{"id":41642,"date":"2026-03-18T19:44:00","date_gmt":"2026-03-18T19:44:00","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/abn-amro-%ec%a0%84%eb%9e%b5%ea%b0%80%eb%8a%94-%eb%8b%a4%ec%96%91%ed%95%9c-%ec%84%9d%ec%9c%a0%c2%b7%ea%b0%80%ec%8a%a4-%ec%b6%a9%ea%b2%a9%ec%9d%b4-ecb%ec%97%90-%eb%8c%80%ed%95%9c-%ea%b8%b0%eb%8c%80\/"},"modified":"2026-03-18T19:44:00","modified_gmt":"2026-03-18T19:44:00","slug":"abn-amro-%ec%a0%84%eb%9e%b5%ea%b0%80%eb%8a%94-%eb%8b%a4%ec%96%91%ed%95%9c-%ec%84%9d%ec%9c%a0%c2%b7%ea%b0%80%ec%8a%a4-%ec%b6%a9%ea%b2%a9%ec%9d%b4-ecb%ec%97%90-%eb%8c%80%ed%95%9c-%ea%b8%b0%eb%8c%80","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/abn-amro-%ec%a0%84%eb%9e%b5%ea%b0%80%eb%8a%94-%eb%8b%a4%ec%96%91%ed%95%9c-%ec%84%9d%ec%9c%a0%c2%b7%ea%b0%80%ec%8a%a4-%ec%b6%a9%ea%b2%a9%ec%9d%b4-ecb%ec%97%90-%eb%8c%80%ed%95%9c-%ea%b8%b0%eb%8c%80\/","title":{"rendered":"ABN AMRO \uc804\ub7b5\uac00\ub294 \ub2e4\uc591\ud55c \uc11d\uc720\u00b7\uac00\uc2a4 \ucda9\uaca9\uc774 ECB\uc5d0 \ub300\ud55c \uae30\ub300\uc640 \ub3c5\uc77c \uad6d\ucc44(\ubd84\ud2b8) \uc218\uc775\ub960\uc5d0 \uc11c\ub85c \ub2e4\ub978 \ubc29\uc2dd\uc73c\ub85c \uc601\ud5a5\uc744 \ubbf8\uce5c\ub2e4\uace0 \ub9d0\ud588\ub2e4."},"content":{"rendered":"ABN AMRO\uc758 \ub77c\ub9ac\uc0ac \ub370 \ubc14\ub85c\uc2a4 \ud504\ub9ac\uce20\ub294 \uc11c\ub85c \ub2e4\ub978 \uc720\ud615\uc758 \uc11d\uc720\u00b7\uac00\uc2a4 \ucda9\uaca9(\uac00\uaca9\uc744 \ud754\ub4dc\ub294 \uc0ac\uac74)\uc774 ECB(\uc720\ub7fd\uc911\uc559\uc740\ud589)\uc758 \uae08\ub9ac \uc608\uc0c1\uacfc \ub3c5\uc77c \ubd84\ud2b8(Bund, \ub3c5\uc77c \uad6d\ucc44) \uae08\ub9ac\uc5d0 \uc5b4\ub5bb\uac8c \uc601\ud5a5\uc744 \uc904 \uc218 \uc788\ub294\uc9c0 \uc124\uba85\ud55c\ub2e4. \uadf8\ub140\ub294 (1) \uc218\uc694\uac00 \ub298\uc5b4\uc11c \uc0dd\uae30\ub294 \uc11d\uc720 \ucda9\uaca9(\uacbd\uae30 \ud68c\ubcf5 \ub4f1\uc73c\ub85c \uc11d\uc720 \uc18c\ube44\uac00 \uc99d\uac00), (2) \ud22c\uae30\uc801 \uc7ac\uace0(\ub098\uc911\uc5d0 \ube44\uc2f8\uac8c \ud314\ub824\uace0 \ubbf8\ub9ac \uc0ac\uc11c \uc313\uc544\ub450\ub294 \ubb3c\ub7c9) \uc6c0\uc9c1\uc784, (3) \uc11d\uc720 \uacf5\uae09 \ucc28\uc9c8(\uc0b0\uc720\uad6d \uc0dd\uc0b0\u00b7\uc218\uc1a1 \ubb38\uc81c\uac00 \uc0dd\uaca8 \uacf5\uae09\uc774 \uc904\uc5b4\ub4e6), (4) \uac00\uc2a4 \uacf5\uae09 \ucda9\uaca9(\uac00\uc2a4 \uacf5\uae09\uc774 \uc904\uc5b4 \uac00\uaca9\uc774 \uc624\ub974\ub294 \uc0c1\ud669)\uc73c\ub85c \uad6c\ubd84\ud55c\ub2e4.