{"id":41874,"date":"2026-03-19T21:43:49","date_gmt":"2026-03-19T21:43:49","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%85%b8%eb%a5%b4%eb%8d%b0%ec%95%84%ec%9d%98-%ec%96%80-%ed%8f%b0-%ea%b2%8c%eb%a6%ac%ed%9e%88-ecb-%ea%b8%88%eb%a6%ac-%eb%8f%99%ea%b2%b0%ed%96%88%ec%a7%80%eb%a7%8c-%ec%97%90%eb%84%88%ec%a7%80\/"},"modified":"2026-03-19T21:43:49","modified_gmt":"2026-03-19T21:43:49","slug":"%eb%85%b8%eb%a5%b4%eb%8d%b0%ec%95%84%ec%9d%98-%ec%96%80-%ed%8f%b0-%ea%b2%8c%eb%a6%ac%ed%9e%88-ecb-%ea%b8%88%eb%a6%ac-%eb%8f%99%ea%b2%b0%ed%96%88%ec%a7%80%eb%a7%8c-%ec%97%90%eb%84%88%ec%a7%80","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%85%b8%eb%a5%b4%eb%8d%b0%ec%95%84%ec%9d%98-%ec%96%80-%ed%8f%b0-%ea%b2%8c%eb%a6%ac%ed%9e%88-ecb-%ea%b8%88%eb%a6%ac-%eb%8f%99%ea%b2%b0%ed%96%88%ec%a7%80%eb%a7%8c-%ec%97%90%eb%84%88%ec%a7%80\/","title":{"rendered":"\ub178\ub974\ub370\uc544\uc758 \uc580 \ud3f0 \uac8c\ub9ac\ud788 \u201cECB, \uae08\ub9ac \ub3d9\uacb0\ud588\uc9c0\ub9cc \uc5d0\ub108\uc9c0\ubc1c \uc778\ud50c\ub808 \ud655\uc0b0 \uc2dc \uae34\ucd95 \uac00\ub2a5\u201d"},"content":{"rendered":"ECB(\uc720\ub7fd\uc911\uc559\uc740\ud589)\ub294 \uae30\uc900\uae08\ub9ac\ub97c \ub3d9\uacb0\ud588\uc73c\uba70, \uc5d0\ub108\uc9c0 \uac00\uaca9 \uc0c1\uc2b9\uc774 \uc804\ubc18\uc801\uc778 \ubb3c\uac00\ub85c \ubc88\uc9c8 \uacbd\uc6b0(\uc5d0\ub108\uc9c0\ubc1c 2\ucc28 \ubb3c\uac00 \uc555\ub825) \ud1b5\ud654\uc815\ucc45\uc744 \ub354 \uac15\ud558\uac8c \uae34\ucd95(\uae08\ub9ac\ub97c \uc62c\ub9ac\uac70\ub098, \ub192\uc740 \uae08\ub9ac\ub97c \ub354 \uc624\ub798 \uc720\uc9c0)\ud560 \uc758\uc9c0\uac00 \ucee4\uc84c\ub2e4\ub294 \uc2e0\ud638\ub97c \ubcf4\ub0c8\ub2e4. ECB\ub294 \uc911\ub3d9 \ubd84\uc7c1\uc744 \uc8fc\uc2dc\ud558\uba70 \uc5d0\ub108\uc9c0 \ube44\uc6a9\uc774 \uc18c\ube44\uc790\ubb3c\uac00\uc640 \ubb3c\uac00 \uae30\ub300(\uac00\uacc4\u00b7\uae30\uc5c5\uc774 \uc608\uc0c1\ud558\ub294 \ud5a5\ud6c4 \ubb3c\uac00)\ub85c \uc62e\uaca8\ubd99\ub294\uc9c0 \uc810\uac80\ud558\uace0 \uc788\ub2e4.