{"id":46128,"date":"2026-05-04T20:24:25","date_gmt":"2026-05-04T20:24:25","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/bnp%ed%8c%8c%eb%a6%ac%eb%b0%94-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8%eb%93%a4-%ec%98%81%ea%b5%ad-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%98%81%eb%9e%80%ec%9d%80\/"},"modified":"2026-05-04T20:24:25","modified_gmt":"2026-05-04T20:24:25","slug":"bnp%ed%8c%8c%eb%a6%ac%eb%b0%94-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8%eb%93%a4-%ec%98%81%ea%b5%ad-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%98%81%eb%9e%80%ec%9d%80","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/bnp%ed%8c%8c%eb%a6%ac%eb%b0%94-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8%eb%93%a4-%ec%98%81%ea%b5%ad-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%98%81%eb%9e%80%ec%9d%80\/","title":{"rendered":"BNP\ud30c\ub9ac\ubc14 \uc774\ucf54\ub178\ubbf8\uc2a4\ud2b8\ub4e4 \u201c\uc601\uad6d \uc778\ud50c\ub808\uc774\uc158, \uc601\ub780\uc740\ud589 \uae34\ucd95 \uc9c0\uc18d \ub4b7\ubc1b\uce68\u201d\u2026\uc131\uc7a5\ub960\uc740 \ubd84\uae30\ubcc4 \uc0c1\uc2b9\uc138 \ub454\ud654\ub85c 2026\ub144\uae4c\uc9c0 \uc808\ubc18\uc73c\ub85c \uac10\uc18c \uc804\ub9dd"},"content":{"rendered":"

BNP\ud30c\ub9ac\ubc14 \uc774\ucf54\ub178\ubbf8\uc2a4\ud2b8\ub4e4\uc740 \uc601\uad6d \uc131\uc7a5\ub960\uc774 2025\ub144 1.4%\uc5d0\uc11c 2026\ub144 0.7%\ub85c \ub454\ud654\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4. \ubd84\uae30 \uc131\uc7a5\ub960\uc740 1\ubd84\uae30 \uc804\ubd84\uae30 \ub300\ube44 +0.4% \uc608\uc0c1 \uc774\ud6c4 \uc57d 0.1% \uc218\uc900\uc5d0 \uba38\ubb3c \uac83\uc73c\ub85c \ub0b4\ub2e4\ubd24\ub2e4.<\/p>\n

\ubb3c\uac00\uc0c1\uc2b9\ub960(\uc778\ud50c\ub808\uc774\uc158)\uc740 \uc774\ub780 \uc804\uc7c1 \uc601\ud5a5\uc73c\ub85c \uc804\ub144 \ub300\ube44 3.6%\uae4c\uc9c0 \uc624\ub97c \uac83\uc73c\ub85c \uc608\uc0c1\ub410\ub2e4. \uc774\ud6c4 2027\ub144\uc5d0\ub294 \uc804\ub144 \ub300\ube44 3.3%\ub85c \uc810\uc9c4\uc801\uc73c\ub85c \ub0ae\uc544\uc9c0\uaca0\uc9c0\ub9cc, \uc601\ub780\uc740\ud589(BoE) \ubaa9\ud45c\uce58(2%)\ub294 \uacc4\uc18d \uc6c3\ub3cc \uac83\uc73c\ub85c \uc804\ub9dd\ub410\ub2e4.<\/p>\n

Uk Growth And Inflation Outlook<\/h3>\n

\ud1b5\ud654\uc815\ucc45\uc740 \uc644\ud654(\uae08\ub9ac \uc778\ud558)\ub85c \uc804\ud658\ud558\uae30\ubcf4\ub2e4 2026\ub144\uc5d0 50bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8, 0.01%p) \ucd94\uac00 \uae34\ucd95(\uae08\ub9ac \uc778\uc0c1)\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ub410\ub2e4. 10\ub144 \ub9cc\uae30 \uad6d\ucc44(\uae38\ud2b8\u00b7gilt) \uae08\ub9ac\ub294 2026\ub144\uc5d0\ub3c4 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud55c \ub4a4 2027\ub144 4.30%\ub85c \ud558\ub77d\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ub410\ub2e4.<\/p>\n

\uc5d4\ud654\uc640 \ud30c\uc6b4\ub4dc\ud654\ub294 2026~2027\ub144\uc5d0 \ub2ec\ub7ec \ub300\ube44 \uc548\uc815\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ub410\ub2e4. 2026\ub144 4\ubd84\uae30 \uae30\uc900 \uc804\ub9dd\uce58\ub294 \ub2ec\ub7ec\/\uc5d4(USD\/JPY) 160, \ud30c\uc6b4\ub4dc\/\ub2ec\ub7ec(GBP\/USD) 1.35\ub2e4.<\/p>\n

