{"id":44419,"date":"2026-04-11T00:50:32","date_gmt":"2026-04-11T00:50:32","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/dbs%ea%b7%b8%eb%a3%b9-%eb%a6%ac%ec%84%9c%ec%b9%98%eb%8a%94-mas%ea%b0%80-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%96%b5%ec%a0%9c%eb%a5%bc-%ea%b0%95%ec%a1%b0%ed%95%98%eb%a9%b0-%ec%8b%b1\/"},"modified":"2026-04-11T00:50:32","modified_gmt":"2026-04-11T00:50:32","slug":"dbs%ea%b7%b8%eb%a3%b9-%eb%a6%ac%ec%84%9c%ec%b9%98%eb%8a%94-mas%ea%b0%80-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%96%b5%ec%a0%9c%eb%a5%bc-%ea%b0%95%ec%a1%b0%ed%95%98%eb%a9%b0-%ec%8b%b1","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/dbs%ea%b7%b8%eb%a3%b9-%eb%a6%ac%ec%84%9c%ec%b9%98%eb%8a%94-mas%ea%b0%80-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%96%b5%ec%a0%9c%eb%a5%bc-%ea%b0%95%ec%a1%b0%ed%95%98%eb%a9%b0-%ec%8b%b1\/","title":{"rendered":"DBS\uadf8\ub8f9 \ub9ac\uc11c\uce58\ub294 MAS\uac00 \uc778\ud50c\ub808\uc774\uc158 \uc5b5\uc81c\ub97c \uac15\uc870\ud558\uba70 \uc2f1\uac00\ud3ec\ub974\ub2ec\ub7ec(SGD) NEER \uc815\ucc45 \uae30\uc6b8\uae30\ub97c \uc18c\ud3ed \uac00\ud314\ub77c\uc9c0\uac8c \ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4"},"content":{"rendered":"

DBS\uadf8\ub8f9 \ub9ac\uc11c\uce58\ub294 \uc2f1\uac00\ud3ec\ub974 \ud1b5\ud654\uccad(MAS)\uc774 4\uc6d4 14\uc77c \ud68c\uc758\uc5d0\uc11c \uc2f1\uac00\ud3ec\ub974\ub2ec\ub7ec **\uba85\ubaa9\uc2e4\ud6a8\ud658\uc728(SGD NEER\u00b7\uc2f1\uac00\ud3ec\ub974\ub2ec\ub7ec\uac00 \uc5ec\ub7ec \uad50\uc5ed\uc0c1\ub300\uad6d \ud1b5\ud654 \ub300\ube44 \uc804\ubc18\uc801\uc73c\ub85c \uc5bc\ub9c8\ub098 \uac15\ud55c\uc9c0 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\uc218)** \uc815\ucc45 \ubc34\ub4dc\uc758 **\uae30\uc6b8\uae30(\ud658\uc728\uc774 \uc2dc\uac04\uc5d0 \ub530\ub77c \uc5b4\ub290 \uc18d\ub3c4\ub85c \uc624\ub974\ub0b4\ub9ac\ub3c4\ub85d \ud5c8\uc6a9\ud558\ub294 \uc815\ub3c4)**\ub97c \uc18c\ud3ed \uc0c1\ud5a5 \uc870\uc815\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4. \uc774\ub294 \uc9c0\ub09c\ud574 \ub2e8\ud589\ub41c \uae30\uc6b8\uae30 \uc778\ud558(\uc644\ud654)\ub97c \ub418\ub3cc\ub9ac\ub294 \uc870\uce58\ub2e4.<\/p>\n

\uc774 \uac19\uc740 \uc804\ub9dd\uc740 \ube0c\ub80c\ud2b8\uc720\uac00 \ubc30\ub7f4\ub2f9 100\ub2ec\ub7ec \uc548\ud30e\uc5d0\uc11c \uac70\ub798\ub418\uace0 \uc218\ucd9c\ub3c4 \uacac\uc870\ud574 **\uc218\uc785\ubb3c\uac00 \uc0c1\uc2b9(\ud574\uc678\uc5d0\uc11c \ub4e4\uc5ec\uc624\ub294 \uc0c1\ud488 \uac00\uaca9 \uc0c1\uc2b9\uc73c\ub85c \uad6d\ub0b4 \ubb3c\uac00\uac00 \uc624\ub974\ub294 \ud604\uc0c1)**\uc5d0 \ub300\ud55c \uacbd\uacc4\uac00 \ucee4\uc9c8 \uc218 \uc788\ub2e4\ub294 \ud310\ub2e8\uc5d0 \uadfc\uac70\ud55c\ub2e4. MAS\ub294 \ubb3c\uac00 \uc804\ub9dd\ub3c4 \ud568\uaed8 \uc5c5\ub370\uc774\ud2b8\ud560 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.<\/p>\n

