{"id":42259,"date":"2026-03-24T21:39:04","date_gmt":"2026-03-24T21:39:04","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/td%ec%a6%9d%ea%b6%8c%ec%9d%80-ecb-%ea%b4%80%ec%b8%a1%ec%9e%90-%ec%bd%98%ed%8d%bc%eb%9f%b0%ec%8a%a4%ec%99%80-pmi%ea%b0%80-%ec%8b%9c%ec%9e%a5-%ea%b8%b0%eb%8c%80%eb%a5%bc-%ec%a2%8c%ec%9a%b0%ed%95%a0\/"},"modified":"2026-03-24T21:39:04","modified_gmt":"2026-03-24T21:39:04","slug":"td%ec%a6%9d%ea%b6%8c%ec%9d%80-ecb-%ea%b4%80%ec%b8%a1%ec%9e%90-%ec%bd%98%ed%8d%bc%eb%9f%b0%ec%8a%a4%ec%99%80-pmi%ea%b0%80-%ec%8b%9c%ec%9e%a5-%ea%b8%b0%eb%8c%80%eb%a5%bc-%ec%a2%8c%ec%9a%b0%ed%95%a0","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/td%ec%a6%9d%ea%b6%8c%ec%9d%80-ecb-%ea%b4%80%ec%b8%a1%ec%9e%90-%ec%bd%98%ed%8d%bc%eb%9f%b0%ec%8a%a4%ec%99%80-pmi%ea%b0%80-%ec%8b%9c%ec%9e%a5-%ea%b8%b0%eb%8c%80%eb%a5%bc-%ec%a2%8c%ec%9a%b0%ed%95%a0\/","title":{"rendered":"TD\uc99d\uad8c\uc740 ECB \uad00\uce21\uc790 \ucf58\ud37c\ub7f0\uc2a4\uc640 PMI\uac00 \uc2dc\uc7a5 \uae30\ub300\ub97c \uc88c\uc6b0\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\uc73c\uba70, \uc815\ucc45\ub2f9\uad6d\uc740 \uc778\ub0b4\ub97c \ucd09\uad6c\ud558\ub294 \ud55c\ud3b8 \ud544\uc694 \uc2dc \ub300\uc751\ud560 \uc900\ube44\uac00 \ub3fc \uc788\ub2e4\uace0 \ubc1d\ud614\ub2e4."},"content":{"rendered":"ECB \uc6cc\ucc98\uc2a4 \ucf58\ud37c\ub7f0\uc2a4\uc5d0\uc11c\ub294 \ud06c\ub9ac\uc2a4\ud2f4 \ub77c\uac00\ub974\ub4dc ECB \ucd1d\uc7ac, \ud544\ub9bd \ub808\uc778 \uc218\uc11d\uc774\ucf54\ub178\ubbf8\uc2a4\ud2b8, \uc62c\ub9ac \ub808\ud754 \uc704\uc6d0, \ub85c\ubca0\ub974\ud2b8 \ud640\uce20\ub9cc \uc704\uc6d0\uc774 \uc9c0\uc815\ud559\uc801 \uc704\ud5d8(\uc804\uc7c1\u00b7\ubd84\uc7c1 \ub4f1 \uad6d\uc81c\uc815\uc138\uac00 \uacbd\uc81c\uc5d0 \ubbf8\uce58\ub294 \uc704\ud5d8)\uacfc \uc720\ub85c\uc874 \ud1b5\ud654\uc815\ucc45(\uae08\ub9ac\u00b7\uc720\ub3d9\uc131 \uac19\uc740 \ub3c8\uc758 \uacf5\uae09\uacfc \ube44\uc6a9\uc744 \uc870\uc808\ud558\ub294 \uc815\ucc45)\uc744 \ub17c\uc758\ud560 \uc608\uc815\uc774\ub2e4. ECB\ub294 \u201c\ud544\uc694\ud558\uba74 \ub300\uc751\ud560 \uc900\ube44\uac00 \ub3fc \uc788\ub2e4\u201d\ub294 \uc785\uc7a5\uc744 \ub418\ud480\uc774\ud558\ub418, \uc704\ud5d8\uc744 \ud3c9\uac00\ud560 \uc2dc\uac04\uc774 \ub354 \ud544\uc694\ud558\uace0, 2022\ub144\ubcf4\ub2e4 \uc815\ucc45 \uc5ec\ub825\uc774 \ub354 \ud06c\ub2e4\ub294 \uc810(\ub2f9\uc2dc\ubcf4\ub2e4 \uc778\ud50c\ub808\uc774\uc158\u00b7\uae08\ub9ac \ud658\uacbd\uc774 \uc548\uc815\ub410\ub2e4\ub294 \uc758\ubbf8)\uc744 \uac15\uc870\ud560 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.\n\n3\uc6d4 PMI(\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218\u00b7\uae30\uc5c5 \uc124\ubb38\uc73c\ub85c \uacbd\uae30 \ud655\uc7a5\/\uc704\ucd95\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)\ub294 \ud504\ub791\uc2a4\uc640 \ub3c5\uc77c\uc774 \uc5c7\uac08\ub838\ub2e4. \ud504\ub791\uc2a4 \uc11c\ube44\uc2a4\uc5c5 PMI\ub294 48.3(TDS\/\uc2dc\uc7a5: 49.0)\uc73c\ub85c \ud558\ub77d\ud574 50 \ubbf8\ub9cc\uc758 \uc704\ucd95 \uad6d\uba74\uc5d0\uc11c \uac10\uc18c \ud3ed\uc774 \ucee4\uc84c\ub2e4. \uc9c0\uc815\ud559\uc801 \ubd88\ud655\uc2e4\uc131\uacfc \uc120\uac70\ub97c \uc55e\ub454 \uacbd\uacc4\uac10\uc73c\ub85c \uc218\uc694\uac00 \uc57d\ud574\uc9c4 \uc601\ud5a5\uc774\ub2e4.\n\n\ub3c5\uc77c \uc81c\uc870\uc5c5 PMI\ub294 51.7(TDS: 49.0, \uc2dc\uc7a5: 49.5)\ub85c \uc0c1\uc2b9\ud574 4\ub144\uc5ec \ub9cc\uc5d0 \uac00\uc7a5 \uac15\ud55c \uc0dd\uc0b0 \uc99d\uac00\ub97c \uae30\ub85d\ud588\ub2e4. \uc911\ub3d9 \ubd84\uc7c1 \uad00\ub828 \uc8fc\ubb38 \uc99d\uac00\uc640 \uc7ac\uace0 \ube44\ucd95(\ud5a5\ud6c4 \uacf5\uae09 \ucc28\uc9c8\uc5d0 \ub300\ube44\ud574 \ubbf8\ub9ac \ubb3c\ub7c9\uc744 \uc313\ub294 \uac83)\uc774 \uc0c1\uc2b9 \uc694\uc778\uc73c\ub85c \uc9c0\ubaa9\ub410\ub2e4.\n\n\ud22c\uc785\ube44\uc6a9(\uae30\uc5c5\uc774 \uc0dd\uc0b0\uc5d0 \uc4f0\ub294 \uc6d0\uc7ac\ub8cc\u00b7\uc5d0\ub108\uc9c0 \ube44\uc6a9)\uc740 \uc591\uad6d \ubaa8\ub450\uc5d0\uc11c \uc62c\ub790\uace0, \uc8fc\ub85c \uc5d0\ub108\uc9c0\uc640 \uc6d0\uc790\uc7ac \uac00\uaca9\uc774 \uc6d0\uc778\uc774\uc5c8\ub2e4. \ub2e4\ub9cc \ub450 \ub098\ub77c \ubaa8\ub450 \uae30\uc5c5\uc774 \uc544\uc9c1 \uc774 \ube44\uc6a9\uc744 \uc18c\ube44\uc790 \uac00\uaca9\uc5d0 \uc804\uac00(\uc81c\ud488\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9 \uc778\uc0c1\uc73c\ub85c \ube44\uc6a9 \uc0c1\uc2b9\uc744 \ub5a0\ub118\uae30\ub294 \uac83)\ud558\uc9c0\ub294 \ubabb\ud55c \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\ub2e4.