{"id":46373,"date":"2026-05-07T04:24:20","date_gmt":"2026-05-07T04:24:20","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%9d%bc%eb%b3%b8%ec%9d%80%ed%96%89-%ed%9a%8c%ec%9d%98%eb%a1%9d-%ec%9c%a0%ea%b0%80%eb%b0%9c-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%eb%a6%ac%ec%8a%a4%ed%81%ac%ec%97%90-%ec%97%94%ed%99%94\/"},"modified":"2026-05-07T04:24:20","modified_gmt":"2026-05-07T04:24:20","slug":"%ec%9d%bc%eb%b3%b8%ec%9d%80%ed%96%89-%ed%9a%8c%ec%9d%98%eb%a1%9d-%ec%9c%a0%ea%b0%80%eb%b0%9c-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%eb%a6%ac%ec%8a%a4%ed%81%ac%ec%97%90-%ec%97%94%ed%99%94","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%9d%bc%eb%b3%b8%ec%9d%80%ed%96%89-%ed%9a%8c%ec%9d%98%eb%a1%9d-%ec%9c%a0%ea%b0%80%eb%b0%9c-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%eb%a6%ac%ec%8a%a4%ed%81%ac%ec%97%90-%ec%97%94%ed%99%94\/","title":{"rendered":"\uc77c\ubcf8\uc740\ud589 \ud68c\uc758\ub85d, \uc720\uac00\ubc1c \uc778\ud50c\ub808\uc774\uc158 \ub9ac\uc2a4\ud06c\uc5d0 \uc5d4\ud654 \uc8fc\ubaa9 \uc18d \u2018\uae08\ub9ac \uc778\uc0c1 \uc18d\ub3c4\u2019 \ub450\uace0 \uc704\uc6d0\ub4e4 \uc758\uacac \uc5c7\uac08\ub824"},"content":{"rendered":"

\uc77c\ubcf8\uc740\ud589(BOJ) 3\uc6d4 \ud68c\uc758 \uc758\uc0ac\ub85d\uc5d0 \ub530\ub974\uba74, \uc5ec\ub7ec \uc815\ucc45\uc704\uc6d0\uc740 \uc815\ucc45\uae08\ub9ac\ub97c 0.75%\ub85c \uc720\uc9c0\ud558\ub294 \uac83\uc774 \uc801\uc808\ud558\ub2e4\uace0 \ud310\ub2e8\ud588\ub2e4. \uc77c\ubd80 \uc704\uc6d0\uc740 \uc911\ub3d9 \uc815\uc138 \ubd88\ud655\uc2e4\uc131\uc744 \uace0\ub824\ud560 \ub54c \uae08\ub9ac \ub3d9\uacb0\uc774 \ud0c0\ub2f9\ud558\ub2e4\uace0\ub3c4 \uc5b8\uae09\ud588\ub2e4.<\/p>\n

\uc704\uc6d0\ub4e4\uc740 \uc720\uac00 \uc0c1\uc2b9\uc5d0 \ub530\ub978 \uc778\ud50c\ub808\uc774\uc158(\ubb3c\uac00 \uc0c1\uc2b9) \uc704\ud5d8\uacfc \ubb3c\uac00\uac00 \ub2e4\uc2dc \uc624\ub97c \uac00\ub2a5\uc131(\uc7ac\uc0c1\uc2b9 \uac00\ub2a5\uc131)\uc744 \ub17c\uc758\ud588\ub2e4. \uc5ec\ub7ec \uc704\uc6d0\uc740 \uc77c\uc2dc\uc801\uc778 \uacf5\uae09 \ucda9\uaca9(\uc6d0\uc790\uc7ac\u00b7\ubb3c\ub958 \ub4f1 \uacf5\uae09 \uc694\uc778\uc73c\ub85c \uac00\uaca9\uc774 \ub2e8\uae30\uc5d0 \uae09\ub4f1\ud558\ub294 \ud604\uc0c1)\uc740 \uc131\uae09\ud788 \ubc18\uc751\ud558\uae30\ubcf4\ub2e4 \uc2dc\uac04\uc744 \ub450\uace0 \ubcfc \ud544\uc694\uac00 \uc788\ub2e4\uace0 \ud588\uc9c0\ub9cc, \ucda9\uaca9\uc774 \uc9c0\uc18d\ub418\uace0 2\ucc28 \ud30c\uae09\ud6a8\uacfc(\uc784\uae08\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9 \ub4f1 \ub2e4\ub978 \uac00\uaca9\uc73c\ub85c \ubc88\uc9c0\ub294 \ud604\uc0c1)\uac00 \ub098\ud0c0\ub098\uba74 \uadfc\uc6d0\ubb3c\uac00(\ubcc0\ub3d9\uc131\uc774 \ud070 \uc5d0\ub108\uc9c0\u00b7\uc2e0\uc120\uc2dd\ud488\uc744 \uc81c\uc678\ud574 \ubb3c\uac00\uc758 \uae30\uc870\ub97c \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)\uc5d0 \ucd08\uc810\uc744 \ub9de\ucd98 \ub300\uc751\uc774 \ud544\uc694\ud558\ub2e4\uace0 \uac15\uc870\ud588\ub2e4.<\/p>\n

