{"id":45271,"date":"2026-04-22T18:23:12","date_gmt":"2026-04-22T18:23:12","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%bd%94%eb%a9%94%eb%a5%b4%ec%b8%a0%eb%b0%a9%ed%81%ac%ec%9d%98-%ec%8a%a4%ed%83%80%eb%a8%b8-%ec%9d%b4%eb%9e%80-%ec%a0%84%ec%9f%81%ec%9d%b4-%ec%a0%9c%ed%95%9c%ec%a0%81%ec%9c%bc%eb%a1%9c\/"},"modified":"2026-04-22T18:23:12","modified_gmt":"2026-04-22T18:23:12","slug":"%ec%bd%94%eb%a9%94%eb%a5%b4%ec%b8%a0%eb%b0%a9%ed%81%ac%ec%9d%98-%ec%8a%a4%ed%83%80%eb%a8%b8-%ec%9d%b4%eb%9e%80-%ec%a0%84%ec%9f%81%ec%9d%b4-%ec%a0%9c%ed%95%9c%ec%a0%81%ec%9c%bc%eb%a1%9c","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%bd%94%eb%a9%94%eb%a5%b4%ec%b8%a0%eb%b0%a9%ed%81%ac%ec%9d%98-%ec%8a%a4%ed%83%80%eb%a8%b8-%ec%9d%b4%eb%9e%80-%ec%a0%84%ec%9f%81%ec%9d%b4-%ec%a0%9c%ed%95%9c%ec%a0%81%ec%9c%bc%eb%a1%9c\/","title":{"rendered":"\ucf54\uba54\ub974\uce20\ubc29\ud06c\uc758 \uc2a4\ud0c0\uba38 \u201c\uc774\ub780 \uc804\uc7c1\uc774 \uc81c\ud55c\uc801\uc73c\ub85c \uc804\uac1c\ub420 \uacbd\uc6b0 \uc720\ub85c\uc874 \uc778\ud50c\ub808\uc774\uc158 \uc804\ub9dd, ECB \uc9c1\uc6d0 \uc804\ub9dd\uce58\uc640 \ub300\uccb4\ub85c \ubd80\ud569\u201d"},"content":{"rendered":"

Commerzbank\ub294 \uc720\ub85c\uc874(\uc720\ub85c\ud654 \uc0ac\uc6a9 \uc9c0\uc5ed) \uc778\ud50c\ub808\uc774\uc158(\ubb3c\uac00 \uc0c1\uc2b9\ub960) \uc804\ub9dd\uc744 \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB) \ub0b4\ubd80 \uc9c1\uc6d0 \uc804\ub9dd\uce58\uc640 \ube44\uad50\ud588\ub2e4. \uadf8 \uacb0\uacfc, \u2018\uaddc\ubaa8\uac00 \ud06c\uc9c0 \uc54a\uc740 \uc774\ub780 \uc804\uc7c1\u2019 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c\ub294 \ub450 \uc804\ub9dd\uc774 \ub300\uccb4\ub85c \ube44\uc2b7\ud558\ub2e4\uace0 \ubd24\ub2e4.<\/p>\n

Commerzbank\ub294 \ubb3c\uac00\uac00 \ud06c\uac8c \ub2e4\uc2dc \uc624\ub974\ub824\uba74 \uc911\ub3d9 \uc9c0\uc5ed \uae34\uc7a5\uc774 \uc7ac\ud655\ub300\ub418\ub294 \uc0c1\ud669\uc774 \ud544\uc694\ud558\ub2e4\uace0 \uc9c0\uc801\ud588\ub2e4. \ub610\ud55c ECB\uc758 \u2018\ubd88\ub9ac\ud55c(\ub9ac\uc2a4\ud06c\uac00 \ud070) \uc2dc\ub098\ub9ac\uc624\u2019\ub294 \uc6d0\uc720\uc640 \uac00\uc2a4 \uac00\uaca9\uc774 \ud06c\uac8c \uc624\ub974\ub294 \uacbd\uc6b0\ub97c \uac00\uc815\ud558\uace0 \uc788\ub2e4\uace0 \uc124\uba85\ud588\ub2e4.<\/p>\n

