{"id":41583,"date":"2026-03-18T11:42:36","date_gmt":"2026-03-18T11:42:36","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/2%ec%9b%94-%eb%82%a8%ec%95%84%ea%b3%b5-%ec%86%8c%eb%b9%84%ec%9e%90%eb%ac%bc%ea%b0%80-%ec%83%81%ec%8a%b9%eb%a5%a0-%ec%a0%84%eb%85%84-%eb%8f%99%ec%9b%94-%eb%8c%80%eb%b9%84-3%eb%a1%9c-%eb%91%94%ed%99%94\/"},"modified":"2026-03-18T11:42:36","modified_gmt":"2026-03-18T11:42:36","slug":"2%ec%9b%94-%eb%82%a8%ec%95%84%ea%b3%b5-%ec%86%8c%eb%b9%84%ec%9e%90%eb%ac%bc%ea%b0%80-%ec%83%81%ec%8a%b9%eb%a5%a0-%ec%a0%84%eb%85%84-%eb%8f%99%ec%9b%94-%eb%8c%80%eb%b9%84-3%eb%a1%9c-%eb%91%94%ed%99%94","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/2%ec%9b%94-%eb%82%a8%ec%95%84%ea%b3%b5-%ec%86%8c%eb%b9%84%ec%9e%90%eb%ac%bc%ea%b0%80-%ec%83%81%ec%8a%b9%eb%a5%a0-%ec%a0%84%eb%85%84-%eb%8f%99%ec%9b%94-%eb%8c%80%eb%b9%84-3%eb%a1%9c-%eb%91%94%ed%99%94\/","title":{"rendered":"2\uc6d4 \ub0a8\uc544\uacf5 \uc18c\ube44\uc790\ubb3c\uac00 \uc0c1\uc2b9\ub960, \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 3%\ub85c \ub454\ud654\u20261\uc6d4 3.5%\uc5d0\uc11c \ud558\ub77d"},"content":{"rendered":"\ub0a8\uc544\ud504\ub9ac\uce74\uacf5\ud654\uad6d\uc758 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI) \uc0c1\uc2b9\ub960\uc774 2\uc6d4\uc5d0 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 3%\ub85c \ub454\ud654\ub410\ub2e4. \uc774\uc804 \uc218\uce58 3.5%\uc5d0\uc11c \ub0b4\ub824\uc654\ub2e4.\n\n2\uc6d4 \uc5f0\uac04 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc774 3%\ub85c \ub5a8\uc5b4\uc9c0\uba74\uc11c \ub0a8\uc544\uacf5 \uc911\uc559\uc740\ud589(SARB\u00b7South African Reserve Bank)\uc758 \ubb3c\uac00 \ubaa9\ud45c \ubc94\uc704(\ubaa9\ud45c\ub85c \uc815\ud574 \ub454 \ubb3c\uac00\uc0c1\uc2b9\ub960 \uad6c\uac04) \ud558\ub2e8\uc5d0 \uc704\uce58\ud558\uac8c \ub410\ub2e4. \ubb3c\uac00 \uc0c1\uc2b9 \uc555\ub825\uc774 \ud06c\uac8c \uc57d\ud574\uc84c\ub2e4\ub294 \ub73b\uc73c\ub85c, \ucd94\uac00 \uae30\uc900\uae08\ub9ac \uc778\uc0c1(central bank interest rate hike) \uac00\ub2a5\uc131\uc744 \ub0ae\ucd98\ub2e4. \uc774\ub294 \ud5a5\ud6c4 1\ub144 \ud1b5\ud654\uc815\ucc45(\uc911\uc559\uc740\ud589\uc758 \uae08\ub9ac\u00b7\uc720\ub3d9\uc131 \uc870\uc808 \ubc29\ud5a5) \uae30\ub300\uac00 \ubc14\ub00c\uace0 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4.\n\n<h3>\uc778\ud50c\ub808\uc774\uc158\uacfc \uc131\uc7a5 \uc2e0\ud638<\/h3>\n\uc774\ubc88 \ub0ae\uc740 \ubb3c\uac00 \uc218\uce58\ub294 \uacbd\uae30 \ub454\ud654 \uc2e0\ud638\uc640\ub3c4 \uc77c\uce58\ud55c\ub2e4. 2026\ub144 2\uc6d4 \uc544\ube0c\uc0ac(Absa) \uc81c\uc870\uc5c5 PMI(\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218\u00b7\uae30\uc5c5 \uad6c\ub9e4 \ub2f4\ub2f9\uc790 \uc124\ubb38\uc73c\ub85c \uacbd\uae30 \ud655\uc7a5\/\uc704\ucd95\uc744 \uac00\ub2a0, 50 \ubbf8\ub9cc\uc774\uba74 \uc704\ucd95)\ub294 48.8\ub85c \ub0b4\ub824\uac00 \uc704\ucd95 \uad6d\uba74\uc5d0 \ub4e4\uc5b4\uac14\uace0, 1\uc6d4 \uc18c\ub9e4\ud310\ub9e4 \uc99d\uac00\uc728\ub3c4 \ub9e4\uc6b0 \ubd80\uc9c4\ud588\ub2e4. \ubb3c\uac00 \ub454\ud654(disinflation\u00b7\ubb3c\uac00\uc0c1\uc2b9\ub960\uc774 \ub0ae\uc544\uc9c0\ub294 \ud604\uc0c1)\uc640 \ubd80\uc9c4\ud55c \uacbd\uae30\uc758 \uc870\ud569\uc740 \ud5a5\ud6c4 \uae08\ub9ac \uc778\ud558(interest rate cut) \uac00\ub2a5\uc131\uc744 \ud0a4\uc6b4\ub2e4.