{"id":45903,"date":"2026-04-30T16:56:22","date_gmt":"2026-04-30T16:56:22","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%9d%bc%ea%b0%80%eb%a5%b4%eb%93%9c-ecb-%ea%b8%88%eb%a6%ac-%eb%8f%99%ea%b2%b0-%ea%b2%b0%ec%a0%95-%eb%b0%b0%ea%b2%bd-%ec%84%a4%eb%aa%85-%ed%96%a5%ed%9b%84-%ed%86%b5%ed%99%94%ec%a0%95\/"},"modified":"2026-04-30T16:56:22","modified_gmt":"2026-04-30T16:56:22","slug":"%eb%9d%bc%ea%b0%80%eb%a5%b4%eb%93%9c-ecb-%ea%b8%88%eb%a6%ac-%eb%8f%99%ea%b2%b0-%ea%b2%b0%ec%a0%95-%eb%b0%b0%ea%b2%bd-%ec%84%a4%eb%aa%85-%ed%96%a5%ed%9b%84-%ed%86%b5%ed%99%94%ec%a0%95","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%9d%bc%ea%b0%80%eb%a5%b4%eb%93%9c-ecb-%ea%b8%88%eb%a6%ac-%eb%8f%99%ea%b2%b0-%ea%b2%b0%ec%a0%95-%eb%b0%b0%ea%b2%bd-%ec%84%a4%eb%aa%85-%ed%96%a5%ed%9b%84-%ed%86%b5%ed%99%94%ec%a0%95\/","title":{"rendered":"\ub77c\uac00\ub974\ub4dc, ECB \uae08\ub9ac \ub3d9\uacb0 \uacb0\uc815 \ubc30\uacbd \uc124\uba85\u2026 \ud5a5\ud6c4 \ud1b5\ud654\uc815\ucc45 \ubc29\ud5a5 \uad00\ub828 \uae30\uc790\ub4e4 \uc9c8\uc758 \uc751\ub2f5"},"content":{"rendered":"

\uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc740 4\uc6d4 \ud1b5\ud654\uc815\ucc45\ud68c\uc758\uc5d0\uc11c \uae08\ub9ac\ub97c \ub3d9\uacb0\ud588\ub2e4. **\uc8fc\uc694 \uc7ac\uc735\uc790\uae08\ub9ac**(\uc911\uc559\uc740\ud589\uc774 \uc2dc\uc911\uc740\ud589\uc5d0 \uc790\uae08\uc744 \ube4c\ub824\uc904 \ub54c \uc801\uc6a9\ud558\ub294 \uae30\uc900\uae08\ub9ac)\ub294 2.15%, **\ud55c\uacc4\ub300\ucd9c\uae08\ub9ac**(\uc740\ud589\uc774 \ud558\ub8e8\uc9dc\ub9ac \uae34\uae09 \uc790\uae08\uc744 \ube4c\ub9b4 \ub54c \uc801\uc6a9\ub418\ub294 \uc0c1\ub2e8 \uae08\ub9ac)\ub294 2.4%, **\uc608\uae08\uae08\ub9ac**(\uc740\ud589\uc774 ECB\uc5d0 \ub3c8\uc744 \ub9e1\uae38 \ub54c \ubc1b\ub294 \uae08\ub9ac\ub85c, \uc2dc\uc7a5\uae08\ub9ac\uc758 \ud575\uc2ec \uae30\uc900)\ub294 2%\ub97c \uc720\uc9c0\ud588\ub2e4.<\/p>\n

\ud06c\ub9ac\uc2a4\ud2f4 \ub77c\uac00\ub974\ub4dc \ucd1d\uc7ac\ub294 \ucd5c\uadfc\uc758 \uc2dc\uc7a5 \ud63c\ub780 \uc774\uc804\uae4c\uc9c0 \uacbd\uc81c\uc5d0 \ud0c4\ub825\uc774 \uc788\uc5c8\uace0, **\ub0b4\uc218 \uc218\uc694**\uac00 \uc131\uc7a5 \ub3d9\ub825\uc73c\ub85c \ub0a8\uc544 \uc788\ub2e4\uace0 \ub9d0\ud588\ub2e4. \ub2e4\ub9cc \uc804\ub9dd\uc740 \ubd88\ud655\uc2e4\uc131\uc774 \ub9e4\uc6b0 \ud06c\uba70, \uc9c0\uc815\ud559\uc801 \uac08\ub4f1\uc774 \uacbd\uc81c\ud65c\ub3d9\uc744 \uc9d3\ub204\ub974\uace0 \uc2e0\ub8b0\uac00 \uc57d\ud654\ub418\ub294 \uac00\uc6b4\ub370 **\uacf5\uae09\ub9dd**(\uc6d0\uc790\uc7ac\u00b7\ubd80\ud488 \uc870\ub2ec\uacfc \uc0dd\uc0b0\u00b7\ubb3c\ub958\uc758 \uc5f0\uacb0 \uad6c\uc870)\ub3c4 \uc555\ubc15\uc744 \ubc1b\uace0 \uc788\ub2e4\uace0 \ubc1d\ud614\ub2e4.<\/p>\n

