{"id":44558,"date":"2026-04-14T02:23:06","date_gmt":"2026-04-14T02:23:06","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/dbs-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8-%ed%95%84%eb%a6%bd-%ec%9c%84-mas-%ea%b3%bc%ea%b1%b0-%ec%99%84%ed%99%94-%ec%a1%b0%ec%b9%98-%ec%b2%a0%ed%9a%8c%ec%8b%b1\/"},"modified":"2026-04-14T02:23:06","modified_gmt":"2026-04-14T02:23:06","slug":"dbs-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8-%ed%95%84%eb%a6%bd-%ec%9c%84-mas-%ea%b3%bc%ea%b1%b0-%ec%99%84%ed%99%94-%ec%a1%b0%ec%b9%98-%ec%b2%a0%ed%9a%8c%ec%8b%b1","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/dbs-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8-%ed%95%84%eb%a6%bd-%ec%9c%84-mas-%ea%b3%bc%ea%b1%b0-%ec%99%84%ed%99%94-%ec%a1%b0%ec%b9%98-%ec%b2%a0%ed%9a%8c%ec%8b%b1\/","title":{"rendered":"DBS \uc774\ucf54\ub178\ubbf8\uc2a4\ud2b8 \ud544\ub9bd \uc704 \u201cMAS, \uacfc\uac70 \uc644\ud654 \uc870\uce58 \ucca0\ud68c\u2026\uc2f1\uac00\ud3ec\ub974\ub2ec\ub7ec(NEER) \uc815\ucc45 \ubc34\ub4dc \uc815\uc0c1\ud654\ub85c \ubcf5\uadc0\ud560 \uac83\u201d \uc804\ub9dd"},"content":{"rendered":"<p>DBS\uadf8\ub8f9\ub9ac\uc11c\uce58\uc758 \uc774\ucf54\ub178\ubbf8\uc2a4\ud2b8 \ud544\ub9bd \uc704\ub294 \uc2f1\uac00\ud3ec\ub974 \ud1b5\ud654\uccad(MAS)\uc774 \uacfc\uac70\uc758 \uc644\ud654 \uc870\uce58\ub97c \ub418\ub3cc\ub824 \uc2f1\uac00\ud3ec\ub974\ub2ec\ub7ec(SGD) \uba85\ubaa9\uc2e4\ud6a8\ud658\uc728(NEER\u00b7\uc8fc\uc694 \uad50\uc5ed\uc0c1\ub300\uad6d \ud1b5\ud654 \ub300\ube44 \uac00\uc911\ud3c9\uade0\ud55c \ud658\uc728 \uc9c0\ud45c) \uc815\ucc45\ubc34\ub4dc\ub97c \u2018\uc815\uc0c1\ud654\u2019\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4. \uadf8\ub294 \uc5d0\ub108\uc9c0 \uac00\uaca9 \uae09\ub4f1(\uc5d0\ub108\uc9c0 \uc1fc\ud06c)\uc73c\ub85c MAS\uc758 \ubb3c\uac00 \uc804\ub9dd\uce58\uac00 \uc0c1\ud5a5\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ud588\uc73c\uba70, SGD\uc758 \uad50\uc5ed\uac00\uc911 \ud658\uc728 \uc218\uc900\uc774 \uc815\ucc45\ubc34\ub4dc\uc758 \uc911\uac04\uac12(mid-point) \uc704\uc5d0 \uc788\ub2e4\uace0 \uc9c0\uc801\ud588\ub2e4.