{"id":45882,"date":"2026-04-30T11:51:53","date_gmt":"2026-04-30T11:51:53","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%9c%a0%eb%a1%9c%ec%a1%b4-4%ec%9b%94-%ec%97%b0%ec%9c%a8-%ec%a1%b0%ed%99%94%eb%ac%bc%ea%b0%80%ec%83%81%ec%8a%b9%eb%a5%a0-3%ec%8b%9c%ec%9e%a5-%ec%a0%84%eb%a7%9d%ec%b9%982-9-%ec%83%81\/"},"modified":"2026-04-30T11:51:53","modified_gmt":"2026-04-30T11:51:53","slug":"%ec%9c%a0%eb%a1%9c%ec%a1%b4-4%ec%9b%94-%ec%97%b0%ec%9c%a8-%ec%a1%b0%ed%99%94%eb%ac%bc%ea%b0%80%ec%83%81%ec%8a%b9%eb%a5%a0-3%ec%8b%9c%ec%9e%a5-%ec%a0%84%eb%a7%9d%ec%b9%982-9-%ec%83%81","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%9c%a0%eb%a1%9c%ec%a1%b4-4%ec%9b%94-%ec%97%b0%ec%9c%a8-%ec%a1%b0%ed%99%94%eb%ac%bc%ea%b0%80%ec%83%81%ec%8a%b9%eb%a5%a0-3%ec%8b%9c%ec%9e%a5-%ec%a0%84%eb%a7%9d%ec%b9%982-9-%ec%83%81\/","title":{"rendered":"\uc720\ub85c\uc874 4\uc6d4 \uc5f0\uc728 \uc870\ud654\ubb3c\uac00\uc0c1\uc2b9\ub960 3%\u2026\uc2dc\uc7a5 \uc804\ub9dd\uce58(2.9%) \uc0c1\ud68c"},"content":{"rendered":"<p>\uc720\ub85c\uc874 **\uc870\ud654 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(HICP\u00b7Harmonised Index of Consumer Prices: \uc720\ub85c\uc874 \uad6d\uac00 \uac04 \ube44\uad50\ub97c \uc704\ud574 \uae30\uc900\uc744 \ub9de\ucd98 \uc18c\ube44\uc790\ubb3c\uac00 \uc9c0\ud45c)**\uac00 4\uc6d4 **\uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 3%** \uc0c1\uc2b9\ud588\ub2e4. \uc2dc\uc7a5 \uc608\uc0c1\uce58\ub294 **2.9%**\uc600\ub2e4.<\/p>\n<p>4\uc6d4 \uc218\uce58\ub294 \uc608\uc0c1\ubcf4\ub2e4 **0.1%\ud3ec\uc778\ud2b8** \ub192\uc558\ub2e4. \ubb3c\uac00 \uc0c1\uc2b9 \uc555\ub825\uc774 \uc804\ub9dd\ubcf4\ub2e4 \ub2e4\uc18c \uac15\ud588\uc74c\uc744 \ub73b\ud55c\ub2e4.<\/p>\n<h3>Implications For Ecb Policy<\/h3>\n<p>\uc608\uc0c1\uc744 \uc6c3\ub3c8 **3% \ubb3c\uac00**\ub294 **\uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)**\uc758 \ud1b5\ud654\uc815\ucc45 \uacbd\ub85c \uc7ac\uac80\ud1a0\ub97c \uc694\uad6c\ud55c\ub2e4. \uc2dc\uc7a5\uc740 \uc5ec\ub984\uc5d0 \uc608\uc0c1\ud558\ub358 **\uae30\uc900\uae08\ub9ac \uc778\ud558**\uc758 \uc2dc\uc810\uacfc \ud3ed\uc744 \ub2e4\uc2dc \ub530\uc838\ubcf4\uace0 \uc788\ub2e4. \uc774\ubc88 \u2018\uc11c\ud504\ub77c\uc774\uc988\u2019\ub294 **\uae30\ucd08 \ubb3c\uac00 \uc555\ub825(\uc5d0\ub108\uc9c0\u00b7\uc2dd\ud488 \ub4f1 \ubcc0\ub3d9\uc774 \ud070 \ud488\ubaa9\uc744 \uc81c\uc678\ud574 \ubb3c\uac00\uc758 \ubcf8\ud750\ub984\uc744 \ubcf4\ub294 \uac1c\ub150)**\uc774 \uc27d\uac8c \uaebe\uc774\uc9c0 \uc54a\uc744 \uc218 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4.