{"id":40980,"date":"2026-03-13T17:44:34","date_gmt":"2026-03-13T17:44:34","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%85%b8%eb%ac%b4%eb%9d%bc%eb%8a%94-%ec%98%81%eb%9e%80%ec%9d%80%ed%96%89boe%ec%9d%b4-%ea%b8%88%eb%a6%ac%eb%a5%bc-%eb%8f%99%ea%b2%b0%ed%95%a0-%ea%b2%83%ec%9c%bc%eb%a1%9c-%ec%98%88%ec%83%81%ed%95%98\/"},"modified":"2026-03-13T17:44:34","modified_gmt":"2026-03-13T17:44:34","slug":"%eb%85%b8%eb%ac%b4%eb%9d%bc%eb%8a%94-%ec%98%81%eb%9e%80%ec%9d%80%ed%96%89boe%ec%9d%b4-%ea%b8%88%eb%a6%ac%eb%a5%bc-%eb%8f%99%ea%b2%b0%ed%95%a0-%ea%b2%83%ec%9c%bc%eb%a1%9c-%ec%98%88%ec%83%81%ed%95%98","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%85%b8%eb%ac%b4%eb%9d%bc%eb%8a%94-%ec%98%81%eb%9e%80%ec%9d%80%ed%96%89boe%ec%9d%b4-%ea%b8%88%eb%a6%ac%eb%a5%bc-%eb%8f%99%ea%b2%b0%ed%95%a0-%ea%b2%83%ec%9c%bc%eb%a1%9c-%ec%98%88%ec%83%81%ed%95%98\/","title":{"rendered":"\ub178\ubb34\ub77c\ub294 \uc601\ub780\uc740\ud589(BoE)\uc774 \uae08\ub9ac\ub97c \ub3d9\uacb0\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ud558\uba70, \uc720\uac00\uac00 \ubc30\ub7f4\ub2f9 100\ub2ec\ub7ec\ub85c \uc624\ub974\uba74 \uc5f0\ub8cc\ube44\ub97c \ud1b5\ud574 \uc601\uad6d \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI)\uac00 0.6%\ud3ec\uc778\ud2b8 \uc0c1\uc2b9\ud560 \uc218 \uc788\ub2e4\uace0 \uacbd\uace0\ud588\ub2e4."},"content":{"rendered":"\ub178\ubb34\ub77c \uc774\ucf54\ub178\ubbf8\uc2a4\ud2b8\ub4e4\uc740 \uc601\ub780\uc740\ud589(Bank of England, \uc601\uad6d\uc758 \uc911\uc559\uc740\ud589)\uc774 \ub2e4\uc74c \uc8fc \uae30\uc900\uae08\ub9ac(\uc911\uc559\uc740\ud589\uc774 \uc815\ud558\ub294 \ub300\ud45c \uae08\ub9ac)\ub97c \ub3d9\uacb0(\ubc14\uafb8\uc9c0 \uc54a\uc74c)\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ud55c\ub2e4. \uc774\ub4e4\uc740 \uc720\uac00\uac00 \ubc30\ub7f4\ub2f9 100\ub2ec\ub7ec(\u201c$100 oil\u201d, \uc6d0\uc720 \uac00\uaca9\uc774 100\ub2ec\ub7ec \uc218\uc900\uc774\ub77c\ub294 \ub73b)\ub85c \uc624\ub974\uba74 \ud718\ubc1c\uc720 \uac00\uaca9 \uc0c1\uc2b9\uc744 \ud1b5\ud574 \uc601\uad6d \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI, \uac00\uacc4\uac00 \uc0ac\ub294 \ubb3c\uac74\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9\uc758 \ud3c9\uade0 \ubcc0\ud654\ub97c \ub098\ud0c0\ub0b4\ub294 \uc9c0\ud45c)\uc5d0 \uc57d 0.6%\ud3ec\uc778\ud2b8\ub97c \ub354\ud560 \uc218 \uc788\ub2e4\uace0 \ubcf8\ub2e4.