{"id":45522,"date":"2026-04-25T05:52:04","date_gmt":"2026-04-25T05:52:04","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-bsp-%ea%b8%b0%ec%a4%80%ea%b8%88%eb%a6%ac-25bp-%ec%9d%b8%ec%83%81%ed%95%b4-4-50%eb%a1%9c%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4\/"},"modified":"2026-04-25T05:52:04","modified_gmt":"2026-04-25T05:52:04","slug":"%ec%bd%94%eb%a9%94%eb%a5%b4%ec%b8%a0%eb%b0%a9%ed%81%ac-bsp-%ea%b8%b0%ec%a4%80%ea%b8%88%eb%a6%ac-25bp-%ec%9d%b8%ec%83%81%ed%95%b4-4-50%eb%a1%9c%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4","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-bsp-%ea%b8%b0%ec%a4%80%ea%b8%88%eb%a6%ac-25bp-%ec%9d%b8%ec%83%81%ed%95%b4-4-50%eb%a1%9c%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4\/","title":{"rendered":"\ucf54\uba54\ub974\uce20\ubc29\ud06c \u201cBSP, \uae30\uc900\uae08\ub9ac 25bp \uc778\uc0c1\ud574 4.50%\ub85c\u2026\uc778\ud50c\ub808\uc774\uc158 \uae30\ub300 \uace0\uc815\uc744 \uc704\ud55c \uae34\ucd95 \ucc29\uc218\u201d"},"content":{"rendered":"

\ud544\ub9ac\ud540 \uc911\uc559\uc740\ud589(BSP)\uc740 \uc5ed\ud658\ub9e4\uc870\uac74\ubd80\ucc44\uad8c(Reverse Repo\u00b7\uc911\uc559\uc740\ud589\uc774 \uc2dc\uc911\uc740\ud589\uc5d0\uc11c \ub2e8\uae30 \uc790\uae08\uc744 \ud761\uc218\ud560 \ub54c \uc801\uc6a9\ud558\ub294 \uae30\uc900\uae08\ub9ac) \ubaa9\ud45c\uae08\ub9ac\ub97c 25bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8\u00b70.01%\ud3ec\uc778\ud2b8) \uc778\uc0c1\ud574 4.50%\ub85c \uc62c\ub838\ub2e4. 2023\ub144 9\uc6d4 \uc774\ud6c4 \uccab \uc778\uc0c1\uc774\ub2e4. \ube14\ub8f8\ubc84\uadf8 \uc124\ubb38\uc5d0\uc11c\ub294 \uc778\uc0c1 \uc804\ub9dd\uc774 50\ub300 50\uc73c\ub85c \uc5c7\uac08\ub838\ub2e4.<\/p>\n

BSP\ub294 \uc774\ubc88 \uc870\uce58\uac00 \uc778\ud50c\ub808\uc774\uc158(\ubb3c\uac00 \uc0c1\uc2b9) \uae30\ub300\ub97c \uace0\uc815(\u2018\ub354 \uc624\ub97c \uac83\u2019\uc774\ub77c\ub294 \uc2ec\ub9ac\ub97c \uc5b5\uc81c)\ud558\uace0, \u20182\ucc28 \ud30c\uae09\ud6a8\uacfc(Second-round effect\u00b7\uc6d0\uc790\uc7ac\u00b7\uc6b4\uc1a1\ube44 \uc0c1\uc2b9\uc774 \uc784\uae08 \uc778\uc0c1\uacfc \uc11c\ube44\uc2a4 \uac00\uaca9 \uc778\uc0c1\uc73c\ub85c \ubc88\uc9c0\ub294 \ud604\uc0c1)\u2019\ub97c \uc81c\ud55c\ud558\uae30 \uc704\ud55c \uac83\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4. BSP\ub294 \uacfc\uac70 2018\ub144\uacfc 2022\ub144\uc5d0\ub3c4 \uc804\uccb4 \uc18c\ube44\uc790\ubb3c\uac00(CPI\u00b7\uac00\uacc4\uac00 \uc0ac\ub294 \uc0c1\ud488\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9\uc758 \ud3c9\uade0 \uc9c0\ud45c)\uac00 \ubaa9\ud45c \ubc94\uc704(2~4%)\ub97c \uc6c3\ub3cc \ub54c \ud1b5\ud654\uae34\ucd95(\uae08\ub9ac \uc778\uc0c1 \ub4f1)\uc73c\ub85c \ub300\uc751\ud55c \ubc14 \uc788\ub2e4.<\/p>\n

