{"id":43730,"date":"2026-03-31T11:37:00","date_gmt":"2026-03-31T11:37:00","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%9c%a0%eb%a1%9c%ec%a1%b4-3%ec%9b%94-%ec%97%b0%ea%b0%84-hicp-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-2-5%ec%98%88%ec%83%81%ec%b9%98-2-7-%ed%95%98%ed%9a%8c\/"},"modified":"2026-03-31T11:37:00","modified_gmt":"2026-03-31T11:37:00","slug":"%ec%9c%a0%eb%a1%9c%ec%a1%b4-3%ec%9b%94-%ec%97%b0%ea%b0%84-hicp-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-2-5%ec%98%88%ec%83%81%ec%b9%98-2-7-%ed%95%98%ed%9a%8c","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%9c%a0%eb%a1%9c%ec%a1%b4-3%ec%9b%94-%ec%97%b0%ea%b0%84-hicp-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-2-5%ec%98%88%ec%83%81%ec%b9%98-2-7-%ed%95%98%ed%9a%8c\/","title":{"rendered":"\uc720\ub85c\uc874 3\uc6d4 \uc5f0\uac04 HICP \uc778\ud50c\ub808\uc774\uc158 2.5%\u2026\uc608\uc0c1\uce58 2.7% \ud558\ud68c"},"content":{"rendered":"\uc720\ub85c\uc874 **\uc870\ud654\uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(HICP)**\ub294 3\uc6d4\uc5d0 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 **2.5%** \uc0c1\uc2b9\ud588\ub2e4. \uc2dc\uc7a5 \uc608\uc0c1\uce58 **2.7%**\ub97c \ubc11\ub3cc\uc558\ub2e4.  \n\u203b HICP\ub294 \uc720\ub85c\uc874 \uad6d\uac00\ub4e4\uc774 \uac19\uc740 \uae30\uc900\uc73c\ub85c \uacc4\uc0b0\ud558\ub294 **\uc18c\ube44\uc790 \ubb3c\uac00 \uc9c0\ud45c**\ub85c, \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc774 \ubb3c\uac00 \ud310\ub2e8\uc5d0 \ud575\uc2ec\uc73c\ub85c \ud65c\uc6a9\ud55c\ub2e4.\n\n\uc720\ub85c\uc874 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc774 \uc608\uc0c1(2.7%)\ubcf4\ub2e4 \ub0ae\uc740 2.5%\ub85c \ub098\uc624\uba74\uc11c, **ECB\uc758 \uae30\uc900\uae08\ub9ac \uc778\ud558\uac00 \ub354 \ube68\ub77c\uc9c8 \uc218 \uc788\ub2e4\ub294 \uc804\ub9dd**\uc5d0 \ud798\uc774 \uc2e4\ub838\ub2e4. \uc774\ub294 \ubb3c\uac00 \uc555\ub825\uc774 \uc608\uc0c1\ubcf4\ub2e4 \ube60\ub974\uac8c \uc57d\ud574\uc9c0\uace0 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud558\uba70, 2025\ub144 \ub9d0 \uc774\ud6c4 \uc774\uc5b4\uc9c4 **\ub514\uc2a4\uc778\ud50c\ub808\uc774\uc158(\ubb3c\uac00 \uc0c1\uc2b9\ub960 \ub454\ud654)** \ud750\ub984\uc744 \uac15\ud654\ud55c\ub2e4. \uc2dc\uc7a5\uc740 2\ubd84\uae30 ECB \ud68c\uc758\uc5d0\uc11c **\uae08\ub9ac \uc778\ud558 \uac00\ub2a5\uc131**\uc744 \ub354 \ud06c\uac8c \ubc18\uc601\ud560 \uac00\ub2a5\uc131\uc774 \ub192\ub2e4.