<\/p>\n<p>\uae08\ub9ac \ud2b8\ub808\uc774\ub354 \uad00\uc810\uc5d0\uc11c\ub294 **2026\ub144 \uae08\ub9ac \uc778\ud558 \uae30\ub300**\uac00 \uc77c\ubd80 \ud6c4\ud1f4\ud560 \uc218 \uc788\ub2e4. **\uc624\ubc84\ub098\uc774\ud2b8 \uc778\ub371\uc2a4 \uc2a4\uc651(OIS\u00b7\ud558\ub8e8\uc9dc\ub9ac \uae08\ub9ac\ub97c \uae30\uc900\uc73c\ub85c \uace0\uc815\uae08\ub9ac\uc640 \ubcc0\ub3d9\uae08\ub9ac\ub97c \uad50\ud658\ud558\ub294 \ud30c\uc0dd\uc0c1\ud488, \uc815\ucc45\uae08\ub9ac \uae30\ub300\ub97c \ubc18\uc601)**\uc740 \uc989\uc2dc \uc870\uc815\ub3fc, \ub0a8\uc740 \uae30\uac04\uc5d0 \ubc18\uc601\ub41c \uc778\ud558 \ud3ed\uc774 **40bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8\u00b70.01%\ud3ec\uc778\ud2b8)** \uc218\uc900\uc73c\ub85c \ub0ae\uc544\uc84c\ub2e4(\uc804\uc77c \uc624\uc804 75bp\uc5d0\uc11c \uac10\uc18c). \uc774\uc5d0 \ub530\ub77c **\uc720\ub9ac\ubcf4(Euribor\u00b7\uc720\ub85c\uad8c \uc740\ud589 \uac04 \ub2e8\uae30 \ub300\ucd9c \uae30\uc900\uae08\ub9ac) \uc120\ubb3c** \uac19\uc740 \uae08\ub9ac **\uc120\ubb3c(\ubbf8\ub798\uc758 \uae08\ub9ac \uc218\uc900\uc744 \uc0ac\uace0\ud30c\ub294 \uacc4\uc57d)**\uc740 \uc218\uc775\ub960(\uae08\ub9ac) \uc870\uc815\uc73c\ub85c \uc57d\uc138 \uc555\ub825\uc744 \ubc1b\uc744 \uc218 \uc788\ub2e4.<\/p>\n<p>\uc774\ubc88 \ud750\ub984\uc740 **\uc720\ub85c\ud654**\uc5d0 \uc6b0\ud638\uc801\uc774\ub2e4. **\uc678\ud658(FX) \ud30c\uc0dd\uc0c1\ud488(\ud658\uc728 \ubcc0\ub3d9\uc5d0 \uae30\ubc18\ud55c \uc120\ubb3c\u00b7\uc2a4\uc651\u00b7\uc635\uc158)**\uc5d0\uc11c \uae30\ud68c\uac00 \uc0dd\uae38 \uc218 \uc788\ub2e4. **EUR\/USD**\ub294 \ud575\uc2ec \uad6c\uac04\uc778 **1.08**\uc744 \uc0c1\ud5a5 \ub3cc\ud30c\ud588\uace0, **\uc635\uc158 \uc2dc\uc7a5**\uc5d0\uc11c\ub294 \ucd94\uac00 \uac15\uc138 \uae30\ub300\uac00 \ucee4\uc9c0\uace0 \uc788\ub2e4. \ud2b9\ud788 **1\uac1c\uc6d4 \ub9ac\uc2a4\ud06c \ub9ac\ubc84\uc124(risk reversal\u00b7\uac19\uc740 \ub9cc\uae30\uc758 \ucf5c\uc635\uc158\uacfc \ud48b\uc635\uc158 \uac00\uaca9 \ucc28\uc774\ub85c \ubc29\ud5a5\uc131 \uc218\uc694\ub97c \ubcf4\ub294 \uc9c0\ud45c)**\uc774 \uc774\ubc88 \ubd84\uae30 \ub4e4\uc5b4 **\uc720\ub85c \ucf5c(\uc0c1\uc2b9\uc5d0 \ubca0\ud305\ud558\ub294 \uc635\uc158)** \ud504\ub9ac\ubbf8\uc5c4\uc774 \uac00\uc7a5 \ub192\uc740 \uc218\uc900\uc5d0\uc11c \uac70\ub798\ub418\uace0 \uc788\ub2e4. **\ud1b5\ud654\uc815\ucc45\uc774 \ub354 \uc644\ud654\uc801\uc778(\uae08\ub9ac \uc778\ud558\uc5d0 \ub354 \uc801\uadf9\uc801\uc778) \uc911\uc559\uc740\ud589**\uc744 \uac00\uc9c4 \ud1b5\ud654, \uc608\ucee8\ub300 **\uc77c\ubcf8 \uc5d4\ud654** \ub300\ube44 \uc720\ub85c \uac15\uc138\uc5d0 \ud3ec\uc9c0\uc158\uc744 \ub450\ub294 \uc804\ub7b5\uc774 \uc720\ub9ac\ud560 \uc218 \uc788\ub2e4.<\/p>\n<p>\uc8fc\uc2dd\uc2dc\uc7a5\uc5d0\uc11c\ub294 **\u2018\ub192\uc740 \uae08\ub9ac\uac00 \ub354 \uc624\ub798\u2019(higher-for-longer\u00b7\uae08\ub9ac\uac00 \ube68\ub9ac \ub0b4\ub824\uac00\uc9c0 \uc54a\ub294 \ud658\uacbd)** \uac00\ub2a5\uc131\uc774 \uc720\ub7fd \uc9c0\uc218\uc5d0 \ubd80\ub2f4\uc73c\ub85c \uc791\uc6a9\ud560 \uc804\ub9dd\uc774\ub2e4. 