\ub77c\ubcf4\ubc45\ud06c\ub294 \uba55\uc2dc\ucf54 \uc911\uc559\uc740\ud589(Banxico)\uc774 2026\ub144 6\uc6d4\uc774 \uc544\ub2c8\ub77c 5\uc6d4 7\uc77c \ud68c\uc758\uc5d0\uc11c \uae30\uc900\uae08\ub9ac\ub97c 25bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8\u00b70.25%\ud3ec\uc778\ud2b8) \ucd94\uac00 \uc778\ud558\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4. \uc774 \uacbd\uc6b0 \uc815\ucc45\uae08\ub9ac\ub294 6.75%\uc5d0\uc11c \uc5f0\ub9d0 6.50%\ub85c \ub0ae\uc544\uc9c4\ub2e4. <\/p>\n
Banxico \ud68c\uc758\ub85d\uc5d0 \ub530\ub974\uba74 \uc774\uc0ac\ud68c\ub294 \ub2e4\uc218 \uc758\uacac\uc73c\ub85c \uc775\uc77c\ubb3c \uc740\ud589\uac04 \uae08\ub9ac \ubaa9\ud45c\uce58(\ud558\ub8e8\uc9dc\ub9ac \uc740\ud589 \uac04 \uc790\uae08 \uac70\ub798 \uae30\uc900\uae08\ub9ac)\ub97c 25bp \ub0b4\ub824 6.75%\ub85c \uc870\uc815\ud588\ub2e4. \ub610\ud55c \ud1b5\ud654\uc815\ucc45 \uae30\uc870\ub294 \uc5ec\uc804\ud788 \u2018\uae34\ucd95\uc801(\uacbd\uae30 \uc5b5\uc81c\uc801)\u2019\uc774\uba70, \uacbd\uae30\ud65c\ub3d9 \ub454\ud654\uc640 \u2018\uc2ac\ub799(slack\u00b7\uacbd\uc81c\uc758 \uc720\ud734 \uc5ec\ub825, \uc218\uc694 \ubd80\uc871\uc73c\ub85c \uc124\ube44\u00b7\uc778\ub825\uc774 \uc644\uc804\ud788 \ud65c\uc6a9\ub418\uc9c0 \uc54a\ub294 \uc0c1\ud0dc)\u2019\uc774 \uc874\uc7ac\ud55c\ub2e4\uace0 \uc124\uba85\ud588\ub2e4. \ubb3c\uac00 \uc555\ub825\uc740 \u2018\uc77c\uc2dc\uc801 \uc0c1\ub300\uac00\uaca9 \ucda9\uaca9(\ud2b9\uc815 \ud488\ubaa9 \uac00\uaca9\uc774 \uc77c\uc2dc\uc801\uc73c\ub85c \ud280\ub294 \ud604\uc0c1)\u2019\uacfc \uc5f0\uad00\ub3fc \uc788\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4. <\/p>\n
\ud68c\uc758\ub85d\uc740 \ud5a5\ud6c4 \uacb0\uc815\uc774 \uc2e0\uaddc \uc9c0\ud45c\uc640 \ub300\uc678 \uc5ec\uac74\uc5d0 \ub2ec\ub824 \uc788\uc73c\uba70, \uc911\ub3d9 \ubd84\uc7c1\uacfc \uad00\ub828\ub41c \uc804\uac1c\ub3c4 \uace0\ub824 \uc694\uc18c\ub77c\uace0 \ubc1d\ud614\ub2e4. Banxico\ub294 \uc804\ub9dd \uae30\uac04(\uc911\uc559\uc740\ud589\uc774 \uc81c\uc2dc\ud558\ub294 \ud5a5\ud6c4 \ubb3c\uac00 \uc804\ub9dd \uad6c\uac04) \ub3d9\uc548 \u2018\ud5e4\ub4dc\ub77c\uc778 \ubb3c\uac00(\uc804\uccb4 \uc18c\ube44\uc790\ubb3c\uac00, \ubcc0\ub3d9\uc131 \ud070 \ud56d\ubaa9 \ud3ec\ud568)\u2019\uac00 \ubaa9\ud45c\uce58 3%\ub85c \uc218\ub834\ud558\ub3c4\ub85d \ud558\uaca0\ub2e4\ub294 \ubaa9\ud45c\ub97c \uc7ac\ud655\uc778\ud588\ub2e4. <\/p>\n