\n\n\ub178\ub974\ub370\uc544(Nordea)\ub294 ECB\uac00 \ub0b4\ub144\uae4c\uc9c0 \uae08\ub9ac\ub97c \uc62c\ub9ac\uc9c0 \uc54a\uc744 \uac83\uc774\ub77c\ub294 \uae30\ubcf8 \uc804\ub9dd\uc744 \uac16\uace0 \uc788\uc5c8\ub2e4. \ub2e4\ub9cc \uc804\uc7c1\uc774 \uc218\uc8fc\uac04 \uc774\uc5b4\uc9c0\uace0 \uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \ub418\ub3cc\uc544\uc624\uc9c0 \uc54a\uc73c\uba74 \uc774 \uc804\ub9dd\uc774 \ubc14\ub014 \uc218 \uc788\uc73c\uba70, 6\uc6d4 \ud68c\uc758\uac00 \ud575\uc2ec\uc73c\ub85c \uc5b8\uae09\ub410\ub2e4.\n\n\ub2f9\uc77c \uc2dc\uc7a5\uc740 \ubcc0\ub3d9\uc131\uc774 \ucef8\uace0, ECB \uae30\uc790\ud68c\uacac \ub3d9\uc548 \uae08\ub9ac\ub294 \ub2e4\uc2dc \ud558\ub77d\ud588\ub2e4. \uc2dc\uc7a5 \uac00\uaca9(\uae08\ub9ac \uc120\ubb3c\u00b7\uc2a4\uc651 \ub4f1\uc5d0\uc11c \uc77d\ud788\ub294 \uae30\ub300)\uc740 6\uc6d4 \ud68c\uc758\uae4c\uc9c0 25bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8\u00b70.01%\ud3ec\uc778\ud2b8) \uc778\uc0c1, \uc5f0\ub9d0\uae4c\uc9c0 \ucd1d 60bp \ucd94\uac00 \uae34\ucd95\uc744 \uc2dc\uc0ac\ud588\ub2e4.\n\n\uc9c0\ub09c\ud574 2025\ub144\uc5d0\ub3c4 ECB\ub294 \uc911\ub3d9 \ubd84\uc7c1\uc73c\ub85c \uc778\ud55c \uc778\ud50c\ub808\uc774\uc158(\ubb3c\uac00 \uc0c1\uc2b9) \uc704\ud5d8\uc5d0 \ub300\uc751\ud560 \uc900\ube44\uac00 \ub3fc \uc788\uc74c\uc744 \uc2dc\uc0ac\ud588\ub2e4. \uc911\uc559\uc740\ud589\uc740 \uc5d0\ub108\uc9c0 \uac00\uaca9 \uc0c1\uc2b9\uc774 \uacbd\uc81c \uc804\ubc18\uc73c\ub85c \ud655\uc0b0\ub418\ub294 \uc2e0\ud638\ub97c \uba74\ubc00\ud788 \uad00\ucc30\ud588\uace0, \uadf8 \uacb0\uacfc \uc608\uc0c1\ubcf4\ub2e4 \ud6e8\uc52c \uc774\ub978 \uc2dc\uc810\uc5d0 \uae08\ub9ac \uc778\uc0c1\uc774 \uc55e\ub2f9\uaca8\uc9c8 \uc218 \uc788\ub2e4\ub294 \uc704\ud5d8\uc774 \ucee4\uc84c\ub2e4.\n\n\ud604\uc7ac\ub3c4 \ube44\uc2b7\ud55c \ud750\ub984\uc774\ub2e4. \ube0c\ub80c\ud2b8\uc720(\ubd81\ud574\uc0b0 \uc6d0\uc720\ub85c \uad6d\uc81c \uc720\uac00\uc758 \ub300\ud45c\uc801 \uae30\uc900)\uac00 \ucd5c\uadfc \ud55c \ub2ec\uac04 15% \uc774\uc0c1 \uc62c\ub77c \ubc30\ub7f4\ub2f9 95\ub2ec\ub7ec\ub97c \uc6c3\ub3cc\uc558\ub2e4. \uc720\ub85c\uc2a4\ud0c0\ud2b8(Eurostat\u00b7EU \ud1b5\uacc4\uae30\uad00) \uc790\ub8cc\uc5d0 \ub530\ub974\uba74 2\uc6d4 \uc720\ub85c\uc874(\uc720\ub85c\ud654 \uc0ac\uc6a9 20\uac1c\uad6d) \uc18c\ube44\uc790\ubb3c\uac00 \uc0c1\uc2b9\ub960(\ud5e4\ub4dc\ub77c\uc778 \ubb3c\uac00\u00b7\uc804\uccb4 \ud488\ubaa9 \uae30\uc900)\uc740 2.8%\ub85c, \uc2dc\uc7a5 \uc608\uc0c1\uce58(\ucee8\uc13c\uc11c\uc2a4\u00b7\uc5ec\ub7ec \uae30\uad00 \uc804\ub9dd\uc758 \ud3c9\uade0) 2.5%\ub97c \uc6c3\ub3cc\uc558\uace0 \uc8fc\ub41c \uc694\uc778\uc740 \uc5d0\ub108\uc9c0\uc600\ub2e4. \uc774\ub294 2025\ub144\uc5d0 ECB\uac00 \uae08\ub9ac \uc778\uc0c1 \uac00\ub2a5\uc131\uc744 \uacbd\uacc4\ud588\ub358 \ud658\uacbd\uacfc \ub2ee\uc544 \uc788\ub2e4.\n\n\uc774\ub7f0 \ubc30\uacbd\uc5d0\uc11c \ud2b8\ub808\uc774\ub354(\ub2e8\uae30 \ub9e4\ub9e4 \ucc38\uc5ec\uc790)\ub294 \uc2dc\uc7a5 \ubcc0\ub3d9\uc131 \ud655\ub300\uc5d0 \ub300\ube44\ud55c \u2018\ubcf4\ud638\u2019 \ub9e4\uc218(\uc190\uc2e4\uc744 \uc81c\ud55c\ud558\uae30 \uc704\ud55c \ud5e4\uc9c0)\ub97c \uace0\ub824\ud560 \ud544\uc694\uac00 \uc788\ub2e4. VSTOXX \uc9c0\uc218(\uc720\ub85c\uc874 \uc8fc\uc2dd\uc2dc\uc7a5\uc758 \ubcc0\ub3d9\uc131\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\uc218)\ub294 2025\ub144 \uc5d0\ub108\uc9c0 \uac00\uaca9 \uae09\ub4f1 \uad6d\uba74\uc758 \uace0\uc810\ubcf4\ub2e4\ub294 \ub0ae\uc740 \uc218\uc900\uc5d0\uc11c \uac70\ub798\ub418\uace0 \uc788\ub2e4. \uc9c0\uc218 \ucf5c\uc635\uc158(\ud2b9\uc815 \uac00\uaca9\uc5d0 \uc0b4 \uad8c\ub9ac)\uc744 \uc0ac\ub450\uba74 \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uc774 \ub354 \ucee4\uc9c8 \ub54c \ube44\uad50\uc801 \uc801\uc740 \ube44\uc6a9\uc73c\ub85c \uc704\ud5d8\uc744 \uc904\uc77c \uc218 \uc788\ub2e4.\n\n\uc2dc\uc7a5\uc740 \ub2e4\uc2dc ECB 6\uc6d4 \ud68c\uc758\uc5d0\uc11c 25bp \uc778\uc0c1 \uac00\ub2a5\uc131\uc744 \ud06c\uac8c \ubc18\uc601\ud558\uace0 \uc788\ub2e4. \ub530\ub77c\uc11c \uc720\ub9ac\ubcf4(Euribor\u00b7\uc720\ub85c\uc874 \uc740\ud589 \uac04 \ub2e8\uae30\uae08\ub9ac\uc758 \uae30\uc900) \uc120\ubb3c(\ubbf8\ub798 \uae08\ub9ac\ub97c \uac70\ub798\ud558\ub294 \uacc4\uc57d)\uc744 \ud65c\uc6a9\ud574 \uc911\uc559\uc740\ud589\uc774 \ub354 \uacf5\uaca9\uc801\uc73c\ub85c(\ub354 \ube60\ub974\uace0 \ud06c\uac8c) \uc6c0\uc9c1\uc77c \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud558\ub294 \uc804\ub7b5\uc774 \uac70\ub860\ub41c\ub2e4. \ud604\uc7ac \uac00\uaca9\uc740 \ud5a5\ud6c4 \uba87 \uc8fc \ub3d9\uc548 ECB\uac00 \ub354 \uac15\ud55c \uba54\uc2dc\uc9c0\ub97c \ub0b4\uba74 \ucd94\uac00 \uae30\ud68c\uac00 \ub0a8\uc544 \uc788\uc744 \uc218 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4.