\uc0c8 \uae08\ub9ac \uc778\uc0c1 \uc0ac\uc774\ud074 \uc2dc\uc791<\/h3>\n

3\uc6d4 2026\ub144 \uc804\uccb4 CPI\ub294 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 4.1%\ub85c \uc0c1\uc2b9\ud588\ub2e4. \ub808\ubab0\ub85c\ub098(Remolona) BSP \ucd1d\uc7ac\ub294 50bp \uc778\uc0c1\ub3c4 \ud568\uaed8 \ub17c\uc758\ub410\ub2e4\uace0 \ubc1d\ud614\uace0, \uc774\ubc88 \uacb0\uc815\uc744 \u2018\uc0c8 \uae08\ub9ac \uc778\uc0c1 \uc0ac\uc774\ud074(\uc5f0\uc18d\uc801\uc778 \uae08\ub9ac \uc778\uc0c1 \ud750\ub984)\uc758 \uc2dc\uc791\u2019\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4.<\/p>\n

BSP\ub294 \ud604\uc7ac\uc758 \ud1b5\ud654\uc815\ucc45 \uae30\uc870\uac00 \uc911\uae30\uc801\uc73c\ub85c \uacbd\uae30 \ud68c\ubcf5\uc744 \uc5ec\uc804\ud788 \ub4b7\ubc1b\uce68\ud560 \uac83\uc774\ub77c\uace0 \ubc1d\ud614\ub2e4. \ub2e4\ub9cc \uc5f0\uac04 \uc131\uc7a5\ub960 \uc804\ub9dd\uce58\ub294 4.6%\uc5d0\uc11c 4.3%\ub85c \ub0ae\ucdc4\ub2e4. \uc774\ub294 \uc815\ubd80 \ubaa9\ud45c \ubc94\uc704(5~6%)\ub97c \ubc11\ub3c8\ub2e4.<\/p>\n

BSP\ub294 \uc911\ub3d9 \ubd84\uc7c1\uc5d0 \ub530\ub978 \uacf5\uae09\ub9dd(\uc6d0\uc790\uc7ac\u00b7\ubd80\ud488 \uc870\ub2ec\uacfc \ubb3c\ub958) \ucc28\uc9c8, \uacf5\uacf5\uc9c0\ucd9c \uc9d1\ud589 \uc9c0\uc5f0, \ubd80\ud328 \uc758\ud639\uacfc \uad00\ub828\ub41c \uc2ec\ub9ac \uc704\ucd95\uc744 \uc131\uc7a5 \ud558\ubc29(\uc544\ub798\ucabd) \uc704\ud5d8\uc73c\ub85c \uc9c0\ubaa9\ud588\ub2e4. \uc7ac\uc815\uc815\ucc45(\uc815\ubd80\uc758 \uc9c0\ucd9c\u00b7\uc138\uae08 \uc815\ucc45)\uc774 \uc131\uc7a5\uc744 \uc9c0\uc6d0\ud560 \uc218 \uc788\ub2e4\uace0\ub3c4 \ub367\ubd99\uc600\ub2e4.<\/p>\n

BSP\ub294 \uc6b4\uc1a1\ube44\uc640 \ube44\ub8cc \uac00\uaca9 \uc0c1\uc2b9\uc744 \ud1b5\ud574 \ubb3c\uac00 \uc555\ub825\uc774 \ub113\uac8c \ud655\uc0b0\ub418\uace0, \uadfc\uc6d0 CPI(Core CPI\u00b7\uc2dd\ub8cc\ud488\u00b7\uc5d0\ub108\uc9c0\ucc98\ub7fc \ubcc0\ub3d9\uc774 \ud070 \ud488\ubaa9\uc744 \uc81c\uc678\ud55c \ubb3c\uac00) \ud56d\ubaa9\uc73c\ub85c\ub3c4 \ubc88\uc9c8 \uc218 \uc788\ub2e4\uace0 \ubd24\ub2e4. \uc784\uae08 \uacb0\uc815\uc774 \u2018\uacf5\uae09 \ucda9\uaca9(\uc720\uac00\u00b7\ubb3c\ub958 \ub4f1 \ube44\uc6a9 \uc0c1\uc2b9)\u2019\ubc1c \ubb3c\uac00 \uc0c1\uc2b9\uc744 \ub418\ud480\uc774\ud558\uc9c0 \uc54a\ub3c4\ub85d \uc778\ud50c\ub808\uc774\uc158 \uae30\ub300\ub97c \uc810\uac80\ud558\uace0 \uc788\ub2e4\uace0 \ubc1d\ud614\ub2e4.<\/p>\n