\n\n\uc774\ub7f0 \uc804\ub9dd \uc544\ub798\uc5d0\uc11c\ub294 \u2018\uae08\ub9ac \ud558\ub77d\u2019\uc5d0 \ubca0\ud305\ud558\ub294 \ud3ec\uc9c0\uc158\uc774 \ud575\uc2ec \uc804\ub7b5\uc774 \ub420 \uc218 \uc788\ub2e4. \ud2b8\ub808\uc774\ub354\ub294 \uae08\ub9ac\uc2a4\uc651(interest rate swap\u00b7\uace0\uc815\uae08\ub9ac\uc640 \ubcc0\ub3d9\uae08\ub9ac\ub97c \uad50\ud658\ud558\ub294 \ud30c\uc0dd\uc0c1\ud488)\uc5d0\uc11c \u2018\uace0\uc815\uae08\ub9ac\ub97c \ubc1b\ub294(receive fixed)\u2019 \ud3ec\uc9c0\uc158\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4. \uacc4\uc57d \uae30\uac04 \ub3d9\uc548 \ubcc0\ub3d9\uae08\ub9ac(floating rate)\uac00 \ub0b4\ub824\uac08 \uac83\uc73c\ub85c \ubcf4\ub294 \uc804\ub7b5\uc774\ub2e4. \ub610\ud55c FRA(Forward Rate Agreement\u00b7\ubbf8\ub798 \ud2b9\uc815 \uae30\uac04\uc758 \uae08\ub9ac\ub97c \ubbf8\ub9ac \uace0\uc815\ud558\ub294 \uc120\ub3c4\uae08\ub9ac\uacc4\uc57d)\ub85c \ud5a5\ud6c4 \uae30\uac04\uc758 JIBAR(\ub0a8\uc544\uacf5 \ub2e8\uae30 \uc740\ud589 \uac04 \uae08\ub9ac \uc9c0\ud45c)\ub97c \ub0ae\uc740 \uc218\uc900\uc5d0 \uace0\uc815\ud558\ub294 \uc804\ub7b5\ub3c4 \ub9e4\ub825\uc801\uc77c \uc218 \uc788\ub2e4.\n\n\ud1b5\ud654 \uc644\ud654(\uae08\ub9ac \uc778\ud558 \ub4f1\uc73c\ub85c \uc790\uae08 \uc870\ub2ec \uc5ec\uac74\uc744 \ub290\uc2a8\ud558\uac8c \ud558\ub294 \uc815\ucc45) \uac00\ub2a5\uc131\uc740 \ub79c\ub4dc\ud654(Rand, \ud1b5\ud654\ucf54\ub4dc ZAR)\uc5d0 \ud558\ub77d \uc555\ub825\uc744 \uc904 \uc218 \uc788\ub2e4. 2025\ub144 SARB\uc758 \uacf5\uaca9\uc801\uc778 \uae08\ub9ac \uc778\uc0c1 \uc0ac\uc774\ud074(\uc5f0\uc18d\uc801\uc778 \uae08\ub9ac \uc778\uc0c1 \uad6d\uba74)\uc774 ZAR\uc744 \uc9c0\uc9c0\ud588\ub358 \uc810\uc744 \uac10\uc548\ud558\uba74, \uc815\ucc45 \ubc29\ud5a5\uc774 \ubc14\ub014 \uacbd\uc6b0 \ud1b5\ud654\uac00 \uc57d\uc138\ub85c \ub3cc\uc544\uc124 \uc218 \uc788\ub2e4. USD\/ZAR \ucf5c\uc635\uc158(call option\u00b7\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \ub2ec\ub7ec\ub97c \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac)\uc744 \ub9e4\uc218\ud558\ub294 \uac83\uc740 \uc190\uc2e4 \ud55c\ub3c4\uac00 \uc815\ud574\uc9c4(defined-risk) \ubc29\uc2dd\uc73c\ub85c \ub79c\ub4dc\ud654 \uac00\uce58 \ud558\ub77d(\ub79c\ub4dc \uc57d\uc138)\uc5d0 \ub300\ube44\ud558\ub294 \ubc29\ubc95\uc774\ub2e4.