<\/p>\n<p>\uc77c\uc694\uc77c \uc774\uc2ac\ub77c\ub9c8\ubc14\ub4dc \uc815\uc0c1\ud68c\ub2f4\uc5d0\uc11c J.D. \ubc34\uc2a4 \ubbf8\uad6d \ubd80\ud1b5\ub839\uacfc \ubaa8\ud558\ub9c8\ub4dc \ubc14\uac8c\ub974 \uac08\ub9ac\ubc14\ud504 \uc774\ub780 \uad6d\ud68c\uc758\uc7a5 \uac04 \ud68c\ub2f4\uc774 \uacb0\ub82c\ub41c \uc774\ud6c4 \uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc774 \ub2e4\uc2dc \ucee4\uc9c8 \uc804\ub9dd\uc774\ub2e4. \ubcf4\uace0\uc11c\ub294 \ubbf8\uad6d-\uc774\ub780 \uac08\ub4f1\uc774 \uc644\ud654\ub420 \uc218 \uc788\ub2e4\ub294 \uae30\ub300\uac00 \uc57d\ud574\uc84c\uae30 \ub54c\ubb38\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4.<\/p>\n<h3>\ud638\ub974\ubb34\uc988 \uacf5\uae09 \ucda9\uaca9\uc774 \uc815\ucc45 \uc804\ud658 \ucd09\ubc1c<\/h3>\n<p>\ubcf4\uace0\uc11c\ub294 \uac04\ud0b4\uc6a9 \ubd80\ucd1d\ub9ac\uac00 \ud638\ub974\ubb34\uc988 \ud574\ud611\uc758 \u2018\ubcd1\ubaa9 \uc9c0\uc810(\ucd08\ud06c\ud3ec\uc778\ud2b8\u00b7\ubb3c\ub958\/\uc6b4\uc1a1\uc774 \uc9d1\uc911\ub3fc \ub9c9\ud788\uba74 \uacf5\uae09\uc774 \uae09\uac10\ud558\ub294 \ud575\uc2ec \ud1b5\ub85c)\u2019\uc744 1973\ub144 \uc624\uc77c\uc1fc\ud06c(\uc11d\uc720 \uae08\uc218\uc870\uce58) \uc774\ud6c4 \ucd5c\uc545\uc73c\ub85c \ud3c9\uac00\ud588\ub2e4\uace0 \uc804\ud588\ub2e4. \ub610 \uc774\ub97c \uc77c\ubc18\uc801\uc778 \uac00\uaca9 \ubcc0\ub3d9\uc774 \uc544\ub2c8\ub77c \u2018\uacf5\uae09 \ucda9\uaca9(\uacf5\uae09\uc774 \uc904\uc5b4 \ubb3c\uac00\uac00 \uc624\ub974\ub294 \ud604\uc0c1)\u2019\uc73c\ub85c \ubcf8\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4.<\/p>\n<p>MAS\uac00 2025\ub144 1\uc6d4\uacfc 4\uc6d4\uc5d0 \ub2e8\ud589\ud55c \uc815\ucc45 \uae30\uc6b8\uae30(slope\u00b7NEER \uc815\ucc45\ubc34\ub4dc\uac00 \uc2dc\uac04\uc5d0 \ub530\ub77c \uc0c1\uc2b9\/\ud558\ub77d\ud558\ub3c4\ub85d \uc815\ud558\ub294 \uacbd\uc0ac) \ucd95\uc18c 2\uac74\uc744 \ub418\ub3cc\ub9b4 \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4. \ud575\uc2ec\ubb3c\uac00(\uadfc\uc6d0\ubb3c\uac00\u00b7\ubcc0\ub3d9\uc131\uc774 \ud070 \uc2dd\ub8cc\ud488\uacfc \uc5d0\ub108\uc9c0 \ub4f1\uc744 \uc81c\uc678\ud574 \uae30\uc870\ub97c \ubcf4\uc5ec\uc8fc\ub294 \ubb3c\uac00) \uc804\ub9dd\uce58\ub97c 1~2%\uc5d0\uc11c 1.5~2.5%\ub85c \uc62c\ub9ac\uace0, \uc804\uccb4 \uc18c\ube44\uc790\ubb3c\uac00(CPI-All Items\u00b7\uc804 \ud488\ubaa9 \uc18c\ube44\uc790\ubb3c\uac00) \uc804\ub9dd\ub3c4 \uc0c1\ud5a5\ud560 \uac83\uc73c\ub85c \ub0b4\ub2e4\ubd24\ub2e4.