Policy Rate Outlook<\/h3>\n

\uc77c\ubd80 \uc704\uc6d0\uc740 \uacbd\uae30\uc640 \ubb3c\uac00\uac00 \uac1c\uc120\ub418\ub294 \ub9cc\ud07c BOJ\uac00 \uae08\ub9ac\ub97c \uacc4\uc18d \uc62c\ub824\uc57c \ud55c\ub2e4\uace0 \ud588\uace0, \ud55c \uc704\uc6d0\uc740 \uc2e4\uc9c8\uae08\ub9ac(\uba85\ubaa9\uae08\ub9ac\uc5d0\uc11c \ubb3c\uac00\uc0c1\uc2b9\ub960\uc744 \ube80 \uac12)\uac00 \ud06c\uac8c \uc74c\uc218\uc778 \uc0c1\ud0dc\ub97c \uc870\uc18d\ud788 \uc870\uc815\ud574\uc57c \ud55c\ub2e4\uace0 \ub9d0\ud588\ub2e4. \ub2e4\ub978 \uc704\uc6d0\ub4e4\uc740 \uc778\uc0c1\uc774 \uc9c0\uc5f0\ub418\uba74 \uc774\ud6c4 \ube60\ub974\uace0 \ud070 \ud3ed\uc758 \uae34\ucd95(\ud1b5\ud654\uc815\ucc45\uc744 \ud1b5\ud574 \uae08\uc735\uc5ec\uac74\uc744 \uc870\uc774\ub294 \uc815\ucc45)\uc774 \ubd88\uac00\ud53c\ud574\uc9c8 \uc218 \uc788\uc73c\uba70, \uc911\ub3d9 \ubd84\uc7c1\uc774 \uc7a5\uae30\ud654\ub420 \uacbd\uc6b0 \uae08\ub9ac \uc778\uc0c1 \uc18d\ub3c4\ub97c \ub192\uc77c \ud544\uc694\uac00 \uc788\ub2e4\uace0 \uc9c0\uc801\ud588\ub2e4.<\/p>\n

\ud55c \uc704\uc6d0\uc740 \uacfc\uac70\uc758 \uae08\ub9ac \uc778\uc0c1\uc774 \uacbd\uae30 \ubd80\uc591 \ud6a8\uacfc(\uc644\ud654\uc801 \uc815\ucc45\uc774 \uc18c\ube44\u00b7\ud22c\uc790\uc5d0 \ubbf8\uce58\ub294 \uae0d\uc815\uc801 \uc601\ud5a5)\ub97c \uc57d\ud654\uc2dc\ucf30\ub2e4\ub294 \uadfc\uac70\uac00 \uc5c6\ub2e4\uace0 \ub9d0\ud588\ub2e4. \ub610 \ub2e4\ub978 \uc704\uc6d0\uc740 \uc774\uc804 \uc778\uc0c1 \uc774\ud6c4\uc5d0\ub3c4 \uae08\uc735\uc5ec\uac74\uc774 \uc5ec\uc804\ud788 \uc644\ud654\uc801\uc778\uc9c0(\uc790\uae08\uc870\ub2ec\uc774 \uc26c\uc6b4\uc9c0) \ub2e4\uc74c \ud68c\uc758\ubd80\ud130 \uc810\uac80\ud574\uc57c \ud55c\ub2e4\uace0 \ubc1d\ud614\ub2e4.<\/p>\n