\n\n\uc774\ub4e4\uc740 \uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 CPI\ub85c \uc804\uc774(\uac00\uaca9 \uc0c1\uc2b9\uc774 \ub2e4\ub978 \uac00\uaca9\uc73c\ub85c \ud37c\uc838 \ub098\uac10)\ub418\ub294 \uacbd\ub85c\ub97c \ub124 \uac00\uc9c0\ub85c \uc81c\uc2dc\ud55c\ub2e4: \ud718\ubc1c\uc720, \uc5d0\ub108\uc9c0 \uc694\uae08(\uac00\uc2a4\u00b7\uc804\uae30\uc694\uae08), \ud575\uc2ec \uc7ac\ud654(core goods, \uc5d0\ub108\uc9c0\u00b7\uc2dd\ud488 \uac19\uc740 \ubcc0\ub3d9\uc774 \ud070 \ud56d\ubaa9\uc744 \uc81c\uc678\ud55c \ubb3c\uac74 \uac00\uaca9), 2\ucc28 \ud30c\uae09\ud6a8\uacfc(second-round effects, \uc5d0\ub108\uc9c0 \uac00\uaca9 \uc0c1\uc2b9\uc774 \uc784\uae08\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9 \ub4f1 \ub2e4\ub978 \uac00\uaca9 \uc778\uc0c1\uc73c\ub85c \uc774\uc5b4\uc9c0\ub294 \uc601\ud5a5). \uc774\ub4e4\uc740 \uc774\ub7f0 \uacbd\ub85c\ub4e4\uc774 \ub2e8\uae30\uc801\uc73c\ub85c \ubb3c\uac00\ub97c \uc62c\ub9ac\ubbc0\ub85c, \ub2f9\uc7a5\uc740 \uae08\ub9ac\ub97c \uc720\uc9c0\ud558\ub294 \uadfc\uac70\uac00 \ub41c\ub2e4\uace0 \ub9d0\ud55c\ub2e4.\n\n

Uk Data And Policy Outlook<\/h3>\n\uc774\ub4e4\uc740 \uc601\uad6d \uc9c0\ud45c\uac00 \uc5c7\uac08\ub9ac\uace0, \uc774\uc804\uc758 \uc815\ucc45 \uae34\ucd95(\uae08\ub9ac\ub97c \uc62c\ub9ac\uac70\ub098 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud574 \uc218\uc694\ub97c \uc904\uc774\ub294 \uc815\ucc45)\uc774 \uc131\uc7a5\uc5d0 \ubd80\ub2f4\uc744 \uc8fc\uba74\uc11c \ub178\ub3d9\uc2dc\uc7a5\uc774 \ub454\ud654\ub418\uace0 \uc788\ub2e4\uace0 \ubcf4\uace0\ud55c\ub2e4. \ub610\ud55c \uc601\ub780\uc740\ud589\uc758 \uc804\ub9dd\uc5d0\uc11c \ubb3c\uac00\uac00 \uc5f0\uc911 \uc911\ubc18 \uc774\ud6c4 \ubaa9\ud45c\uce58(\ub300\uccb4\ub85c 2%) \uc218\uc900\uc774\uac70\ub098 \uadf8\ubcf4\ub2e4 \ub0ae\uac8c \ub098\ud0c0\ub09c\ub2e4\uace0 \uc5b8\uae09\ud55c\ub2e4.\n\n\ub178\ubb34\ub77c\ub294 \uc5ec\uc804\ud788 \ucd94\uac00\ub85c \ub450 \ucc28\ub840 \uae08\ub9ac \uc778\ud558(4\uc6d4, 7\uc6d4)\ub97c \uc608\uc0c1\ud558\uba70, \uc815\ucc45\uae08\ub9ac\uac00 \ucd5c\uc885\uc801\uc73c\ub85c 3.25%(terminal level, \uc778\ud558\u00b7\uc778\uc0c1\uc774 \ub9c8\ubb34\ub9ac\ub418\ub294 \ucd5c\uc885 \uae08\ub9ac \uc218\uc900)\uae4c\uc9c0 \ub0b4\ub824\uac08 \uac83\uc73c\ub85c \ubcf8\ub2e4. \ub2e4\ub9cc \uc5d0\ub108\uc9c0 \uac00\uaca9 \uc0c1\uc2b9\uacfc \uc11c\ube44\uc2a4 \ubb3c\uac00\uc758 \uc644\uac15\ud568(sticky, \uc798 \ub0b4\ub824\uac00\uc9c0 \uc54a\uc74c)\uc774 \uc778\ud558 \uc2dc\uc810\uc744 \ub2a6\ucd9c \uc218 \uc788\ub2e4\uace0 \ub367\ubd99\uc778\ub2e4.