\n\n\uc218\uc694\uac00 \uc6d0\uc778\uc778 \uc11d\uc720 \ucda9\uaca9\uc740 \uae08\ub9ac(\uc815\ucc45\uae08\ub9ac \uc608\uc0c1)\ub97c \ud06c\uac8c \uc62c\ub9ac\ub294 \ubc18\uba74, \uc7ac\uace0\uac00 \uc6d0\uc778\uc778 \uc11d\uc720 \ucda9\uaca9\uc740 \uc548\uc804\uc790\uc0b0 \uc120\ud638(\ubd88\uc548\ud560 \ub54c \ub354 \uc548\uc804\ud558\ub2e4\uace0 \uc5ec\uaca8\uc9c0\ub294 \uc790\uc0b0\uc744 \uc0ac\ub294 \ud604\uc0c1)\ub85c \ubd84\ud2b8 \ub9e4\uc218\uac00 \ub298\uc5b4 \uae08\ub9ac\uac00 \ub0b4\ub824\uac08 \uc218 \uc788\ub2e4. \uc11d\uc720 \uacf5\uae09 \ucda9\uaca9\uc740 \ubb3c\uac00\ub97c \uc62c\ub9ac\uace0 ECB\uc758 \uae08\ub9ac \uc778\uc0c1 \uc608\uc0c1\ub3c4 \uc62c\ub9ac\uc9c0\ub9cc, \uc131\uc7a5(\uacbd\uae30) \ub454\ud654\uac00 \ud568\uaed8 \uc624\uba74 \ub9cc\uae30\uac00 \uae34 \ucc44\uad8c \uae08\ub9ac \uc0c1\uc2b9\uc740 \uc81c\ud55c\ub420 \uc218 \uc788\ub2e4.\n\n

\uac00\uc2a4 \ucda9\uaca9\uacfc \ubd84\ud2b8 \uc218\uc775\ub960 \uace1\uc120<\/h3>\n\uac00\uc2a4 \uacf5\uae09 \ucda9\uaca9\uc740 \uc11d\uc720 \ucda9\uaca9\ubcf4\ub2e4 \ubb3c\uac00\ub97c \ub354 \uc790\uadf9\ud558\uace0 \uc601\ud5a5\uc774 \ub354 \uc624\ub798\uac04\ub2e4\uace0 \uc124\uba85\ub41c\ub2e4. \uadf8 \uacb0\uacfc \uc2dc\uac04\uc774 \uc9c0\ub098\uba74\uc11c \ubd84\ud2b8 \uae08\ub9ac\uc5d0 \u201c\uac00\uc2a4 \ud504\ub9ac\ubbf8\uc5c4\u201d(\uac00\uc2a4 \ubd88\uc548 \ub54c\ubb38\uc5d0 \ucd94\uac00\ub85c \ubd99\ub294 \uae08\ub9ac \ubd80\ub2f4)\uc774 \uc810\uc810 \ucee4\uc9c8 \uc218 \uc788\ub2e4. \ubd84\ud2b8 \uae08\ub9ac\ub294 \ucc98\uc74c\uc5d0\ub294 \ubc18\uc751\uc774 \uc57d\ud558\uac70\ub098 \uc57d\uac04 \ud558\ub77d\ud560 \uc218 \uc788\ub294\ub370, \uc774\ub294 \ubb3c\uac00 \uc0c1\uc2b9\uc774 \uc11c\uc11c\ud788 \uacbd\uc81c \uc804\ubc18\uc5d0 \ubc18\uc601\ub418\uae30(\ud30c\uae09\ub418\uae30) \ub54c\ubb38\uc774\ub2e4. \uc774\ud6c4\uc5d0\ub294 \ub2e8\uae30\u00b7\uc7a5\uae30 \ub9cc\uae30 \ubaa8\ub450\uc5d0\uc11c \uae08\ub9ac\uac00 \uc9c0\uc18d\uc801\uc73c\ub85c \uc0c1\uc2b9\ud560 \uc218 \uc788\ub2e4.