{"id":41404,"date":"2026-03-17T13:44:07","date_gmt":"2026-03-17T13:44:07","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98%ea%b3%bc-%ec%84%b1%ec%9e%a5-%eb%91%94%ed%99%94%ec%97%90%eb%8f%84-%eb%b6%88%ea%b5%ac%ed%95%98%ea%b3%a0-%ec%ba%90%eb%82%98%eb%8b%a4-%ec%a4%91%ec%95%99\/"},"modified":"2026-03-17T13:44:07","modified_gmt":"2026-03-17T13:44:07","slug":"%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98%ea%b3%bc-%ec%84%b1%ec%9e%a5-%eb%91%94%ed%99%94%ec%97%90%eb%8f%84-%eb%b6%88%ea%b5%ac%ed%95%98%ea%b3%a0-%ec%ba%90%eb%82%98%eb%8b%a4-%ec%a4%91%ec%95%99","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98%ea%b3%bc-%ec%84%b1%ec%9e%a5-%eb%91%94%ed%99%94%ec%97%90%eb%8f%84-%eb%b6%88%ea%b5%ac%ed%95%98%ea%b3%a0-%ec%ba%90%eb%82%98%eb%8b%a4-%ec%a4%91%ec%95%99\/","title":{"rendered":"\uc778\ud50c\ub808\uc774\uc158\uacfc \uc131\uc7a5 \ub454\ud654\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uce90\ub098\ub2e4 \uc911\uc559\uc740\ud589\uc774 \uae30\uc900\uae08\ub9ac\ub97c 2.25%\ub85c \ub3d9\uacb0\ud560 \uac83\uc73c\ub85c \ub77c\ubcf4\ubc45\ud06c\uc758 \uc288\uc6cc\uce20\uc640 \ub85c\ub80c\uc2a4\ub294 \uc804\ub9dd\ud55c\ub2e4"},"content":{"rendered":"\ub77c\ubcf4\ubc45\ud06c\ub294 \uce90\ub098\ub2e4\uc911\uc559\uc740\ud589(BoC)\uc774 3\uc6d4 18\uc77c \ud68c\uc758\uc5d0\uc11c **\uc775\uc77c\uae08\ub9ac(overnight rate, \uc740\ud589\ub4e4\uc774 \ud558\ub8e8\uc9dc\ub9ac\ub85c \ube4c\ub9ac\uace0 \ube4c\ub824\uc8fc\ub294 \uae30\uc900\uae08\ub9ac)** \ub97c **2.25%\ub85c \uc720\uc9c0**\ud558\uace0, **\uc5f0\ub9d0\uae4c\uc9c0 \ubc14\uafb8\uc9c0 \uc54a\uc744 \uac83**\uc73c\ub85c \ubcf8\ub2e4. \ube14\ub8f8\ubc84\uadf8 \uc124\ubb38\uc5d0 \ucc38\uc5ec\ud55c \uc560\ub110\ub9ac\uc2a4\ud2b8\ub4e4\uc740 **\ubaa8\ub450 \ub3d9\uacb0**\uc744 \uc608\uc0c1\ud558\ub294 \uac83\uc73c\ub85c \uc804\ud574\uc84c\uace0, \uc2dc\uc7a5\ub3c4 **3\uc6d4\uc5d0 \uae08\ub9ac \ubcc0\ud654\uac00 \uc5c6\uc744 \uac83**\uc744 \uc774\ubbf8 \ubc18\uc601\ud558\uace0 \uc788\ub294 \uac83\uc73c\ub85c \uc54c\ub824\uc84c\ub2e4.\n\n\ubc30\uacbd\uc740 \uce90\ub098\ub2e4\uc5d0\uc11c **\ub192\uc740 \uc778\ud50c\ub808\uc774\uc158(\ubb3c\uac00 \uc0c1\uc2b9)** \uc774 \uc774\uc5b4\uc9c0\ub294 \uac00\uc6b4\ub370 **\uacbd\uc81c \ud65c\ub3d9\uc774 \uc57d\ud574\uc9c0\ub294 \ud750\ub984**\uc774\ub2e4. **\uc774\ub780 \uc804\uc7c1**\uacfc **\uc6d0\uc720\u00b7\uc5d0\ub108\uc9c0 \uac00\uaca9 \uc0c1\uc2b9**\uc740 \ubb3c\uac00\ub97c \ub354 \uc62c\ub9ac\ub294 \uc694\uc778\uc73c\ub85c \uc81c\uc2dc\ub41c\ub2e4.\n\n