Energy Costs And Domestic Demand<\/h3>\n

\ub77c\uac00\ub974\ub4dc \ucd1d\uc7ac\ub294 \ub192\uc740 \uc5d0\ub108\uc9c0 \ube44\uc6a9\uc774 \uac00\uacc4 \uc18c\ub4dd\uc744 \uae4e\uace0, \uae30\uc5c5\uacfc \uac00\uacc4\uac00 \ud22c\uc790\ub97c \ub354 \uc8fc\uc800\ud558\uac8c \ub9cc\ub4e4 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4\uace0 \ub9d0\ud588\ub2e4. **\ub178\ub3d9 \uc218\uc694**(\uae30\uc5c5\uc758 \ucc44\uc6a9 \uc218\uc694)\ub294 \ub354 \ub454\ud654\ub410\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4. \ub2e4\ub9cc \uac00\uacc4\ub294 \uc804\ubc18\uc801\uc73c\ub85c \uc7ac\ubb34 \uc0c1\ud0dc\uac00 \uc591\ud638\ud574, \ucd9c\ubc1c\uc810\uc774 \ube44\uad50\uc801 \uc88b\uc544 \ucda9\uaca9\uc744 \uc77c\ubd80 \uc644\ud654\ud560 \uc5ec\uc9c0\uac00 \uc788\ub2e4\uace0 \ud3c9\uac00\ud588\ub2e4.<\/p>\n

ECB\ub294 **\ubb3c\uac00 \uc0c1\uc2b9 \uc704\ud5d8(\uc0c1\ubc29 \uc704\ud5d8)**\uc740 \ucee4\uc9c0\uace0 **\uc131\uc7a5 \ud558\ubc29 \uc704\ud5d8**\ub3c4 \ud655\ub300\ub410\ub2e4\uace0 \ubc1d\ud614\ub2e4. \ub610\ud55c \ub4e4\uc5b4\uc624\ub294 **\uacbd\uc81c\uc9c0\ud45c(\uc2e0\uaddc \ub370\uc774\ud130)**\ub97c \ubc14\ud0d5\uc73c\ub85c \ud68c\uc758 \ub54c\ub9c8\ub2e4 \uc815\ucc45\uc744 \uacb0\uc815\ud558\uaca0\ub2e4\uace0 \ud588\uc73c\uba70, \ud2b9\uc815\ud55c **\uae08\ub9ac \uacbd\ub85c**(\uc55e\uc73c\ub85c \uae08\ub9ac\ub97c \uc5b4\ub5bb\uac8c \uc6c0\uc9c1\uc77c\uc9c0\uc5d0 \ub300\ud55c \uc0ac\uc804 \uc57d\uc18d)\ub97c \ubbf8\ub9ac \ud655\uc815\ud558\uc9c0 \uc54a\ub294\ub2e4\uace0 \uac15\uc870\ud588\ub2e4. \uc544\uc6b8\ub7ec **APP**(\uc790\uc0b0\ub9e4\uc785\ud504\ub85c\uadf8\ub7a8)\uc640 **PEPP**(\ud32c\ub370\ubbf9 \uae34\uae09\ub9e4\uc785\ud504\ub85c\uadf8\ub7a8) \ubcf4\uc720 \uc790\uc0b0\uc740 \uc720\ub85c\uc2dc\uc2a4\ud15c\uc774 \uc6d0\uae08 \uc0c1\ud658\ubd84\uc744 \ub2e4\uc2dc \ud22c\uc790\ud558\uc9c0 \uc54a\uc73c\uba74\uc11c \ucd95\uc18c\ub418\uace0 \uc788\ub2e4\uace0 \uc124\uba85\ud588\ub2e4.<\/p>\n

