{"id":46613,"date":"2026-05-13T08:54:15","date_gmt":"2026-05-13T08:54:15","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%b9%8c%eb%a5%b4%eb%a3%a8%ec%95%84-%ea%b7%bc%ec%9b%90-%eb%ac%bc%ea%b0%80-%ec%95%95%eb%a0%a5-%ec%a7%80%ec%86%8d-%ec%8b%9c-ecb-2%ec%b0%a8-%eb%ac%bc%ea%b0%80-%ec%83%81%ec%8a%b9-%eb%8c%80\/"},"modified":"2026-05-13T08:54:15","modified_gmt":"2026-05-13T08:54:15","slug":"%eb%b9%8c%eb%a5%b4%eb%a3%a8%ec%95%84-%ea%b7%bc%ec%9b%90-%eb%ac%bc%ea%b0%80-%ec%95%95%eb%a0%a5-%ec%a7%80%ec%86%8d-%ec%8b%9c-ecb-2%ec%b0%a8-%eb%ac%bc%ea%b0%80-%ec%83%81%ec%8a%b9-%eb%8c%80","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%b9%8c%eb%a5%b4%eb%a3%a8%ec%95%84-%ea%b7%bc%ec%9b%90-%eb%ac%bc%ea%b0%80-%ec%95%95%eb%a0%a5-%ec%a7%80%ec%86%8d-%ec%8b%9c-ecb-2%ec%b0%a8-%eb%ac%bc%ea%b0%80-%ec%83%81%ec%8a%b9-%eb%8c%80\/","title":{"rendered":"\ube4c\ub974\ub8e8\uc544 \u201c\uadfc\uc6d0 \ubb3c\uac00 \uc555\ub825 \uc9c0\uc18d \uc2dc ECB, 2\ucc28 \ubb3c\uac00 \uc0c1\uc2b9 \ub300\uc751 \ub098\uc124 \uc218\ub3c4\u201d\u2026\uc720\ub85c\ud654 \uc18c\ud3ed \ud558\ub77d"},"content":{"rendered":"

\ud504\ub791\uc218\uc544 \ube4c\ub974\ub8e8\uc544 \ub4dc \uac08\ub85c \ud504\ub791\uc2a4 \uc911\uc559\uc740\ud589 \ucd1d\uc7ac \uacb8 \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB) **\ud1b5\ud654\uc815\ucc45\uc774\uc0ac\ud68c(Governing Council) \uc704\uc6d0**\uc740 \uc911\uc559\uc740\ud589\uc774 **2\ucc28 \ud6a8\uacfc(second-round effects)**\uc5d0 \ub300\uc751\ud560 \uc900\ube44\uac00 \ub3fc \uc788\uc5b4\uc57c \ud55c\ub2e4\uace0 \ub9d0\ud588\ub2e4.
\n(2\ucc28 \ud6a8\uacfc\ub294 \uc6d0\uc790\uc7ac\u00b7\uc5d0\ub108\uc9c0 \uac00\uaca9 \uc0c1\uc2b9 \uac19\uc740 1\ucc28 \ucda9\uaca9\uc774 **\uc784\uae08 \uc778\uc0c1**\uc73c\ub85c \ubc88\uc9c0\uace0, \ub2e4\uc2dc **\uc11c\ube44\uc2a4\u00b7\uc81c\ud488 \uac00\uaca9**\uc744 \ub04c\uc5b4\uc62c\ub824 \ubb3c\uac00 \uc0c1\uc2b9\uc774 \uace0\ucc29\ub418\ub294 \ud604\uc0c1\uc744 \ub73b\ud55c\ub2e4.)<\/p>\n

\uadf8\ub294 **\uadfc\uc6d0\ubb3c\uac00(core inflation)**\uc5d0 \ub300\ud55c \uc815\ubcf4\uac00 \uc544\uc9c1 \ucda9\ubd84\ud558\uc9c0 \uc54a\ub2e4\uace0 \ubc1d\ud614\ub2e4.
\n(\uadfc\uc6d0\ubb3c\uac00\ub294 \ubcc0\ub3d9\uc774 \ud070 **\uc5d0\ub108\uc9c0\u00b7\uc2dd\ub8cc\ud488 \uac00\uaca9\uc744 \uc81c\uc678\ud55c \ubb3c\uac00**\ub85c, \ubb3c\uac00\uc758 \u2018\uae30\ucd08 \uccb4\ub825\u2019\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c\ub2e4.)<\/p>\n

\uc791\uc131 \uc2dc\uc810 \uae30\uc900 EUR\/USD\ub294 1.1730\uc73c\ub85c, \ub2f9\uc77c 0.08% \ud558\ub77d\ud588\ub2e4.<\/p>\n

