{"id":45766,"date":"2026-04-29T09:24:15","date_gmt":"2026-04-29T09:24:15","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%8f%85%ec%9d%bc-%eb%b0%94%ec%9d%b4%ec%97%90%eb%a5%b8%ec%a3%bc-4%ec%9b%94-%ec%86%8c%eb%b9%84%ec%9e%90%eb%ac%bc%ea%b0%80%ec%a7%80%ec%88%98cpi-%ec%a0%84%eb%85%84-%eb%8f%99%ec%9b%94-%eb%8c%80\/"},"modified":"2026-04-29T09:24:15","modified_gmt":"2026-04-29T09:24:15","slug":"%eb%8f%85%ec%9d%bc-%eb%b0%94%ec%9d%b4%ec%97%90%eb%a5%b8%ec%a3%bc-4%ec%9b%94-%ec%86%8c%eb%b9%84%ec%9e%90%eb%ac%bc%ea%b0%80%ec%a7%80%ec%88%98cpi-%ec%a0%84%eb%85%84-%eb%8f%99%ec%9b%94-%eb%8c%80","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%8f%85%ec%9d%bc-%eb%b0%94%ec%9d%b4%ec%97%90%eb%a5%b8%ec%a3%bc-4%ec%9b%94-%ec%86%8c%eb%b9%84%ec%9e%90%eb%ac%bc%ea%b0%80%ec%a7%80%ec%88%98cpi-%ec%a0%84%eb%85%84-%eb%8f%99%ec%9b%94-%eb%8c%80\/","title":{"rendered":"\ub3c5\uc77c \ubc14\uc774\uc5d0\ub978\uc8fc 4\uc6d4 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI) \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 2.9% \uc0c1\uc2b9\u2026\uc774\uc804 2.8%\uc5d0\uc11c \ud655\ub300"},"content":{"rendered":"<p>\ubc14\uc774\uc5d0\ub978\uc8fc\uc758 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI\u00b7\ubb3c\uac00 \uc218\uc900\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)\uac00 4\uc6d4 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 2.9% \uc0c1\uc2b9\ud588\ub2e4. \uc9c1\uc804\uce58 2.8%\uc5d0\uc11c \ub192\uc544\uc84c\ub2e4.<\/p>\n<p>\ubc14\uc774\uc5d0\ub978 \ubb3c\uac00\uac00 2.9%\ub85c \uc624\ub978 \uac83\uc740 \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc758 \ucd94\uac00 \uae08\ub9ac \uc778\ud558\uc5d0 \ubca0\ud305\ud55c \ud22c\uc790\uc790\uc5d0\uac8c \uacbd\uace0 \uc2e0\ud638\ub2e4. \ubc14\uc774\uc5d0\ub978 \ubb3c\uac00\ub294 \ub3c5\uc77c\uacfc \uc720\ub85c\uc874(\uc720\ub85c\ud654\ub97c \uc4f0\ub294 \uad6d\uac00\ub4e4\uc758 \uacbd\uc81c\uad8c) \ubb3c\uac00 \ud750\ub984\uc744 \ubbf8\ub9ac \ubcf4\uc5ec\uc8fc\ub294 \uc120\ud589 \uc9c0\ud45c\ub85c \ud65c\uc6a9\ub41c\ub2e4. \uc774\ubc88 \uc218\uce58\ub294 \ubb3c\uac00\uac00 \uc608\uc0c1\ubcf4\ub2e4 \uc27d\uac8c \ub0b4\ub824\uc624\uc9c0 \uc54a\ub294 \u2018\ub048\uc801\ud55c(\uace0\ucc29\ud654\ub41c) \uc778\ud50c\ub808\uc774\uc158\u2019 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \uc774\ub294 2026\ub144 \ub9d0\uae4c\uc9c0 ECB\uac00 \ud1b5\ud654\uc644\ud654(\uae08\ub9ac\ub97c \ub0b4\ub9ac\uac70\ub098 \uc720\ub3d9\uc131\uc744 \ub298\ub9ac\ub294 \uc815\ucc45)\ub97c \uc774\uc5b4\uac08 \uac83\uc774\ub77c\ub294 \uc2dc\uc7a5\uc758 \uc77c\ubc18\uc801 \uae30\ub300\ub97c \ud754\ub4e4 \uc218 \uc788\ub2e4.