{"id":45085,"date":"2026-04-20T22:52:59","date_gmt":"2026-04-20T22:52:59","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%86%8c%ec%8b%9c%ec%97%90%ed%85%8c%ec%a0%9c%eb%84%a4%eb%9e%84-%eb%b8%8c%eb%9d%bc%ec%a7%88-%ec%a4%91%ec%95%99%ec%9d%80%ed%96%89bcb-3%ec%9b%94-%ea%b8%b0%ec%a4%80%ea%b8%88%eb%a6%ac\/"},"modified":"2026-04-20T22:52:59","modified_gmt":"2026-04-20T22:52:59","slug":"%ec%86%8c%ec%8b%9c%ec%97%90%ed%85%8c%ec%a0%9c%eb%84%a4%eb%9e%84-%eb%b8%8c%eb%9d%bc%ec%a7%88-%ec%a4%91%ec%95%99%ec%9d%80%ed%96%89bcb-3%ec%9b%94-%ea%b8%b0%ec%a4%80%ea%b8%88%eb%a6%ac","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%86%8c%ec%8b%9c%ec%97%90%ed%85%8c%ec%a0%9c%eb%84%a4%eb%9e%84-%eb%b8%8c%eb%9d%bc%ec%a7%88-%ec%a4%91%ec%95%99%ec%9d%80%ed%96%89bcb-3%ec%9b%94-%ea%b8%b0%ec%a4%80%ea%b8%88%eb%a6%ac\/","title":{"rendered":"\uc18c\uc2dc\uc5d0\ud14c\uc81c\ub124\ub784 \u201c\ube0c\ub77c\uc9c8 \uc911\uc559\uc740\ud589(BCB), 3\uc6d4 \uae30\uc900\uae08\ub9ac(\uc140\ub9ad) 25bp \uc778\ud558\ub97c \u2018\uc18d\ub3c4 \uc870\uc808\u2019\ub85c \uc778\uc2dd\u2026\ud5e4\uc54c\ud654 \uc9c0\uc9c0 \uc81c\ud55c\u201d"},"content":{"rendered":"

\ube0c\ub77c\uc9c8 \uc911\uc559\uc740\ud589(BCB) \uad00\uacc4\uc790\ub4e4\uc740 3\uc6d4 \uc140\ub9ad(Selic\u00b7\ube0c\ub77c\uc9c8 \uae30\uc900\uae08\ub9ac) 25bp(bp\u00b70.01%\ud3ec\uc778\ud2b8) \uc778\ud558\ub97c \ud1b5\ud654\uc644\ud654 \uc0ac\uc774\ud074\uc758 \uc2dc\uc791\uc774 \uc544\ub2c8\ub77c \u2018\uc870\uc815(calibration) \uacfc\uc815\u2019\uc758 \ucd9c\ubc1c\ub85c \uc124\uba85\ud588\ub2e4. \uc774\ub4e4\uc740 \ubb3c\uac00\uc0c1\uc2b9\ub960 3% \ubaa9\ud45c \ub2ec\uc131\uc5d0 \ucd08\uc810\uc744 \ub9de\ucd94\uace0 \uc788\uc74c\uc744 \uc7ac\ud655\uc778\ud588\ub2e4.<\/p>\n

BCB \ud1b5\ud654\uc815\ucc45 \ub2f4\ub2f9 \uc774\uc0ac \ub2d0\ud1a4 \ub2e4\ube44\ub4dc\ub294 \uc778\ud50c\ub808\uc774\uc158(\ubb3c\uac00\uc0c1\uc2b9)\uc744 \ub0ae\ucd94\uae30 \uc704\ud574 \ud5e4\uc54c\ud654\uc758 \uc2e4\uc9c8 \uc808\uc0c1(\ubb3c\uac00 \ub4f1\uc744 \uace0\ub824\ud55c \ud658\uc728 \uae30\uc900\uc73c\ub85c \uac00\uce58\uac00 \uc624\ub974\ub294 \uac83)\uc5d0 \uc758\uc874\ud558\uc9c0 \uc54a\ub294\ub2e4\uace0 \ub9d0\ud588\ub2e4. \uc774\ub294 \ucd5c\uadfc \ub2ec\ub7ec\/\ud5e4\uc54c(USD\/BRL\u00b7\ub2ec\ub7ec \ub300\ube44 \ube0c\ub77c\uc9c8 \ud5e4\uc54c \ud658\uc728)\uc774 5.00 \uc544\ub798\ub85c \ub0b4\ub824\uac04 \uc6c0\uc9c1\uc784\uc758 \uc758\ubbf8\ub97c \ucd95\uc18c\ud55c \ubc1c\uc5b8\uc73c\ub85c \ud574\uc11d\ub41c\ub2e4.<\/p>\n