\n\n\uac00\uc7a5 \ub69c\ub837\ud55c \uae30\ud68c\ub294 \uad6d\ucc44 \uc2dc\uc7a5\uc77c \uc218 \uc788\ub2e4. \uad6d\ucc44\uae08\ub9ac\ub294 \uae08\ub9ac \uae30\ub300\uc5d0 \uc9c1\uc811 \ubc18\uc751\ud55c\ub2e4. \uc774\ubc88 \ubb3c\uac00 \ub454\ud654 \uc18c\uc2dd \uc774\ud6c4 10\ub144 \ub9cc\uae30 \uad6d\ucc44\uae08\ub9ac\ub294 15bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8\u00b70.01%p) \ud558\ub77d\ud574 9.25%\ub97c \uae30\ub85d\ud588\ub2e4. \uad6d\ucc44\uc120\ubb3c(bond futures\u00b7\ubbf8\ub798\uc5d0 \uc815\ud574\uc9c4 \uac00\uaca9\uc73c\ub85c \uad6d\ucc44\ub97c \uc0ac\uace0\ud30c\ub294 \uacc4\uc57d)\uc744 \ub9e4\uc218\ud574(\ub871 \ud3ec\uc9c0\uc158) \uae08\ub9ac \ud558\ub77d\uc5d0 \ub530\ub978 \ucc44\uad8c \uac00\uaca9 \uc0c1\uc2b9\uc73c\ub85c \uc218\uc775\uc744 \ub178\ub9ac\ub294 \uc804\ub7b5\uc774 \ub2e8\uc21c\ud55c \uc811\uadfc\uc774 \ub420 \uc218 \uc788\ub2e4.\n\n<h3>\uc8fc\uc2dd\uc2dc\uc7a5 \ubcc0\ub3d9\uc131 \uc804\ub9dd<\/h3>\n\uc8fc\uc2dd\uc2dc\uc7a5\uc5d0\uc11c\ub294 \ubc29\ud5a5\uc131\uc774 \ub35c \uba85\ud655\ud574 \uc635\uc158 \ud2b8\ub808\uc774\ub354\uc5d0\uac8c \uae30\ud68c\uac00 \uc0dd\uae38 \uc218 \uc788\ub2e4. \uae08\ub9ac \ud558\ub77d\uc740 \uae30\uc5c5\uac00\uce58(valuation\u00b7\ubbf8\ub798 \uc774\uc775\uc744 \ud604\uc7ac \uac00\uce58\ub85c \ud658\uc0b0\ud55c \ud3c9\uac00)\ub97c \ub192\uc77c \uc218 \uc788\uc9c0\ub9cc, \uacbd\uae30 \ub454\ud654\ub294 \uae30\uc5c5 \uc774\uc775(\uc2e4\uc801)\uc744 \uc555\ubc15\ud560 \uc218 \uc788\ub2e4. \uc774\ub7f0 \ubd88\ud655\uc2e4\uc131\uc740 \ubcc0\ub3d9\uc131 \ud655\ub300\uc5d0 \ubca0\ud305\ud558\ub294 \uc804\ub7b5, \uc608\ub97c \ub4e4\uc5b4 FTSE\/JSE Top 40 \uc9c0\uc218\uc5d0 \ub300\ud55c \uc2a4\ud2b8\ub798\ub4e4(straddle\u00b7\uac19\uc740 \ud589\uc0ac\uac00\u00b7\ub9cc\uae30\uc758 \ucf5c\uc635\uc158\uacfc \ud48b\uc635\uc158\uc744 \ub3d9\uc2dc\uc5d0 \ub9e4\uc218\ud574 \ud070 \ubc29\ud5a5\uc131 \uc6c0\uc9c1\uc784\uc5d0 \ubca0\ud305)\uc774 \ud6a8\uacfc\uc801\uc77c \uc218 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4.\n<p>\n\n<p><strong>\uc9c0\uae08 \ubc14\ub85c \uac70\ub798\ub97c \uc2dc\uc791\ud558\uc138\uc694 &#8211; VT Markets \uc2e4\uacc4\uc88c\ub97c \uac1c\uc124\ud558\ub824\uba74 <a href=\"https:\/\/www.vtmarkets.com\/kr\/trade-now\/\">\uc5ec\uae30<\/a>\ub97c \ud074\ub9ad\ud558\uc138\uc694 <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\ub0a8\uc544\uacf5 CPI 3%\ub85c \ub454\ud654, SARB \ubaa9\ud45c \ud558\ub2e8 \uc9c4\uc785\uc5d0 \u2018\uae34\ucd95 \uc885\ub8cc\u2019 \uc2e0\ud638. \uacbd\uae30 \ub454\ud654\uc640 \ub9de\ubb3c\ub824 \uae08\ub9ac \uc778\ud558 \uae30\ub300 \ud655\uc0b0. \uc2a4\uc651\u00b7\uad6d\ucc44 \ub871, \ub79c\ub4dc \uc57d\uc138 \ud5e4\uc9c0\u00b7\uc8fc\uac00 \ubcc0\ub3d9\uc131 \uc804\ub7b5 \ubd80\uc0c1.<\/p>\n","protected":false},"author":87,"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-41583","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\/41583","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\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=41583"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/41583\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=41583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=41583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=41583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}