{"id":41821,"date":"2026-03-19T14:44:46","date_gmt":"2026-03-19T14:44:46","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/inging%ec%9d%98-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8%eb%8a%94-%eb%82%ae%ec%9d%80-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ea%b0%95%ec%84%b8-%ed%94%84%eb%9e%91-%ea%b7%b8\/"},"modified":"2026-03-19T14:44:46","modified_gmt":"2026-03-19T14:44:46","slug":"inging%ec%9d%98-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8%eb%8a%94-%eb%82%ae%ec%9d%80-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ea%b0%95%ec%84%b8-%ed%94%84%eb%9e%91-%ea%b7%b8","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/inging%ec%9d%98-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8%eb%8a%94-%eb%82%ae%ec%9d%80-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ea%b0%95%ec%84%b8-%ed%94%84%eb%9e%91-%ea%b7%b8\/","title":{"rendered":"INGING\uc758 \uc774\ucf54\ub178\ubbf8\uc2a4\ud2b8\ub294 \ub0ae\uc740 \uc778\ud50c\ub808\uc774\uc158, \uac15\uc138 \ud504\ub791, \uadf8\ub9ac\uace0 \ubd80\uc9c4\ud55c \uc804\ub9dd\uc744 \uc774\uc720\ub85c \uc2a4\uc704\uc2a4\uc911\uc559\uc740\ud589(SNB)\uc774 \uae08\ub9ac\ub97c 0%\ub85c \ub3d9\uacb0\ud588\ub2e4\uace0 \ubc1d\ud614\ub2e4."},"content":{"rendered":"\uc2a4\uc704\uc2a4 \uad6d\ub9bd\uc740\ud589(SNB, Swiss National Bank)\uc740 3\uc6d4 \ud68c\uc758\uc5d0\uc11c **\uc815\ucc45\uae08\ub9ac(\uc911\uc559\uc740\ud589\uc774 \uae30\uc900\uc73c\ub85c \uc815\ud558\ub294 \uae08\ub9ac)**\ub97c 0%\ub85c \uc720\uc9c0\ud588\uc2b5\ub2c8\ub2e4. \uc2a4\uc704\uc2a4 **\uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI, Consumer Price Index: \uc18c\ube44\uc790\uac00 \uc0ac\ub294 \ubb3c\uac74\u00b7\uc11c\ube44\uc2a4\uc758 \ud3c9\uade0 \uac00\uaca9 \ubcc0\ub3d9)**\ub294 2\uc6d4\uc5d0 \uc804\ub144 \ub300\ube44 0.1% \uc62c\ub790\uace0, \uc774\ub294 \uc774\ubc88 \uacb0\uc815\uc744 \ub4b7\ubc1b\uce68\ud569\ub2c8\ub2e4.\n\n\ub354 \uac15\ud55c \uc2a4\uc704\uc2a4 \ud504\ub791(\uc2a4\uc704\uc2a4 \ud1b5\ud654)\uc740 \ub192\uc740 \uc5d0\ub108\uc9c0 \uac00\uaca9\uc758 \uc601\ud5a5\uc744 \uc904\uc774\ub294 \ub370 \ub3c4\uc6c0\uc774 \ub429\ub2c8\ub2e4. \ub2ec\ub7ec\ub85c \uac00\uaca9\uc774 \ub9e4\uaca8\uc9c0\ub294 \uc11d\uc720\uc640 \uc720\ub85c\ub85c \uac00\uaca9\uc774 \ub9e4\uaca8\uc9c0\ub294 \uac00\uc2a4\ub97c \uc2a4\uc704\uc2a4 \ud504\ub791\uc73c\ub85c \ubc14\uafb8\uba74, \ud504\ub791 \uae30\uc900 \uac00\uaca9 \uc0c1\uc2b9\ud3ed\uc774 \ub354 \uc791\uc544\uc9d1\ub2c8\ub2e4.