Market Pricing And Policy Expectations<\/h3>\n\uc2dc\uc7a5\uc740 **OIS \uace1\uc120(OIS curve, \u2018\uc775\uc77c \uc9c0\uc218 \uc2a4\uc651\u2019\uc774\ub77c\ub294 \ud30c\uc0dd\uc0c1\ud488 \uac00\uaca9\uc73c\ub85c \uae08\ub9ac \uae30\ub300\ub97c \uc77d\uc5b4\ub0b8 \uc120)** \uc5d0\uc11c **\uae08\ub9ac \uc778\uc0c1 \uac00\ub2a5\uc131**\uc744 \uc870\uae08\uc529 \ubc18\uc601\ud558\uae30 \uc2dc\uc791\ud55c \uac83\uc73c\ub85c \uc124\uba85\ub41c\ub2e4. \uc815\ucc45 \uae30\uc870\ub294 1\uc6d4 28\uc77c \uacb0\uc815 \ub54c\uc640\ub294 \ub2ec\ub77c\uc9c8 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\uc9c0\ub9cc, **\uc815\ucc45 \uc218\ub2e8\uc758 \ud3ed(\uae08\ub9ac\ub97c \uc5bc\ub9c8\ub098, \uc5bc\ub9c8\ub098 \uc790\uc8fc \ubc14\uafc0 \uc218 \uc788\ub294\uc9c0)** \uc740 \ud06c\uc9c0 \uc54a\ub2e4\uace0 \ud55c\ub2e4.\n\n\uc778\ud50c\ub808\uc774\uc158 \uc555\ub825\uc740 \uad6d\ub0b4 \uacbd\uae30 \uacfc\uc5f4\ubcf4\ub2e4 **\uc9c0\uc815\ud559(\uad6d\uac00 \uac04 \uac08\ub4f1)** \uacfc **\uacf5\uae09 \uc694\uc778(\uc6d0\uc790\uc7ac\u00b7\ubb3c\ub958 \uac19\uc740 \uacf5\uae09 \ubb38\uc81c)** \uc5d0\uc11c \ub098\uc628\ub2e4\uace0 \ubcf8\ub2e4. \uae08\ub9ac\ub97c \uc62c\ub824\ub3c4 **\uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \uc8fc\ub3c4\ud558\ub294 \ubb3c\uac00 \uc0c1\uc2b9**\uc744 \ub204\ub974\uae30 \uc5b4\ub835\uace0, **\uad00\uc138(tariffs, \uc218\uc785\ud488\uc5d0 \ub9e4\uae30\ub294 \uc138\uae08)** \ub85c \uc774\ubbf8 \ubd80\ub2f4\uc744 \ubc1b\ub294 \uacbd\uc81c\uc5d0 \uc555\ubc15\ub9cc \ub354\ud560 \uc218 \uc788\ub2e4\ub294 \uc124\uba85\uc774\ub2e4.\n\n2025\ub144 \uc774\ub9d8\ub54c\ub97c \ub3cc\uc544\ubcf4\uba74, \uc6b0\ub9ac\ub294 \uc778\ud50c\ub808\uc774\uc158 \uc555\ub825\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uce90\ub098\ub2e4\uc911\uc559\uc740\ud589\uc774 2025\ub144 \ub0b4\ub0b4 \uc815\ucc45\uae08\ub9ac\ub97c 2.25%\ub85c \uc720\uc9c0\ud560 \uac83\uc73c\ub85c \ubd24\ub2e4. \uc774\ub780 \uc804\uc7c1\uc73c\ub85c \uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \uc624\ub978 \uac83\uc740 **\uacf5\uae09 \ubb38\uc81c**\ub77c\uc11c **\ud1b5\ud654\uc815\ucc45(\uc911\uc559\uc740\ud589\uc774 \uae08\ub9ac \ub4f1\uc73c\ub85c \uacbd\uae30\ub97c \uc870\uc808\ud558\ub294 \uc815\ucc45)** \uc73c\ub85c \ud574\uacb0\ud558\uae30 \uc5b4\ub835\ub2e4\ub294 \ud310\ub2e8\uc774\uc5c8\ub2e4. \uadf8\ub798\uc11c \uc6b0\ub9ac\uc758 \uc804\ub9dd\uacfc, \uc778\uc0c1 \uac00\ub2a5\uc131\uc744 \ubc18\uc601\ud558\uae30 \uc2dc\uc791\ud55c \uc2dc\uc7a5 \uc0ac\uc774\uc5d0 \uad34\ub9ac\uac00 \uc0dd\uacbc\ub2e4.