\ub77c\uac00\ub974\ub4dc \ucd1d\uc7ac\ub294 **\uae30\uc870 \ubb3c\uac00 \uc9c0\ud45c**(\uc77c\uc2dc\uc801 \uc694\uc778\uc744 \uc81c\uc678\ud574 \ubb3c\uac00 \ud750\ub984\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)\uac00 \ud06c\uac8c \ubc14\ub00c\uc9c0 \uc54a\uc558\uace0, **\uc7a5\uae30 \ubb3c\uac00 \uae30\ub300**(\uc55e\uc73c\ub85c \ubb3c\uac00\uac00 \uc5b4\ub290 \uc218\uc900\uc77c \uac83\uc774\ub77c\ub294 \uc2dc\uc7a5\u00b7\uac00\uacc4\uc758 \uc608\uc0c1)\ub294 2% \uc548\ud30e\uc5d0 \uba38\ubb38\ub2e4\uace0 \ub9d0\ud588\ub2e4. \ub2e4\ub9cc \uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \ub2e8\uae30\uc801\uc73c\ub85c \ubb3c\uac00\ub97c 2% \ubaa9\ud45c\ub97c \ud06c\uac8c \uc6c3\ub3cc\uac8c \ub9cc\ub4e4 \uac83\uc774\ub77c\uace0 \ub367\ubd99\uc600\ub2e4. ECB\ub294 6\uc6d4\uc5d0 \uc218\uc815\ub41c **\uc804\ub9dd \uc2dc\ub098\ub9ac\uc624**(\uc131\uc7a5\u00b7\ubb3c\uac00\uc5d0 \ub300\ud55c \uac00\uc815\ubcc4 \uc608\uce21)\ub97c \uacf5\uac1c\ud560 \uc608\uc815\uc774\uba70, 4\uc6d4 \uacb0\uc815\uc740 \ub9cc\uc7a5\uc77c\uce58\uc600\ub2e4\uace0 \ubc1d\ud614\ub2e4.<\/p>\n

\ubc1c\ud45c \uc9c1\ud6c4 **\uc720\ub85c\/\ub2ec\ub7ec(EUR\/USD)** \ud658\uc728\uc740 1.1695\ub85c 0.17% \uc0c1\uc2b9\ud588\ub2e4. 4\uc6d4 **\uc11c\ube44\uc2a4\uc5c5 PMI**(\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218: 50 \uc774\uc0c1\uc774\uba74 \uacbd\uae30 \ud655\uc7a5, 50 \ubbf8\ub9cc\uc774\uba74 \uc704\ucd95)\ub294 47.4\ub85c \uc9d1\uacc4\ub410\ub2e4. \uc2dc\uc7a5\uc740 \uc5f0\ub9d0\uae4c\uc9c0 \uc57d 65bp(0.65%\ud3ec\uc778\ud2b8) \uc218\uc900\uc758 **\uae34\ucd95**(\uae08\ub9ac \uc778\uc0c1 \ub610\ub294 \ud1b5\ud654\uc815\ucc45 \uac15\ud654)\uc744 \ubc18\uc601\ud588\ub2e4.<\/p>\n

April Twenty Twenty Five Retrospective<\/h3>\n

2025\ub144 4\uc6d4 \ub2f9\uc2dc\uc758 \ucf54\uba58\ud2b8\ub97c \ub418\uc9da\uc5b4\ubcf4\uba74, ECB\ub294 \ub192\uc740 \uc5d0\ub108\uc9c0 \uac00\uaca9\uacfc \ucee4\uc9c0\ub294 \ubb3c\uac00 \uc704\ud5d8 \uc18d\uc5d0\uc11c \ubd88\ud655\uc2e4\uc131\uc5d0 \uac07\ud600 \uc788\uc5c8\ub2e4. \uadf8\ub54c\uc758 \uae08\ub9ac \ub3d9\uacb0\uc740 \u201c\ub9e4\ud30c\uc801 \ub3d9\uacb0\u201d\ub85c \ud3c9\uac00\ub410\ub2e4. \uc774\ub294 \ud544\uc694\ud558\uba74 \uae08\ub9ac\ub97c \uc62c\ub9b4 \uc218 \uc788\ub2e4\ub294 \uc2e0\ud638\ub85c, \uc131\uc7a5 \uc704\ud5d8\uc740 \ud558\ubc29\uc73c\ub85c, \ubb3c\uac00 \uc704\ud5d8\uc740 \uc0c1\ubc29\uc73c\ub85c \uae30\uc6b8\uc5b4 \uc788\ub358 \uc5b4\ub824\uc6b4 \uad6d\uba74\uc744 \ubc18\uc601\ud588\ub2e4.<\/p>\n