\n\n2025\ub144\uc758 \ubd84\uc11d\uc744 \ub3cc\uc544\ubcf4\uba74, \uc720\uac00\ub85c \uc778\ud55c \ubb3c\uac00 \uc555\ub825 \ub54c\ubb38\uc5d0 \uc601\ub780\uc740\ud589\uc774 \uae08\ub9ac\ub97c \uc720\uc9c0\ud560 \uac83\uc774\ub77c\ub294 \uc608\uce21\uc740 \ub9de\uc558\ub2e4. \uc601\ub780\uc740\ud589 \uae30\uc900\uae08\ub9ac(Bank Rate, \uc601\ub780\uc740\ud589\uc758 \ub300\ud45c \uc815\ucc45\uae08\ub9ac)\ub294 7\ud68c \uc5f0\uc18d \ud68c\uc758\uc5d0\uc11c 5.25%\ub85c \uc720\uc9c0\ub410\uace0, \uc815\ucc45\ub2f9\uad6d\uc740 \ubb3c\uac00\ub97c \ub0ae\ucd94\ub294 \ub370 \uc9d1\uc911\ud588\ub2e4. \ud2b9\ud788 \uc11c\ube44\uc2a4 \ubd80\ubb38\uc5d0\uc11c \ubb3c\uac00 \uc555\ub825\uc774 \uacc4\uc18d\ub418\uc5b4, \uc774\ub7f0 \uc2e0\uc911\ud55c \ud0dc\ub3c4\ub294 \ud0c0\ub2f9\ud588\ub2e4.\n\n\ub2f9\uc2dc \uc6b0\ub824\ub294 \uc720\uac00 100\ub2ec\ub7ec\uc600\uc9c0\ub9cc, \uc774\ud6c4 \ube0c\ub80c\ud2b8\uc720(Brent crude, \uad6d\uc81c \uc6d0\uc720 \uac00\uaca9\uc758 \uae30\uc900 \uc5ed\ud560\uc744 \ud558\ub294 \ubd81\ud574\uc0b0 \uc6d0\uc720)\ub294 \uc548\uc815\ub3fc \ud604\uc7ac \ubc30\ub7f4\ub2f9 \uc57d 85\ub2ec\ub7ec \uc218\uc900\uc5d0\uc11c \uac70\ub798\ub418\uace0 \uc788\ub2e4. \uadf8\ub7ec\ub098 \uc601\uad6d \ubb3c\uac00\ub294 \uc5ec\uc804\ud788 2% \ubaa9\ud45c\ub97c \ud06c\uac8c \uc6c3\ub3c8\ub2e4. 2026\ub144 2\uc6d4 CPI\ub294 3.4%\ub85c, \uadfc\uc6d0\uc801\uc778 \uac00\uaca9 \uc555\ub825\uc774 \ub0b4\ub824\uc624\ub294 \ub370 \uc2dc\uac04\uc774 \uac78\ub9ac\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4. \uc774\ub7f0 \uc644\uac15\ud568\uc740 \uc62c\ud574 \uc911\ubc18\uc5d0 \ubb3c\uac00\uac00 \ubaa9\ud45c \uc218\uc900\uc774\uac70\ub098 \uadf8 \uc774\ud558\uc77c \uac83\uc774\ub77c\ub294 \uc0dd\uac01\uc5d0 \ubd80\ub2f4\uc774 \ub41c\ub2e4.\n\n