\n\n<h3>Rate Cut Expectations<\/h3>\n\ud2b8\ub808\uc774\ub354\ub294 **\ub2e8\uae30\uae08\ub9ac \ud558\ub77d**\uc5d0 \uc774\uc775\uc774 \ub098\ub294 \ud3ec\uc9c0\uc158\uc744 \uac80\ud1a0\ud560 \ub9cc\ud558\ub2e4. \uc608\ub97c \ub4e4\uc5b4 **\uc720\ub9ac\ubcf4 \uc120\ubb3c(Euribor futures)** \ub9e4\uc218 \uc804\ub7b5\uc774 \uc788\ub2e4.  \n\u203b \uc720\ub9ac\ubcf4 \uc120\ubb3c\uc740 **\uc720\ub85c \ub2e8\uae30 \uae08\ub9ac(\uc740\ud589 \uac04 \uc790\uae08\uac70\ub798 \uae08\ub9ac)\ub97c \uae30\ucd08\uc790\uc0b0**\uc73c\ub85c \ud558\ub294 \ud30c\uc0dd\uc0c1\ud488\uc73c\ub85c, \uae08\ub9ac\uac00 \ub0b4\ub9b4\uc218\ub85d \uac00\uaca9\uc774 \uc624\ub974\ub294 \uad6c\uc870\ub2e4.\n\n\ub3c5\uc77c **2\ub144\ubb3c \ubd84\ud2b8(Bund) \uad6d\ucc44\uae08\ub9ac**\ub294 \uc774 \uc18c\uc2dd \uc774\ud6c4 **12bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8\u00b70.01%\ud3ec\uc778\ud2b8)** \ud558\ub77d\ud574 **2.40%**\ub97c \uae30\ub85d\ud558\uba70 \uc2dc\uc7a5\uc758 \uc989\uac01\uc801\uc778 \ubc18\uc751\uc744 \ubcf4\uc5ec\uc92c\ub2e4. \uc774\ub294 2025\ub144\uc5d0\ub3c4 \ubc18\ubcf5\ub410\ub358 \ud750\ub984\uc73c\ub85c, **\ubb3c\uac00 \uc9c0\ud45c\uac00 \uc57d\ud558\uac8c \ub098\uc624\uba74 \ub2e8\uae30 \uad6d\ucc44\uac00 \uac15\uc138(\uac00\uaca9 \uc0c1\uc2b9, \uae08\ub9ac \ud558\ub77d)**\ub97c \ubcf4\uc774\ub294 \ud328\ud134\uacfc \uac19\ub2e4.\n\nECB\uac00 **\ub354 \uc644\ud654\uc801(\ube44\ub458\uae30\ud30c\u00b7dovish)** \ud0dc\ub3c4\ub85c \uae30\uc6b8\uba74, \ubbf8\uad6d \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed)\uac00 \uae08\ub9ac\ub97c \uc720\uc9c0\ud558\ub294 \uc0c1\ud669\uc5d0\uc11c **\uc720\ub85c\ud654\uc5d0\ub294 \ud558\ub77d \uc555\ub825**\uc774 \ucee4\uc9c8 \uc218 \uc788\ub2e4.  \n\u203b \ube44\ub458\uae30\ud30c\ub294 \uacbd\uae30 \ubd80\uc591\uc744 \uc704\ud574 **\uae08\ub9ac \uc778\ud558 \ub4f1 \uc644\ud654\uc801 \uc815\ucc45**\uc744 \uc120\ud638\ud558\ub294 \uc131\ud5a5\uc744 \ub73b\ud55c\ub2e4.\n\n\ud1b5\ud654\uc815\ucc45 \ucc28\uc774\uac00 \ub69c\ub837\ud588\ub358 \uc9c0\ub09c\ud574\uc5d0\ub294 **EUR\/USD \ud658\uc728\uc774 1.06 \uc544\ub798\ub85c \ud558\ub77d**\ud55c \ubc14 \uc788\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc720\ub85c \uc57d\uc138\uc5d0 \ub300\ube44\ud558\uac70\ub098 \uc218\uc775\uc744 \ub178\ub9ac\uae30 \uc704\ud574 **EUR\/USD \ud48b\uc635\uc158(\ud558\ub77d\uc5d0 \ubca0\ud305\ud558\ub294 \uc635\uc158)** \ub9e4\uc218 \ub610\ub294 **\uc120\ubb3c \ub9e4\ub3c4\ub97c \ud1b5\ud55c \uc20f \ud3ec\uc9c0\uc158**\uc774 \ud5e4\uc9c0(\uc704\ud5d8 \ud68c\ud53c) \uc804\ub7b5\uc774 \ub420 \uc218 \uc788\ub2e4.  \n\u203b \ud48b\uc635\uc158\uc740 \uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \ud314 \uc218 \uc788\ub294 \uad8c\ub9ac\ub85c, \uac00\uaca9\uc774 \ub5a8\uc5b4\uc9c8 \ub54c \uac00\uce58\uac00 \ucee4\uc9c4\ub2e4. \uc20f \ud3ec\uc9c0\uc158\uc740 \uac00\uaca9 \ud558\ub77d \uc2dc \uc774\uc775\uc774 \ub098\ub294 \uac70\ub798\ub2e4.\n\n\uc774\ub7f0 \ud658\uacbd\uc740 \ub300\uccb4\ub85c **\uc720\ub7fd \uc8fc\uc2dd\uc2dc\uc7a5\uc5d0 \uc6b0\ud638\uc801**\uc774\ub2e4. \ucc28\uc785 \ube44\uc6a9 \ud558\ub77d \uc804\ub9dd\uc774 \uae30\uc5c5 \uc774\uc775 \uc804\ub9dd\uc5d0 \uae0d\uc815\uc801\uc73c\ub85c \uc791\uc6a9\ud558\uae30 \ub54c\ubb38\uc774\ub2e4. **\uc720\ub85c\uc2a4\ud1a1\uc2a450 \uc9c0\uc218(Euro Stoxx 50)**\ub294 \uc0c1\uc2b9 \ucd9c\ubc1c\uc744 \uc2dc\uc0ac\ud558\uba70, \uacbd\uae30\uc758 **\uc5f0\ucc29\ub959(\ud070 \ucda9\uaca9 \uc5c6\uc774 \ub454\ud654)** \uae30\ub300\uac00 \ub2e4\uc2dc \ucee4\uc9c0\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4. \uae08\ub9ac \uc778\ud558 \uae30\ub300\uc5d0 \ub530\ub978 \uc8fc\uac00 \uc0c1\uc2b9\uc5d0 \ub300\ube44\ud574 \uc8fc\uc694 \uc720\ub7fd \uc9c0\uc218\uc5d0 \ub300\ud55c **\ucf5c\uc635\uc158(\uc0c1\uc2b9\uc5d0 \ubca0\ud305\ud558\ub294 \uc635\uc158)** \uc218\uc694\uac00 \ub298\uc5b4\ub0a0 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4.  \n\u203b \ucf5c\uc635\uc158\uc740 \uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac\ub85c, \uac00\uaca9\uc774 \uc624\ub97c \ub54c \uac00\uce58\uac00 \ucee4\uc9c4\ub2e4.\n\n<h3>Equity Market Implications<\/h3>\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>\uc720\ub85c\uc874 3\uc6d4 HICP 2.5%\ub85c \uc608\uc0c1(2.7%) \ud558\ud68c, ECB \uc870\uae30 \uae08\ub9ac\uc778\ud558 \ubca0\ud305 \uc7ac\uc810\ud654. \ub3c5\uc77c 2\ub144\ubb3c 12bp \uae09\ub77d, \uc720\ub85c \uc57d\uc138\u00b7\uc720\ub7fd\uc8fc \uac15\uc138 \uc2dc\ub098\ub9ac\uc624 \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-43730","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\/43730","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=43730"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/43730\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=43730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=43730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=43730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}