\uc870\uc815 \uacfc\uc815\uacfc \ubb3c\uac00 \ubaa9\ud45c<\/h3>\n

BCB \uad00\uacc4\uc790 \ud30c\uc6b8\ub8e8 \ud53c\ucf00\ud2f0\ub294 \ud5a5\ud6c4 \uc870\uc815 \ud3ed(\ucd94\uac00 \uae08\ub9ac \uc778\ud558\uc758 \uaddc\ubaa8)\uc774 \uc5f4\ub824 \uc788\ub2e4\uace0 \ub9d0\ud588\ub2e4. \uadf8\ub294 4\uc6d4 29\uc77c \ucf65\uc634(COPOM\u00b7\uc911\uc559\uc740\ud589 \ud1b5\ud654\uc815\ucc45\uc704\uc6d0\ud68c) \ud68c\uc758 \uc804\uae4c\uc9c0 \ubc1c\ud45c\ub418\ub294 \uacbd\uc81c\uc9c0\ud45c\uc5d0 \ub530\ub77c \uc2dc\uc7a5\uc758 \uae30\ub300\uac00 \ubc14\ub014 \uc218 \uc788\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4.<\/p>\n

\uc774 \uae30\uc0ac\ub294 \uc778\uacf5\uc9c0\ub2a5(AI\u00b7\uc0ac\ub78c\ucc98\ub7fc \ubb38\uc7a5\uc744 \ub9cc\ub4e4\uace0 \uc694\uc57d\ud558\ub294 \ucef4\ud4e8\ud130 \ud504\ub85c\uadf8\ub7a8) \ub3c4\uad6c\ub97c \ud65c\uc6a9\ud574 \uc791\uc131\ub410\uc73c\uba70, \ud3b8\uc9d1\uc790\uac00 \uac80\ud1a0\ud588\ub2e4\uace0 \ubc1d\ud614\ub2e4.<\/p>\n

\ud5e4\uc54c \ubcc0\ub3d9\uc131\uacfc \uce90\ub9ac \ud2b8\ub808\uc774\ub4dc\uc5d0 \ub300\ud55c \uc2dc\uc0ac\uc810<\/h3>\n

\uc9c0\ub09c\ud574 \uad00\uacc4\uc790\ub4e4\uc774 \u201c\uac15\ud55c \ud5e4\uc54c\ud654\uac00 \ubb3c\uac00\ub97c \ub0ae\ucd94\ub294 \ub3c4\uad6c\uac00 \uc544\ub2c8\ub2e4\u201d\ub77c\uace0 \uc5b8\uae09\ud55c \uc810\ub3c4 \ub2e4\uc2dc \uc8fc\ubaa9\ub41c\ub2e4. \ub2ec\ub7ec\/\ud5e4\uc54c \ud658\uc728\uc740 \ud604\uc7ac \uc57d 5.15 \uc218\uc900\uc5d0\uc11c \uac70\ub798\ub418\uace0 \uc788\uc5b4, 5.00 \uc544\ub798 \uad6c\uac04\uc774 \uc9c0\uc18d\uc801\uc778 \u2018\ubc14\ub2e5\u2019\uc774 \uc544\ub2c8\uc5c8\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4. \uc774\ub294 BCB\uac00 \ud2b9\uc815 \ud658\uc728 \uc218\uc900\uc744 \ubc29\uc5b4\ud558\uae30\ubcf4\ub2e4 \ubb3c\uac00 \ubaa9\ud45c(\uc778\ud50c\ub808\uc774\uc158 \uc5b5\uc81c)\ub97c \uc6b0\uc120\ud55c\ub2e4\ub294 \uad00\uc810\uc744 \uac15\ud654\ud55c\ub2e4.<\/p>\n