\n\n\uc774 \ubcf4\uace0\uc11c\ub294 \ud604\uc7ac \uc0c1\ud669\uc774 \uc11d\uc720\uac00 \uc774\ub044\ub294 \uacf5\uae09 \ucda9\uaca9\uc73c\ub85c, \ub2e8\uae30\uc801\uc73c\ub85c\ub294 \u2018\uc57d\uc138-\ud3c9\ud0c4\ud654\u2019(bear-flattening: \uae08\ub9ac\ub294 \uc804\ubc18\uc801\uc73c\ub85c \uc624\ub974\uc9c0\ub9cc \ub2e8\uae30 \uae08\ub9ac\uac00 \ub354 \ub9ce\uc774 \uc62c\ub77c \uc218\uc775\ub960 \uace1\uc120\uc774 \ud3c9\ud3c9\ud574\uc9c0\ub294 \ud604\uc0c1)\ub85c \uc774\uc5b4\uc9c8 \uc218 \uc788\ub2e4\uace0 \ub9d0\ud55c\ub2e4. \uadf8\ub9ac\uace0 \uc774\ud6c4 \uac00\uc2a4 \uad00\ub828 \ubb3c\uac00 \uc0c1\uc2b9\uc774 \uc313\uc774\uba74 \u2018\uc57d\uc138-\uac00\ud314\ub77c\uc9d0\u2019(bear-steepening: \uae08\ub9ac\uac00 \uc624\ub974\ub418 \uc7a5\uae30 \uae08\ub9ac\uac00 \ub354 \ub9ce\uc774 \uc62c\ub77c \uace1\uc120\uc774 \ub354 \uac00\ud314\ub77c\uc9c0\ub294 \ud604\uc0c1) \uac00\ub2a5\uc131\ub3c4 \uc81c\uc2dc\ud55c\ub2e4.\n\n\ucd5c\uadfc \uacf5\uae09 \ucc28\uc9c8\ub85c \ube0c\ub80c\ud2b8\uc720(Brent, \uad6d\uc81c \uc6d0\uc720 \uac00\uaca9\uc758 \ub300\ud45c \uc9c0\ud45c)\uac00 \ubc30\ub7f4\ub2f9 95\ub2ec\ub7ec\ub97c \ub118\uc5b4\uc11c\uba70 2025\ub144 \ub9d0 \uc774\ud6c4 \ucc98\uc74c\uc73c\ub85c \ud574\ub2f9 \uc218\uc900\uc744 \uae30\ub85d\ud55c \uc810\uc744 \ubcf4\uba74, \uc6b0\ub9ac\ub294 \ubd84\uba85 \uc11d\uc720\uac00 \uc8fc\ub3c4\ud558\ub294 \uacf5\uae09 \ucda9\uaca9 \ud658\uacbd\uc5d0 \uc788\ub2e4. \uc774\ub294 2026\ub144 2\uc6d4 \uc720\ub85c\uc874 HICP(\uc870\ud654 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218, \uc720\ub7fd \uc5ec\ub7ec \ub098\ub77c\uc758 \ubb3c\uac00\ub97c \uac19\uc740 \uae30\uc900\uc73c\ub85c \ube44\uad50\ud558\uae30 \uc704\ud55c \uc9c0\ud45c) \ucd5c\uc2e0 \ub370\uc774\ud130\uc5d0\ub3c4 \uc774\ubbf8 \ubc18\uc601\ub410\ub294\ub370, \uc5d0\ub108\uc9c0 \ud56d\ubaa9\uc774 \uc608\uc0c1\ubcf4\ub2e4 \uc62c\ub77c\uac14\ub2e4. \uc2dc\uc7a5\uc740 \uc774\uc81c \uac00\uae4c\uc6b4 \uc2dc\uae30\uc5d0 ECB\uac00 \u2018\ub354 \ub9e4\ud30c\uc801\u2019(hawkish, \ubb3c\uac00\ub97c \uc7a1\uae30 \uc704\ud574 \uae08\ub9ac\ub97c \ub354 \uc62c\ub9ac\ub824\ub294 \uc131\ud5a5)\uc77c \uac83\uc73c\ub85c \ubcf4\uace0 \uc788\ub2e4.