Energy Prices And Inflation Outlook<\/h3>\n

Commerzbank\ub294 \uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \uc0c1\uc2b9\ud588\ub2e4\uace0 \ubc1d\ud614\ub2e4. \ub2e4\ub9cc \uc774\uac83\ub9cc\uc73c\ub85c\ub294 \ubb3c\uac00\uac00 \ud604\uc7ac \uc804\ub9dd\uce58\ubcf4\ub2e4 \ud06c\uac8c \ub192\uc544\uc9c8 \uac00\ub2a5\uc131\uc740 \ud06c\uc9c0 \uc54a\ub2e4\uace0 \ubd24\ub2e4.<\/p>\n

\ub610\ud55c ECB\uc758 \ucd94\uac00 \uae08\ub9ac \uc778\uc0c1 \uac00\ub2a5\uc131\uc774 \ud06c\uac8c \ub0ae\uc544\uc84c\ub2e4\uace0 \ubd84\uc11d\ud588\ub2e4. \ub0b4\ub144 \uc804\ub9dd\uc5d0\uc11c \uc5d0\ub108\uc9c0 \uac00\uaca9 \uc0c1\uc2b9\uc774 \ub2e4\ub978 \ud488\ubaa9\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9\uc5d0 \ubbf8\uce58\ub294 \uac04\uc811 \uc601\ud5a5(\uc5d0\ub108\uc9c0 \ube44\uc6a9\uc774 \uc6b4\uc1a1\ube44\u00b7\uc0dd\uc0b0\ube44\ub97c \uc62c\ub824 \uc804\ubc18 \ubb3c\uac00\ub85c \ubc88\uc9c0\ub294 \ud6a8\uacfc)\uc744 ECB\uac00 \ub2e4\uc18c \uc791\uac8c \ubcf4\uace0 \uc788\uc744 \uc218\ub294 \uc788\uc9c0\ub9cc, \uadf8\uac8c \uae08\ub9ac \uc778\uc0c1\uc744 \uc815\ub2f9\ud654\ud560 \uc815\ub3c4\uc778\uc9c0\ub294 \uc758\ubb38\uc774\ub77c\uace0 \ub367\ubd99\uc600\ub2e4.<\/p>\n

\uc2dc\uc7a5\ub3c4 \ube44\uc2b7\ud558\uac8c \ubcf4\uace0 \uc788\ub2e4. \ud558\ub8e8\uc9dc\ub9ac \uae08\ub9ac \uc2a4\uc651 \uc9c0\ud45c\uc778 OIS(\uc624\ubc84\ub098\uc774\ud2b8 \uc778\ub371\uc2a4 \uc2a4\uc651\u00b7\ub2e8\uae30 \uc815\ucc45\uae08\ub9ac \uae30\ub300\ub97c \ubc18\uc601\ud558\ub294 \ud30c\uc0dd\uc0c1\ud488) \uac00\uaca9\uc740 3\ubd84\uae30 \ub9d0\uae4c\uc9c0 25bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8\u00b71bp=0.01%\ud3ec\uc778\ud2b8) \ucd94\uac00 \uc778\uc0c1 \ud655\ub960\uc744 15% \uc815\ub3c4\ub9cc \ubc18\uc601\ud55c\ub2e4. \uc774\ub294 \uc815\ucc45\uae08\ub9ac\uac00 \uc0ac\uc2e4\uc0c1 \uc815\uc810(\ucd5c\uace0 \uc218\uc900)\uc5d0 \ub3c4\ub2ec\ud588\ub2e4\ub294 \uc758\ubbf8\ub2e4.<\/p>\n

