{"id":44195,"date":"2026-04-08T03:41:08","date_gmt":"2026-04-08T03:41:08","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/td%ec%a6%9d%ea%b6%8c-rbnz-%ea%b8%b0%ec%a4%80%ea%b8%88%eb%a6%ac-%eb%8f%99%ea%b2%b0-%ec%a0%84%eb%a7%9d%ea%b2%bd%ea%b8%b0-%eb%b6%80%ec%a7%84-%ec%86%8d-%ea%b3%b5%ea%b8%89-%ec%b6%a9\/"},"modified":"2026-04-08T03:41:08","modified_gmt":"2026-04-08T03:41:08","slug":"td%ec%a6%9d%ea%b6%8c-rbnz-%ea%b8%b0%ec%a4%80%ea%b8%88%eb%a6%ac-%eb%8f%99%ea%b2%b0-%ec%a0%84%eb%a7%9d%ea%b2%bd%ea%b8%b0-%eb%b6%80%ec%a7%84-%ec%86%8d-%ea%b3%b5%ea%b8%89-%ec%b6%a9","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/td%ec%a6%9d%ea%b6%8c-rbnz-%ea%b8%b0%ec%a4%80%ea%b8%88%eb%a6%ac-%eb%8f%99%ea%b2%b0-%ec%a0%84%eb%a7%9d%ea%b2%bd%ea%b8%b0-%eb%b6%80%ec%a7%84-%ec%86%8d-%ea%b3%b5%ea%b8%89-%ec%b6%a9\/","title":{"rendered":"TD\uc99d\uad8c \u201cRBNZ, \uae30\uc900\uae08\ub9ac \ub3d9\uacb0 \uc804\ub9dd\u2026\uacbd\uae30 \ubd80\uc9c4 \uc18d \uacf5\uae09 \ucda9\uaca9 \ub300\uc751\uc5d4 \uc778\ub0b4 \ud544\uc694\u201d"},"content":{"rendered":"

TD\uc99d\uad8c(TD Securities) \uae00\ub85c\ubc8c \uc804\ub7b5\ud300\uc740 \uc2dc\uc7a5 \uc608\uc0c1\ub300\ub85c \ub274\uc9c8\ub79c\ub4dc\uc911\uc559\uc740\ud589(RBNZ)\uc774 \ub2e4\uc74c \ud68c\uc758\uc5d0\uc11c \uae30\uc900\uae08\ub9ac\uc778 \uacf5\uc2dd\ud604\uae08\uae08\ub9ac(OCR\u00b7\uc740\ud589 \uac04 \ucd08\ub2e8\uae30 \uae08\ub9ac\uc758 \uae30\uc900)\ub97c \ub3d9\uacb0\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4.<\/p>\n

\uc804\ub7b5\ud300\uc740 \uacbd\uc81c\uac00 \uc7a0\uc7ac\ub825(\uc0dd\uc0b0\ub2a5\ub825) \uc774\ud558\ub85c \uc6c0\uc9c1\uc774\ub294 \uc0c1\ud669\uc5d0\uc11c, \uacf5\uae09 \ucda9\uaca9(\uc6d0\uc790\uc7ac\u00b7\ubb3c\ub958 \ub4f1 \uacf5\uae09 \uce21 \uc694\uc778\uc73c\ub85c \ubb3c\uac00\uac00 \ud754\ub4e4\ub9ac\ub294 \ud604\uc0c1)\uc5d0 \ub300\ud574\uc11c\ub294 \uc11c\ub450\ub974\uc9c0 \uc54a\uace0 \u2018\uc778\ub0b4\ud558\ub294\u2019 \uc811\uadfc\uc744 RBNZ\uac00 \uac15\uc870\ud560 \uac83\uc73c\ub85c \ubd24\ub2e4.<\/p>\n