\uae08\ub9ac\u00b7\ud658\uc728\uc5d0 \ub300\ud55c \ud568\uc758<\/h3>\n

\ud398\uc18c\ud654\ub294 \uc774\ub780 \uc804\uc7c1 \uc774\ud6c4 \uc8fc\ubcc0\uad6d \ud1b5\ud654 \ub300\ube44 \uc57d\uc138 \ud750\ub984\uc774 \ub450\ub4dc\ub7ec\uc84c\ub2e4. \ud544\ub9ac\ud540\uc740 \uc911\ub3d9\ubc1c \uc5d0\ub108\uc9c0 \uac00\uaca9 \ubcc0\ub3d9\uc5d0 \ucde8\uc57d\ud558\ub2e4\ub294 \ud3c9\uac00\ub2e4.<\/p>\n

\uc911\uc559\uc740\ud589\uc740 \uc774\ubc88 \uc870\uce58\uac00 \uc0c8\ub85c\uc6b4 \uae08\ub9ac \uc778\uc0c1 \uc0ac\uc774\ud074\uc758 \uc2dc\uc791\uc784\uc744 \uc2dc\uc0ac\ud588\uace0, \ucd1d\uc7ac\ub294 50bp \uc778\uc0c1 \uac00\ub2a5\uc131\ub3c4 \uc5b8\uae09\ud588\ub2e4. \uc774\ub7f0 \uac15\ud55c \u2018\uc120\uc81c \uc2e0\ud638(Forward guidance\u00b7\ud5a5\ud6c4 \ud1b5\ud654\uc815\ucc45 \ubc29\ud5a5\uc744 \ubbf8\ub9ac \uc54c\ub9ac\ub294 \ubc1c\uc5b8)\u2019\ub294 \ub2e8\uae30\uae08\ub9ac\uac00 \uc55e\uc73c\ub85c \ub354 \uc624\ub97c \uc218 \uc788\uc74c\uc744 \ub73b\ud55c\ub2e4. \uc774\uc5d0 \ub530\ub77c \ud5a5\ud6c4 \uba87 \ub2ec \ub3d9\uc548 \ub2e8\uae30\uae08\ub9ac \uc0c1\uc2b9\uc5d0 \ub300\ube44\ud55c \ud3ec\uc9c0\uc158\uc774 \ud544\uc694\ud558\ub2e4\ub294 \uad00\uce21\uc774 \ub098\uc628\ub2e4. \uc774\ub97c \ud45c\ud604\ud558\ub294 \ubc29\ubc95\uc73c\ub85c 1\ub144 \ub9cc\uae30 \ud398\uc18c \uae08\ub9ac \uc2a4\uc640\ud504(IRS\u00b7\uace0\uc815\uae08\ub9ac\uc640 \ubcc0\ub3d9\uae08\ub9ac\ub97c \uad50\ud658\ud558\ub294 \uacc4\uc57d)\uc5d0\uc11c \u2018\uace0\uc815\uae08\ub9ac \uc9c0\uae09(Pay fixed\u00b7\uace0\uc815\uae08\ub9ac\ub97c \ub0b4\uace0 \ubcc0\ub3d9\uae08\ub9ac\ub97c \ubc1b\ub294 \ud3ec\uc9c0\uc158, \uae08\ub9ac \uc0c1\uc2b9\uc5d0 \uc720\ub9ac)\u2019\uc774 \uc81c\uc2dc\ub410\ub2e4.<\/p>\n

\ube44\uc2b7\ud55c \ud750\ub984\uc740 2022\ub144\uc5d0\ub3c4 \uc788\uc5c8\ub2e4. \ub2f9\uc2dc \ubb3c\uac00\uac00 \ubaa9\ud45c \ubc94\uc704\ub97c \uc6c3\ub3c8 \ub4a4 \uc218\uac1c\uc6d4 \ucd94\uac00 \uc0c1\uc2b9\ud574 8%\ub97c \ud06c\uac8c \ub118\ub294 \uc218\uc900\uae4c\uc9c0 \uce58\uc19f\uc558\uace0, BSP\ub294 \ubc18\ubcf5\uc801\uc73c\ub85c \uae08\ub9ac\ub97c \uc62c\ub9b4 \uc218\ubc16\uc5d0 \uc5c6\uc5c8\ub2e4. 2026\ub144 3\uc6d4 \ubb3c\uac00\uac00 \uc774\ubbf8 4.1%\uc778 \ub9cc\ud07c \ube44\uc6a9 \uc0c1\uc2b9 \uc555\ub825\uc774 \uacc4\uc18d \ucee4\uc9c0\uba74 \uc774\ubc88 \uc0ac\uc774\ud074\ub3c4 \uae38\uc5b4\uc9c8 \uc218 \uc788\ub2e4\ub294 \ud574\uc11d\uc774\ub2e4.<\/p>\n