\n\n\uc774 \ud750\ub984\uc740 \ub2e8\uae30\uc801\uc73c\ub85c \ub3c5\uc77c \ubd84\ud2b8 \uc218\uc775\ub960 \uace1\uc120\uc758 \uc57d\uc138-\ud3c9\ud0c4\ud654\ub97c \uac15\ud558\uac8c \uc2dc\uc0ac\ud55c\ub2e4. \uc2dc\uc7a5\uc774 \ub2f9\uc7a5\uc758 \ubb3c\uac00 \uc704\ud5d8\uc744 \ubc18\uc601\ud558\ub294 \ub3d9\uc548 \ub2e8\uae30 \uae08\ub9ac\ub294 \uc7a5\uae30 \uae08\ub9ac\ubcf4\ub2e4 \ub354 \ube60\ub974\uac8c \uc624\ub974\uace0, \uc131\uc7a5 \ub454\ud654 \uc6b0\ub824\uac00 \uc7a5\uae30 \uae08\ub9ac \uc0c1\uc2b9\uc744 \ub9c9\uc744 \uc218 \uc788\ub2e4. \ud30c\uc0dd\uc0c1\ud488(\uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \ubcc0\ud558\ub294 \uacc4\uc57d) \uac70\ub798\uc790\ub294 \uace1\uc120 \ud3c9\ud0c4\ud654 \ud3ec\uc9c0\uc158\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub294\ub370, \uc608\ub97c \ub4e4\uba74 2\ub144\ubb3c \ubcf4\ube14(Bobl, \ub3c5\uc77c 5\ub144 \uc548\ud30e \uad6d\ucc44 \uc120\ubb3c\uc758 \ub300\ud45c \uc0c1\ud488\uba85) \uc120\ubb3c\uc744 \ud314\uace0 10\ub144\ubb3c \ubd84\ud2b8 \uc120\ubb3c\uc744 \uc0ac\ub294 \ubc29\uc2dd\uc774\ub2e4.\n\n

\uc774\ud6c4 \uad6d\uba74 \uc804\ud658\uc5d0 \ub300\ube44\ud55c \ud3ec\uc9c0\uc154\ub2dd<\/h3>\n\ud558\uc9c0\ub9cc 2022\ub144 \uc5d0\ub108\uc9c0 \uc704\uae30\uc758 \uad50\ud6c8\ub3c4 \uae30\uc5b5\ud574\uc57c \ud55c\ub2e4. \ub2f9\uc2dc \uac00\uc2a4 \uacf5\uae09 \ucda9\uaca9\uc740 \ub354 \uc624\ub798\uac00\ub294 \ubb3c\uac00 \uc0c1\uc2b9\uc744 \ub9cc\ub4e4\uc5c8\ub2e4. \ub124\ub35c\ub780\ub4dc TTF \uac00\uc2a4 \uc120\ubb3c(TTF, \uc720\ub7fd \uac00\uc2a4 \uac70\ub798\uc758 \uae30\uc900 \uac00\uaca9)\uc774 \uc774\ubbf8 55\uc720\ub85c\/MWh(\uba54\uac00\uc640\ud2b8\uc2dc, \uc5d0\ub108\uc9c0 \uc0ac\uc6a9\ub7c9 \ub2e8\uc704)\ub97c \ub118\uc5b4\uc11c\uba70 \uc11c\uc11c\ud788 \uc624\ub974\uace0 \uc788\ub294\ub370, \uc774\ub294 2\ucc28 \ucda9\uaca9(\uac00\uc2a4\uac00 \uc8fc\ub3c4\ud558\ub294 \uac00\uaca9 \ucda9\uaca9)\uc774 \ucc9c\ucc9c\ud788 \uc313\uc77c \uc218 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4. \uc774\ub7f0 \u201c\uac00\uc2a4 \ud504\ub9ac\ubbf8\uc5c4\u201d\uc740 \uacfc\uac70\uc5d0\ub3c4 \uc2dc\ucc28\ub97c \ub450\uace0 \ubd84\ud2b8 \uae08\ub9ac\uc5d0 \ubc18\uc601\ub418\ub294 \uacbd\ud5a5\uc774 \uc788\uc5c8\ub2e4.