Market Pricing And Policy Signals<\/h3>\n

\uc804\ub7b5\ud300\uc5d0 \ub530\ub974\uba74 \uc2dc\uc7a5\uc740 2026\ub144\uc5d0 \uae30\uc900\uae08\ub9ac\uac00 75bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8\u00b70.01%\ud3ec\uc778\ud2b8) \uc774\uc0c1 \uc624\ub97c \uac83\uc73c\ub85c \ubc18\uc601\ud558\uace0 \uc788\uc73c\uba70, RBNZ\uc758 \ubc1c\uc5b8\uc774 \uc774\ub7f0 \uc2dc\uc7a5 \uae30\ub300\uc640 \uc5bc\ub9c8\ub098 \ub2e4\ub978\uc9c0 \uc810\uac80\ud560 \uacc4\ud68d\uc774\ub2e4.<\/p>\n

\uc804\ub7b5\ud300\uc740 \ud68c\uc758\ub85d(\ud68c\uc758 \ub0b4\uc6a9 \uae30\ub85d)\uc5d0\uc11c RBNZ\uac00 \uae08\ub9ac \uc778\uc0c1 \uc2dc\uc810\uc744 \uc55e\ub2f9\uae38 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud558\ub294 \ub2e8\uc11c\uac00 \uc788\ub294\uc9c0 \ud655\uc778\ud560 \ubc29\uce68\uc774\ub2e4.<\/p>\n

\uc791\uc131 \uacfc\uc815\uc5d0\uc11c \uc778\uacf5\uc9c0\ub2a5(AI\u00b7\uc0ac\ub78c\uc758 \ud559\uc2b5\u00b7\ucd94\ub860\uc744 \ubaa8\ubc29\ud574 \uae00\uc744 \uc0dd\uc131\ud558\ub294 \uc18c\ud504\ud2b8\uc6e8\uc5b4) \ub3c4\uad6c\uc758 \ub3c4\uc6c0\uc744 \ubc1b\uc558\uace0, \ud3b8\uc9d1\uc790\uac00 \uac80\ud1a0\ud588\ub2e4\uace0 \ubc1d\ud614\ub2e4.<\/p>\n

\uc2dc\uc7a5 \ud574\uc11d\uc774 RBNZ \uc758\ub3c4\uc640 \uc5b4\uae0b\ub0ac\ub2e4\ub294 \uac8c \uc804\ub7b5\ud300\uc758 \ud310\ub2e8\uc774\ub2e4. \ud604\uc7ac \uc2dc\uc7a5\uc740 2026\ub144 75bp \ub118\ub294 \uc778\uc0c1\uc744 \ubc18\uc601\ud558\uace0 \uc788\ub294\ub370 \uacfc\ub3c4\ud558\ub2e4\ub294 \ud3c9\uac00\ub2e4. \uc804\ub7b5\ud300\uc740 RBNZ\uac00 OCR\uc744 \ub3d9\uacb0\ud558\uace0 \u2018\uc778\ub0b4\uac00 \ud544\uc694\ud558\ub2e4\u2019\ub294 \uba54\uc2dc\uc9c0\ub97c \ub0bc \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4.<\/p>\n