2024\ub144 \ud558\ubc18\uae30\uc5d0\ub3c4 \ubb3c\uac00\uac00 \uc798 \ub0b4\ub824\uc624\uc9c0 \uc54a\uc544 \uae08\ub9ac \uc778\ud558\uac00 \uc9c0\uc5f0\ub418\uba70 **EURO STOXX 50 \uc9c0\uc218(\uc720\ub85c\uc874 \ub300\ud45c \ub300\ud615\uc8fc \uc9c0\uc218)**\uac00 **7% \uc870\uc815**\ubc1b\ub294 \uc720\uc0ac\ud55c \ud750\ub984\uc774 \uc788\uc5c8\ub2e4. \ud22c\uc790\uc790\ub4e4\uc740 **\ud48b\uc635\uc158(\uac00\uaca9 \ud558\ub77d \uc2dc \uc774\uc775\uc774 \ub098\ub294 \uad8c\ub9ac)**\uc744 \ub9e4\uc218\ud574 \ubcf4\uc720 \uc8fc\uc2dd\uc758 \ud558\ub77d\uc744 \ubc29\uc5b4\ud558\uac70\ub098 \ub2e8\uae30 \ud558\ub77d\uc5d0 \ubca0\ud305\ud558\ub294 \ubc29\uc548\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4.<\/p>\n<h3>Volatility And Options Pricing<\/h3>\n<p>\uc608\uc0c1 \ubc16 \ubb3c\uac00 \ubc1c\ud45c\ub85c \ubd88\ud655\uc2e4\uc131\uc774 \ucee4\uc9c0\uba70 **\uc2dc\uc7a5 \ubcc0\ub3d9\uc131**\uc774 \ub6f0\uc5c8\ub2e4. \uc720\ub85c\uc874 \uc8fc\uc2dd \ubcc0\ub3d9\uc131\uc744 \ub098\ud0c0\ub0b4\ub294 **VSTOXX(\uc720\ub85c\uc874 \uc8fc\uc2dd\uc2dc\uc7a5 \ubcc0\ub3d9\uc131 \uc9c0\uc218)**\ub294 **12% \uae09\ub4f1**\ud574 \ub450 \ub2ec \ub9cc\uc5d0 \ucc98\uc74c\uc73c\ub85c **17**\uc744 \uc6c3\ub3cc\uc558\ub2e4. \ubcc0\ub3d9\uc131\uc774 \uc624\ub974\uba74 \uc635\uc158 \uac00\uaca9\uc774 \uc804\ubc18\uc801\uc73c\ub85c \ube44\uc2f8\uc9c4\ub2e4. \ub530\ub77c\uc11c **\uc20f \uc2a4\ud2b8\ub7ad\uae00(short strangle\u00b7\ud589\uc0ac\uac00\uac00 \ub2e4\ub978 \ucf5c\u00b7\ud48b\uc744 \ub3d9\uc2dc\uc5d0 \ub9e4\ub3c4\ud574 \ud504\ub9ac\ubbf8\uc5c4\uc744 \ubc1b\ub294 \uc804\ub7b5, \ud070 \ubcc0\ub3d9\uc5d0 \ucde8\uc57d)**\ucc98\ub7fc \ubcc0\ub3d9\uc131 \ub9e4\ub3c4 \uc804\ub7b5\uc740 ECB\uc758 \ub2e4\uc74c \uba54\uc2dc\uc9c0\ub85c \ubc29\ud5a5\uc774 \ub354 \ubd84\uba85\ud574\uc9c8 \ub54c\uae4c\uc9c0 \uc704\ud5d8\uc774 \ucee4\uc9c8 \uc218 \uc788\ub2e4.<\/p>\n<p><b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a>\u00a0and\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\uc720\ub85c\uc874 HICP 4\uc6d4 3%\ub85c \uc608\uc0c1 \uc0c1\ud68c(2.9%). ECB \uae08\ub9ac\uc778\ud558 \uae30\ub300 \ud6c4\ud1f4, OIS \uc778\ud558\ud3ed 40bp\ub85c \ucd95\uc18c. \uc720\ub85c \uac15\uc138\u00b7\uc8fc\uc2dd \ubd80\ub2f4, VSTOXX \uae09\ub4f1\uc5d0 \uc635\uc158 \ubcc0\ub3d9\uc131 \ud504\ub9ac\ubbf8\uc5c4 \ud655\ub300.<\/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-45882","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\/45882","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=45882"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45882\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}