<\/p>\n<p>SGD NEER\uac00 \uc815\ucc45\ubc34\ub4dc \uc911\uac04\uac12 \ub300\ube44 \uc57d 1.8% \ub192\uc740 \uc218\uc900\uc774\ub77c\uace0 \ubc1d\ud614\ub2e4. \ub2e4\ub9cc USD\/SGD(\ubbf8 \ub2ec\ub7ec\/\uc2f1\uac00\ud3ec\ub974\ub2ec\ub7ec \ud658\uc728)\ub294 \uc5ec\uc804\ud788 \uae00\ub85c\ubc8c \ub2ec\ub7ec \ud750\ub984\uc744 \ub530\ub978\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4.<\/p>\n<p>\ub2f9\uc0ac\ub294 MAS\uac00 \uc2f1\uac00\ud3ec\ub974\ub2ec\ub7ec \uac15\uc138\ub97c \uc720\ub3c4\ud558\ub294 \ubc29\uc2dd\uc73c\ub85c \ud1b5\ud654\uc815\ucc45\uc744 \uae34\ucd95(\uac15\ud654)\ud560 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4\uace0 \ubcf8\ub2e4. \uc774\uc2ac\ub77c\ub9c8\ubc14\ub4dc \ud68c\ub2f4 \uacb0\ub82c\ub85c \uae00\ub85c\ubc8c \uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \uc0c1\uc2b9\ud588\uace0, \uc774\ub294 \uc218\uc785\ubb3c\uac00\ub97c \uc790\uadf9\ud560 \uc218 \uc788\ub294 \u2018\uacf5\uae09 \ucda9\uaca9\u2019\uc73c\ub85c \uc778\uc2dd\ub418\uace0 \uc788\uc5b4 MAS\uac00 \ub300\uc751\uc5d0 \ub098\uc124 \uacf5\uc0b0\uc774 \ud06c\ub2e4.<\/p>\n<h3>\uc2f1\uac00\ud3ec\ub974\ub2ec\ub7ec \uac15\uc138\uc5d0 \ub300\ud55c \uac70\ub798 \uc544\uc774\ub514\uc5b4<\/h3>\n<p>\uc774\ub294 2025\ub144 1\uc6d4\uacfc 4\uc6d4\uc5d0 \uc788\uc5c8\ub358 \uc644\ud654\uc758 \u2018\uc9c1\uc811\uc801\uc778 \ub418\ub3cc\ub9bc\u2019\uc774 \ub420 \uc218 \uc788\ub2e4. 2026\ub144 3\uc6d4 \ubc1c\ud45c\ub41c \ucd5c\uadfc \uc9c0\ud45c\uc5d0\uc11c \uc2f1\uac00\ud3ec\ub974 \ud575\uc2ec\ubb3c\uac00\ub294 \uc804\ub144 \ub300\ube44 2.1%\ub97c \uae30\ub85d\ud574 MAS\uc758 \uc774\uc804 \uc804\ub9dd \ubc94\uc704 \uc0c1\ub2e8\uc5d0 \uc774\ubbf8 \uadfc\uc811\ud588\ub2e4. \ube0c\ub80c\ud2b8\uc720(\uad6d\uc81c \uc720\uac00 \ub300\ud45c \uc9c0\ud45c)\uac00 \ubc30\ub7f4\ub2f9 115\ub2ec\ub7ec\ub97c \uc6c3\ub3c4\ub294 \uc0c1\ud669\uc774 \uc774\uc5b4\uc9c0\ub294 \ub9cc\ud07c, \ub2e4\uc74c \ud68c\uc758\uc5d0\uc11c MAS\uac00 \ubb3c\uac00 \uc804\ub9dd\uc744 \uacf5\uc2dd\uc801\uc73c\ub85c \uc0c1\ud5a5\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ud55c\ub2e4.