\n\n\ub530\ub77c\uc11c \ub354 \ub048\uc801\ud55c(\uc27d\uac8c \ub0b4\ub824\uac00\uc9c0 \uc54a\ub294) \uac00\uc2a4\ubc1c \ubb3c\uac00 \uc0c1\uc2b9\uc774 \uc55e\uc73c\ub85c \ud55c\ub450 \ub2ec\uc5d0 \uac78\uccd0 \uacbd\uc81c\uc5d0 \ubc18\uc601\ub418\uae30 \uc2dc\uc791\ud558\uba74, \uc218\uc775\ub960 \uace1\uc120\uc758 \uc6c0\uc9c1\uc784\ub3c4 \ubc14\ub014 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4. \ub2e8\uae30 \uae08\ub9ac \uc778\uc0c1 \uc608\uc0c1\ubcf4\ub2e4 \uc7a5\uae30 \ubb3c\uac00 \ubd88\uc548\uc774 \ub354 \uc911\uc694\ud574\uc9c0\ub294 \uc57d\uc138-\uac00\ud314\ub77c\uc9d0 \uad6d\uba74\uc73c\ub85c \uc804\ud658\ub420 \uc218 \uc788\uc73c\ub2c8 \ub300\ube44\ud574\uc57c \ud55c\ub2e4. \uadf8\ub54c\ub294 \ud3c9\ud0c4\ud654 \ud3ec\uc9c0\uc158\uc744 \uc815\ub9ac\ud558\uace0, \uc7a5\uae30 \uae08\ub9ac\uac00 \ub354 \ube60\ub974\uac8c \uc624\ub974\ub294 \ucabd\uc73c\ub85c \ud3ec\uc9c0\uc158\uc744 \uc7a1\uc744 \uc2dc\uc810\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":"

\uc720\uac00\u00b7\uac00\uc2a4 \ucda9\uaca9, \ubd84\ud2b8 \ucee4\ube0c\ub97c \ud754\ub4e0\ub2e4: \uc218\uc694\u00b7\uc7ac\uace0\u00b7\uacf5\uae09\ubcc4\ub85c ECB \uae30\ub300\uc640 \uc218\uc775\ub960 \ubc18\uc751\uc774 \ub2e4\ub974\uba70, \ub2f9\uc7a5\uc740 \uc720\uac00\ubc1c \uacf5\uae09\ucda9\uaca9\uc73c\ub85c \ubca0\uc5b4 \ud50c\ub798\ud2b8\ub2dd, \uc774\ud6c4 \uac00\uc2a4 \ud504\ub9ac\ubbf8\uc5c4\uc73c\ub85c \ubca0\uc5b4 \uc2a4\ud2f0\ud504\ub2dd \uac00\ub2a5. – 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-41642","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\/41642","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=41642"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/41642\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=41642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=41642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=41642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}