{"id":45268,"date":"2026-04-22T17:50:54","date_gmt":"2026-04-22T17:50:54","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%85%b8%eb%ac%b4%eb%9d%bc-%ec%97%90%eb%84%88%ec%a7%80-%eb%b9%84%ec%9a%a9-%ec%83%81%ec%8a%b9%ec%9d%b4-%ec%9c%a0%eb%a1%9c%ec%a1%b4-%ec%84%b1%ec%9e%a5-%ec%95%95%eb%b0%95%ea%b3%a0%ec%9a%a9\/"},"modified":"2026-04-22T17:50:54","modified_gmt":"2026-04-22T17:50:54","slug":"%eb%85%b8%eb%ac%b4%eb%9d%bc-%ec%97%90%eb%84%88%ec%a7%80-%eb%b9%84%ec%9a%a9-%ec%83%81%ec%8a%b9%ec%9d%b4-%ec%9c%a0%eb%a1%9c%ec%a1%b4-%ec%84%b1%ec%9e%a5-%ec%95%95%eb%b0%95%ea%b3%a0%ec%9a%a9","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%85%b8%eb%ac%b4%eb%9d%bc-%ec%97%90%eb%84%88%ec%a7%80-%eb%b9%84%ec%9a%a9-%ec%83%81%ec%8a%b9%ec%9d%b4-%ec%9c%a0%eb%a1%9c%ec%a1%b4-%ec%84%b1%ec%9e%a5-%ec%95%95%eb%b0%95%ea%b3%a0%ec%9a%a9\/","title":{"rendered":"\ub178\ubb34\ub77c, \uc5d0\ub108\uc9c0 \ube44\uc6a9 \uc0c1\uc2b9\uc774 \uc720\ub85c\uc874 \uc131\uc7a5 \uc555\ubc15\u2026\uace0\uc6a9 \ub454\ud654\u00b7\uc784\uae08 \uc0c1\uc2b9\uc138 \uc57d\ud654\ub85c \uc778\ud50c\ub808\uc774\uc158 \uc644\ud654 \uc804\ub9dd"},"content":{"rendered":"

\ub178\ubb34\ub77c \uc774\ucf54\ub178\ubbf8\uc2a4\ud2b8\ub4e4\uc740 \ucd5c\uadfc \uc5d0\ub108\uc9c0 \uac00\uaca9 \uc0c1\uc2b9\uc774 \uc720\ub85c\uc874 \ubb3c\uac00\uc5d0 \uc7a5\uae30\uc801\uc778 \ucda9\uaca9(\uc9c0\uc18d\uc801\uc778 \uc778\ud50c\ub808\uc774\uc158 \ucda9\uaca9)\uc774\ub77c\uae30\ubcf4\ub2e4 \uc131\uc7a5\uc5d0 \ub354 \ud070 \ubd80\ub2f4\uc73c\ub85c \uc791\uc6a9\ud560 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4\uace0 \ubcf8\ub2e4. \uc774\ub4e4\uc740 \ubd81\uc720\ub7fd \ub178\ub3d9\uc2dc\uc7a5 \uc57d\ud654, \uc7ac\uc815 \uc5ec\ub825(\uc815\ubd80\uac00 \uc9c0\ucd9c\uc744 \ub298\ub9b4 \uc218 \uc788\ub294 \uacf5\uac04) \uc81c\ud55c, \uc720\ud734 \uc0dd\uc0b0\ub2a5\ub825(\uacf5\uc7a5\u00b7\uc778\ub825\uc758 \ub0a8\ub294 \uc0dd\uc0b0 \uc5ec\ub825) \ud655\ub300, \uc784\uae08 \uc0c1\uc2b9\ub960 \ub454\ud654\ub97c \uadfc\uac70\ub85c \uc81c\uc2dc\ud588\ub2e4.<\/p>\n

\uc5d0\ub108\uc9c0 \uac00\uaca9\uc740 \u201c\ub192\uc740 \uc218\uc900\u201d\uc774\uc9c0\ub9cc 2022\ub144\ubcf4\ub2e4\ub294 \ub0ae\ub2e4\uace0 \ud3c9\uac00\ub41c\ub2e4. 2022\ub144\uc5d0\ub294 \uc720\uac00\uac00 2\uc6d4 \ub9d0\ubd80\ud130 7\uc6d4 \ub9d0\uae4c\uc9c0 \ubc30\ub7f4\ub2f9 100\ub2ec\ub7ec\ub97c \uc6c3\ub3cc\uc558\uace0, \uc720\ub7fd \ucc9c\uc5f0\uac00\uc2a4 \uac00\uaca9\uc740 \uba54\uac00\uc640\ud2b8\uc2dc(MWh)\ub2f9 \uc57d 340\uc720\ub85c\uae4c\uc9c0 \uce58\uc19f\uc558\ub2e4. \ucd5c\uadfc \uace0\uc810\uc740 60\uc720\ub85c\ub97c \uc870\uae08 \ub118\ub294 \uc218\uc900\uc774\ub2e4.<\/p>\n

