc544\ub2c8\uc544 **\uc911\uc559\uc740\ud589** \ucd1d\uc7ac)\ub294 \ub2e4\uc74c \ud68c\uc758\uc5d0\uc11c \uc815\ucc45 \ub2f4\ub2f9\uc790\ub4e4\uc774 \uce68\ucc29\ud568\uc744 \uc720\uc9c0\ud558\uace0 \uc911\ub3d9 \uc804\uc7c1\uacfc \uad00\ub828\ub41c \uc804\uac1c\uc5d0 **\uacfc\uc789 \ubc18\uc751**\ud558\uc9c0 \ub9d0\uc544\uc57c \ud55c\ub2e4\uace0 \ub9d0\ud588\ub2e4. \uadf8\ub294 \ub354 \uc2ec\uac01\ud55c \uc704\uae30\uac00 \ubc1c\uc0dd\ud558\uba74 **\ubb3c\uac00(\uc778\ud50c\ub808\uc774\uc158)** \uc640 **\uacbd\uc81c\uc131\uc7a5** \uc5d0 \uc601\ud5a5\uc744 \uc904 \uc218 \uc788\ub2e4\uace0 \ud588\ub2e4.\n\n\uc2ec\ucfe0\uc2a4\ub294 ECB\uac00 \ub2e4\uc74c \uacb0\uc815\uc744 \ud68c\uc758 \ub2f9\uc77c \ud655\ubcf4\ud560 \uc218 \uc788\ub294 \ucd5c\uc120\uc758 \uc815\ubcf4\ub97c \ubc14\ud0d5\uc73c\ub85c \ub0b4\ub824\uc57c \ud55c\ub2e4\uace0 \ub9d0\ud588\ub2e4. \uc774 \ubc1c\uc5b8 \uc774\ud6c4 **EUR\/USD(\uc720\ub85c\/\ub2ec\ub7ec \ud658\uc728)** \ub294 1.1650 \ubd80\uadfc\uc5d0\uc11c \uc18c\ud3ed \ubc18\ub4f1 \ud750\ub984\uc744 \uc720\uc9c0\ud588\uc73c\uba70, \uc774\ub0a0 \uae30\uc900 0.12% \uc0c1\uc2b9\ud588\ub2e4.\n\n<h3>\uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc758 \uc5ed\ud560(\ubaa9\ud45c)\uacfc \ud68c\uc758<\/h3>\n\uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc740 \ud504\ub791\ud06c\ud478\ub974\ud2b8\uc5d0 \uc788\uc73c\uba70 **\uc720\ub85c\uc874**(\uc720\ub85c\ud654\ub97c \uc4f0\ub294 \uad6d\uac00\ub4e4)\uc758 **\uae08\ub9ac**\ub97c \uc815\ud558\uace0 **\ud1b5\ud654\uc815\ucc45**(\ub3c8\uc758 \uacf5\uae09\uacfc \uae08\ub9ac\ub97c \uc870\uc808\ud574 \ubb3c\uac00\u00b7\uacbd\uae30\ub97c \uad00\ub9ac\ud558\ub294 \uc815\ucc45)\uc744 \uc6b4\uc601\ud55c\ub2e4. \ubaa9\ud45c\ub294 **\ubb3c\uac00\uc0c1\uc2b9\ub960(\uc778\ud50c\ub808\uc774\uc158)** \uc744 \uc57d 2% \uc218\uc900\uc73c\ub85c \uc720\uc9c0\ud558\ub294 \uac83\uc774\ub2e4. **\uc815\ucc45\uacb0\uc815\uae30\uad6c(Governing Council)** \ub294 1\ub144\uc5d0 8\ubc88 \ud68c\uc758\ud558\uba70, \uc720\ub85c\uc874 \uac01\uad6d \uc911\uc559\uc740\ud589 \ucd1d\uc7ac\ub4e4\uacfc **\uc0c1\uc784\uc704\uc6d0 6\uba85**(\uc0c1\uc2dc\ub85c \uc784\uba85\ub41c \uc704\uc6d0\ub4e4, \ud06c\ub9ac\uc2a4\ud2f4 \ub77c\uac00\ub974\ub4dc \ucd1d\uc7ac \ud3ec\ud568)\uc73c\ub85c \uad6c\uc131\ub41c\ub2e4.\n\n**\uc591\uc801\uc644\ud654(Quantitative easing, QE)** \ub294 ECB\uac00 \uc720\ub85c\ud654\ub97c \ub9cc\ub4e4\uc5b4(\uc720\ub3d9\uc131 \uacf5\uae09) **\uc790\uc0b0**(\uc608: \uad6d\ucc44, \ud68c\uc0ac\ucc44)\uc744 \uc0ac\ub4e4\uc774\ub294 \uc815\ucc45\uc774\ub2e4. \ubcf4\ud1b5 \uc720\ub85c \uac00\uce58\ub97c \uc57d\ud558\uac8c \ub9cc\ub4dc\ub294 \uacbd\ud5a5\uc774 \uc788\ub2e4. 2009~2011\ub144, 2015\ub144, \uadf8\ub9ac\uace0 \ucf54\ub85c\ub09819 \uae30\uac04\uc5d0 \uc0ac\uc6a9\ub410\ub2e4.