Implications For Ecb Policy<\/h3>\n

ECB\ub294 2\ucc28 \ubb3c\uac00 \ud6a8\uacfc\ub97c \ub9c9\uae30 \uc704\ud574 \uac1c\uc785\ud560 \uc900\ube44\uac00 \ud544\uc694\ud558\ub2e4. 2026\ub144 4\uc6d4 \ucd5c\uc2e0 \ud1b5\uacc4\uc5d0\uc11c **\ud5e4\ub4dc\ub77c\uc778 \ubb3c\uac00(headline inflation)**\uac00 2.8%\ub85c \ub2e4\uc2dc \uc62c\ub77c \uc784\uae08 \uc0c1\uc2b9\uc774 \uc18c\ube44\uc790\ubb3c\uac00\ub85c \uc804\uac00\ub41c\ub2e4\ub294 \uc6b0\ub824\uac00 \ucee4\uc84c\ub2e4.
\n(\ud5e4\ub4dc\ub77c\uc778 \ubb3c\uac00\ub294 **\uc804\uccb4 \uc18c\ube44\uc790\ubb3c\uac00 \uc0c1\uc2b9\ub960**\uc744 \ub9d0\ud55c\ub2e4.)
\n\uc774\ub294 ECB\uc758 \ub2e4\uc74c \uacb0\uc815\uc744 \uc88c\uc6b0\ud560 \ud575\uc2ec \ubcc0\uc218\ub85c, **\ubb3c\uac00\ubaa9\ud45c 2%\ub97c \ucd08\uacfc\ud558\ub294 \uc0c1\ud669**\uc744 \uc5b4\ub290 \uc815\ub3c4\uae4c\uc9c0 \uc6a9\uc778\ud560\uc9c0\uac00 \uc2dc\ud5d8\ub300\uc5d0 \uc62c\ub790\ub2e4.<\/p>\n

\uadfc\uc6d0\ubb3c\uac00\ub294 \uc2dc\uc7a5 \uae30\ub300\uc640 \ub2ec\ub9ac 3.1%\ub85c \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud558\uace0 \uc788\ub2e4. \uc774\ub294 \uae30\ucd08\uc801\uc778 \ubb3c\uac00 \uc555\ub825\uc774 \uac15\ud558\ub2e4\ub294 \ub73b\uc73c\ub85c, ECB\uac00 **\ucd94\uac00 \uae08\ub9ac \uc778\ud558**\ub97c \uace0\ubbfc\ud558\uae30 \uc5b4\ub835\uac8c \ub9cc\ub4e0\ub2e4.
\n(\uae08\ub9ac \uc778\ud558\ub294 \uacbd\uae30 \ubd80\uc591 \ubaa9\uc801\uc774\uc9c0\ub9cc, \ubb3c\uac00\uac00 \ub192\uc73c\uba74 \uc778\ud558 \uc5ec\uc9c0\uac00 \uc904\uc5b4\ub4e0\ub2e4.)<\/p>\n

What It Means For Traders<\/h3>\n

\uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc774\ub7f0 **\uae34\ucd95 \uc131\ud5a5(hawkish)** \ubcc0\ud654\uac00 \uc720\ub85c\ud654\uc5d0 \uc6b0\ud638\uc801\uc774\ub2e4.
\n(\uae34\ucd95 \uc131\ud5a5\uc740 \ubb3c\uac00\ub97c \uc7a1\uae30 \uc704\ud574 **\uae08\ub9ac\ub97c \ub192\uac8c \uc720\uc9c0**\ud558\ub824\ub294 \ud0dc\ub3c4\ub97c \ub9d0\ud55c\ub2e4.)
\n\uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc774 \ucee4\uc9c8 \uc218 \uc788\uc5b4 **\uc635\uc158(option)**\uc744 \ud65c\uc6a9\ud55c \ub300\uc751\uc774 \uc720\ud6a8\ud558\ub2e4. \uc635\uc158\uc740 \ud2b9\uc815 \uc2dc\uc810\uc5d0 \ubbf8\ub9ac \uc815\ud55c \uac00\uaca9\uc73c\ub85c \uc0ac\uace0\ud314 \uc218 \uc788\ub294 \uad8c\ub9ac\ub85c, \ubc29\ud5a5\uc744 \ub9de\ud788\uae30 \uc5b4\ub835\uac70\ub098 \ubcc0\ub3d9\uc131 \ud655\ub300\uac00 \uc608\uc0c1\ub420 \ub54c \ub9ac\uc2a4\ud06c \uad00\ub9ac\uc5d0 \uc4f0\uc778\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

ECB \u20182\ucc28 \ubb3c\uac00\ud6a8\uacfc\u2019 \uacbd\uacc4\ub4f1: \ube4c\ub974\ub8e8\uc544 \u201c\ub300\uc751 \uc900\ube44\u201d \uac15\uc870. \ud5e4\ub4dc\ub77c\uc778 2.8%\u00b7\uadfc\uc6d0 3.1%\ub85c \ubaa9\ud45c 2% \uc0c1\ud68c \uc9c0\uc18d, \ucd94\uac00 \uae08\ub9ac\uc778\ud558 \uc81c\uc57d. \uc720\ub85c \uac15\uc138\u00b7\ubcc0\ub3d9\uc131 \ud655\ub300\uc5d0 \uc635\uc158 \ub300\uc751.<\/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-46613","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\/46613","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=46613"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/46613\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=46613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=46613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=46613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}