{"id":43739,"date":"2026-03-31T14:37:47","date_gmt":"2026-03-31T14:37:47","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%8a%a4%ed%83%a0%eb%8b%a4%eb%93%9c%ec%b0%a8%ed%83%80%eb%93%9c-%ec%9d%bc%eb%b3%b8%ec%9d%80%ed%96%89-%ec%a7%80%ed%91%9c-%eb%ac%bc%ea%b0%80-%eb%aa%a9%ed%91%9c-%ec%88%98%ec%a4%80%c2%b7\/"},"modified":"2026-03-31T14:37:47","modified_gmt":"2026-03-31T14:37:47","slug":"%ec%8a%a4%ed%83%a0%eb%8b%a4%eb%93%9c%ec%b0%a8%ed%83%80%eb%93%9c-%ec%9d%bc%eb%b3%b8%ec%9d%80%ed%96%89-%ec%a7%80%ed%91%9c-%eb%ac%bc%ea%b0%80-%eb%aa%a9%ed%91%9c-%ec%88%98%ec%a4%80%c2%b7","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%8a%a4%ed%83%a0%eb%8b%a4%eb%93%9c%ec%b0%a8%ed%83%80%eb%93%9c-%ec%9d%bc%eb%b3%b8%ec%9d%80%ed%96%89-%ec%a7%80%ed%91%9c-%eb%ac%bc%ea%b0%80-%eb%aa%a9%ed%91%9c-%ec%88%98%ec%a4%80%c2%b7\/","title":{"rendered":"\uc2a4\ud0e0\ub2e4\ub4dc\ucc28\ud0c0\ub4dc \u201c\uc77c\ubcf8\uc740\ud589 \uc9c0\ud45c, \ubb3c\uac00 \ubaa9\ud45c \uc218\uc900\u00b7\uc0b0\ucd9c\uac2d \ud50c\ub7ec\uc2a4 \uc2dc\uc0ac\u2026\ucd94\uac00 \uae34\ucd95 \uc5ec\uc9c0\u201d"},"content":{"rendered":"\uc77c\ubcf8\uc740\ud589(BoJ)\uc774 3\uc6d4 \ub9d0 \uacf5\uac1c\ud55c \uc790\ub8cc\uc5d0\ub294 \uc815\ubd80 \ubcf4\uc870\uae08 \ub4f1 \uc81c\ub3c4\uc801 \uc694\uc778\uc744 \uc81c\uc678\ud55c \uc2e0\uaddc \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI) \uc9c0\ud45c\uac00 \ud3ec\ud568\ub410\ub2e4. \ud574\ub2f9 \uc9c0\ud45c\ub294 \uae30\uc800 \ubb3c\uac00(\uc77c\uc2dc\uc801\u00b7\uc815\ucc45\uc801 \uc694\uc778\uc744 \uac77\uc5b4\ub0b8 \ubb3c\uac00)\uac00 BoJ\uc758 \ubb3c\uac00 \ubaa9\ud45c\uc778 2% \uadfc\ucc98 \ub610\ub294 \uadf8 \uc774\uc0c1\uc5d0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc92c\ub2e4.\n\n\uc0b0\ucd9c\uac2d(\uacbd\uc81c\uc758 \uc2e4\uc81c \uc0dd\uc0b0\uacfc \uc7a0\uc7ac \uc0dd\uc0b0\uc758 \ucc28\uc774)\uc740 2022\ub144 1\ubd84\uae30\ubd80\ud130 \ud50c\ub7ec\uc2a4(+)\ub85c \ucd94\uc815\ub410\ub2e4. \uc774\ub294 \uc2e4\uc81c \uc131\uc7a5\ub960\uc774 \uc7a0\uc7ac \uc131\uc7a5\ub960\uc744 \uc6c3\ub3cc\uc558\ub2e4\ub294 \ub73b\uc73c\ub85c, \uc0b0\ucd9c\uac2d\uc774 \uacc4\uc18d \ub9c8\uc774\ub108\uc2a4(-)\ub77c\uace0 \ubcf4\ub358 \uae30\uc874 \ucd94\uc815\uacfc \ub2e4\ub974\ub2e4.