\n\n**\uc591\uc801\uae34\ucd95(Quantitative tightening, QT)** \uc740 \uadf8 \ubc18\ub300\ub85c, ECB\uac00 \uc0c8\ub85c \ucc44\uad8c\uc744 \uc0ac\uc9c0 \uc54a\uace0, \ub9cc\uae30\uac00 \ub3cc\uc544\uc624\ub294 \ubcf4\uc720 \ucc44\uad8c\uc744 \ub2e4\uc2dc \uc0ac\uc11c \ucc44\uc6b0\ub294 \uac83(\uc7ac\ud22c\uc790)\ub3c4 \uc911\ub2e8\ud558\ub294 \uc815\ucc45\uc774\ub2e4. \ubcf4\ud1b5 \uc720\ub85c\uc5d0 \uae0d\uc815\uc801\uc73c\ub85c \uc791\uc6a9\ud55c\ub2e4.\n\nECB\uac00 \uc911\ub3d9 \uc0c1\ud669\uc5d0 \ub300\ud574 \uce68\ucc29\ud558\uac8c \ub300\uc751\ud558\uace0 \uacfc\uc789 \ubc18\uc751\ud558\uc9c0 \ub9d0\ub77c\ub294 \uc2e0\ud638\ub97c \ub0b4\uace0 \uc788\ub2e4. **\ud30c\uc0dd\uc0c1\ud488 \ud2b8\ub808\uc774\ub354**(\uc120\ubb3c\u00b7\uc635\uc158 \uac19\uc740 \u2018\ud30c\uc0dd\uc0c1\ud488\u2019\uc744 \uac70\ub798\ud558\ub294 \uc0ac\ub78c\ub4e4)\uc5d0\uac8c\ub294 **\ubc15\uc2a4\uad8c(\ud6a1\ubcf4)** \ud750\ub984\uc774 \uc774\uc5b4\uc9c8 \uc218 \uc788\ub2e4\ub294 \uc758\ubbf8\ub85c \uc77d\ud790 \uc218 \uc788\uc73c\uba70, **\ubcc0\ub3d9\uc131\uc774 \ub0ae\uc744 \ub54c \uc218\uc775\uc744 \ub178\ub9ac\ub294 \uc804\ub7b5**(\uc608: EUR\/USD\uc5d0\uc11c **\uc2a4\ud2b8\ub798\ub4e4 \ub9e4\ub3c4**\u2014\uac19\uc740 \ub9cc\uae30\u00b7\uac19\uc740 \ud589\uc0ac\uac00\uc758 \ucf5c\uc635\uc158\uacfc \ud48b\uc635\uc158\uc744 \ud568\uaed8 \ud30c\ub294 \ubc29\uc2dd\uc73c\ub85c, \uac00\uaca9\uc774 \ud06c\uac8c \uc6c0\uc9c1\uc774\uc9c0 \uc54a\uc744 \ub54c \uc720\ub9ac)\uc774 \ub9e4\ub825\uc801\uc73c\ub85c \ubcf4\uc77c \uc218 \uc788\ub2e4. \uc720\ub85c\ub294 \ud604\uc7ac 1.1650 \uadfc\ucc98\uc5d0\uc11c \ubc84\ud2f0\uace0 \uc788\uc5b4, \uc77c\uc2dc\uc801 \uade0\ud615 \uc0c1\ud0dc\ub77c\ub294 \ud574\uc11d\uc744 \ub4b7\ubc1b\uce68\ud55c\ub2e4.\n\n<h3>\uc2dc\uc7a5 \ud3ec\uc9c0\uc158(\ubca0\ud305 \ubc29\ud5a5)\uacfc \ubcc0\ub3d9\uc131 \uc601\ud5a5\uc744 \uc2dc\uc0ac\ud558\ub294 \uc810<\/h3>\n\ub2e4\ub9cc \ub354 \ud070 \uc704\uae30\ub294 \ubb3c\uac00\uc5d0 \ud070 \uc601\ud5a5\uc744 \uc904 \uc218 \uc788\uc5b4 ECB\uc758 \uc120\ud0dd\uc744 \uac15\ud558\uac8c \uc555\ubc15\ud560 \uc218 \uc788\ub2e4. ICE \ud4e8\ucc98\uc2a4 \uc720\ub7fd \uc790\ub8cc\uc5d0 \ub530\ub974\uba74 5\uc6d4\ubb3c **\ube0c\ub80c\ud2b8\uc720 \uc120\ubb3c**(\ubbf8\ub798 \uc2dc\uc810\uc758 \uc6d0\uc720 \uac00\uaca9\uc744 \ubbf8\ub9ac \uc815\ud574 \uac70\ub798\ud558\ub294 \uacc4\uc57d)\uc740 \uc9c0\ub09c \ud55c \ub2ec \ub3d9\uc548 8% \ub118\uac8c \uc62c\ub790\uace0, \ucd5c\uadfc \ubc30\ub7f4\ub2f9 95\ub2ec\ub7ec\ub97c \ud130\uce58\ud588\ub2e4. \uc774\ub7f0 \uc778\ud50c\ub808\uc774\uc158 \uc555\ub825 \ub54c\ubb38\uc5d0 \ud2b8\ub808\uc774\ub354\ub4e4\uc740 \uc608\uc0c1\ubcf4\ub2e4 ECB\uac00 \ub354 \uac15\uacbd\ud55c \ud0dc\ub3c4(\uae08\ub9ac \uc778\uc0c1 \ucabd\uc5d0 \uac00\uae4c\uc6b4 **\ub9e4\ud30c\uc801(hawkish)** \ubc18\uc751)\ub97c \ubcf4\uc77c \uacbd\uc6b0\uc5d0 \ub300\ube44\ud574 **\uc720\ub85c \ucf5c\uc635\uc158**(\uc720\ub85c\uac00 \uc624\ub97c \ub54c \uc774\uc775\uc774 \ub098\ub294 \uad8c\ub9ac) \uc911 **\uc678\uac00\uaca9(out-of-the-money, OTM)**(\uc9c0\uae08 \uac00\uaca9 \uae30\uc900\uc73c\ub85c \ub2f9\uc7a5 \uc774\uc775\uc774 \ub098\uc9c0 \uc54a\ub294) \uc0c1\ud488\uc744 \uc0c1\ub300\uc801\uc73c\ub85c \uc800\ub834\ud55c **\ud5e4\uc9c0(\uc704\ud5d8 \uc644\ud654 \uc7a5\uce58)** \ub85c \uace0\ub824\ud560 \uc218 \uc788\ub2e4.\n\n\ubc18\ub300\ub85c, \uac08\ub4f1\uc740 \uacbd\uc81c\uc131\uc7a5\ub3c4 \uc704\ud611\ud560 \uc218 \uc788\uc73c\uba70, \uc774\ub294 ECB\uac00 \ub354 \uacbd\uae30 \ubd80\uc591 \ucabd\uc73c\ub85c \uae30\uc6b8\uac8c \ub9cc\ub4e4 \uc218 \uc788\ub2e4. \uc9c0\ub09c\uc8fc \ubc1c\ud45c\ub41c \ub3c5\uc77c **ZEW \uacbd\uae30\uc2ec\ub9ac\uc9c0\uc218**(\uae30\uad00\ud22c\uc790\uc790\ub4e4\uc758 \uacbd\uae30 \uc804\ub9dd\uc744 \uc124\ubb38\uc73c\ub85c \ub9cc\ub4e0 \uc9c0\ud45c)\ub294 -5.2\ub85c \uae09\ub77d\ud574 \ube44\uad00\ub860\uc774 \ucee4\uc84c\uc74c\uc744 \ubcf4\uc5ec\uc92c\ub2e4. \uc774\ub294 \uc720\ub85c \ud48b\uc635\uc158(\uc720\ub85c\uac00 \ub0b4\ub9b4 \ub54c \uc774\uc775)\uc774\ub098, \uc62c\ud574 \ud6c4\ubc18 \uae08\ub9ac \uc778\ud558\ub85c \uc774\uc775\uc744 \ubcfc \uc218 \uc788\ub294 **\uae08\ub9ac \uc120\ubb3c**(\ubbf8\ub798 \uae08\ub9ac\ub97c \ub300\uc0c1\uc73c\ub85c \uac70\ub798\ud558\ub294 \uc120\ubb3c)\uc744 \ud1b5\ud574 \ud558\ub77d \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud574\uc57c \ud55c\ub2e4\ub294 \ub17c\ub9ac\ub85c \uc774\uc5b4\uc9c8 \uc218 \uc788\ub2e4.\n\n<!-- wp:paragraph-->\n<p><b>VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c <a href=\"https:\/\/www.vtmarkets.com\/kr\/trade-now\/\">\uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\uc911\ub3d9 \uc804\uc7c1 \ubcc0\uc218\uc5d0\ub3c4 ECB \uc2ec\ucfe0\uc2a4\ub294 \u2018\uce68\ucc29\u2019 \uac15\uc870, \ud68c\uc758 \ub54c \ucd5c\uc2e0 \ub370\uc774\ud130\ub85c \uacb0\uc815. \uc720\ub85c\/\ub2ec\ub7ec 1.1650 \uadfc\ucc98. \uc800\ubcc0\ub3d9\uc131 \uc804\ub7b5 \uc720\ud6a8\ud558\ub098 \uc720\uac00\u00b7\uc131\uc7a5 \ub454\ud654 \ub9ac\uc2a4\ud06c\uc5d0 \ucf5c\u00b7\ud48b \ud5e4\uc9c0 \ud544\uc694. &#8211; 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-40378","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\/40378","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=40378"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/40378\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=40378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=40378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=40378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}