Expected Inflation Forecast Revisions<\/h3>\n

\uadfc\uc6d0\ubb3c\uac00(\ubcc0\ub3d9\uc774 \ud070 \uc2dd\ub8cc\ud488\u00b7\uc5d0\ub108\uc9c0 \ub4f1\uc744 \uc81c\uc678\ud574 \ubb3c\uac00\uc758 \ucd94\uc138\ub97c \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c) \uc804\ub9dd\uce58\ub294 \uae30\uc874 1~2%\uc5d0\uc11c 1.5~2.5%\ub85c \uc0c1\ud5a5\ub420 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4. \uc804\uccb4 \uc18c\ube44\uc790\ubb3c\uac00(CPI-All Items\u00b7\ubaa8\ub4e0 \ud488\ubaa9\uc744 \ud3ec\ud568\ud55c \uc18c\ube44\uc790\ubb3c\uac00) \uc804\ub9dd\ub3c4 \uc5d0\ub108\uc9c0 \uac00\uaca9 \uc0c1\uc2b9\uc744 \ubc18\uc601\ud574 \ub192\uc544\uc9c8 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.<\/p>\n

MAS\ub294 \uc815\ucc45 \uacb0\uc815\uacfc \ub3d9\uc2dc\uc5d0 2026\ub144 1\ubd84\uae30(1Q26) **GDP \uc18d\ubcf4\uce58(\ube60\ub974\uac8c \uacf5\uac1c\ud558\ub294 \uc608\ube44 GDP \ucd94\uc815\uce58)**\ub97c \ubc1c\ud45c\ud560 \uc608\uc815\uc774\ub2e4. GDP\ub294 \uc804\ub144 \ub300\ube44 5.4%, \uc804\uae30 \ub300\ube44 -1.1%(\uacc4\uc808\uc870\uc815\u00b7\uacc4\uc808\uc801 \uc694\uc778\uc744 \uc81c\uac70\ud574 \ube44\uad50 \uac00\ub2a5\ud55c \uc218\uce58\ub85c \ub9cc\ub4e0 \uac83)\ub85c \uc608\uc0c1\ub418\uba70, 2025\ub144 4\ubd84\uae30(4Q25)\uc758 \uc804\ub144 \ub300\ube44 6.3%, \uc804\uae30 \ub300\ube44 2.1%(\uacc4\uc808\uc870\uc815)\uc5d0\uc11c \ub454\ud654\ud558\ub294 \ud750\ub984\uc774\ub2e4.<\/p>\n

Trading Implications For Sgd<\/h3>\n

\ud30c\uc0dd\uc0c1\ud488(\uc635\uc158\u00b7\uc120\ubb3c \ub4f1 \uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \ubcc0\ud558\ub294 \uc0c1\ud488) \ud22c\uc790\uc790 \uad00\uc810\uc5d0\uc11c\ub294 \ubbf8 \ub2ec\ub7ec \ub4f1 \ub300\ube44 \uc2f1\uac00\ud3ec\ub974\ub2ec\ub7ec \uac15\uc138\uc5d0 \ub300\ube44\ud55c \ud3ec\uc9c0\uc158\uc774 \uc720\ub9ac\ud560 \uc218 \uc788\ub2e4. \uc608\ub97c \ub4e4\uc5b4 **SGD \ucf5c\uc635\uc158(\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc2f1\uac00\ud3ec\ub974\ub2ec\ub7ec\ub97c \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac)** \ub9e4\uc218\ub294 \uc815\ucc45 \ubb38\uad6c\uac00 \ub9e4\ud30c\uc801(\ubb3c\uac00 \uc5b5\uc81c\ub97c \uc704\ud574 \uae34\ucd95\uc744 \uc120\ud638\ud558\ub294 \uc131\ud5a5)\uc77c \uacbd\uc6b0 \ud1b5\ud654 \uac15\uc138\uc5d0 \ub530\ub978 \uc218\uc775 \uae30\ud68c\ub97c \uc81c\uacf5\ud560 \uc218 \uc788\ub2e4. \uacfc\uac70 2022\ub144 MAS\uac00 \uc608\uc0c1 \ubc16 \uae34\ucd95\uc744 \ub2e8\ud589\ud588\uc744 \ub54c \uc2f1\uac00\ud3ec\ub974\ub2ec\ub7ec\ub294 \uc774\ud6c4 3\uac1c\uc6d4 \ub3d9\uc548 \ubbf8 \ub2ec\ub7ec \ub300\ube44 \ub69c\ub837\ud55c \uac15\uc138\ub97c \ubcf4\uc778 \ubc14 \uc788\ub2e4.<\/p>\n