Spare Capacity And Output Gap<\/h3>\n

IMF(\uad6d\uc81c\ud1b5\ud654\uae30\uae08)\uc758 \ucd5c\uc2e0 \ubc18\uae30 \uc804\ub9dd\uc5d0 \ub530\ub974\uba74 \uc720\ub85c\uc874\uc758 2026\ub144 \uc0b0\ucd9c\uac2d(output gap\u00b7\uc2e4\uc81c \uc0dd\uc0b0\uc774 \uc7a0\uc7ac \uc0dd\uc0b0\uc744 \uc5bc\ub9c8\ub098 \ubc11\ub3c4\ub294\uc9c0\/\uc6c3\ub3c4\ub294\uc9c0 \ub098\ud0c0\ub0b4\ub294 \uc9c0\ud45c)\uc740 \uc7a0\uc7ac GDP \ub300\ube44 \uc57d -0.2%\ub85c \ucd94\uc815\ub41c\ub2e4. 2022\ub144\uc740 +0.8%\uc600\ub2e4. \uc774\ub294 \uacfc\uac70 \uc5d0\ub108\uc9c0 \ucda9\uaca9 \ub2f9\uc2dc\ubcf4\ub2e4 \ud604\uc7ac \uc720\ud734 \uc0dd\uc0b0\ub2a5\ub825\uc774 \ub354 \ud06c\ub2e4\ub294 \ub73b\uc774\ub2e4.<\/p>\n

\uae34\ucd95\uc801 \ud1b5\ud654\uc815\ucc45(\uae30\uc900\uae08\ub9ac \uc778\uc0c1 \ub4f1\uc73c\ub85c \ub3c8\uc758 \ud750\ub984\uc744 \uc904\uc774\ub294 \uc815\ucc45)\uc740 \uc720\ub7fd \uc804\ubc18\uc758 \ubb3c\uac00 \uc0c1\uc2b9\ub960 \ub454\ud654(\ub514\uc2a4\uc778\ud50c\ub808\uc774\uc158\u00b7\ubb3c\uac00\uac00 \uc624\ub974\ub418 \uc0c1\uc2b9 \uc18d\ub3c4\uac00 \ub290\ub824\uc9c0\ub294 \ud604\uc0c1)\uc640 \uc5f0\uacb0\ub3fc \uc788\ub2e4. \uc774 \ud750\ub984\uc740 \ubbf8\u00b7\uc774\ub780 \uc804\uc7c1 \uc774\uc804\ubd80\ud130 \uc2dc\uc791\ub410\ub2e4. \uc11c\ube44\uc2a4 \ubb3c\uac00\ub294 \uc5ec\uc804\ud788 \ub048\uc801\uc784(\ubb3c\uac00\uac00 \uc798 \ub0b4\ub824\uc624\uc9c0 \uc54a\ub294 \uc131\ud5a5)\uc774 \uc77c\ubd80 \ub0a8\uc544 \uc788\ub294 \uac83\uc73c\ub85c \uc9c0\uc801\ub418\uba70, \ub2e8\uae30 \uac00\uaca9 \uc555\ub825\uacfc \uae30\ub300 \uc778\ud50c\ub808\uc774\uc158(\ud5a5\ud6c4 \ubb3c\uac00\uc5d0 \ub300\ud55c \uc2dc\uc7a5\u00b7\uac00\uacc4\uc758 \uc608\uc0c1)\uc740 \uacc4\uc18d \uad00\ucc30 \ub300\uc0c1\uc774\ub2e4.<\/p>\n