\ub77c\ubcf4\ubc45\ud06c\ub294 \uc774\ubc88 \ud68c\uc758\uac00 3\uc6d4 CPI(\uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218) \ubc1c\ud45c \uc774\uc804\uc5d0 \uc5f4\ub838\ub2e4\uace0 \uc9c0\uc801\ud588\ub2e4. \ub610 \uba55\uc2dc\ucf54 \uc131\uc7a5 \uc704\ud5d8\uc740 \ud558\ubc29\uc73c\ub85c \uae30\uc6b8\uc5b4 \uc788\uc73c\uba70, \uc778\ud50c\ub808\uc774\uc158\uc740 \u2018\ube44\ud575\uc2ec(non-core) \ubb3c\uac00 \ucda9\uaca9(\uc5d0\ub108\uc9c0\u00b7\uc2dd\ud488 \ub4f1 \ubcc0\ub3d9\uc131\uc774 \ud070 \ud488\ubaa9\uc5d0\uc11c \ubc1c\uc0dd\ud558\ub294 \uc77c\uc2dc\uc801 \uc694\uc778)\u2019\uc5d0 \uc758\ud574 \uc88c\uc6b0\ub418\uace0 \uc788\ub2e4\uace0 \ud3c9\uac00\ud588\ub2e4. <\/p>\n
\ub77c\ubcf4\ubc45\ud06c\ub294 \ub2e4\ub9cc \uc790\uc0ac \uae08\ub9ac \uc804\ub9dd \uacbd\ub85c\uc5d0 \ub300\ud55c \uc704\ud5d8\uc740 \u2018\ucd94\uac00 \uc644\ud654(\ucd94\uac00 \uae08\ub9ac \uc778\ud558) \uc5c6\uc74c\u2019 \ucabd\uc73c\ub85c \uae30\uc6b8\uc5b4 \uc788\ub2e4\uace0 \ubc1d\ud614\ub2e4. <\/p>\n
\ub77c\ubcf4\ubc45\ud06c\ub294 5\uc6d4 7\uc77c Banxico \ud68c\uc758\uc5d0\uc11c 25bp \uae08\ub9ac \uc778\ud558\ub97c \ubc18\uc601\ud574 \uc804\ub9dd\uc744 \uc870\uc815\ud55c\ub2e4\uace0 \ubc1d\ud614\ub2e4. \uadf8\ub7ec\uba74 \uc815\ucc45\uae08\ub9ac\ub294 6.50%\ub85c \ub0b4\ub824\uac00\uba70, \uc5f0\ub9d0\uae4c\uc9c0 \uadf8 \uc218\uc900\uc744 \uc720\uc9c0\ud560 \uac83\uc73c\ub85c \ubd24\ub2e4. \uc911\uc559\uc740\ud589 \uc774\uc0ac\ud68c\ub294 \uacbd\uae30 \ub454\ud654\ub97c \ub4b7\ubc1b\uce68\ud558\uae30 \uc704\ud574 \uc77c\uc2dc\uc801 \ubb3c\uac00 \uae09\ub4f1\uc744 \uc77c\uc815 \ubd80\ubd84 \u2018\ub118\uaca8\ubcfc(\uc77c\uc2dc \uc694\uc778\uc73c\ub85c \ubcf4\uace0 \uc815\ucc45\uc5d0 \uc989\uac01 \ubc18\uc601\ud558\uc9c0 \uc54a\uc744)\u2019 \uc758\uc9c0\uac00 \uc788\ub294 \uac83\uc73c\ub85c \ud574\uc11d\ud588\ub2e4. <\/p>\n
\uae08\ub9ac \uc778\ud558 \ub17c\uac70\ub294 \ucd5c\uadfc \uacbd\uae30 \uc9c0\ud45c\ub85c \ub4b7\ubc1b\uce68\ub41c\ub2e4\uace0 \ud588\ub2e4. \uba55\uc2dc\ucf54\uc758 IGAE(\uc6d4\uac04 \uacbd\uae30\ub3d9\ud5a5\uc9c0\ud45c\u00b7\uc0b0\uc5c5\uc0dd\uc0b0\uacfc \uc11c\ube44\uc2a4 \ub4f1 \uc2e4\ubb3c\ud65c\ub3d9\uc744 \uc6d4\ubcc4\ub85c \ubcf4\uc5ec\uc8fc\ub294 \uc885\ud569\uc9c0\ud45c)\uac00 \uc9c0\ub09c\ub2ec \uc18c\ud3ed \uac10\uc18c\ub97c \ub098\ud0c0\ub0c8\uae30 \ub54c\ubb38\uc774\ub2e4. \uc774\ub294 \uc131\uc7a5 \uc704\ud5d8\uc774 \ud558\ubc29\uc73c\ub85c \uae30\uc6b8\uc5b4 \uc788\ub2e4\ub294 \ud3c9\uac00\uc640 \uc77c\uce58\ud55c\ub2e4. \ucd5c\uadfc \ud68c\uc758\ub85d\uc5d0\uc11c\ub3c4 \ub2e4\uc218 \uc758\uacac\uc774 \uacbd\uae30 \ub454\ud654 \ub300\uc751\uc744 \ub354 \uc911\uc2dc\ud558\ub294 \ucabd\uc774\uc5c8\ub2e4\uace0 \uc124\uba85\ud588\ub2e4. <\/p>\n