<\/p>\n<h3>Implications For ECB Policy Expectations<\/h3>\n<p>\uae08\ub9ac \ubcc0\ub3d9\uc5d0 \ubbfc\uac10\ud55c \uc790\uc0b0(\uae08\ub9ac \ubbfc\uac10 \uc790\uc0b0: \uad6d\ucc44, \uae08\ub9ac\uc120\ubb3c, \uace0\ud3c9\uac00 \uc131\uc7a5\uc8fc \ub4f1)\uc5d0 \ub300\ud55c \uc775\uc2a4\ud3ec\uc800(\ud3ec\uc9c0\uc158 \uaddc\ubaa8)\ub97c \uc7ac\uc810\uac80\ud560 \ud544\uc694\uac00 \uc788\ub2e4. 7\uc6d4 \uae08\ub9ac \uc778\ud558\ub97c \ubc18\uc601\ud55c \uc2dc\uc7a5 \uac00\uaca9(\uc2dc\uc7a5\uc5d0 \ubc18\uc601\ub41c \uae30\ub300\uce58)\uc740 \uc57d\ud574\uc9c8 \uc218 \uc788\uc73c\uba70, 2026\ub144 12\uc6d4 \ub9cc\uae30 \uc720\ub9ac\ubcf4(Euribor\u00b7\uc720\ub85c\uc874 \uc740\ud589 \uac04 \ub2e8\uae30 \ub300\ucd9c\uae08\ub9ac) \uc120\ubb3c\uc5d0\uc11c\uc758 \uc20f \ud3ec\uc9c0\uc158(\uac00\uaca9 \ud558\ub77d\uc5d0 \ubca0\ud305)\uc774 \uae30\ub300 \uc870\uc815 \uacfc\uc815\uc5d0\uc11c \uc218\uc775 \uae30\ud68c\uac00 \ub420 \uc218 \uc788\ub2e4. 2025\ub144 \ub9d0\uc5d0\ub3c4 \uc11c\ube44\uc2a4 \ubb3c\uac00(\uc11c\ube44\uc2a4 \uac00\uaca9 \uc0c1\uc2b9\ub960)\uac00 \uc27d\uac8c \uaebe\uc774\uc9c0 \uc54a\uc73c\uba74\uc11c \ucc44\uad8c\uc2dc\uc7a5\uc774 \uae09\ub77d(\ucc44\uad8c \uac00\uaca9 \ud558\ub77d, \uae08\ub9ac \uc0c1\uc2b9)\ud55c \uc0ac\ub840\uac00 \uc788\uc5c8\uace0, \uc774\ubc88 \uc9c0\ud45c\uac00 \ube44\uc2b7\ud55c \ubc18\uc751\uc744 \ucd09\ubc1c\ud560 \uc218 \uc788\ub2e4.<\/p>\n<p>\uc8fc\uc2dd\uc2dc\uc7a5\uc5d0\uc11c\ub294 \ubc29\uc5b4\uc801 \ub300\uc751\uc774 \uc720\ub9ac\ud560 \uc218 \uc788\ub2e4. \ud2b9\ud788 \ub3c5\uc77c DAX \uc9c0\uc218\uac00 \uc0ac\uc0c1 \ucd5c\uace0\uce58 \ubd80\uadfc\uc5d0\uc11c \uac70\ub798\ub418\ub294 \uc0c1\ud669\uc5d0\uc11c\ub294 \ub354 \uadf8\ub807\ub2e4. \uae08\ub9ac\uac00 \ub192\uac8c \uc720\uc9c0\ub418\uba74 \uae30\uc5c5 \uc774\uc775\uacfc \ud22c\uc790\uc2ec\ub9ac\uc5d0 \ubd80\ub2f4\uc774 \ub420 \uc218 \uc788\uc5b4, 6\uc6d4 \ub9cc\uae30 DAX \ub610\ub294 \uc720\ub85c\uc2a4\ud1a1\uc2a450(Euro Stoxx 50\u00b7\uc720\ub85c\uc874 \ub300\ud45c 50\uac1c \ub300\ud615\uc8fc \uc9c0\uc218)\uc5d0 \ub300\ud55c \ubcf4\ud638\uc6a9 \ud48b\uc635\uc158(\ud48b\uc635\uc158: \uc77c\uc815 \uac00\uaca9\uc5d0 \ud314 \uad8c\ub9ac, \ud558\ub77d \uc704\ud5d8\uc744 \ub9c9\ub294 \ubcf4\ud5d8 \uc5ed\ud560)\uc774 \ub9e4\ub825\uc801\uc778 \ud5e4\uc9c0(\uc704\ud5d8\uc744 \uc0c1\uc1c4\ud558\ub294 \uac70\ub798) \uc218\ub2e8\uc774 \ub420 \uc218 \uc788\ub2e4. VSTOXX \ubcc0\ub3d9\uc131 \uc9c0\uc218(VSTOXX\u00b7\uc720\ub85c\uc2a4\ud1a1\uc2a450\uc758 \uc608\uc0c1 \ubcc0\ub3d9\uc131\uc744 \ubc18\uc601, \u2018\uacf5\ud3ec\uc9c0\uc218\u2019\ub85c \ubd88\ub9bc)\uac00 \uc9c0\ub09c \ubd84\uae30 \ub300\ubd80\ubd84 14 \uc544\ub798\uc5d0 \uba38\ubb3c\ub7ec \uc635\uc158 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9)\uc740 \ube44\uad50\uc801 \ub0ae\uc740 \ud3b8\uc774\uc5b4\uc11c \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ubcf4\ud5d8 \ube44\uc6a9\uc774 \ud06c\uc9c0 \uc54a\ub2e4.<\/p>\n<p>\uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc720\ub85c\ud654 \uac15\uc138 \uc7ac\ub8cc\uac00 \ub420 \uc218 \uc788\ub2e4. ECB\uac00 \ubb3c\uac00 \ubd80\ub2f4\uc73c\ub85c \ub9e4\ud30c\uc801(\ub9e4\ud30c: \uae08\ub9ac \uc778\uc0c1\u00b7\uae34\ucd95\uc5d0 \ub354 \uc2e0\uc911\ud558\uac70\ub098 \uc6b0\ud638\uc801\uc778 \ud0dc\ub3c4) \ubc1c\uc5b8\uc744 \uac15\ud654\ud558\ub294 \ubc18\uba74, \ubbf8\uad6d \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed)\uac00 \uc644\ud654 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud55c\ub2e4\uba74 \uc720\ub85c\/\ub2ec\ub7ec(EUR\/USD) \ud658\uc728\uc774 \uc0c1\ub2e8\uc744 \ub3cc\ud30c\ud560 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4. \ud2b9\ud788 \ud3ec\uc9c0\uc154\ub2dd(\ud22c\uc790\uc790\ub4e4\uc774 \uc2e4\uc81c\ub85c \ub4e4\uace0 \uc788\ub294 \ube44\uc911) \uc9c0\ud45c\uc0c1 \uc720\ub85c \ube44\uc911\uc774 \ub0ae\uc740 \ud22c\uc790\uc790\uac00 \ub9ce\ub2e4\ub294 \uc810\uc744 \uac10\uc548\ud558\uba74, EUR\/USD \ucf5c\uc635\uc158(\ucf5c\uc635\uc158: \uc77c\uc815 \uac00\uaca9\uc5d0 \uc0b4 \uad8c\ub9ac, \uc0c1\uc2b9\uc5d0 \ubca0\ud305)\uc744 \uc810\uac80\ud560 \ub9cc\ud558\ub2e4.<\/p>\n<h3>Potential Trade And Hedging Considerations<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>\ubc14\uc774\uc5d0\ub978 CPI 2.9%\ub85c \ubc18\ub4f1\u2026ECB \ucd94\uac00 \uc778\ud558 \uae30\ub300\uc5d0 \u2018\uacbd\uace0\ub4f1\u2019. \ub048\uc801\ud55c \ubb3c\uac00\uac00 \uae08\ub9ac \ubbfc\uac10 \uc790\uc0b0 \ubcc0\ub3d9\uc131 \ud0a4\uc6b0\uace0, DAX \ubc29\uc5b4\u00b7\uc720\ub85c \uac15\uc138 \ubca0\ud305 \uc7ac\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-45766","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\/45766","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=45766"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45766\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}