\ucd5c\uadfc \uc5d0\ub108\uc9c0 \uac00\uaca9 \ucda9\uaca9\uc774 \uc778\ud50c\ub808\uc774\uc158\ubcf4\ub2e4 \uc131\uc7a5\uc5d0 \ub354 \uc704\ud611\uc801\uc774\ub77c\ub294 \ud574\uc11d\uc740 \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc774 \ube44\ub458\uae30\ud30c\uc801(\uc644\ud654 \uc120\ud638) \uae30\uc870\ub85c \uae30\uc6b8 \uc218 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \uc2e4\uc81c\ub85c 2026\ub144 4\uc6d4 HCOB \uc720\ub85c\uc874 \uc885\ud569 PMI(\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218\u00b7\uae30\uc5c5\uc758 \uc2e0\uaddc\uc8fc\ubb38\/\uc0dd\uc0b0\/\uace0\uc6a9 \ub4f1\uc744 \uc124\ubb38\ud574 \uacbd\uae30 \ud750\ub984\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c) \uc18d\ubcf4\uce58\ub294 \uc608\uc0c1 \ubc16\uc73c\ub85c 48.5\ub85c \ub5a8\uc5b4\uc838 \uacbd\uae30 \uc704\ucd95(50 \ubbf8\ub9cc\uc740 \uc704\ucd95)\uc744 \ub098\ud0c0\ub0c8\ub2e4. \uc774\uc5d0 \ub530\ub77c \ud5a5\ud6c4 \uba87 \ub2ec \uae08\ub9ac \uc778\ud558 \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud574 \ud30c\uc0dd\uc0c1\ud488(\uac00\uaca9\uc774 \uae08\ub9ac\u00b7\ud658\uc728 \ub4f1 \uae30\ucd08\uc790\uc0b0\uc5d0 \uc5f0\ub3d9\ub418\ub294 \uae08\uc735\uc0c1\ud488)\uc778 \uc720\ub9ac\ubcf4 \uc120\ubb3c(Euribor futures\u00b7\uc720\ub85c\uc874 \ub2e8\uae30\uae08\ub9ac \uc9c0\ud45c\uc5d0 \uc5f0\ub3d9\ub41c \uc120\ubb3c) \ub4f1\uc744 \ud1b5\ud55c \uc800\uae08\ub9ac \ubc29\ud5a5\uc758 \ud3ec\uc9c0\uc154\ub2dd(\ud22c\uc790 \ud3ec\uc9c0\uc158 \uad6c\ucd95)\uc774 \uac70\ub860\ub41c\ub2e4.<\/p>\n

\uc720\ub85c\uc2a4\ud0c0\ud2b8(Eurostat) \uc18d\ubcf4\uce58\uc5d0\uc11c\ub294 \ud5e4\ub4dc\ub77c\uc778 \ubb3c\uac00(\uc804\uccb4 \ubb3c\uac00)\uac00 2.8%\ub85c \uc18c\ud3ed \uc0c1\uc2b9\ud588\uc9c0\ub9cc, \uc774\ub294 \uc5d0\ub108\uc9c0 \ud56d\ubaa9 \uc601\ud5a5\uc73c\ub85c \ubcf4\uc778\ub2e4. ECB \ubc29\ud5a5\uc131\uc5d0 \ub354 \uc911\uc694\ud55c \uadfc\uc6d0\ubb3c\uac00(core inflation\u00b7\uc5d0\ub108\uc9c0\u00b7\uc2dd\ud488\ucc98\ub7fc \ubcc0\ub3d9\uc131\uc774 \ud070 \ud488\ubaa9\uc744 \ube80 \ubb3c\uac00)\ub294 2\ub144 \ub9cc\uc758 \ucd5c\uc800\uce58\uc778 2.5%\ub85c \ub0b4\ub824\uac00, \uc11c\ube44\uc2a4 \ubb3c\uac00\uc758 \uc77c\ubd80 \uacbd\uc9c1\uc131\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uae30\uc870\uc801 \ubb3c\uac00 \uc555\ub825\uc774 \uc57d\ud558\ub2e4\ub294 \ud574\uc11d\uc744 \ub4b7\ubc1b\uce68\ud55c\ub2e4. 2023~2024\ub144\uc5d0 \ub2e8\ud589\ub41c \uac15\ud55c \uc815\ucc45 \uae34\ucd95\uc740 \uc720\ub85c\uc874 \uc804\uc5ed\uc5d0\uc11c \uc218\uc694 \uce21 \ubb3c\uac00 \uc555\ub825(\uc218\uc694\uac00 \uac15\ud574 \uac00\uaca9\uc744 \ub04c\uc5b4\uc62c\ub9ac\ub294 \ud798)\uc744 \ud655\uc5f0\ud788 \uaebe\uc5c8\ub2e4.<\/p>\n