\n\n\uace0\uc6a9 \uc5ec\uac74\ub3c4 \ud504\ub791\uc2a4\uc640 \ub3c5\uc77c \ubaa8\ub450 \uc57d\ud654\ub410\ub2e4. \uac10\uc6d0 \uc18d\ub3c4\ub294 \ube68\ub77c\uc9c0\uace0 \ucc44\uc6a9\uc740 \ub454\ud654\ub410\uc73c\uba70, \uc774\ub780 \uad00\ub828 \ubd88\ud655\uc2e4\uc131\uc73c\ub85c \uae30\uc5c5 \uc2ec\ub9ac\ub3c4 \uc545\ud654\ub410\ub2e4.\n\nECB\ub294 \ub2f9\ubd84\uac04 \uad00\ub9dd \uae30\uc870\ub97c \uc720\uc9c0\ud558\uba70 \uc815\ucc45 \ubcc0\uacbd \uc804 \u2018\uc2dc\uac04\uc774 \ub354 \ud544\uc694\ud558\ub2e4\u2019\ub294 \uc2e0\ud638\ub97c \ubcf4\ub0b4\ub294 \ubaa8\uc2b5\uc774\ub2e4. \uc774 \uacbd\uc6b0 \ub2e8\uae30 \uae08\ub9ac \uc635\uc158(\uc9e7\uc740 \ub9cc\uae30\uc758 \uae08\ub9ac \ubcc0\ub3d9\uc5d0 \ubca0\ud305\ud558\ub294 \ud30c\uc0dd\uc0c1\ud488), \uc608\ub97c \ub4e4\uc5b4 \uc720\ub9ac\ubcf4 \uc120\ubb3c \uc635\uc158\uc5d0 \ubc18\uc601\ub41c \ub0b4\uc7ac\ubcc0\ub3d9\uc131(\uc2dc\uc7a5 \uac00\uaca9\uc5d0 \ub4e4\uc5b4 \uc788\ub294 \u2018\uc608\uc0c1 \ubcc0\ub3d9\uc131\u2019)\uc774 \ud5a5\ud6c4 \uc218\uc8fc \ub3d9\uc548\uc740 \uacfc\ub3c4\ud558\uac8c \ub192\uac8c \ud3c9\uac00\ub3fc \uc788\uc744 \uc218 \uc788\ub2e4. \uc608\uae08\uae08\ub9ac(ECB\uac00 \uc740\ud589\uc758 \uc911\uc559\uc740\ud589 \uc608\uce58\uc5d0 \uc801\uc6a9\ud558\ub294 \uae30\uc900\uae08\ub9ac)\uac00 3.50%\uc778 \uac00\uc6b4\ub370, \uc2dc\uc7a5\uc774 \uae30\ub300\ud574 \uc628 \uc5ec\ub984 \uae08\ub9ac \uc778\ud558 \uc804\ub9dd\ub3c4 \uc774 \uac19\uc740 \uc2e0\uc911\ud55c \uba54\uc2dc\uc9c0\ub85c \ub2e4\uc18c \uc57d\ud574\uc9c8 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4.\n\n\uc720\ub7fd \ucd5c\ub300 \uacbd\uc81c\uad8c\uc778 \ub3c5\uc77c\uacfc \ud504\ub791\uc2a4\uc758 \uacbd\uae30 \ud750\ub984\uc774 \uac08\ub9ac\uba74\uc11c \uc0c1\ub300\uac00\uce58(\uac19\uc740 \uc2dc\uc7a5 \ub0b4 \ub450 \uc790\uc0b0\uc758 \uc131\uacfc \ucc28\uc774\uc5d0 \ubca0\ud305\ud558\ub294 \uc804\ub7b5) \uae30\ud68c\uac00 \ub69c\ub837\ud574\uc84c\ub2e4. \ub3c5\uc77c\uc758 \uc0c1\ub300\uc801 \uac15\uc138\uc5d0 \ubca0\ud305\ud558\ub294 \ubc29\uc548\uc73c\ub85c, \ub3c5\uc77c DAX \uc9c0\uc218 \ucf5c\uc635\uc158(\uc9c0\uc218\uac00 \uc624\ub974\uba74 \uc774\uc775\uc774 \ub098\ub294 \uad8c\ub9ac)\uc744 \ub9e4\uc218\ud558\ub294 \ub3d9\uc2dc\uc5d0 \ud504\ub791\uc2a4 CAC 40 \uc9c0\uc218 \ud48b\uc635\uc158(\uc9c0\uc218\uac00 \ub0b4\ub9ac\uba74 \uc774\uc775\uc774 \ub098\ub294 \uad8c\ub9ac)\uc744 \ub9e4\uc218\ud558\ub294 \uc804\ub7b5\uc744 \uace0\ub824\ud560 \ub9cc\ud558\ub2e4. \uc774\ub294 \uc720\ub7fd \uc804\uccb4 \ud750\ub984\uacfc \ubd84\ub9ac\ud574 \ud504\ub791\uc2a4\uc758 \uacbd\uae30 \uc57d\uc138\ub97c \ub354 \uc9c1\uc811\uc801\uc73c\ub85c \uaca8\ub0e5\ud55c\ub2e4.\n\n\ud22c\uc785\ube44\uc6a9 \uc0c1\uc2b9\uc740 \ucd5c\uadfc \ube0c\ub80c\ud2b8\uc720(\uad6d\uc81c \uc720\uac00 \uae30\uc900) \uac00\uaca9\uc774 \ubc30\ub7f4\ub2f9 95\ub2ec\ub7ec\ub97c \ub2e4\uc2dc \ub118\uae34 \uc601\ud5a5\uc774 \ud06c\uba70, \uc544\uc9c1 \uc18c\ube44\uc790\ubb3c\uac00\ub85c \ucda9\ubd84\ud788 \uc62e\uaca8\ubd99\uc9c0 \uc54a\uc558\ub2e4\ub294 \uc810\uc774 \ud575\uc2ec \ubcc0\uc218\ub2e4. 2026\ub144 2\uc6d4 HICP(\uc870\ud654 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218\u00b7\uc720\ub85c\uc874 \uad6d\uac00 \uac04 \ube44\uad50\ub97c \uc704\ud574 \uae30\uc900\uc744 \ub9de\ucd98 \uc18c\ube44\uc790\ubb3c\uac00)\uac00 2.8%\ub85c \ub098\uc628 \uac83\uc740 \ubb3c\uac00\uac00 \uc27d\uac8c \ub5a8\uc5b4\uc9c0\uc9c0 \uc54a\ub294\ub2e4\ub294 \ub73b\uc774\ub2e4. \ube44\uc6a9 \uc804\uac00 \uc870\uc9d0\uc774 \ub098\ud0c0\ub098\uba74 ECB\uac00 \uc62c\ud574 \ud6c4\ubc18 \ub354 \uac15\ud558\uac8c \ub300\uc751\ud574\uc57c \ud560 \uc218 \uc788\ub2e4. \ud2b8\ub808\uc774\ub354\ub4e4\uc740 PPI(\uc0dd\uc0b0\uc790\ubb3c\uac00\uc9c0\uc218\u00b7\uae30\uc5c5 \ucd9c\uace0 \ub2e8\uacc4 \ubb3c\uac00)\ub97c \u2018\uc120\ud589 \uc2e0\ud638\u2019\ub85c \ubcf4\uace0, \ube44\uc6a9 \uc555\ub825\uc774 \ucd5c\uc885 \uac00\uaca9\uc73c\ub85c \uc774\ub3d9\ud558\ub294 \ud750\ub984\uc744 \uc810\uac80\ud560 \ud544\uc694\uac00 \uc788\ub2e4.