\n\n<h3>Underlying Inflation And Output Gap<\/h3>\nBoJ\ub294 \uc911\ub9bd\uae08\ub9ac(\uacbd\uae30\ub97c \uacfc\uc5f4\uc2dc\ud0a4\uc9c0\ub3c4, \uc704\ucd95\uc2dc\ud0a4\uc9c0\ub3c4 \uc54a\ub294 \uae08\ub9ac) \ubc94\uc704\ub97c \uba85\ubaa9 \uae30\uc900 1.1~2.5%\ub85c, \ub300\uccb4\ub85c \uc774\uc804\uacfc \uac19\ub2e4\uace0 \uc81c\uc2dc\ud588\ub2e4. \ud1b5\ud654\uc815\ucc45\uc774 \uc5ec\uc804\ud788 \uc644\ud654\uc801(\uae08\ub9ac\uc640 \uc720\ub3d9\uc131\uc774 \uacbd\uae30 \ubd80\uc591 \ucabd\uc5d0 \uce58\uc6b0\uce5c \uc0c1\ud0dc)\uc778 \ub9cc\ud07c \ub370\uc774\ud130\ub294 \ucd94\uac00 \uae08\ub9ac \uc778\uc0c1\uc744 \ub4b7\ubc1b\uce68\ud560 \uc218 \uc788\uc9c0\ub9cc, 2026\ub144\uc5d0 2\ucc28\ub840 \uc778\uc0c1\uc774\ub77c\ub294 \uc2dc\uc7a5 \uae30\ub300\ub97c \ucda9\uc871\ud558\uae30\ub294 \uc27d\uc9c0 \uc54a\ub2e4\ub294 \ucde8\uc9c0\uc758 \uc5b8\uae09\ub3c4 \uc788\uc5c8\ub2e4.\n\n\uc0c8 \ub370\uc774\ud130\ub294 \uc77c\ubcf8\uc758 \uae30\uc800 \ubb3c\uac00\uac00 \uc774\uc81c 2% \ubaa9\ud45c \uc218\uc900\uc774\uac70\ub098 \uadf8 \uc774\uc0c1\uc784\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \ub610\ud55c \uacbd\uc81c\uac00 2022\ub144 \ucd08\ubd80\ud130 \uc7a0\uc7ac\ub825(\uc7a5\uae30\uc801\uc73c\ub85c \ubb34\ub9ac \uc5c6\uc774 \ub0bc \uc218 \uc788\ub294 \uc131\uc7a5\u00b7\uc0dd\uc0b0 \uc218\uc900)\ubcf4\ub2e4 \uc55e\uc11c \uc6c0\uc9c1\uc5ec \uc654\ub2e4\ub294 \uc810\ub3c4 \ud655\uc778\ub41c\ub2e4. \uc774\ub7f0 \ud658\uacbd\uc740 BoJ\uac00 \uae08\ub9ac \uc778\uc0c1\uc744 \uc774\uc5b4\uac08 \uba85\ubd84\uc744 \uc81c\uacf5\ud55c\ub2e4.\n\n\uc774\ub7ec\ud55c \ud574\uc11d\uc740 2026\ub144 2\uc6d4 \ubb3c\uac00 \ubcf4\uace0\uc11c\uc5d0\uc11c\ub3c4 \ub4b7\ubc1b\uce68\ub41c\ub2e4. \ubcf4\uace0\uc11c\ub294 \uadfc\uc6d0 CPI(\ubcc0\ub3d9\uc774 \ud070 \ud488\ubaa9, \uc608\ub97c \ub4e4\uba74 \uc2e0\uc120\uc2dd\ud488 \ub4f1 \uc77c\ubd80\ub97c \uc81c\uc678\ud574 \ud750\ub984\uc744 \ubcf4\ub824\ub294 \ubb3c\uac00 \uc9c0\ud45c)\uac00 2.3%\ub85c \uacac\uc870\ud558\ub2e4\uace0 \uc81c\uc2dc\ud588\ub2e4. 