\uc7ac\ubb34\uc131(MOF) \uad00\uacc4\uc790\ub294 \uc5d0\ub108\uc9c0 \ube44\uc6a9 \uae09\ub4f1\uc774 \uacbd\uc81c\uc5d0 \uc545\uc601\ud5a5\uc744 \uc904 \uc218 \uc788\ub2e4\uace0 \uacbd\uace0\ud558\uba70 \uc2dc\uc7a5\uc744 \uba74\ubc00\ud788 \ubaa8\ub2c8\ud130\ub9c1\ud560 \uac83\uc744 \ucd09\uad6c\ud588\ub2e4. \uc758\uc0ac\ub85d \uacf5\uac1c \uc774\ud6c4 \ub2ec\ub7ec\/\uc5d4 \ud658\uc728(USD\/JPY)\uc740 0.04% \uc624\ub978 156.45\ub97c \uae30\ub85d\ud588\ub2e4.<\/p>\n

BOJ\ub294 \ubb3c\uac00\uc0c1\uc2b9\ub960 \ubaa9\ud45c\ub97c 2% \uc548\ud30e\uc73c\ub85c \ub450\uace0 \uc788\uc73c\uba70, 2013\ub144\ubd80\ud130 QQE(\uc591\uc801\u00b7\uc9c8\uc801 \uae08\uc735\uc644\ud654: \uad6d\ucc44 \ub4f1\uc744 \ub300\uaddc\ubaa8\ub85c \uc0ac\ub4e4\uc774\uace0 \ud1b5\ud654\uacf5\uae09\uc744 \ub298\ub824 \uc7a5\uae30\uae08\ub9ac\uc640 \uae30\ub300\uc778\ud50c\ub808\uc774\uc158\uc744 \ub0ae\ucd94\ub824\ub294 \uc815\ucc45)\ub97c \ud1b5\ud574 \ucd08\uc644\ud654 \uc815\ucc45\uc744 \uc2dc\uc791\ud588\ub2e4. 2016\ub144\uc5d0\ub294 \ub9c8\uc774\ub108\uc2a4\uae08\ub9ac(\uc740\ud589\uc774 \uc911\uc559\uc740\ud589\uc5d0 \ub9e1\uae34 \uc77c\ubd80 \uc790\uae08\uc5d0 \uc218\uc218\ub8cc \uc131\uaca9\uc758 \uae08\ub9ac\ub97c \ubd80\uacfc)\uc640 YCC(\uc218\uc775\ub960\uace1\uc120 \ud1b5\uc81c: \ud2b9\uc815 \ub9cc\uae30 \uad6d\ucc44\uae08\ub9ac\uac00 \uc77c\uc815 \ubc94\uc704\uc5d0\uc11c \uc6c0\uc9c1\uc774\ub3c4\ub85d \uad6d\ucc44 \ub9e4\uc785\u00b7\ub9e4\ub3c4\ub97c \ud1b5\ud574 \uad00\ub9ac)\ub97c \ub3c4\uc785\ud588\ub2e4. \uc774\ud6c4 2024\ub144 3\uc6d4 \uae08\ub9ac\ub97c \uc778\uc0c1\ud558\uba70 \ucd08\uc644\ud654 \uae30\uc870\uc5d0\uc11c \ubc97\uc5b4\ub0ac\ub2e4.<\/p>\n

Market Implications<\/h3>\n

\uc77c\ubcf8\uc740\ud589\uc740 2025\ub144\uc5d0 \ubcf4\uc600\ub358 \uc2e0\uc911\ud55c \ud0dc\ub3c4\uc5d0\uc11c \ubc97\uc5b4\ub098 \uae08\ub9ac \uc778\uc0c1 \uc18d\ub3c4\ub97c \ub354 \ube60\ub974\uac8c \uac00\uc838\uac08 \uc218 \uc788\ub2e4\ub294 \uc2e0\ud638\ub97c \ubd84\uba85\ud788 \ubcf4\ub0b4\uace0 \uc788\ub2e4. 2026\ub144 4\uc6d4 \ub3c4\ucfc4 \uadfc\uc6d0 CPI(\ub3c4\ucfc4 \uc9c0\uc5ed\uc758 \uc5d0\ub108\uc9c0\u00b7\uc2e0\uc120\uc2dd\ud488\uc744 \uc81c\uc678\ud55c \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218)\uac00 2.9%\ub85c \ub098\uc624\uba74\uc11c, \uc778\ud50c\ub808\uc774\uc158\uc774 \uc608\uc0c1\ubcf4\ub2e4 \ub354 \uc27d\uac8c \uaebe\uc774\uc9c0 \uc54a\ub294 \ubaa8\uc2b5\uc774\ub2e4. \uc774\uc5d0 \ub530\ub77c \u2018\uc815\ucc45\uc774 \ubb3c\uac00 \ud750\ub984\uc744 \ub530\ub77c\uc7a1\uc9c0 \ubabb\ud560 \uc218 \uc788\ub2e4\u2019\ub294 \uc704\uc6d0\ub4e4\uc758 \ub0b4\ubd80 \uc6b0\ub824\ub294 \ud604\uc7ac \uc2dc\uc7a5\uc5d0\uc11c\ub3c4 \uc911\uc694\ud55c \ubcc0\uc218\ub85c \ub5a0\uc62c\ub790\ub2e4.<\/p>\n