\n\n\uc774\ub780 \ubd84\uc7c1\uc73c\ub85c \uae30\uc5c5 \uc2ec\ub9ac\uac00 \uc545\ud654\ub418\ub294 \uad6d\uba74\uc5d0\uc11c\ub294 \ud558\ubc29 \ubc29\uc5b4(\uac00\uaca9 \ud558\ub77d \uc704\ud5d8\uc744 \uc904\uc774\ub294 \uc804\ub7b5)\uc5d0 \ucd08\uc810\uc744 \ub458 \ud544\uc694\uac00 \uc788\ub2e4. 2022\ub144\ucc98\ub7fc \uc815\ucc45 \ubc29\ud5a5\uc774 \uae09\uaca9\ud788 \ubc14\ub010 \uc0ac\ub840\ub97c \uac10\uc548\ud558\uba74, \uae34\uc7a5 \uace0\uc870\uc5d0 \ub530\ub978 \uae09\ub77d\uc5d0 \ub300\ube44\ud55c \ud5e4\uc9c0\uac00 \uc911\uc694\ud558\ub2e4. \uc720\ub85c\uc2a4\ud1a1\uc2a450 \uc9c0\uc218 OTM(\uc678\uac00\uaca9\u00b7\ud604\uc7ac \uc9c0\uc218 \uc218\uc900\uc5d0\uc11c \ud589\uc0ac\ud574\ub3c4 \uc774\uc775\uc774 \ub098\uc9c0 \uc54a\ub294, \ub300\uc2e0 \ubcf4\ud5d8\ub8cc\uac00 \uc0c1\ub300\uc801\uc73c\ub85c \uc2fc) \ud48b\uc635\uc158\uc744 \ub9e4\uc218\ud558\uba74, \uc9c0\uc815\ud559\uc801 \ucda9\uaca9\uc73c\ub85c \uc2dc\uc7a5 \uc804\ubc18\uc774 \ud558\ub77d\ud560 \ub54c \ube44\uc6a9 \ud6a8\uc728\uc801\uc778 \ubc29\uc5b4 \uc218\ub2e8\uc774 \ub420 \uc218 \uc788\ub2e4.\n

\n\n

\uc9c0\uae08 \ubc14\ub85c \uac70\ub798\ub97c \uc2dc\uc791\ud558\uc138\uc694 – VT Markets \uc2e4\uacc4\uc88c\ub97c \uac1c\uc124\ud558\ub824\uba74 \uc5ec\uae30<\/a>\ub97c \ud074\ub9ad\ud558\uc138\uc694 <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

\u201c\uc2dc\uac04 \ub354 \ud544\uc694\u201d ECB, \uc9c0\uc815\ud559 \ub9ac\uc2a4\ud06c\uc5d0\ub3c4 \uc2e0\uc911 \uae30\uc870. \ud504\ub791\uc2a4 PMI \ubd80\uc9c4\u00b7\ub3c5\uc77c \uc81c\uc870\uc5c5 \uac15\uc138\ub85c \uc5c7\uac08\ub824 \uc0c1\ub300\uac00\uce58 \ubd80\uac01. \uc720\uac00\ubc1c \ube44\uc6a9\uc555\ub825\u00b7PPI \uc8fc\uc2dc, \ubcc0\ub3d9\uc131 \uacfc\ub300\u00b7OTM \ud48b \ud5e4\uc9c0.<\/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-42259","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\/42259","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=42259"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/42259\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=42259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=42259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=42259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}