\ucd5c\uadfc \uc601\uad6d \ud1b5\uacc4\uccad(ONS) \ubc1c\ud45c\uc5d0\uc11c 1\ubd84\uae30 \uc131\uc7a5\ub960\uc774 0.2%\uc5d0 \uadf8\uce58\uba70 \uacbd\uae30 \ub454\ud654 \uc2e0\ud638\uac00 \ub69c\ub837\ud574\uc9c0\uace0 \uc788\ub2e4. \uc774\ub7f0 \uc57d\uc138\ub294 \ubb3c\uac00 \uace0\ucc29\ud654\uc640 \ud568\uaed8 \ub098\ud0c0\ub098\uace0 \uc788\uc73c\uba70, 3\uc6d4 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc740 3.5%\ub85c \uc62c\ub77c \ub2f9\uc0ac\uac00 \uc608\uc0c1\ud558\ub294 \uc815\uc810 3.6%\uc5d0 \uadfc\uc811\ud588\ub2e4. \uc131\uc7a5 \ub454\ud654\uc640 \ubb3c\uac00 \uc0c1\uc2b9\uc774 \ub3d9\uc2dc\uc5d0 \ub098\ud0c0\ub098\ub294 \u2018\uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158(\uacbd\uae30 \uce68\uccb4+\uace0\ubb3c\uac00)\u2019 \ud658\uacbd\uc744 \uc5fc\ub450\uc5d0 \ub450\uace0 \uc601\uad6d \uc790\uc0b0 \uad00\ub828 \ud30c\uc0dd\uc0c1\ud488(\ubbf8\ub798 \uac00\uaca9\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \ubcc0\ud558\ub294 \uae08\uc735\uc0c1\ud488) \uc804\ub7b5\uc744 \uc9dc\uc57c \ud55c\ub2e4\ub294 \ud3c9\uac00\ub2e4.<\/p>\n

Rates And Gilt Market Implications<\/h3>\n

\uc774 \uac19\uc740 \ubb3c\uac00 \uc555\ub825\uc73c\ub85c \uc2dc\uc7a5\uc740 2025\ub144\uc5d0 \uae30\ub300\ud588\ub358 \uae08\ub9ac \uc778\ud558\ub97c \ub354 \uc774\uc0c1 \ubc18\uc601\ud558\uc9c0 \uc54a\uace0 \uc788\ub2e4. \ub300\uc2e0 \uc18c\ub2c8\uc544(Sonia) \uc120\ubb3c(\uc601\uad6d \ubb34\ub2f4\ubcf4 \uc775\uc77c \uae08\ub9ac \uc9c0\ud45c\ub97c \uae30\ucd08\ub85c \ud55c \uae08\ub9ac \uc120\ubb3c)\uc740 \uc5f0\ub9d0\uae4c\uc9c0 \uc601\ub780\uc740\ud589\uc774 \ucd5c\uc18c \ub450 \ucc28\ub840(\uac01 25bp) \uae08\ub9ac\ub97c \uc62c\ub9b4 \uac83\uc774\ub77c\ub294 \uae30\ub300\ub97c \uc644\uc804\ud788 \ubc18\uc601\ud558\uace0 \uc788\ub2e4. \ud2b8\ub808\uc774\ub354\ub294 \uae08\ub9ac \uc2a4\uc651(\uace0\uc815\uae08\ub9ac\uc640 \ubcc0\ub3d9\uae08\ub9ac\ub97c \uad50\ud658\ud558\ub294 \uacc4\uc57d)\uc5d0\uc11c \uace0\uc815\uae08\ub9ac \uc9c0\uae09(pay fixed) \ud3ec\uc9c0\uc158\uc73c\ub85c \uae08\ub9ac \uc778\uc0c1 \uad6d\uba74\uc5d0\uc11c \uc218\uc775\uc744 \ub178\ub9ac\ub294 \uc804\ub7b5\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4.<\/p>\n

\uc601\uad6d \uad6d\ucc44 \uc2dc\uc7a5\uc740 \uc5f0\ub9d0\uae4c\uc9c0 \uae08\ub9ac\uac00 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud560 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4. 10\ub144\ubb3c \uae38\ud2b8 \uae08\ub9ac\uac00 \ud604\uc7ac \uc57d 4.6%\uc5d0\uc11c \uac70\ub798\ub418\ub294 \uac00\uc6b4\ub370, 2027\ub144 \uae08\ub9ac \uc778\ud558 \uae30\ub300\uac00 \ud615\uc131\ub418\uae30 \uc804\uae4c\uc9c0\ub294 \ucc44\uad8c \uac00\uaca9 \uae09\ub4f1(\ucc44\uad8c \ub7a0\ub9ac) \uc5ec\uc9c0\uac00 \uc81c\ud55c\uc801\uc774\ub77c\ub294 \ud310\ub2e8\uc774\ub2e4. \ub2e8\uae30\uc801\uc73c\ub85c\ub294 \uac00\uaca9\uc774 \ubc18\ub4f1\ud560 \ub54c \uae38\ud2b8 \uc120\ubb3c\uc744 \ub9e4\ub3c4(\uc120\ubb3c \ub9e4\ub3c4\ub294 \uac00\uaca9 \ud558\ub77d \uc2dc \uc774\uc775)\ud558\ub294 \uc804\ub7b5\uc774 \uc720\ud6a8\ud560 \uc218 \uc788\ub2e4\uace0 \ubd24\ub2e4.<\/p>\n