Market Pricing And Trading Implications<\/h3>\n2025\ub144\uc758 \uad00\uc810\uc740 2026\ub144 4\uc6d4\ubd80\ud130 \uae08\ub9ac \uc778\ud558\uac00 \uc2dc\uc791\ub420 \uac83\uc73c\ub85c \ubd24\uc9c0\ub9cc, \uc2dc\uc7a5\uc740 \uc774 \uc77c\uc815\uc744 \ud06c\uac8c \ub4a4\ub85c \ubbf8\ub918\ub2e4. SONIA \uc120\ubb3c \uc2dc\uc7a5(SONIA futures, \uc601\uad6d \ubb34\ub2f4\ubcf4 \ucd08\ub2e8\uae30 \uae08\ub9ac(SONIA)\ub97c \ubc14\ud0d5\uc73c\ub85c \ud55c \uae08\ub9ac \uc120\ubb3c) \uac00\uaca9\uc740 \uccab \u2018\uc644\uc804\ud55c\u2019 25bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8, 0.01%\ud3ec\uc778\ud2b8. 25bp=0.25%\ud3ec\uc778\ud2b8) \uc778\ud558\uac00 8\uc6d4\uc5d0\ub098 \uc608\uc0c1\ub41c\ub2e4\ub294 \ub73b\uc744 \ubcf4\uc5ec\uc8fc\uba70, 6\uc6d4 \uc778\ud558 \uac00\ub2a5\uc131\uc740 \uc791\ub2e4. \uc774\ub7f0 \uc7ac\uac00\uaca9\ud654(repricing, \uc2dc\uc7a5\uc774 \uc608\uc0c1 \uacbd\ub85c\ub97c \ub2e4\uc2dc \ubc18\uc601\ud574 \uac00\uaca9\uc774 \ubc14\ub01c)\ub294 \uc784\uae08 \uc0c1\uc2b9\uc774 \ub454\ud654\ud558\ub354\ub77c\ub3c4 \uc11c\ube44\uc2a4 \ubb3c\uac00\uac00 \uc601\ub780\uc740\ud589\uc744 \ub354 \uc624\ub798 \ub3d9\uacb0\ub85c \ubb36\uc5b4\ub454\ub2e4\ub294 \ud604\uc2e4\uc744 \ubc18\uc601\ud55c\ub2e4.\n\n\ud30c\uc0dd\uc0c1\ud488(derivatives, \uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc774\ub098 \uae08\ub9ac \ub4f1\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \uc6c0\uc9c1\uc774\ub294 \uae08\uc735\uc0c1\ud488) \ud2b8\ub808\uc774\ub354\uc5d0\uac8c\ub294, 4\uc6d4\uc758 \uc784\ubc15\ud55c \uc778\ud558\uc5d0 \ubca0\ud305\ud558\ub358 \uc774\uc804 \uc804\ub7b5\uc774 \ub354\ub294 \ub9de\uc9c0 \uc54a\ub2e4\ub294 \ub73b\uc774\ub2e4. \ub2e8\uae30\uc801\uc73c\ub85c\ub294 \u201c\ub192\uc740 \uae08\ub9ac\uac00 \ub354 \uc624\ub798 \uac04\ub2e4(higher for longer)\u201d \uc2dc\ub098\ub9ac\uc624\ub97c \ubc18\uc601\ud558\ub294 \uac70\ub798\ub85c \ucd08\uc810\uc744 \uc62e\uae30\ub294 \ud3b8\uc774 \ub0ab\ub2e4. \uc608\ub97c \ub4e4\uc5b4 SONIA \uc120\ubb3c \uc635\uc158(options, \ud2b9\uc815 \uac00\uaca9\uc5d0 \uc0ac\uace0\ud314 \uc218 \uc788\ub294 \uad8c\ub9ac\ub97c \uc8fc\ub294 \uc0c1\ud488)\uc744 \ud65c\uc6a9\ud574 5\uc6d4\u00b76\uc6d4 \ud68c\uc758\uc5d0\uc11c \uae08\ub9ac \uc778\ud558\uac00 \uc5c6\uc744 \uac83\uc5d0 \ubca0\ud305\ud558\ub294 \ubc29\uc2dd\uc774 \uac00\ub2a5\ud558\ub2e4.