\n\n<h3>\uc5d0\ub108\uc9c0 \ucda9\uaca9 \uae30\uac04\uc758 \uc778\ud50c\ub808\uc774\uc158 \uaca9\ucc28<\/h3>\n\uc774 \ud6a8\uacfc\ub294 2022\ub144 \uc5d0\ub108\uc9c0 \ucda9\uaca9(\uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \uae09\ub4f1\ud55c \uc2dc\uae30) \ub54c \ub69c\ub837\ud588\uc2b5\ub2c8\ub2e4. \uc2a4\uc704\uc2a4\uc758 **\ud5e4\ub4dc\ub77c\uc778 \uc778\ud50c\ub808\uc774\uc158(Headline inflation: \uc5d0\ub108\uc9c0\u00b7\uc2dd\ub8cc\ud488\uc744 \ud3ec\ud568\ud55c \uc804\uccb4 \ubb3c\uac00 \uc0c1\uc2b9\ub960)**\uc740 2022\ub144\uc5d0 3.4%\ub85c \uc815\uc810\uc744 \ucc0d\uc5c8\uace0, \uc720\ub85c \uc9c0\uc5ed\uc740 10.6%, \ubbf8\uad6d\uc740 9%\uc600\uc2b5\ub2c8\ub2e4.\n\nSNB\uc758 **\uc804\ub9dd\uce58(\uc55e\uc73c\ub85c\uc758 \ubb3c\uac00\ub97c \uc608\uce21\ud55c \uc218\uce58)**\ub294 2027\ub144\uae4c\uc9c0 \ub9e4\uc6b0 \ub0ae\uc740 \ubb3c\uac00 \uc0c1\uc2b9\uc774 \uc774\uc5b4\uc9c8 \uac83\uc73c\ub85c \ubd05\ub2c8\ub2e4. \uc774\ub294 \uc55e\uc73c\ub85c \uba87 \ubd84\uae30 \ub3d9\uc548 \uae08\ub9ac\uac00 \ubc14\ub00c\uc9c0 \uc54a\uc744 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4\ub294 \ub73b\uc785\ub2c8\ub2e4.\n\nING\ub294 \uc5f0\ub9d0\uae4c\uc9c0 \uae08\ub9ac \uc778\uc0c1\uc744 \ubc18\uc601\ud55c **\uc2dc\uc7a5 \uac00\uaca9(\uc2dc\uc7a5 \ucc38\uc5ec\uc790\ub4e4\uc774 \uae08\ub9ac \ubcc0\ud654\ub97c \uc5bc\ub9c8\ub098 \uc608\uc0c1\ud558\ub294\uc9c0 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \uac83)**\uc774 SNB\uc758 \ubb3c\uac00 \uc804\ub9dd\uacfc \ub9de\uc9c0 \uc54a\ub294\ub2e4\uace0 \ub9d0\ud588\uc2b5\ub2c8\ub2e4. \ub610\ud55c \uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \ub2e4\ub978 \uc9c0\uc5ed\uc758 \ubb3c\uac00\ub97c \ub354 \ub04c\uc5b4\uc62c\ub9ac\uba74\uc11c, \uc2a4\uc704\uc2a4\uc640 \uc8fc\uc694 \uad50\uc5ed \uc0c1\ub300\uad6d(\ubb34\uc5ed\uc744 \ub9ce\uc774 \ud558\ub294 \ub098\ub77c\ub4e4) \uc0ac\uc774\uc758 \ubb3c\uac00 \uaca9\ucc28\uac00 \ub354 \ubc8c\uc5b4\uc9c8 \uac83\uc73c\ub85c \ubd24\uc2b5\ub2c8\ub2e4.\n\n\uc138\uacc4 \ubd88\ud655\uc2e4\uc131\uc774 \uc2a4\uc704\uc2a4 \ud504\ub791\uc744 \ub192\uc740 \uc218\uc900\uc73c\ub85c \uc720\uc9c0\ud558\ub354\ub77c\ub3c4, **\uc2e4\uc9c8 \uc808\uc0c1(Real appreciation: \ubb3c\uac00 \ucc28\uc774\uae4c\uc9c0 \uace0\ub824\ud55c \ud1b5\ud654\uc758 \uc2e4\uc81c \uac00\uce58 \uc0c1\uc2b9)**\uc740 \ub354 \uc81c\ud55c\uc801\uc77c \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774 \uae30\uc0ac\ub294 **AI \ub3c4\uad6c(\uc778\uacf5\uc9c0\ub2a5\uc73c\ub85c \uae00\uc744 \ub9cc\ub4dc\ub294 \ub3c4\uad6c)**\ub85c \uc791\uc131\ub410\uace0 \ud3b8\uc9d1\uc790\uac00 \uac80\ud1a0\ud588\uc2b5\ub2c8\ub2e4.