Market Positioning And Key Risks<\/h3>\n

\uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \uc62c\ub790\uace0, \uc774\ub2ec \ube0c\ub80c\ud2b8\uc720(\ubd81\ud574\uc0b0 \uc6d0\uc720 \uae30\uc900 \uac00\uaca9)\uac00 \ubc30\ub7f4\ub2f9 90\ub2ec\ub7ec \uadfc\ucc98\uc5d0\uc11c \uac70\ub798\ub410\uc9c0\ub9cc, \uc774\uac83\ub9cc\uc73c\ub85c \uae08\ub9ac \uc778\uc0c1\uc744 \uac15\uc81c\ud560 \uc218\uc900\uc740 \uc544\ub2c8\ub77c\ub294 \ud310\ub2e8\uc774 ECB\uc640 \uac19\ub2e4\ub294 \uc124\uba85\uc774\ub2e4. \uc720\ub85c\uc2a4\ud0c0\ud2b8(\uc720\ub7fd\uc5f0\ud569 \ud1b5\uacc4\uae30\uad6c) \ucd5c\uc2e0 \uc790\ub8cc\uc5d0\uc11c\ub3c4 \uc720\ub85c\uc874 \uadfc\uc6d0 \uc778\ud50c\ub808\uc774\uc158(\uc5d0\ub108\uc9c0\u00b7\uc2dd\ub8cc\ud488\ucc98\ub7fc \ubcc0\ub3d9\uc774 \ud070 \ud56d\ubaa9\uc744 \ube80 \ubb3c\uac00)\uc774 3\uc6d4 2.7%\ub85c \ub0b4\ub824 \uae30\ucd08\uc801\uc778 \ubb3c\uac00 \uc555\ub825\uc774 \uc644\ud654\ub418\ub294 \ud750\ub984\uc774 \ud655\uc778\ub410\ub2e4. \uc911\ub3d9\uc5d0\uc11c \ucda9\uaca9\uc774 \ucee4\uc9c8 \uc815\ub3c4\uc758 \uc2ec\uac01\ud55c \ud655\uc804\uc774 \uc788\uc5b4\uc57c \ubb3c\uac00\uac00 \ucda9\ubd84\ud788 \uc62c\ub77c \uc774 \uc804\ub9dd\uc774 \ubc14\ub014 \uc218 \uc788\ub2e4\ub294 \uc598\uae30\ub2e4.<\/p>\n

2024\ub144\uc758 \ube60\ub978 \uae08\ub9ac \uc778\uc0c1 \uc774\ud6c4 2025\ub144 \ub300\ubd80\ubd84\uc744 \ud2b9\uc9d5\uc9c0\uc740 \uae34 \ub3d9\uacb0(\uae08\ub9ac \uc720\uc9c0) \uad6d\uba74\uc744 \uac70\uce58\uba74\uc11c, \uc2dc\uc7a5\uc758 \uad00\uc2ec\uc740 \ucd94\uac00 \uc778\uc0c1 \uc704\ud5d8\uc774 \uc544\ub2c8\ub77c \uae08\ub9ac \uc778\ud558 \uc2dc\uc810\uc73c\ub85c \uc62e\uaca8\uac14\ub2e4. \ub530\ub77c\uc11c \uae34\ucd95 \uc7ac\uac1c(\uae08\ub9ac \uc778\uc0c1\uc73c\ub85c \ub3cc\uc544\uc11c\ub294 \uac83) \uc870\uac74\uc740 \ub9e4\uc6b0 \uae4c\ub2e4\ub86d\ub2e4\uace0 \ud3c9\uac00\ud588\ub2e4.<\/p>\n

\uc55e\uc73c\ub85c \uba87 \uc8fc \ub3d9\uc548\uc740 \uc720\ub85c \uae08\ub9ac\uac00 \uc548\uc815\ub418\uac70\ub098 \ub0b4\ub824\uac08 \uac00\ub2a5\uc131\uc5d0 \ubca0\ud305\ud558\ub294 \ud3ec\uc9c0\uc158(\ud22c\uc790 \ubc29\ud5a5)\uc774 \uc720\ub9ac\ud558\ub2e4\ub294 \uad00\uce21\uc774\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \uc774\uc790\uc728 \uc2a4\uc651(\uace0\uc815\uae08\ub9ac\uc640 \ubcc0\ub3d9\uae08\ub9ac\ub97c \uad50\ud658\ud558\ub294 \uacc4\uc57d)\uc5d0\uc11c \uace0\uc815\uae08\ub9ac\ub97c \ubc1b\ub294 \uac70\ub798(\ub9ac\uc2dc\ube0c\u00b7\uae08\ub9ac \ud558\ub77d \uc2dc \uc720\ub9ac)\ub098 \ub3c5\uc77c \uad6d\ucc44 \uc120\ubb3c(\ubd84\ud2b8 \uc120\ubb3c)\uc744 \ub9e4\uc218\ud558\ub294 \uc804\ub7b5\uc774 \ub3c4\uc6c0\uc774 \ub420 \uc218 \uc788\ub2e4. ECB\uac00 \uae08\ub9ac\ub97c \uc720\uc9c0\ud558\uace0 \uae08\ub9ac \uc778\ud558 \uae30\ub300\uac00 \ucee4\uc9c0\uba74 \uc774\ub7f0 \ud3ec\uc9c0\uc158\uc774 \uc774\uc775\uc744 \ubcfc \uc218 \uc788\ub2e4.<\/p>\n