Implications For Traders And Nzd<\/h3>\n

\uc774 \uac19\uc740 \uc804\ub9dd\uc740 \ucd5c\uadfc \uacbd\uc81c\uc9c0\ud45c\ub85c \ub4b7\ubc1b\uce68\ub41c\ub2e4\ub294 \uc124\uba85\uc774\ub2e4. \ubb3c\uac00\uc0c1\uc2b9\ub960\uc740 2025\ub144 \ub0b4\ub0b4 \ub192\uac8c \uc774\uc5b4\uc84c\ub358 \uc218\uc900\uc5d0\uc11c \uc810\ucc28 \ub454\ud654\ud588\uc73c\uba70, 2026\ub144 1\ubd84\uae30 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI\u00b7\uac00\uacc4\uac00 \uad6c\ub9e4\ud558\ub294 \uc0c1\ud488\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9\uc758 \ud3c9\uade0 \ubcc0\ud654)\ub294 3.1%\ub97c \uae30\ub85d\ud588\ub2e4. \ub610\ud55c \uad6d\ub0b4\ucd1d\uc0dd\uc0b0(GDP\u00b7\ud55c \ub098\ub77c\uac00 \uc77c\uc815 \uae30\uac04 \uc0dd\uc0b0\ud55c \uc7ac\ud654\u00b7\uc11c\ube44\uc2a4\uc758 \ud569) \uc99d\uac00\uc728\uc740 0.2%\uc5d0 \uadf8\uccd0, \uacbd\uc81c\uac00 \uc7a0\uc7ac\ub825 \uc774\ud558\uc5d0\uc11c \uc6c0\uc9c1\uc774\uace0 \ucd94\uac00 \uae34\ucd95(\uae08\ub9ac \uc778\uc0c1 \ub4f1 \ud1b5\ud654\uc815\ucc45\uc744 \ub354 \ube61\ube61\ud558\uac8c \ud558\ub294 \uac83)\uc5d0 \ucde8\uc57d\ud558\ub2e4\ub294 \uc810\uc744 \ubcf4\uc5ec\uc92c\ub2e4\uace0 \ud588\ub2e4.<\/p>\n

\ud30c\uc0dd\uc0c1\ud488(\uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \uc6c0\uc9c1\uc774\ub294 \uae08\uc735\uc0c1\ud488) \ud22c\uc790\uc790 \uad00\uc810\uc5d0\uc11c\ub294 \uc2dc\uc7a5\uc758 \u2018\uacf5\uaca9\uc801 \uae08\ub9ac \uc778\uc0c1\u2019 \uae30\ub300\uc5d0 \ubc18\ub300\ub85c \ud3ec\uc9c0\uc158\uc744 \uc7a1\ub294 \uc804\ub7b5\uc774 \uac00\ub2a5\ud558\ub2e4\uace0 \ubd24\ub2e4. \uc608\ub97c \ub4e4\uc5b4 OIS(\uc624\ubc84\ub098\uc774\ud2b8 \uc778\ub371\uc2a4 \uc2a4\uc651\u00b7\ud558\ub8e8\uc9dc\ub9ac \uae30\uc900\uae08\ub9ac\ub97c \ubc14\ud0d5\uc73c\ub85c \uace0\uc815\uae08\ub9ac\uc640 \ubcc0\ub3d9\uae08\ub9ac\ub97c \uad50\ud658\ud558\ub294 \uacc4\uc57d)\ub098 \uc635\uc158(\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc0ac\uac70\ub098 \ud314 \uad8c\ub9ac)\uc744 \ud65c\uc6a9\ud574, \uc2dc\uc7a5\uc774 \ubc18\uc601\ud55c \uac83\ubcf4\ub2e4 OCR \uacbd\ub85c\uac00 \ud6e8\uc52c \ub0ae\uc744 \uac83\uc5d0 \ubca0\ud305\ud558\ub294 \ubc29\uc2dd\uc774\ub2e4. \ud575\uc2ec\uc740 \uc911\uc559\uc740\ud589\uc774 \uc131\uba85\uc5d0\uc11c \uc2dc\uc7a5\uc758 \ud604\uc7ac \uac00\uc815\uc744 \ub204\uadf8\ub7ec\ub728\ub9ac\ub294(\uacfc\uc5f4 \uae30\ub300\ub97c \uc81c\uc5b4\ud558\ub294) \uba54\uc2dc\uc9c0\ub97c \ub0bc \uac83\uc774\ub77c\ub294 \ud310\ub2e8\uc774\ub2e4.<\/p>\n