\n\n<h3>\uc644\ud654\uc801 SNB\uac00 \uc758\ubbf8\ud558\ub294 \uac70\ub798 \uad00\uc810<\/h3>\n\uc2a4\uc704\uc2a4 \uad6d\ub9bd\uc740\ud589\uc740 **\uc644\ud654\uc801(dovish, \uae08\ub9ac\ub97c \uc62c\ub9ac\uae30\ubcf4\ub2e4 \ub0b4\ub9ac\uac70\ub098 \ub0ae\uac8c \uc720\uc9c0\ud558\ub824\ub294 \uc131\ud5a5)** \ud0dc\ub3c4\ub97c \ubcf4\uc774\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc6b0\ub9ac\uc5d0\uac8c \uae30\ud68c\ub97c \ub9cc\ub4ed\ub2c8\ub2e4. 2026\ub144 2\uc6d4 \uc2a4\uc704\uc2a4 \ubb3c\uac00\uac00 1.1%\ub85c \ub0ae\uc740 \ub9cc\ud07c, SNB\uac00 \ud604\uc7ac 1.25%\uc778 \uc815\ucc45\uae08\ub9ac\ub97c \uc62c\ub9b4 \uc774\uc720\uac00 \ud06c\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc720\ub85c\uc874(\uc720\ub85c\ud654\ub97c \uc4f0\ub294 \uad6d\uac00\ub4e4)\uc758 \ubb3c\uac00\uac00 \uc57d 2.4%, \ubbf8\uad6d\uc774 2.8%\uc778 \uac83\uacfc \ub300\uc870\uc801\uc785\ub2c8\ub2e4.\n\n\uac15\ud55c \ud504\ub791\uc740 2022\ub144 \uc5d0\ub108\uc9c0 \ucda9\uaca9 \ub54c\ucc98\ub7fc \uc218\uc785 \uc5d0\ub108\uc9c0 \ube44\uc6a9 \uc0c1\uc2b9\uc744 \uacc4\uc18d \ub9c9\uc544\uc90d\ub2c8\ub2e4. \ud604\uc7ac \ube0c\ub80c\ud2b8\uc720(\uad6d\uc81c \uc720\uac00 \uae30\uc900 \uc911 \ud558\ub098)\uac00 \ubc30\ub7f4\ub2f9 85\ub2ec\ub7ec\ub97c \ub118\ub294 \uc0c1\ud669\uc5d0\uc11c, **EUR\/CHF \ud658\uc728(\uc720\ub85c\/\uc2a4\uc704\uc2a4 \ud504\ub791 \ud658\uc728)**\uc774 0.96 \uadfc\ucc98\uc5d0\uc11c \uc720\uc9c0\ub418\uba74 \ud504\ub791 \uae30\uc900 \uc601\ud5a5\uc774 \uc791\uc544\uc9d1\ub2c8\ub2e4. \uc774\ub294 SNB\uac00 \ub2e4\ub978 \uc8fc\uc694 \uc911\uc559\uc740\ud589\ubcf4\ub2e4 \ub354 \ub290\uc2a8\ud55c \uc815\ucc45\uc744 \uc720\uc9c0\ud560 \uc218 \uc788\uac8c \ud569\ub2c8\ub2e4.\n\n\uc774\ucc98\ub7fc \ubc8c\uc5b4\uc9c0\ub294 \ubb3c\uac00 \ucc28\uc774\ub294 SNB\uac00 \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc774\ub098 \ubbf8\uad6d \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed)\ubcf4\ub2e4 \uba3c\uc800 \uae08\ub9ac\ub97c \ub0b4\ub9b4 \uac00\ub2a5\uc131\uc744 \ub192\uc785\ub2c8\ub2e4. \uc2dc\uc7a5\uc740 \uc774\ubbf8 2026\ub144 6\uc6d4 \ud68c\uc758\uc5d0\uc11c 25bp(\ubca0\uc774\uc2dc\uc2a4 \ud3ec\uc778\ud2b8, 0.01%p) \uc778\ud558\ub97c \ubc18\uc601\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 \ud504\ub791 \ub300\ube44 \ub2e4\ub978 \ud1b5\ud654\ub97c **\ub9e4\uc218\ud558\ub294 \ud3ec\uc9c0\uc158(\ub871 \ud3ec\uc9c0\uc158: \uac00\uaca9 \uc0c1\uc2b9\uc5d0 \ubca0\ud305\ud558\ub294 \uac70\ub798)**\uc774 \ub9e4\ub825\uc801\uc77c \uc218 \uc788\uc74c\uc744 \ub73b\ud569\ub2c8\ub2e4.