\uc77c\ubc18\uc801\uc73c\ub85c \uae08\ub9ac \uc778\uc0c1\uc740 \ud1b5\ud654 \uac00\uce58\ub97c \uac15\ud558\uac8c \ub9cc\ub4e4\uc9c0\ub9cc, \ud398\uc18c\ud654\ub294 \uadf8\ub807\uc9c0 \ubabb\ud558\ub2e4. \uc57d\uc138\uc758 \ud575\uc2ec \uc694\uc778\uc740 \ub300\uc678 \ubcc0\uc218\uc774\uba70, \ud2b9\ud788 \uc5d0\ub108\uc9c0 \uc218\uc785 \uc758\uc874\ub3c4\uac00 \ub192\ub2e4\ub294 \uc810\uc774 \ubd80\ub2f4\uc774\ub2e4. \uc911\ub3d9 \ubd84\uc7c1\uc774 \uc774\uc5b4\uc9c0\uba70 \ube0c\ub80c\ud2b8\uc720(\uc138\uacc4 \uc6d0\uc720 \uac00\uaca9\uc758 \ub300\ud45c \uae30\uc900)\uac00 \ubc30\ub7f4\ub2f9 110\ub2ec\ub7ec \uc548\ud30e\uc5d0\uc11c \uc6c0\uc9c1\uc774\uba74\uc11c \uc218\uc785 \ube44\uc6a9\uc774 \ub298\uace0, \uc774\ub294 \ud1b5\ud654\uc5d0 \ud558\ubc29 \uc555\ub825\uc73c\ub85c \uc791\uc6a9\ud558\uace0 \uc788\ub2e4.<\/p>\n

\uc774 \ub54c\ubb38\uc5d0 \uc911\uc559\uc740\ud589\uc758 \ub300\uc751\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \ud398\uc18c\ud654\ub294 \ucd94\uac00 \uc57d\uc138\uac00 \ub354 \uc26c\uc6b4 \uacbd\ub85c\ub77c\ub294 \ud3c9\uac00\uac00 \ub098\uc628\ub2e4. \ub2ec\ub7ec\/\ud398\uc18c\uc5d0\uc11c \ub2ec\ub7ec \ucf5c\uc635\uc158(\ubbf8\ub9ac \uc815\ud55c \uac00\uaca9\uc5d0 \ub2ec\ub7ec\ub97c \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac)\uc744 \ub9e4\uc218\ud574 2022\ub144 \ub9d0 \uace0\uc810 \uc218\uc900\uc778 59.00 \uc7ac\uc0c1\uc2b9\uc744 \ub178\ub9ac\ub294 \uc804\ub7b5\ub3c4 \uac70\ub860\ub41c\ub2e4. \uc815\ubd80\uc758 \uc131\uc7a5\ub960 \uc804\ub9dd\uce58 \ud558\ud5a5(4.3%)\uacfc \uc7ac\uc815\uc815\ucc45\uc5d0 \ub300\ud55c \uc6b0\ub824 \uc5ed\uc2dc \ubd80\uc815\uc801 \uc2ec\ub9ac\ub97c \ud0a4\uc6b8 \uc218 \uc788\ub2e4\ub294 \ubd84\uc11d\uc774\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\ud544\ub9ac\ud540 BSP, 25bp \uc778\uc0c1\uc73c\ub85c 4.50%\u20262023\ub144 9\uc6d4 \uc774\ud6c4 \uccab \uae34\ucd95\uc5d0 \u2018\uc0c8 \uc0ac\uc774\ud074\u2019 \uc2e0\ud638. \ubb3c\uac00 4.1%\u00b72\ucc28\ud6a8\uacfc \ucc28\ub2e8\uc774 \ubaa9\ud45c. \ud398\uc18c\ub294 \uc720\uac00\u00b7\uc911\ub3d9 \ub9ac\uc2a4\ud06c\ub85c \uc57d\uc138 \uc555\ub825 \uc9c0\uc18d.<\/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-45522","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\/45522","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=45522"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45522\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}