Equities Rates And Fx Positioning<\/h3>\n

\uc131\uc7a5 \ub454\ud654 \uc804\ub9dd\uc740 \uc720\ub7fd \uc8fc\uac00\uc9c0\uc218\uc5d0 \ubd80\ub2f4\uc774 \ub420 \uc218 \uc788\ub2e4. \ud5a5\ud6c4 \uba87 \uc8fc \ud558\ub77d \uc704\ud5d8\uc5d0 \ub300\ube44\ud55c \ud5e4\uc9c0(\uc704\ud5d8 \ud68c\ud53c) \ub610\ub294 \ud558\ub77d \ubca0\ud305\uc73c\ub85c \uc720\ub85c\uc2a4\ud1a1\uc2a450(Euro Stoxx 50) \ud48b\uc635\uc158(\ud558\ub77d \uc2dc \uc774\uc775\uc774 \ub098\ub294 \uc635\uc158) \ub9e4\uc218\ub97c \uace0\ub824\ud560 \ub9cc\ud558\ub2e4. \uc720\ub7fd \uc9c0\uc218\uc758 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \uc2dc\uc7a5\uc758 \ubcc0\ub3d9\uc131 \uae30\ub300)\uc774 \uc2dc\uc7a5\uc774 \ubb3c\uac00\uc5d0 \uacfc\ub3c4\ud558\uac8c \uc9d1\uc911\ud560 \uacbd\uc6b0 \uc0c1\ub300\uc801\uc73c\ub85c \uc800\ub834\ud560 \uc218 \uc788\uc5b4, \uc131\uc7a5 \uc1fc\ud06c \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud55c \uc9c4\uc785 \uae30\ud68c\uac00 \ub420 \uc218 \uc788\ub2e4.<\/p>\n

\uc644\ud654\uc801\uc73c\ub85c \uae30\uc6b8 \uc218 \uc788\ub294 ECB\uc640 \ub2ec\ub9ac, \ubbf8\uad6d \uacbd\uc81c\uac00 \ub354 \uacac\uc870\ud574 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed)\uac00 \uae08\ub9ac\ub97c \ub3d9\uacb0\ud558\ub294 \uc0c1\ud669\uc740 \uc815\ucc45 \uad34\ub9ac(\ud1b5\ud654\uc815\ucc45 \ubc29\ud5a5 \ucc28\uc774)\ub97c \ub9cc\ub4e0\ub2e4. \uc774\ub294 \uc720\ub85c\ud654\uc758 \uc57d\uc138 \uc804\ub9dd, \uc989 \ub2ec\ub7ec \ub300\ube44 \uc720\ub85c \ud558\ub77d\uc5d0 \ubca0\ud305\ud558\ub294 \ub17c\ub9ac\ub97c \uac15\ud654\ud55c\ub2e4. \uc774\ub7ec\ud55c \uad00\uc810\uc740 EUR\/USD \uc120\ubb3c \ub9e4\ub3c4 \ub610\ub294 \ud658\uc728 \ud558\ub77d \uc2dc \uc218\uc775\uc774 \ub098\ub294 \uc635\uc158 \ub9e4\uc218\ub85c \uad6c\ud604\ud560 \uc218 \uc788\ub2e4.<\/p>\n

VT Markets \uc2e4\uacc4\uc88c \uac1c\uc124<\/a>\u00a0\ud6c4\u00a0\uac70\ub798 \uc2dc\uc791<\/a>\u00a0\uac00\ub2a5. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

\uc5d0\ub108\uc9c0 \uac00\uaca9 \ubc18\ub4f1, \uc720\ub85c\uc874 \ubb3c\uac00\ubcf4\ub2e4 \uc131\uc7a5\uc5d0 \u2018\uc9c1\uaca9\ud0c4\u2019 \uc6b0\ub824. \ub178\ubb34\ub77c\ub294 \uc720\ud734 \uc0dd\uc0b0\ub2a5\ub825 \ud655\ub300\u00b7\uc784\uae08 \ub454\ud654 \uadfc\uac70\ub85c ECB \ube44\ub458\uae30 \uc804\ud658 \uc2dc\uc0ac, \uc720\ub85c \uc57d\uc138\u00b7\uc9c0\uc218 \ud558\ubc29 \ud5e4\uc9c0 \uc804\ub7b5 \ubd80\uc0c1.<\/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-45268","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\/45268","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=45268"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45268\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}