<\/p>\n<p>MAS\ub294 2022\ub144 \uc6b0\ud06c\ub77c\uc774\ub098 \uc804\uc7c1\ubc1c \uc5d0\ub108\uc9c0 \ucda9\uaca9\uc73c\ub85c \uc778\ud50c\ub808\uc774\uc158\uc774 \ud655\ub300\ub418\uc790 \uc5ec\ub7ec \ucc28\ub840 \uc815\ucc45\uc744 \uacf5\uaca9\uc801\uc73c\ub85c \uae34\ucd95\ud55c \ubc14 \uc788\ub2e4. \uac04 \ubd80\ucd1d\ub9ac\uac00 \uc774\ubc88 \ud638\ub974\ubb34\uc988 \uc0c1\ud669\uc744 1973\ub144 \uc774\ud6c4 \ucd5c\uc545\uc73c\ub85c \uaddc\uc815\ud55c \uc810\uc740 \ube44\uc2b7\ud55c \uc218\uc900\uc758 \uac15\ud55c \ub300\uc751 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \uc2dc\uc7a5\uc5d0\uc11c\ub294 NEER \uc815\ucc45\ubc34\ub4dc\uc758 \uc911\uc2ec \uc7ac\uc124\uc815(\ub9ac\uc13c\ud130\ub9c1\u00b7\ubc34\ub4dc \uc804\uccb4\ub97c \uc704\/\uc544\ub798\ub85c \uc62e\uae30\ub294 \uc870\uce58) \ub610\ub294 \uae30\uc6b8\uae30 \ud655\ub300(\ub354 \ube60\ub978 SGD \uc808\uc0c1\uc744 \ud5c8\uc6a9\ud558\ub294 \uc870\uce58)\ub97c \uc5fc\ub450\uc5d0 \ub458 \ud544\uc694\uac00 \uc788\ub2e4.<\/p>\n<p>\ud30c\uc0dd\uc0c1\ud488(\uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc5d0 \uc5f0\ub3d9\ub418\ub294 \uae08\uc735\uc0c1\ud488) \ud22c\uc790\uc790 \uc785\uc7a5\uc5d0\uc11c\ub294 \ud5a5\ud6c4 \uc218\uc8fc \ub0b4 SGD \uac15\uc138\uc5d0 \ud3ec\uc9c0\uc158\uc744 \ub458 \uae30\ud68c\uac00 \ub420 \uc218 \uc788\ub2e4. \uad50\uc5ed\uac00\uc911 SGD\ub294 \uc774\ubbf8 \uc815\ucc45\ubc34\ub4dc \uc0c1\ub2e8 \ucabd\uc5d0\uc11c \uac70\ub798\ub418\uace0 \uc788\uc73c\uba70, \uc911\uac04\uac12 \ub300\ube44 \uc57d 1.8% \ub192\uc740 \uc218\uc900\uc774\ub2e4. \uc815\ucc45 \ubcc0\ud654\uac00 \uacf5\uc2dd\ud654\ub418\uae30 \uc804\ubd80\ud130 \uae30\ucd08 \uccb4\ub825\uc774 \uac15\ud558\ub2e4\ub294 \uc2e0\ud638\ub85c \ud574\uc11d\ub41c\ub2e4.<\/p>\n<p>\ub2e4\ub9cc \ub2ec\ub7ec\ub294 \uc548\uc804\uc790\uc0b0(\uc704\uae30 \uc2dc \uc120\ud638\ub418\ub294 \uc790\uc0b0) \uc218\uc694\ub85c \uac15\uc138\ub97c \ubcf4\uc774\uace0 \uc788\uc73c\uba70, DXY\uc9c0\uc218(\uc8fc\uc694 6\uac1c \ud1b5\ud654 \ub300\ube44 \ub2ec\ub7ec \uac00\uce58 \uc9c0\uc218)\uac00 108\uc744 \uc0c1\ud68c\ud588\ub2e4. \uc774 \uacbd\uc6b0 SGD\uac00 \uac15\uc138\ub97c \ubcf4\uc774\ub354\ub77c\ub3c4 \ub2ec\ub7ec \ub300\ube44 \uc0c1\uc2b9 \ud3ed\uc740 \uc81c\ud55c\ub420 \uc218 \uc788\ub2e4. USD\/SGD \ud558\ub77d\uc740 \uae09\ub77d\ubcf4\ub2e4 \uc644\ub9cc\ud55c \ud558\ub77d(\u2018\uadf8\ub77c\uc778\ub4dc\u2019)\uc5d0 \uadf8\uce60 \uc218 \uc788\ub2e4.