\uc6b0\ub9ac\ub294 \uc774\uc81c ECB\uac00 \uadf8 \ub9e4\ud30c\uc801 \uae30\uc870\ub97c \uc2e4\uc81c\ub85c \uc2e4\ud589\ud574 2025\ub144 \ud558\ubc18\uae30 \uc5ec\ub7ec \ucc28\ub840 \uae08\ub9ac\ub97c \uc62c\ub824 \ubb3c\uac00\ub97c \uc5b5\uc81c\ud558\ub824 \ud588\ub2e4\ub294 \uc810\uc744 \uc54c\uace0 \uc788\ub2e4. \uadf8 \uae34\ucd95 \uc0ac\uc774\ud074\ub85c \uc608\uae08\uae08\ub9ac\ub294 3.75%\uae4c\uc9c0 \uc62c\ub77c\uac14\uace0, \uc774\ud6c4 \uba87 \ub2ec\uac04 \uadf8 \uc218\uc900\uc744 \uc720\uc9c0\ud574 \uc654\ub2e4. \uc9c0\ub09c\ud574\uc758 \uc870\uce58\ub294 2025\ub144 4\uc6d4 \ud68c\uc758\uc5d0\uc11c \ub17c\uc758\ub41c \ubb3c\uac00 \uc555\ub825\uc5d0 \ub300\ud55c \uc9c1\uc811\uc801\uc778 \ub300\uc751\uc774\uc5c8\ub2e4.<\/p>\n

\ud604\uc7ac(2026\ub144 4\uc6d4 30\uc77c)\ub294 \uc0c1\ud669\uc774 \ud06c\uac8c \ub2ec\ub77c\uc84c\ub2e4. \uc720\ub85c\uc874 \ubb3c\uac00\ub294 \ub208\uc5d0 \ub744\uac8c \ub454\ud654\ub410\uace0, 4\uc6d4 \uc18d\ubcf4\uce58 \uae30\uc900 **\ud5e4\ub4dc\ub77c\uc778 \ubb3c\uac00**(\uc804\uccb4 \ubb3c\uac00\uc0c1\uc2b9\ub960)\ub294 2.4%\ub85c 2% \ubaa9\ud45c\uc5d0 \uadfc\uc811\ud588\ub2e4. \ubc18\uba74 \uc131\uc7a5\uc138\ub294 \uc57d\ud574, \uc720\ub85c\uc9c0\uc5ed\uc740 \uc62c\ud574 1\ubd84\uae30 0.3% \uc131\uc7a5\uc73c\ub85c \uac00\uae4c\uc2a4\ub85c \uacbd\ubbf8\ud55c \uacbd\uae30 \uce68\uccb4\uc5d0\uc11c \ubc97\uc5b4\ub09c \uc218\uc900\uc774\ub2e4.<\/p>\n

\uc774\ub7f0 \ud658\uacbd\uc5d0\uc11c **\ud30c\uc0dd\uc0c1\ud488**(\uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc5d0 \uc5f0\ub3d9\ub418\ub294 \uacc4\uc57d) \ud22c\uc790\uc790\ub294 \uc55e\uc73c\ub85c \ubc1c\ud45c\ub420 \ubb3c\uac00\u00b7\uc784\uae08 \uc9c0\ud45c \uc804\ud6c4\ub85c \ubcc0\ub3d9\uc131\uc774 \ucee4\uc9c8 \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud574\uc57c \ud55c\ub2e4. ECB\uac00 6\uc6d4 \uc774\ub974\uba74 **\uae08\ub9ac \uc778\ud558** \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud55c \ub9cc\ud07c, \uc774\ub97c \ud754\ub4dc\ub294 \ub370\uc774\ud130\uac00 \ub098\uc624\uba74 \uc2dc\uc7a5\uc774 \ud06c\uac8c \uc6c0\uc9c1\uc77c \uc218 \uc788\ub2e4. **\uc2a4\ud2b8\ub798\ub4e4**(\uac19\uc740 \ub9cc\uae30\u00b7\ud589\uc0ac\uac00\uc758 \ucf5c\uc635\uc158\uacfc \ud48b\uc635\uc158\uc744 \ub3d9\uc2dc\uc5d0 \ub9e4\uc218\ud574 \ud070 \ubcc0\ub3d9\uc131\uc5d0 \ubca0\ud305\ud558\ub294 \uc804\ub7b5)\ucc98\ub7fc \uc720\ub85c\uc2a4\ud1a1\uc2a450\uc774\ub098 \uc720\ub85c\ud654 \uc635\uc158\uc744 \ud65c\uc6a9\ud574 \uc774\ub7f0 \u2018\ucd9c\ub801\uc784\u2019\uc744 \ub178\ub9ac\ub294 \uc811\uadfc\uc774 \uac00\ub2a5\ud558\ub2e4.<\/p>\n