\n\n**\ud30c\uc0dd\uc0c1\ud488(\uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \ubcc0\ud558\ub294 \uae08\uc735\uc0c1\ud488)** \uac70\ub798\uc790\ub77c\uba74 EUR\/CHF, USD\/CHF \uac19\uc740 \ud1b5\ud654\uc30d\uc5d0\uc11c **\ucf5c\uc635\uc158(Call option: \uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc0b4 \uad8c\ub9ac)**\uc744 \ub9e4\uc218\ud558\ub294 \uc804\ub7b5\uc774 \uac00\ub2a5\ud558\ub2e4\ub294 \ub73b\uc785\ub2c8\ub2e4. \uc774\ub7f0 \ud3ec\uc9c0\uc158\uc740 \uc608\uc0c1\ub41c SNB \uae08\ub9ac \uc778\ud558 \ub4a4 \ud504\ub791\uc774 \uc57d\ud574\uc9c0\uba74 \uc774\uc775\uc774 \ub0a0 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc911\uc559\uc740\ud589\uc758 \uba85\ud655\ud55c \uc644\ud654 \uc2e0\ud638\ub294 **\ub0b4\uc7ac\ubcc0\ub3d9\uc131(Implied volatility: \uc635\uc158 \uac00\uaca9\uc5d0 \ub4e4\uc5b4 \uc788\ub294 \uc2dc\uc7a5\uc758 \ubcc0\ub3d9 \uc608\uc0c1\uce58)**\uc744 \ub0ae\ucdb0 **\uc635\uc158 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9)**\uc744 \uc0c1\ub300\uc801\uc73c\ub85c \uc2f8\uac8c \ub9cc\ub4e4 \uc218\ub3c4 \uc788\uc2b5\ub2c8\ub2e4.\n\n\ub610\ud55c **\uae08\ub9ac \ud30c\uc0dd\uc0c1\ud488(\uae08\ub9ac \ubcc0\ub3d9\uc5d0 \uc5f0\ub3d9\ub41c \uc0c1\ud488)**, \uc608\ub97c \ub4e4\uc5b4 **SARON \uc120\ubb3c \uc635\uc158(SARON: \uc2a4\uc704\uc2a4\uc758 \ub2e8\uae30 \uae30\uc900\uae08\ub9ac, \uadf8 \uae08\ub9ac\ub97c \ubc14\ud0d5\uc73c\ub85c \ud55c \uc120\ubb3c\uc5d0 \ub300\ud55c \uc635\uc158)**\ub3c4 \uace0\ub824\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. SNB\uac00 \uc2dc\uc7a5 \uc608\uc0c1\ubcf4\ub2e4 \ub354 \ube60\ub974\uac70\ub098 \ub354 \ud06c\uac8c \uae08\ub9ac\ub97c \ub0b4\ub9b4 \uac83\uc774\ub77c\uace0 \ubcf8\ub2e4\uba74, \ub354 \ube60\ub978 \ub610\ub294 \ub354 \uae4a\uc740 \uc5f0\uc18d \uae08\ub9ac \uc778\ud558\uc5d0 \ub9de\ucd98 \ud3ec\uc9c0\uc158\uc774 \uc774\uc775\uc774 \ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774 \uc804\ub7b5\uc740 \uc2a4\uc704\uc2a4 \ud1b5\ud654\uc815\ucc45 \uc790\uccb4\uc5d0 \ub354 \uc9c1\uc811\uc801\uc73c\ub85c \ubca0\ud305\ud558\ub294 \ubc29\ubc95\uc785\ub2c8\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>\uc2a4\uc704\uc2a4\ub294 \uc65c \uae08\ub9ac\uac00 0%\/1.25%\uc5ec\ub3c4 \ub044\ub5a1\uc5c6\uc744\uae4c? SNB\ub294 \ubb3c\uac00 0.1% \uc0c1\uc2b9\uacfc \uac15\ud55c \ud504\ub791\uc73c\ub85c \uc5d0\ub108\uc9c0 \ucda9\uaca9\uc744 \uc644\ud654, \uc800\ubb3c\uac00 \uc9c0\uc18d \uc804\ub9dd\uc5d0 \uae08\ub9ac \ub3d9\uacb0\u00b7\uc778\ud558 \uac00\ub2a5\uc131 \ucee4\uc84c\ub2e4. &#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-41821","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\/41821","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=41821"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/41821\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=41821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=41821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=41821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}