\uc774\ub7f0 \ud658\uacbd\uc5d0\uc11c\ub294 \ud5e4\uc54c\ud654\uc758 \ubcc0\ub3d9\uc131\uc774 \uc774\uc5b4\uc9c8 \uc218 \uc788\ub2e4. BCB\uac00 \uc9c0\ud45c\uc5d0 \ub530\ub77c \ub300\uc751\ud558\ub294 \ubc29\uc2dd\uc778 \ub9cc\ud07c, USD\/BRL \uc635\uc158(\ubbf8\ub798 \ud658\uc728 \ubcc0\ub3d9\uc5d0 \ub300\ube44\ud574 \uc0ac\uace0\ud30c\ub294 \uad8c\ub9ac)\uc758 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \uc608\uc0c1 \ubcc0\ub3d9 \ud3ed)\uc740 \ubb3c\uac00 \uc9c0\ud45c \ubc1c\ud45c\uc640 COPOM \ud68c\uc758 \uc804\ud6c4\ub85c \ub192\uac8c \uc720\uc9c0\ub420 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4. \uba85\ud655\ud55c \ubc29\ud5a5\uc131\ubcf4\ub2e4 \uac00\uaca9 \ubcc0\ub3d9(\uc2a4\uc719)\uc5d0 \ub300\ube44\ud558\ub294 \uc804\ub7b5\uc774 \ub354 \uc801\uc808\ud560 \uc218 \uc788\ub2e4.<\/p>\n

\ube0c\ub77c\uc9c8 \ud5e4\uc54c \uce90\ub9ac \ud2b8\ub808\uc774\ub4dc(carry trade\u00b7\uae08\ub9ac\uac00 \ub192\uc740 \ud1b5\ud654\uc5d0 \ud22c\uc790\ud574 \uae08\ub9ac \ucc28\uc774\ub97c \ub178\ub9ac\ub294 \uac70\ub798)\uc5d0 \ucc38\uc5ec\ud558\ub294 \ud22c\uc790\uc790\uc5d0\uac8c\ub294 \ub9ac\uc2a4\ud06c \uad00\ub9ac\uac00 \uc911\uc694\ud558\ub2e4. \uae08\ub9ac \uc218\uc775\uc740 \ub9e4\ub825\uc801\uc774\uc9c0\ub9cc, \ud5e4\uc54c\ud654 \uc57d\uc138\uac00 \ubc1c\uc0dd\ud558\uba74 \uc218\uc775\uc774 \uc0c1\uc1c4\ub420 \uc218 \uc788\ub2e4. \ub2ec\ub7ec\/\ud5e4\uc54c \ucf5c\uc635\uc158(call option\u00b7\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \ub2ec\ub7ec\ub97c \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac)\uc744 \ub9e4\uc218\ud574 \ud5e4\uc54c\ud654 \ub9e4\uc218 \ud3ec\uc9c0\uc158(\ud5e4\uc54c\ud654\ub97c \ub4e4\uace0 \uc788\ub294 \uc0c1\ud0dc)\uc744 \uc77c\ubd80 \ud5e4\uc9c0(hedge\u00b7\uc190\uc2e4\uc744 \uc904\uc774\uae30 \uc704\ud55c \ubc29\uc5b4)\ud558\ub294 \ubc29\uc2dd\uc740, \uad6d\ub0b4 \uc9c0\ud45c\ub098 \uae00\ub85c\ubc8c \uc704\ud5d8\ud68c\ud53c \uc2ec\ub9ac\ub85c \uc778\ud55c \uae09\uaca9\ud55c \ud1b5\ud654\uac00\uce58 \ud558\ub77d\uc5d0 \ub300\ube44\ud558\ub294 \ubc29\ubc95\uc774 \ub420 \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201c\uc644\ud654 \uc2dc\uc791 \uc544\ub2c8\ub2e4\u201d \ube0c\ub77c\uc9c8 BCB, \uc140\ub9ad 25bp \uc778\ud558\ub97c \u2018\uc870\uc815\u2019\uc73c\ub85c \uaddc\uc815\ud558\uba70 3% \ubb3c\uac00\ubaa9\ud45c \uc7ac\ud655\uc778. \ud5e4\uc54c \uac15\uc138 \uc758\uc874 \ubc30\uc81c, \uc9c0\ud45c\u00b7COPOM \ub530\ub77c \ucd94\uac00 \uc778\ud558 \uc5ec\uc9c0.<\/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-45085","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\/45085","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=45085"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45085\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}