\ud575\uc2ec \uac70\ub798 \uc544\uc774\ub514\uc5b4\ub294 ECB\uc640 \ub2e4\ub978 \uc911\uc559\uc740\ud589, \ud2b9\ud788 \ubbf8\uad6d \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed) \uac04 \uc815\ucc45 \ucc28\uc774\uc5d0 \ucd08\uc810\uc774 \ub9de\ucdb0\uc9c8 \uc804\ub9dd\uc774\ub2e4. ECB \uae08\ub9ac \uc778\ud558 \uae30\ub300\uac00 \ucee4\uc9c0\uba74 **\uae08\ub9ac\ucc28**(\uad6d\uac00 \uac04 \uae30\uc900\uae08\ub9ac \uaca9\ucc28)\ub294 \uc720\ub85c\uc5d0 \ubd88\ub9ac\ud558\uac8c \uc6c0\uc9c1\uc77c \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4. \uc774\ub294 EUR\/USD \uc57d\uc138 \ucabd \ud3ec\uc9c0\uc158\uc744 \uc2dc\uc0ac\ud558\uba70, 2025\ub144 \ucd08 1.17 \uc218\uc900\uacfc \ub2ec\ub9ac \ud604\uc7ac\ub294 1.07 \ubd80\uadfc\uc5d0\uc11c \uac70\ub798\ub41c\ub2e4\ub294 \uc810\uc774 \ub300\ube44\ub41c\ub2e4.<\/p>\n

\ub610\ud55c ECB \uc815\ucc45\uc758 \ud5a5\ud6c4 \uacbd\ub85c\ub97c \ubc18\uc601\ud558\ub294 **\uae08\ub9ac \ud30c\uc0dd\uc0c1\ud488**\uc5d0 \uc8fc\ubaa9\ud560 \ud544\uc694\uac00 \uc788\ub2e4. **\uc720\ub9ac\ubcf4(Euribor)** \ub610\ub294 **\u20acSTR \uc120\ubb3c**(\uc720\ub85c \ub2e8\uae30\uae08\ub9ac \uae30\ub300\ub97c \ubc18\uc601\ud558\ub294 \uc120\ubb3c)\uc740 \uc62c\uc5ec\ub984\ubd80\ud130 \uc5f0\uc18d\uc801\uc778 \uc778\ud558\uac00 \uc2dc\uc791\ub41c\ub2e4\ub294 \uc2dc\uc7a5 \uae30\ub300\ub97c \ubc18\uc601\ud558\uace0 \uc788\ub2e4. \uc5ec\uae30\uc11c\uc758 \ud3ec\uc9c0\uc154\ub2dd\uc740 \uc644\ud654(\uae08\ub9ac \uc778\ud558) \uc0ac\uc774\ud074\uc758 \uc2dc\uc791 \uc2dc\uc810\uacfc \uc18d\ub3c4\uc5d0 \ubca0\ud305\ud558\ub294 \uac83\uc774\uba70, \uc774\uac83\uc774 \ud5a5\ud6c4 \uba87 \uc8fc\uac04 \ud575\uc2ec \uc7c1\uc810\uc774 \ub420 \uc804\ub9dd\uc774\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201c\ub9e4\ud30c\uc801 \ub3d9\uacb0\u201d \uc7ac\ud604\ub418\ub098. ECB, 4\uc6d4 \uae08\ub9ac(\uc7ac\uc735\uc790 2.15%\u00b7\uc608\uae08 2% \ub4f1) \ub3d9\uacb0\u2026\uc5d0\ub108\uc9c0\ubc1c \ubb3c\uac00 \uc0c1\ubc29\u00b7\uc131\uc7a5 \ud558\ubc29 \uacbd\uace0. 6\uc6d4 \uc804\ub9dd\u00b7\uc778\ud558 \uc2dc\uadf8\ub110\uc5d0 \uc720\ub85c\u00b7\uae08\ub9ac \ud30c\uc0dd \ubcc0\ub3d9\uc131 \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-45903","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\/45903","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=45903"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45903\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}