\ub2e4\ub9cc \ud5a5\ud6c4 \uacbd\ub85c\ub294 \ubd88\ud655\uc2e4\ud558\ub2e4\uace0 \ub77c\ubcf4\ubc45\ud06c\ub294 \ubd24\ub2e4. 3\uc6d4 CPI \uc778\ud50c\ub808\uc774\uc158\uc740 4.5%\ub85c, \ubaa9\ud45c 3%\ub97c \ud06c\uac8c \uc6c3\ub3cc\uc544 \uc774\uc0ac\ud68c\uc758 \ud310\ub2e8\uc744 \uc5b4\ub835\uac8c \ub9cc\ub4e0\ub2e4\ub294 \uac83\uc774\ub2e4. \ubb3c\uac00\uac00 \uc798 \ub0b4\ub824\uc624\uc9c0 \uc54a\ub294 \u2018\uace0\ucc29(stickiness\u00b7\uac00\uaca9\uc774 \ud55c\ubc88 \uc624\ub974\uba74 \uc798 \ub0b4\ub824\uc624\uc9c0 \uc54a\ub294 \ud604\uc0c1)\u2019\uc740 \uae08\ub9ac \uc778\ud558 \ub300\uc2e0 \ub3d9\uacb0 \uac00\ub2a5\uc131\uc744 \ud0a4\uc6b0\ub294 \uc694\uc778\uc774\ub77c\uace0 \ub367\ubd99\uc600\ub2e4. <\/p>\n
\ub77c\ubcf4\ubc45\ud06c\ub294 2025\ub144 \ub9d0\uc5d0\ub3c4 \ube44\uc2b7\ud55c \uc0c1\ud669\uc774 \uc788\uc5c8\ub2e4\uace0 \uc9c0\uc801\ud588\ub2e4. \uc608\uc0c1 \ubc16 \ubb3c\uac00 \uc0c1\uc2b9 \uc774\ud6c4 Banxico\uac00 \uc644\ud654 \uc0ac\uc774\ud074(\uc5f0\uc18d \uae08\ub9ac \uc778\ud558 \ud750\ub984)\uc744 \uc77c\uc2dc \uc911\ub2e8\ud588\ub358 \uc804\ub840\uac00 \uc788\uc5b4, \uc774\uc0ac\ud68c\ub294 \u2018\ub370\uc774\ud130 \uc758\uc874\uc801(\uc9c0\ud45c \uacb0\uacfc\uc5d0 \ub530\ub77c \uc989\uac01 \uc815\ucc45\uc744 \uc870\uc815\ud558\ub294 \uc131\ud5a5)\u2019\uc774\uba70 \u20182\ucc28 \ud30c\uae09\ud6a8\uacfc(second-round effects\u00b7\uc6d0\uc790\uc7ac\u00b7\ud658\uc728\ubc1c \ubb3c\uac00 \uc0c1\uc2b9\uc774 \uc784\uae08\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9 \ub4f1\uc73c\ub85c \ubc88\uc838 \uc7a5\uae30 \uc778\ud50c\ub808\ub85c \uad73\uc5b4\uc9c0\ub294 \ud604\uc0c1)\u2019\ub97c \uc6b0\ub824\ud558\uba74 \uae08\ub9ac\ub97c \ub0b4\ub9ac\uc9c0 \uc54a\uc744 \uc218 \uc788\ub2e4\ub294 \uc124\uba85\uc774\ub2e4. \ud5a5\ud6c4 \uacb0\uc815\uc740 \ud604\uc7ac \ubb3c\uac00 \uc555\ub825\uc744 \uc77c\uc2dc\uc801\uc774\ub77c\uace0 \ud310\ub2e8\ud558\ub294\uc9c0\uc5d0 \ub2ec\ub824 \uc788\ub2e4\uace0 \ud588\ub2e4. <\/p>\n
\uc774\ub7f0 \ubd88\ud655\uc2e4\uc131\uc744 \uac10\uc548\ud558\uba74 \ud30c\uc0dd\uc0c1\ud488(\uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc5d0 \uc5f0\ub3d9\ub418\ub294 \uae08\uc735\uc0c1\ud488) \ud2b8\ub808\uc774\ub354\ub294 \uae08\ub9ac \uc778\ud558 \uc2dc \ud398\uc18c\ud654 \uc57d\uc138 \uac00\ub2a5\uc131\uc744 \ubc18\uc601\ud55c \ud3ec\uc9c0\uc158\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4\uace0 \ub77c\ubcf4\ubc45\ud06c\ub294 \uc5b8\uae09\ud588\ub2e4. USD\/MXN(\ub2ec\ub7ec\/\uba55\uc2dc\ucf54\ud398\uc18c) \ucf5c\uc635\uc158(\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uae30\ucd08\uc790\uc0b0\uc744 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac) \ub9e4\uc218\ub294 \uc644\ud654 \uacb0\uc815 \uc774\ud6c4 \ud1b5\ud654 \uc57d\uc138\uc5d0\uc11c \uc774\uc775\uc744 \ub178\ub9ac\ub294 \ubc29\ubc95\uc774\ub77c\ub294 \uac83\uc774\ub2e4. \uc774 \uc804\ub7b5\uc740 \uc0c1\uc2b9(\ud658\uc728 \uc0c1\uc2b9, \ud398\uc18c \uc57d\uc138) \uac00\ub2a5\uc131\uc5d0 \ub178\ucd9c\ub418\uba74\uc11c\ub3c4 \ucd5c\ub300 \uc190\uc2e4\uc744 \uc635\uc158 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9)\uc73c\ub85c \uc81c\ud55c\ud55c\ub2e4. <\/p>\n
\uc57d\ud55c \uc131\uc7a5\uacfc \ub192\uc740 \uc778\ud50c\ub808\uc774\uc158\uc774\ub77c\ub294 \uc0c1\ucda9 \uc2e0\ud638\ub294 \ud658\uc728 \ubcc0\ub3d9\uc131(\uac00\uaca9\uc774 \ud06c\uac8c \ud754\ub4e4\ub9ac\ub294 \uc815\ub3c4) \ud655\ub300 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud55c\ub2e4\uace0 \ud588\ub2e4. \uc5b4\ub290 \ubc29\ud5a5\uc774\ub4e0 \ud070 \ud3ed\uc758 \uc6c0\uc9c1\uc784\uc5d0\uc11c \uc774\uc775\uc744 \ub178\ub9ac\ub294 \uc635\uc158 \uc804\ub7b5\uc778 \u2018\ub871 \uc2a4\ud2b8\ub798\ub4e4(long straddle\u00b7\uac19\uc740 \ub9cc\uae30\uc640 \ud589\uc0ac\uac00\uc758 \ucf5c\u00b7\ud48b\uc635\uc158\uc744 \ub3d9\uc2dc\uc5d0 \ub9e4\uc218\ud558\ub294 \uc804\ub7b5)\u2019\uc774 \uc720\ud6a8\ud560 \uc218 \uc788\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4. \ud575\uc2ec\uc740 5\uc6d4 7\uc77c \ubc1c\ud45c \uc774\ud6c4 \uc2dc\uc7a5\uc774 \uc5b4\ub290 \ucabd\uc774\ub4e0 \uac15\ud558\uac8c \ubc18\uc751\ud560 \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud558\ub294 \uac83\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u201cBanxico 5\uc6d4 7\uc77c \uc120\uc81c \uc778\ud558?\u201d \ub77c\ubcf4\ubc45\ud06c\ub294 \uba55\uc2dc\ucf54 \uae30\uc900\uae08\ub9ac 25bp \ucd94\uac00 \uc778\ud558\ub85c \uc5f0\ub9d0 6.50% \uc804\ub9dd. \uc131\uc7a5 \ub454\ud654 vs \ubb3c\uac00 \uace0\ucc29 \uc18d \ud398\uc18c \ubcc0\ub3d9\uc131 \ud655\ub300, \uc635\uc158 \ub300\uc751 \uc81c\uc2dc.<\/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-44625","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\/44625","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=44625"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/44625\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=44625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=44625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=44625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}