\ub530\ub77c\uc11c \ud5a5\ud6c4 \uc218\uc8fc\uac04 \uc5d4\ud654 \uac15\uc138 \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud55c \ud3ec\uc9c0\uc158\uc744 \uace0\ub824\ud560 \ud544\uc694\uac00 \uc788\ub2e4. \ud604\uc7ac 156.45 \uc218\uc900\uc758 \ub2ec\ub7ec\/\uc5d4 \ud658\uc728\uc740 \uc774\ub7f0 \ub9e4\ud30c\uc801(\uae08\ub9ac \uc778\uc0c1\uc5d0 \uc801\uadf9\uc801\uc778) \ud45c\ud604\uc744 \uac10\uc548\ud560 \ub54c \ud558\ubc29 \uc704\ud5d8\uc774 \ucee4 \ubcf4\uc774\uba70, \ub2e4\ub978 \uc8fc\uc694 \uc911\uc559\uc740\ud589\ub4e4\uc774 \uae08\ub9ac \uc778\uc0c1 \uc0ac\uc774\ud074(\uc5f0\uc18d\uc801\uc778 \uae08\ub9ac \uc778\uc0c1 \uad6d\uba74) \ub9c9\ubc14\uc9c0\uc5d0 \uc811\uadfc\ud558\uace0 \uc788\ub2e4\ub294 \uc810\ub3c4 \uc5d4\ud654\uc5d0 \uc720\ub9ac\ud558\uac8c \uc791\uc6a9\ud560 \uc218 \uc788\ub2e4. 150~152 \uc218\uc900\uc73c\ub85c \ud558\ub77d\ud560 \ub54c \uc774\uc775\uc774 \ub098\ub294 \uc635\uc158 \uc804\ub7b5(\ub9cc\uae30 \ub0b4 \ud2b9\uc815 \uac00\uaca9 \ubcc0\ub3d9\uc5d0 \ubca0\ud305\ud558\ub294 \ud30c\uc0dd\uc0c1\ud488 \uc6b4\uc6a9)\ub3c4 \uac80\ud1a0 \ub300\uc0c1\uc774 \ub420 \uc218 \uc788\ub2e4.<\/p>\n

\uc774 \uc804\ub9dd\uc740 \uc77c\ubcf8 \uad6d\ucc44 \uc218\uc775\ub960(\uad6d\ucc44 \uae08\ub9ac) \uc0c1\uc2b9\ub3c4 \uc2dc\uc0ac\ud55c\ub2e4. 2025\ub144 \ub0b4\ub0b4 \uae34\ucd95 \uc18d\ub3c4\uac00 \ub290\ub838\ub358 \ud0d3\uc5d0, \uc2dc\uc7a5\uc740 \uc77c\ubd80 \uc704\uc6d0\uc774 \uac15\uc870\ud55c \u2018\uae34\ubc15\ud568\u2019\uc744 \ucda9\ubd84\ud788 \ubc18\uc601\ud558\uc9c0 \ubabb\ud55c \uc0c1\ud0dc\uc77c \uc218 \uc788\ub2e4. \uc2dc\uc7a5\uc774 \ubcf4\ub2e4 \uacf5\uaca9\uc801\uc778 \uae34\ucd95 \uacbd\ub85c\ub97c \uc608\uc0c1\ud558\uae30 \uc2dc\uc791\ud558\uba74, JGB(\uc77c\ubcf8 \uad6d\ucc44) \uc120\ubb3c \ub9e4\ub3c4 \ud3ec\uc9c0\uc158(\uac00\uaca9 \ud558\ub77d \uc2dc \uc774\uc775\uc744 \ubcf4\ub294 \uac70\ub798)\ub3c4 \uace0\ub824\ud560 \uc218 \uc788\ub2e4.<\/p>\n