\n\n2025\ub144\uc774 \uc9c0\ub098\uba74\uc11c \uce90\ub098\ub2e4\uc911\uc559\uc740\ud589\uc740 \uc5ec\ub984\uae4c\uc9c0 \uae08\ub9ac\ub97c \uc720\uc9c0\ud588\uc9c0\ub9cc, \uc778\ud50c\ub808\uc774\uc158\uc740 \ub2e8\uc21c\ud788 \uc5d0\ub108\uc9c0 \ubb38\uc81c\ub9cc\uc740 \uc544\ub2c8\uc5c8\ub2e4. **\uadfc\uc6d0\uc778\ud50c\ub808\uc774\uc158(core inflation, \ubcc0\ub3d9\uc774 \ud070 \ud488\ubaa9\uc744 \ube7c\uace0 \ubcf8 \ubb3c\uac00; \uc5ec\uae30\uc11c\ub294 \u2018\ubcc0\ub3d9\uc774 \ud070 \ud488\ubaa9\uc744 \uc81c\uc678\ud55c \ubb3c\uac00\u2019)** \uc740 \ucd5c\uadfc 2026\ub144 2\uc6d4\uc5d0 3.1%\ub85c \ub098\uc640 \uc911\uc559\uc740\ud589 \ubaa9\ud45c\ub97c \ud06c\uac8c \uc6c3\ub3cc\uc558\ub2e4. \uc774\ub294 \uad6d\ub0b4 \ubb3c\uac00 \uc555\ub825\uc774 \uad73\uc5b4\uc9c0\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc92c\uace0, \uc911\uc559\uc740\ud589\uc740 \uae34 \ub3d9\uacb0\uc744 \ub05d\ub0b4\uc57c \ud588\ub2e4.\n\n

Trading And Hedging Implications<\/h3>\n\uc791\ub144\uc5d0 \uc870\uc2ec\uc2a4\ub7fd\uac8c \uae08\ub9ac \uc778\uc0c1\uc744 \ubc18\uc601\ud558\ub358 **\ud30c\uc0dd\uc0c1\ud488 \uc2dc\uc7a5(derivative markets, \uc6d0\uae08\uc774 \uc544\ub2c8\ub77c \u2018\uac00\uaca9 \ubcc0\ud654\u2019\uc5d0 \uac78\uc5b4 \uac70\ub798\ud558\ub294 \uc0c1\ud488 \uc2dc\uc7a5)** \uc740 \uacb0\uad6d \ubc29\ud5a5\uc774 \ub9de\uc558\ub2e4. \uce90\ub098\ub2e4\uc911\uc559\uc740\ud589\uc740 \uc2e0\ub8b0\ub97c \ub418\ucc3e\uae30 \uc704\ud574 \uc774\ud6c4 **\uc775\uc77c\uae08\ub9ac\ub97c \ub450 \ubc88 \uc778\uc0c1**\ud574 \ud604\uc7ac **2.75%**\ub85c \uc62c\ub838\ub2e4. \uc774\ub294 OIS \uace1\uc120\uc774 \uc8fc\ub294 \uc2e0\ud638\ub97c \ubb34\uc2dc\ud55c \uac83\uc774 \uae30\ud68c \uc190\uc2e4\uc774\uc5c8\ub2e4\ub294 \ub73b\uc774\ub2e4.\n\n\uc774\uc81c \ud2b8\ub808\uc774\ub354\ub294 \ub3d9\uacb0\uc774 \uc544\ub2c8\ub77c **\ucd94\uac00 \uae34\ucd95(tightening, \uae08\ub9ac\ub97c \uc62c\ub9ac\uac70\ub098 \ub3c8\uc758 \ud750\ub984\uc744 \uc870\uc5ec \ubb3c\uac00\ub97c \uc7a1\ub294 \uac83)** \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud574\uc57c \ud55c\ub2e4. \uc720\uac00\ub294 \uc548\uc815\ub3fc **WTI \uc6d0\uc720(\ubbf8\uad6d \ub300\ud45c \uc720\uc885) \uac00\uaca9\uc774 \ubc30\ub7f4\ub2f9 81\ub2ec\ub7ec \uc548\ud30e**\uc774\uc9c0\ub9cc, \ucd08\uc810\uc740 **\ub192\uc740 \uc784\uae08 \uc0c1\uc2b9**\uacfc **\uacac\uc870\ud55c \uc18c\ube44**\ub85c \uc62e\uaca8\uac14\ub2e4. \uc774\ub7f0 \uad6d\ub0b4 \uc694\uc778\uc774\uc57c\ub9d0\ub85c \uce90\ub098\ub2e4\uc911\uc559\uc740\ud589\uc774 \uc815\ucc45 \uc218\ub2e8\uc73c\ub85c \uaca8\ub0e5\ud560 \ub300\uc0c1\uc774\ub2e4.