<\/p>\n<p>\uc774\uc5d0 \ub530\ub77c \uac70\ub798\uc790\ub4e4\uc740 \uc720\ub85c(EUR)\ub098 \uc5d4\ud654(JPY)\ucc98\ub7fc \uc548\uc804\uc790\uc0b0 \uc218\uc694\uac00 \uc0c1\ub300\uc801\uc73c\ub85c \ub35c\ud55c \ud1b5\ud654 \ubc14\uc2a4\ucf13(\uc5ec\ub7ec \ud1b5\ud654\ub97c \ubb36\uc5b4 \ube44\uad50\/\uac70\ub798\ud558\ub294 \uad6c\uc131) \ub300\ube44 SGD \ucf5c\uc635\uc158(\ubbf8\ub9ac \uc815\ud55c \uac00\uaca9\uc5d0 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac)\uc744 \ub9e4\uc218\ud558\ub294 \ubc29\uc548\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4. \uc8fc\uc694 \ud1b5\ud654\uc30d\uc5d0 \uc9d1\uc911\ud55c\ub2e4\uba74, \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9)\uc774 \ub0ae\uc740 \uc678\uac00\uaca9(out-of-the-money\u00b7\ud604\uc7ac \ud658\uc728\ub85c\ub294 \ub2f9\uc7a5 \uc774\uc775\uc774 \ub098\uae30 \uc5b4\ub824\uc6b4) USD\/SGD \ucf5c\uc635\uc158\uc744 \ub9e4\ub3c4\ud574 \ud658\uc728 \uc0c1\uc2b9 \uc5ec\ub825\uc774 \uc81c\ud55c\ub41c\ub2e4\ub294 \uad00\uc810\uc744 \ud45c\ud604\ud560 \uc218 \uc788\ub2e4. \uc774\ub294 SGD \uac15\uc138 \uae30\ub300\ub97c \ubc18\uc601\ud558\uba74\uc11c\ub3c4 \uae00\ub85c\ubc8c \ub2ec\ub7ec \uac15\uc138\ub77c\ub294 \ubc18\ub300 \uc694\uc778\uc744 \ud568\uaed8 \uac10\uc548\ud558\ub294 \uc804\ub7b5\uc774\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018\ud638\ub974\ubb34\uc988 \uc1fc\ud06c\u2019\uc5d0 MAS \uae34\ucd95 \ubcf5\uadc0? DBS\ub294 \uc5d0\ub108\uc9c0 \uacf5\uae09\ucda9\uaca9\uc73c\ub85c \ubb3c\uac00\uc804\ub9dd \uc0c1\ud5a5, NEER \ubc34\ub4dc \uc815\uc0c1\ud654\u00b7\ub9ac\uc13c\ud130\ub9c1\/\uae30\uc6b8\uae30 \ud655\ub300 \uac00\ub2a5\uc131\uc5d0 SGD \uac15\uc138 \ubca0\ud305 \uc720\ud6a8\ud558\ub098 \ub2ec\ub7ec\uac15\uc138\uac00 \uc81c\uc57d.<\/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-44558","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\/44558","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=44558"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/44558\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=44558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=44558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=44558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}