\n\n\uc601\uad6d \uace0\uc6a9\uc2dc\uc7a5\ub3c4 \uc608\uc0c1\ub300\ub85c \uc57d\ud574\uc84c\uace0, 2026\ub144 1\uc6d4\uae4c\uc9c0 3\uac1c\uc6d4 \uc2e4\uc5c5\ub960\uc740 3.9%\ub85c \uc62c\ub790\ub2e4. \uc774\ub7f0 \ub454\ud654\ub294 \ud5a5\ud6c4 \uae08\ub9ac \uc778\ud558 \uadfc\uac70\uac00 \ub418\uc9c0\ub9cc, \ubb3c\uac00\uac00 \uc5ec\uc804\ud788 \uac00\uc7a5 \ud070 \ubb38\uc81c\uc778 \uc0c1\ud669\uc5d0\uc11c \uc911\uc559\uc740\ud589\uc774 \uc11c\ub458\ub7ec \uc6c0\uc9c1\uc774\uac8c \ub9cc\ub4e4 \uc815\ub3c4\ub85c \uc57d\ud558\uc9c4 \uc54a\ub2e4. \uc9c0\uae08\uc758 \ud575\uc2ec\uc740 \ubc29\ud5a5\uc774 \uc544\ub2c8\ub77c \uc2dc\uc810\uc774\ub2e4.\n\n\ub530\ub77c\uc11c \ud30c\uc0dd\uc0c1\ud488 \uc804\ub7b5\uc740 \uccab \uc778\ud558 \uc2dc\uc810\uc5d0 \ucd08\uc810\uc744 \ub9de\ucd94\ub294 \ubc29\uc2dd\uc774 \uc801\uc808\ud558\ub2e4. \uae08\ub9ac \uc120\ubb3c\uc758 \ub2ec\ub825 \uc2a4\ud504\ub808\ub4dc(calendar spreads, \ub9cc\uae30\uac00 \ub2e4\ub978 \ub450 \uacc4\uc57d\uc758 \uac00\uaca9 \ucc28\uc774\uc5d0 \ubca0\ud305\ud558\ub294 \uc804\ub7b5)\ub294 \ud6a8\uacfc\uc801\uc77c \uc218 \uc788\uc73c\uba70, \uc2dc\uc7a5\uc774 \uc5f0\ub9d0\ub85c \uac08\uc218\ub85d \uc644\ud654\ub97c \ucc9c\ucc9c\ud788 \ubc18\uc601\ud558\ub294 \ub3d9\uc548 \uc7a5\uae30\ubb3c \uacc4\uc57d\uc774 \ub2e8\uae30\ubb3c\ubcf4\ub2e4 \ub354 \uac15\ud574\uc9c0\ub294(\uac00\uaca9\uc774 \uc0c1\ub300\uc801\uc73c\ub85c \uc720\ub9ac\ud574\uc9c0\ub294) \ucabd\uc5d0 \ud3ec\uc9c0\uc158\uc744 \uc7a1\ub294 \ubc29\uc2dd\uc774\ub2e4. \ucd5c\uc885 \uae08\ub9ac 3.25% \uacbd\ub85c\ub294 \uc5ec\uc804\ud788 \uac00\ub2a5\ud558\uc9c0\ub9cc, 2025\ub144\uc5d0 \uc0dd\uac01\ud588\ub358 \uac83\ubcf4\ub2e4 \uc18d\ub3c4\ub294 \ub290\ub9b4 \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":"

\u201c\uae08\ub9ac \uc778\ud558, \uc544\uc9c1 \uba40\uc5c8\ub2e4?\u201d \ub178\ubb34\ub77c\ub294 \uc720\uac00 \uc0c1\uc2b9\uc774 \uc601\uad6d CPI\ub97c \uc790\uadf9\ud574 BOE \ub3d9\uacb0\uc744 \uc804\ub9dd. \uc778\ud558\ub294 2026\ub144 \ud558\ubc18\uae30 \uc3e0\ub9bc, \uc2dc\uc7a5\uc740 \u2018\uace0\uae08\ub9ac \uc7a5\uae30\ud654\u2019 \uc804\ub7b5\uc73c\ub85c \uc774\ub3d9. – 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-40980","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\/40980","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=40980"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/40980\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=40980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=40980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=40980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}