\n\n\uc55e\uc73c\ub85c \uba87 \uc8fc \ub3d9\uc548\uc758 \ud575\uc2ec \uc804\ub7b5\uc740 **CORRA \uc120\ubb3c \uc635\uc158(options on CORRA futures, \uce90\ub098\ub2e4\uc758 \u2018\uc775\uc77c \uae08\ub9ac\u2019 \uae30\uc900\uc9c0\ud45c\uc778 CORRA\ub97c \ubc14\ud0d5\uc73c\ub85c \ud55c \uc120\ubb3c\uc5d0 \ubd99\uc740 \uc635\uc158)** \uc744 \ud65c\uc6a9\ud574 2\ubd84\uae30 \ucd94\uac00 \uae08\ub9ac \uc778\uc0c1 \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud558\uac70\ub098 \uadf8 \uc6c0\uc9c1\uc784\uc5d0\uc11c \uc218\uc775\uc744 \ub178\ub9ac\ub294 \uac83\uc774\ub2e4. \uc2dc\uc7a5\uc740 \uc911\uc559\uc740\ud589\uc774 \ub2e4\uc2dc \ud589\ub3d9\ud560 \uc758\uc9c0\ub97c \uacfc\uc18c\ud3c9\uac00\ud558\uace0 \uc788\uc744 \uc218 \uc788\ub2e4. \ud2b9\ud788 \uc9c0\ub09c \ubd84\uae30 \uce90\ub098\ub2e4 **GDP \uc131\uc7a5\ub960(GDP growth, \ud55c \ub098\ub77c\uc758 \uc0dd\uc0b0\u00b7\uc18c\ub4dd \uaddc\ubaa8 \uc99d\uac00\uc728)** \uc774 \uc608\uc0c1\uacfc \ub2ec\ub9ac **\uc5f0\uc728 1.2%**\ub85c \ube68\ub77c\uc84c\uae30 \ub54c\ubb38\uc774\ub2e4. \uc774 \uc218\uce58\ub294 \uacbd\uc81c\uac00 \ub354 \ub192\uc740 \ub300\ucd9c\uae08\ub9ac(\ucc28\uc785 \ube44\uc6a9)\ub97c \uac10\ub2f9\ud560 \uc218 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\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":"

\uc778\ud50c\ub808\uc640 \uc131\uc7a5 \ub454\ud654 \uc18d 2025\ub144 \uae08\ub9ac\ub3d9\uacb0 \uc804\ub9dd, \uc804\uc7c1\ubc1c \uc720\uac00 \ucda9\uaca9. \uadf8\ub7ec\ub098 2026\ub144 \uadfc\uc6d0\ubb3c\uac00 3.1%\ub85c \ub450 \ucc28\ub840 \uc778\uc0c1\ud574 2.75%. CORRA \uc635\uc158\uc73c\ub85c \ucd94\uac00 \uc778\uc0c1 \ub300\ube44. – 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-41404","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\/41404","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=41404"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/41404\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=41404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=41404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=41404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}