\ud55c \uc704\uc6d0\uc774 \uc5b8\uae09\ud55c \uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158(\uacbd\uae30 \ub454\ud654\uc640 \ubb3c\uac00 \uc0c1\uc2b9\uc774 \ub3d9\uc2dc\uc5d0 \ub098\ud0c0\ub098\ub294 \ud604\uc0c1) \uc704\ud5d8\uc740, 2026\ub144 4\uc6d4 \ub0b4\ub0b4 \ube0c\ub80c\ud2b8\uc720(\ubd81\ud574\uc0b0 \uc6d0\uc720 \uae30\uc900\uac00\uaca9)\uac00 \ubc30\ub7f4\ub2f9 95\ub2ec\ub7ec\ub97c \uc6c3\ub3cc\uba70 \ub0b4\ub824\uc624\uc9c0 \uc54a\ub294 \uc0c1\ud669\uc5d0\uc11c \ud604\uc2e4\uc801\uc778 \uc704\ud611\uc73c\ub85c \ud3c9\uac00\ub41c\ub2e4. \uc774\ub7ec\ud55c \ubd88\ud655\uc2e4\uc131\uacfc \uc704\uc6d0\ub4e4 \uac04 \uacac\ud574 \ucc28\uc774\ub294 \uc2dc\uc7a5 \ubcc0\ub3d9\uc131(\uac00\uaca9\uc774 \ud06c\uac8c \uc624\ub974\ub0b4\ub9ac\ub294 \uc815\ub3c4) \ud655\ub300 \uac00\ub2a5\uc131\uc744 \ub192\uc778\ub2e4. \uc5d4\ud654 \ubcc0\ub3d9\uc131 \ub9e4\uc218(\uae09\uaca9\ud55c \ud658\uc728 \ubcc0\ub3d9\uc5d0\uc11c \uc774\uc775\uc744 \ubcf4\ub294 \uc804\ub7b5)\ub294 BOJ\uc758 \uac11\uc791\uc2a4\ub7fd\uace0 \ud070 \ud3ed\uc758 \uc815\ucc45 \uc870\uc815\uc5d0 \ub300\ube44\ud55c \ud5e4\uc9c0(\uc190\uc2e4\uc744 \uc904\uc774\uae30 \uc704\ud55c \ubc29\uc5b4 \uac70\ub798)\uac00 \ub420 \uc218 \uc788\ub2e4.<\/p>\n

\ub300\uc678 \uc694\uc778\ubfd0 \uc544\ub2c8\ub77c, \ucd5c\uadfc \ub9c8\ubb34\ub9ac\ub41c \ucd98\ud22c(\uc77c\ubcf8\uc758 \ubd04\ucca0 \uc784\uae08\ud611\uc0c1)\uc5d0\uc11c \ud3c9\uade0 4.1% \uc784\uae08 \uc778\uc0c1\ub960\uc774 \ud655\uc815\ub418\uba70 \ubb3c\uac00\ub97c \ubc00\uc5b4\uc62c\ub9b4 \uad6d\ub0b4 \uc694\uc778\ub3c4 \uac15\ud654\ub410\ub2e4. \uc774\ub294 \uc5ec\ub7ec \uc704\uc6d0\uc774 \uc8fc\uc7a5\ud55c \u2018\uc8fc\uc800 \uc5c6\uc774\u2019 \ub300\uc751\ud560 \uba85\ubd84\uc744 BOJ\uc5d0 \uc81c\uacf5\ud55c\ub2e4. \ubb3c\uac00 \uc704\ud5d8\uc5d0 \ub300\ud574 BOJ\uac00 \ub4a4\ucc98\uc9c8 \uac00\ub2a5\uc131\uc740 \ube60\ub974\uac8c \ub0ae\uc544\uc9c0\ub294 \ud750\ub984\uc73c\ub85c \ubcf4\uc778\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

BOJ 3\uc6d4 \uc758\uc0ac\ub85d: \ub2e4\uc218 \uc704\uc6d0, \uae30\uc900\uae08\ub9ac 0.75% \ub3d9\uacb0 \uc9c0\uc9c0 \uc18d \uc720\uac00\ubc1c \ubb3c\uac00 \uc7ac\uc0c1\uc2b9\u00b72\ucc28\ud6a8\uacfc \uacbd\uacc4. \uc77c\ubd80\ub294 \uc74c(-)\uc2e4\uc9c8\uae08\ub9ac \uc870\uc815 \uc704\ud574 \uc778\uc0c1 \uac00\uc18d \uc2dc\uc0ac, \uc5d4\uac15\uc138\u00b7JGB\uae08\ub9ac \uc0c1\uc2b9 \ucd09\uac01.<\/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-46373","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\/46373","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=46373"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/46373\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=46373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=46373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=46373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}