2025\ub144 \ub9c8\uc774\ub108\uc2a4 \uae08\ub9ac\ub97c \ub05d\ub0b8 \uc5ed\uc0ac\uc801 \uc815\ucc45 \uc804\ud658 \uc774\ud6c4, \uc774\ub7f0 \uc218\uce58\ub294 \uc911\uc559\uc740\ud589\uc774 \uc815\ucc45 \uc815\uc0c1\ud654(\ube44\uc0c1\uc2dc\uae30 \uc644\ud654 \uc815\ucc45\uc744 \ub418\ub3cc\ub824 \uc815\uc0c1 \uc218\uc900\uc73c\ub85c \ubcf5\uadc0)\ub97c \uacc4\uc18d\ud560 \uc5ec\uc9c0\ub97c \ub113\ud78c\ub2e4. \uc774\ub860\uc801\uc73c\ub85c\ub294 \uc5d4\ud654\uc5d0 \uc0c1\uc2b9 \uc555\ub825\uc744 \uc904 \uc218 \uc788\ub2e4.\n\n<h3>Trading Implications For Rate Expectations<\/h3>\n\ub2e4\ub9cc \uc2dc\uc7a5\uc774 \uae34\ucd95(\uae08\ub9ac \uc778\uc0c1\u00b7\uc720\ub3d9\uc131 \ucd95\uc18c\ub85c \uacbd\uae30 \uacfc\uc5f4\uc744 \ub9c9\ub294 \uc815\ucc45)\uc744 \uacfc\ub3c4\ud558\uac8c \ubc18\uc601\ud558\uace0 \uc788\uc73c\uba70, 2026\ub144\uc5d0 \ucd94\uac00 2\ud68c \uc778\uc0c1 \uc804\ub9dd\uc740 \uacf5\uaca9\uc801\uc774\ub77c\uace0 \ubcf8\ub2e4. \ubd04\ucca0 \u2018\ucd98\ud22c(Shunto)\u2019 \uc784\uae08 \ud611\uc0c1 \ucd08\uae30 \uacb0\uacfc\ub294 3.9%\ub85c \uc591\ud638\ud588\uc9c0\ub9cc, 2025\ub144\uc5d0 \ub098\ud0c0\ub0ac\ub358 \uae09\uaca9\ud55c \uc784\uae08 \uc99d\uac00\ub9cc\ud07c\uc758 \uac15\ud55c \ud750\ub984\uc740 \uc544\ub2c8\uc5c8\ub2e4. \uc774\ub294 BoJ\uac00 \uc2dc\uc7a5\uc774 \uae30\ub300\ud558\ub294 \uac83\ubcf4\ub2e4 \ub354 \uc2e0\uc911\ud558\uac8c \uc6c0\uc9c1\uc77c \uc774\uc720\uac00 \ub41c\ub2e4.\n\n\ud30c\uc0dd\uc0c1\ud488(\uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc5d0 \uc5f0\ub3d9\ub418\ub294 \uacc4\uc57d) \ud22c\uc790\uc790 \uad00\uc810\uc5d0\uc11c\ub294 \ub2e8\uae30 \uae08\ub9ac \uae30\ub300\uc5d0 \ubbfc\uac10\ud55c \uc0c1\ud488\uc5d0\uc11c \uae30\ud68c\ub97c \uc2dc\uc0ac\ud55c\ub2e4. \ud5a5\ud6c4 6\uac1c\uc6d4 \ub3d9\uc548 BoJ\uac00 \uc2dc\uc7a5 \uc608\uc0c1\ubcf4\ub2e4 \ub35c \uc62c\ub9b4 \uacbd\uc6b0\uc5d0 \uc720\ub9ac\ud55c \uc804\ub7b5\uc744 \uace0\ub824\ud560 \ub9cc\ud558\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \ub2e8\uae30 \uc5d4\ud654 \uae08\ub9ac \uc2a4\uc651(\uace0\uc815\uae08\ub9ac\uc640 \ubcc0\ub3d9\uae08\ub9ac\ub97c \uad50\ud658\ud558\ub294 \uacc4\uc57d)\uc5d0\uc11c \uace0\uc815\uae08\ub9ac\ub97c \ubc1b\ub294 \ud3ec\uc9c0\uc158(Receive Fixed)\uc744 \ucde8\ud560 \uc218 \uc788\ub2e4. \ub610\ud55c \uc608\uc0c1 \ubc16\uc758 \uc778\uc0c1\uc5d0 \ub300\ube44\ud55c \ud5e4\uc9c0(\uc704\ud5d8 \ud68c\ud53c) \uc218\ub2e8\uc73c\ub85c \ud398\uc774\uc5b4 \uc2a4\uc651\uc158(\uc7a5\ub798\uc5d0 \uc2a4\uc651\uc5d0\uc11c \uace0\uc815\uae08\ub9ac\ub97c \uc9c0\uae09\ud558\ub294 \uad8c\ub9ac\ub97c \uc0ac\ub294 \uc635\uc158)\uc744 \ub9e4\uc218\ud558\ub294 \ubc29\uc548\ub3c4 \uc788\ub2e4.\n\n\ube60\ub978 \uc18d\ub3c4\uc758 \uae08\ub9ac \uc778\uc0c1\uc740 \uc7a5\ubcbd\uc774 \uc5ec\uc804\ud788 \ub192\ub2e4. \uc77c\ubcf8\uc758 \ub9c9\ub300\ud55c \uc815\ubd80\ubd80\ucc44(\uad6d\uac00\uac00 \uc9c4 \ube5a) \ub54c\ubb38\uc5d0, \uc911\ub9bd\uae08\ub9ac\uac00 2.5%\uae4c\uc9c0 \uac00\ub2a5\ud558\ub2e4\uace0 \ubcf4\ub354\ub77c\ub3c4 \uc911\uc559\uc740\ud589\uc740 \ub9e4\uc6b0 \uc870\uc2ec\uc2a4\ub7fd\uac8c \uc6c0\uc9c1\uc77c \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4. \uc774\ub294 \uae34\ucd95 \ubc29\ud5a5 \uc790\uccb4\ub294 \uc720\uc9c0\ub418\ub354\ub77c\ub3c4 \uc18d\ub3c4\ub294 \uc644\ub9cc\ud574, \uc5d4\ud654\uc640 \ub2e8\uae30 \uad6d\ucc44 \uae08\ub9ac(\ub2e8\uae30 \uad6d\ucc44 \uc218\uc775\ub960)\uc758 \uc0c1\uc2b9 \uc5ec\ub825\uc744 \uc81c\ud55c\ud560 \uc218 \uc788\uc74c\uc744 \ub73b\ud55c\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>BoJ \uc0c8 CPI\ub294 \uae30\uc800\ubb3c\uac00 2% \uc548\ud30e\u00b7\uc0b0\ucd9c\uac2d \ud50c\ub7ec\uc2a4 \uc804\ud658\uc744 \uc2dc\uc0ac, \uae08\ub9ac\uc778\uc0c1 \uba85\ubd84 \uac15\ud654. \ub2e4\ub9cc \uc911\ub9bd\uae08\ub9ac\u00b7\ubd80\ucc44 \ubd80\ub2f4 \uc18d 2026\ub144 2\ud68c \uc778\uc0c1 \uc804\ub9dd\uc740 \uacfc\ub3c4, \uc778\uc0c1 \uc18d\ub3c4 \ub454\ud654 \uac00\ub2a5.<\/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-43739","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\/43739","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=43739"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/43739\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=43739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=43739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=43739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}