\uacbd\uae30 \ub454\ud654\uc640 \uae08\ub9ac \uc0c1\uc2b9\uc758 \uc870\ud569\uc740 \uc601\uad6d \uc8fc\uc2dd\uc2dc\uc7a5\uc5d0\ub3c4 \ubd80\ub2f4\uc774\ub2e4. 1\ubd84\uae30\uc5d0 \uae30\uc5c5\ub4e4\uc758 \uc2e4\uc801 \uacbd\uace0(\uc774\uc775 \uc804\ub9dd \ud558\ud5a5)\uac00 \ub298\uc5c8\uace0, \ucc28\uc785 \ube44\uc6a9(\uc774\uc790 \ubd80\ub2f4) \uc0c1\uc2b9\uc774 \uc774\uc775\ub960(\ub9c8\uc9c4)\uc744 \uc555\ubc15\ud558\uba74\uc11c \uc774\ub7f0 \ud750\ub984\uc774 \uc774\uc5b4\uc9c8 \uc218 \uc788\ub2e4\ub294 \uc804\ub9dd\uc774\ub2e4. \uc774\uc5d0 \ub530\ub77c FTSE100 \ud48b\uc635\uc158(\uc9c0\uc218 \ud558\ub77d \uc2dc \uac00\uce58\uac00 \uc624\ub974\ub294 \uc635\uc158) \ub9e4\uc218\ub294 \ud5e4\uc9c0(\uc704\ud5d8 \ud68c\ud53c) \ub610\ub294 \uc57d\uc138 \ubca0\ud305 \uc218\ub2e8\uc774 \ub420 \uc218 \uc788\ub2e4.<\/p>\n

\ud30c\uc6b4\ub4dc\ud654\ub294 \uacbd\uae30 \ubd80\uc9c4\uacfc \ub9e4\ud30c\uc801(\uae08\ub9ac \uc778\uc0c1\uc5d0 \uc801\uadf9\uc801\uc778) \uc911\uc559\uc740\ud589 \uc0ac\uc774\uc5d0\uc11c \ud798\uaca8\ub8e8\uae30 \uc591\uc0c1\uc774\ub2e4. \uc131\uc7a5 \uc804\ub9dd\uc740 \ub098\uc058\uc9c0\ub9cc, \uae08\ub9ac \uc0c1\uc2b9 \uac00\ub2a5\uc131\uc774 \ud558\ub2e8\uc744 \uc9c0\uc9c0\ud574 \uc5f0\ub9d0 GBP\/USD 1.35\ub97c \ubaa9\ud45c\ub85c \uc81c\uc2dc\ud588\ub2e4. \ud1b5\ud654\uac00 \ubc15\uc2a4\uad8c(\uc881\uc740 \ubc94\uc704\uc5d0\uc11c \ub4f1\ub77d) \ud750\ub984\uc744 \ubcf4\uc77c \uc218 \uc788\uc5b4, \uc635\uc158\uc744 \ud65c\uc6a9\ud574 \ud558\ub77d \ubcc0\ub3d9\uc131(\ud558\ub77d \ubc29\ud5a5 \ubcc0\ub3d9\uc131)\uc744 \ub9e4\ub3c4\ud574 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9)\uc744 \ubc1b\ub294 \uc804\ub7b5\uc774 \uc0c1\ub300\uc801\uc73c\ub85c \ud569\ub9ac\uc801\uc77c \uc218 \uc788\ub2e4\ub294 \ud310\ub2e8\uc774\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

BNP \u201c\uc601\uad6d \uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158 \uacbd\uace0\u201d: 2026 \uc131\uc7a5 0.7%\ub85c \ub454\ud654, \ubb3c\uac00 3.6% \uc815\uc810 \ud6c4 3%\ub300 \uc9c0\uc18d. BoE 50bp \ucd94\uac00 \uae34\ucd95 \uac00\ub2a5, \uae38\ud2b8 \uace0\uae08\ub9ac\u00b7\ub798\ub9ac \uc81c\ud55c. GBP\/USD 1.35.<\/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-46128","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\/46128","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=46128"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/46128\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=46128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=46128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=46128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}