\ud575\uc2ec \uc704\ud5d8\uc740 \uac11\uc791\uc2a4\ub7ec\uc6b4 \uc9c0\uc815\ud559 \ucda9\uaca9\uc774\ub2e4. \uc774\ub7f0 \uacbd\uc6b0 \uc5d0\ub108\uc9c0 \ube44\uc6a9\uacfc \uae08\ub9ac \uae30\ub300\uac00 \ud568\uaed8 \uae09\ub4f1\ud560 \uc218 \uc788\ub2e4. \uadf8\ub798\uc11c \ub2e8\uae30 \uae08\ub9ac \ubcc0\ub3d9\uc131(\uac00\uaca9 \ud754\ub4e4\ub9bc) \ub9e4\ub3c4\ub294 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9)\uc744 \uc5bb\uae30 \uc88b\uc544 \ubcf4\uc5ec\ub3c4, \ubc18\ub4dc\uc2dc \ud5e4\uc9c0(\uc190\uc2e4\uc744 \uc904\uc774\uae30 \uc704\ud55c \ubc29\uc5b4)\uc640 \ud568\uaed8 \ud574\uc57c \ud55c\ub2e4\ub294 \uc870\uc5b8\uc774\ub2e4. EURIBOR(\uc720\ub85c\uc874 \ub2e8\uae30 \uae30\uc900\uae08\ub9ac) \uc120\ubb3c\uc5d0 \ub300\ud574 \uc678\uac00\uaca9(\ud604\uc7ac \uac00\uaca9\uc5d0\uc11c \uba3c \ud589\uc0ac\uac00)\uc758 \ucf5c\uc635\uc158(\ud2b9\uc815 \uac00\uaca9\uc5d0 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac)\uc744 \uc800\ub834\ud560 \ub54c \uc0ac\ub450\uba74, ECB\uac00 \uac11\uc790\uae30 \ub9e4\ud30c\uc801\uc73c\ub85c(\ubb3c\uac00 \uc5b5\uc81c\ub97c \uc704\ud574 \uae08\ub9ac \uc778\uc0c1\uc5d0 \uc801\uadf9\uc801\uc73c\ub85c) \ub3cc\uc544\uc124 \ub54c \ubc29\uc5b4\uac00 \ub420 \uc218 \uc788\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4.<\/p>\n

Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201c\uc911\ub3d9 \ubcc0\uc218\uc5d0\ub3c4 ECB \ucd94\uac00 \uc778\uc0c1\uc740 \uba40\ub2e4?\u201d \ucf54\uba54\ub974\uce20\ubc29\ud06c\ub294 \uc18c\uaddc\ubaa8 \uc774\ub780\uc804\uc774\uba74 \uc778\ud50c\ub808 \uc804\ub9dd\uc774 ECB\uc640 \uc720\uc0ac, \uc5d0\ub108\uc9c0 \uae09\ub4f1\u00b7\ud655\uc804 \ub54c\ub9cc \uc0c1\ubc29. OIS \uc778\uc0c1\ud655\ub960 15%, \uae08\ub9ac\uc815\uc810\u00b7\uc778\ud558 \uae30\ub300 \uc6b0\uc138.<\/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-45271","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\/45271","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=45271"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45271\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}