\uc774 \uac19\uc740 \ube44\ub458\uae30\ud30c\uc801(\ud1b5\ud654 \uae34\ucd95\ubcf4\ub2e4 \uc644\ud654\uc5d0 \ubb34\uac8c\ub97c \ub450\ub294) \uae30\uc870\ub294 \ub274\uc9c8\ub79c\ub4dc\ub2ec\ub7ec(NZD)\uc5d0\ub3c4 \ud558\ubc29 \uc555\ub825(\uac00\uaca9\uc744 \ub04c\uc5b4\ub0b4\ub9ac\ub294 \ud798)\uc73c\ub85c \uc791\uc6a9\ud560 \uc218 \uc788\ub2e4\uace0 \ud588\ub2e4. 2025\ub144\uc5d0\ub3c4 RBNZ\uac00 \u2018\uc77c\uc2dc \uc911\ub2e8(\ub3d9\uacb0)\u2019 \uc2e0\ud638\ub97c \ub0b4\uc790 \uc774\ud6c4 \uba87 \uc8fc \ub3d9\uc548 NZD\/USD(\ub274\uc9c8\ub79c\ub4dc\ub2ec\ub7ec\/\ubbf8\uad6d\ub2ec\ub7ec \ud658\uc728)\uac00 \ud06c\uac8c \uc57d\uc138\ub97c \ubcf4\uc778 \uc0ac\ub840\uac00 \uc788\ub2e4\uace0 \uc124\uba85\ud588\ub2e4. \uc774\uc5d0 \ub530\ub77c \ud0a4\uc704\ub2ec\ub7ec(\ub274\uc9c8\ub79c\ub4dc\ub2ec\ub7ec)\uac00 \ud558\ub77d\ud560 \ub54c \uc218\uc775\uc774 \ub098\ub294 \uc635\uc158 \uc804\ub7b5\uc774 \uc720\ub9ac\ud560 \uc218 \uc788\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4.<\/p>\n

\uac00\uc7a5 \ud070 \uc704\ud5d8 \uc694\uc778\uc740 \uc774\ubc88 \ud68c\uc758\ub85d\uc5d0\uc11c \uc608\uc0c1 \ubc16\uc758 \ub9e4\ud30c\uc801(\uae08\ub9ac \uc778\uc0c1 \ub4f1 \uae34\ucd95\uc5d0 \ubb34\uac8c\ub97c \ub450\ub294) \ud1a4\uc774 \ub098\uc624\ub294 \uac83\uc774\ub2e4. \uc804\ub7b5\ud300\uc740 \uad6d\ub0b4 \ubb3c\uac00\uac00 \uc27d\uac8c \ub0b4\ub824\uac00\uc9c0 \uc54a\ub294 \uc0c1\ud669\uc5d0 \ub300\ud55c \uc6b0\ub824\uac00, \uacbd\uae30 \ub454\ud654 \uc6b0\ub824\ub97c \uc555\ub3c4\ud558\uae30 \uc2dc\uc791\ud558\ub294 \uc2e0\ud638\uac00 \uc788\ub294\uc9c0 \uc810\uac80\ud560 \uacc4\ud68d\uc774\ub2e4. \uc774\ub7f0 \ubcc0\ud654\uac00 \ud655\uc778\ub418\uba74, \uae08\ub9ac \uc778\uc0c1 \uc2dc\uc810\uc774 \uc55e\ub2f9\uaca8\uc9c8 \uac00\ub2a5\uc131\uc774 \ub2e4\uc2dc \ucee4\uc9c4\ub2e4\ub294 \ub73b\uc774\ub77c\uace0 \uc9c0\uc801\ud588\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201c\uc2dc\uc7a5, 2026\ub144 75bp \uc778\uc0c1 \ubca0\ud305 \uacfc\ud588\ub098?\u201d TD\uc99d\uad8c\uc740 RBNZ\uac00 \ub2e4\uc74c \ud68c\uc758 OCR \ub3d9\uacb0\u00b7\u2018\uc778\ub0b4\u2019 \uba54\uc2dc\uc9c0\ub85c \uae30\ub300\ub97c \uc9c4\uc815\uc2dc\ud0ac \ub4ef. \ub9e4\ud30c \uc804\ud658 \ub550 \ub9ac\uc2a4\ud06c, NZD \ud558\ubc29.<\/p>\n","protected":false},"author":0,"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-44195","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\/44195","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"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=44195"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/44195\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=44195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=44195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=44195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}