\n\n\ub610\ud55c \ub192\uc740 \uc5d0\ub108\uc9c0 \ube44\uc6a9\uc774 \uc9c0\uc18d\ub418\uace0 \uae08\ub9ac \uc778\uc0c1\uae4c\uc9c0 \uacb9\uce58\uba74 \uae30\uc5c5\uc758 \uc790\uae08 \uc0ac\uc815\uc774 \ub098\ube60\uc9c8 \uc218 \uc788\ub2e4. \uc774\uc5d0 \uc720\ub7fd \uae30\uc5c5\ucc44(\uae30\uc5c5\uc774 \ubc1c\ud589\ud55c \ucc44\uad8c) \uc9c0\uc218\ub97c \ucd94\uc885\ud558\ub294 CDS(\uc2e0\uc6a9\ubd80\ub3c4\uc2a4\uc651\u00b7\ucc44\uad8c\uc774 \ubd80\ub3c4\ub0a0 \ub54c \uc190\uc2e4\uc744 \ubcf4\uc804\ubc1b\ub294 \u2018\ubd80\ub3c4 \ubcf4\ud5d8\u2019 \uc131\uaca9\uc758 \ud30c\uc0dd\uc0c1\ud488), \ud2b9\ud788 \uc81c\uc870\u00b7\uc6b4\uc1a1\ucc98\ub7fc \uc5d0\ub108\uc9c0 \uc0ac\uc6a9\uc774 \ub9ce\uc740 \uc5c5\uc885\uc744 \uc810\uac80\ud560 \ud544\uc694\uac00 \uc788\ub2e4\ub294 \ubd84\uc11d\uc774\ub2e4. \uc774 \u2018\ubcf4\ud5d8\ub8cc\u2019(CDS \ud504\ub9ac\ubbf8\uc5c4)\ub294 \uc624\ub974\uace0 \uc788\uc9c0\ub9cc \uacfc\uac70 \uc2a4\ud2b8\ub808\uc2a4(\uc2dc\uc7a5 \ubd88\uc548) \uad6d\uba74 \uc218\uc900\uc5d0\ub294 \uc544\uc9c1 \ubbf8\uce58\uc9c0 \ubabb\ud588\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>ECB, \uae08\ub9ac \ub3d9\uacb0\uc5d0\ub3c4 \u2018\uc5d0\ub108\uc9c0\ubc1c 2\ucc28 \ubb3c\uac00\u2019 \uacbd\uacc4 \uac15\ud654. \uc911\ub3d9 \ubd84\uc7c1 \uc18d \uc720\uac00 \uae09\ub4f1\uc774 \ubb3c\uac00\u00b7\uae30\ub300\uc778\ud50c\ub808\ub85c \ud655\uc0b0\ub418\uba74 6\uc6d4 \uc778\uc0c1(25bp) \uc7ac\ubd80\uac01, \ubcc0\ub3d9\uc131 \ud5e4\uc9c0\u00b7CDS \uc810\uac80 \ud544\uc694.<\/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-41874","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\/41874","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=41874"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/41874\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=41874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=41874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=41874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}