\ub610\ud55c 1Q26 GDP \uc18d\ubcf4\uce58\uac00 \uc804\ub144 \ub300\ube44 5.4%\ub85c \uacac\uc870\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\ub294 \uc810\ub3c4 \uae34\ucd95 \uadfc\uac70\ub97c \uac15\ud654\ud55c\ub2e4. 2025\ub144 \ub9d0\ubcf4\ub2e4 \uc131\uc7a5\ub960\uc774 \ub454\ud654\ud558\ub354\ub77c\ub3c4 \uacbd\uc81c \uae30\ubc18\uc774 \ud0c4\ud0c4\ud558\ub2e4\ub294 \uc2e0\ud638\ub85c \ud574\uc11d\ub420 \uc218 \uc788\ub2e4. \ub530\ub77c\uc11c \ud68c\uc758 \uc804 **\uc120\ub3c4\ud658(\ud3ec\uc6cc\ub4dc\u00b7\ubbf8\ub798 \ud2b9\uc815 \uc2dc\uc810\uc5d0 \uc815\ud55c \ud658\uc728\ub85c \ud1b5\ud654\ub97c \uad50\ud658\ud558\uae30\ub85c \ud558\ub294 \uacc4\uc57d)**\uc744 \ud65c\uc6a9\ud574 \uc2f1\uac00\ud3ec\ub974\ub2ec\ub7ec \ub9e4\uc218(\ub871) \ud3ec\uc9c0\uc158\uc744 \uad6c\ucd95\ud558\ub294 \uc804\ub7b5\uc774 \uac70\ub860\ub41c\ub2e4.<\/p>\n

\uc815\ucc45 \uc804\ud658\uc740 \uad6d\ub0b4 \uae08\ub9ac\uc5d0\ub3c4 \uc0c1\ubc29 \uc555\ub825\uc73c\ub85c \uc791\uc6a9\ud560 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4. \ud22c\uc790\uc790\ub4e4\uc740 **SORA(\uc2f1\uac00\ud3ec\ub974 \ubb34\ub2f4\ubcf4 \uc775\uc77c\uae08\ub9ac \ud3c9\uade0\u00b7\uc2f1\uac00\ud3ec\ub974\uc758 \uc0ac\uc2e4\uc0c1 \uae30\uc900\uc774 \ub418\ub294 \ub2e8\uae30\uae08\ub9ac)** \uc0c1\uc2b9 \uac00\ub2a5\uc131\uc744 \uc5fc\ub450\uc5d0 \ub458 \ud544\uc694\uac00 \uc788\ub2e4. \uc774\ub97c **\uae08\ub9ac\uc2a4\uc651(\uace0\uc815\uae08\ub9ac\uc640 \ubcc0\ub3d9\uae08\ub9ac\ub97c \uad50\ud658\ud574 \uae08\ub9ac \ubcc0\ub3d9 \uc704\ud5d8\uc744 \uad00\ub9ac\ud558\uac70\ub098 \ud22c\uc790\ud558\ub294 \uacc4\uc57d)**\uc73c\ub85c \ub300\uc751\ud558\ub294 \uc804\ub7b5\ub3c4 \uc81c\uc2dc\ub41c\ub2e4. 3\uc6d4 \uadfc\uc6d0\ubb3c\uac00 2.1% \uc218\uc900\uc740 \ub354 \ub192\uc740 \uae08\ub9ac\ub97c \uc815\ub2f9\ud654\ud560 \uc218 \uc788\ub294 \uadfc\uac70\ub85c \ud574\uc11d\ub420 \uc218 \uc788\ub2e4.<\/p>\n

\ub610\ud55c \ubc1c\ud45c \uc804\uae4c\uc9c0 \uc2f1\uac00\ud3ec\ub974\ub2ec\ub7ec \uc635\uc158\uc758 **\ub0b4\uc7ac\ubcc0\ub3d9\uc131(\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \ud5a5\ud6c4 \ubcc0\ub3d9\uc131 \uae30\ub300\uce58)**\uc740 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud560 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4. \ud575\uc2ec\uc740 MAS\uac00 \uc608\uc0c1\ub300\ub85c \uacf5\uc2dd \ubb3c\uac00 \uc804\ub9dd\uce58\ub97c \uc0c1\ud5a5\ud558\ub290\ub0d0\ub2e4. \uadfc\uc6d0\ubb3c\uac00 \uc804\ub9dd\uc774 1.5~2.5%\ub85c \uc62c\ub77c\uac00\uba74 \uae34\ucd95 \uae30\uc870 \uc804\ud658\uc744 \ud655\uc778\ud558\ub294 \uc2e0\ud638\uac00 \ub418\uba70, \ud5a5\ud6c4 \uc218\uc8fc\uac04 \uc2f1\uac00\ud3ec\ub974\ub2ec\ub7ec \uac15\uc138\ub97c \ub4b7\ubc1b\uce68\ud560 \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\uae30\ub984\uac12\u00b7\uc218\ucd9c \ud638\uc870\uc5d0 \uc778\ud50c\ub808 \uacbd\uacc4\u2026DBS \u201cMAS, 4\/14 SGD NEER \ubc34\ub4dc \uae30\uc6b8\uae30 \uc18c\ud3ed \uc0c1\ud5a5\u201d \uc804\ub9dd. \uadfc\uc6d0\ubb3c\uac00 \uc0c1\ud5a5, SGD \uac15\uc138\u00b7SORA \uc0c1\uc2b9 \ubca0\ud305 \ud655\uc0b0.<\/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-44419","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\/44419","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=44419"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/44419\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=44419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=44419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=44419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}