\uae08 \uac00\uaca9\uc740 \ud2b8\ub85c\uc774\uc628\uc2a4\ub2f9 4,560\ub2ec\ub7ec\uae4c\uc9c0 \ucd5c\ub300 2% \ud558\ub77d\ud588\ub2e4. \uc804\ub0a0 \ud558\ub77d\uc774 \uc2dc\uc791\ub418\uae30 \uc804 \uc57d 4,700\ub2ec\ub7ec \uc218\uc900\uc5d0\uc11c \ub0b4\ub824\uc628 \uac83\uc774\ub2e4. \uc774\ubc88 \uc6c0\uc9c1\uc784\uc740 4\uc6d4 \ubbf8\uad6d \uc0dd\uc0b0\uc790\ubb3c\uac00\uc9c0\uc218(PPI\u00b7\uae30\uc5c5\uc774 \ubb3c\uac74\uc744 \ub9cc\ub4e4 \ub54c \ub4dc\ub294 \ube44\uc6a9 \uc218\uc900\uc744 \ubcf4\uc5ec\uc8fc\ub294 \ubb3c\uac00 \uc9c0\ud45c)\uac00 \uc608\uc0c1\ubcf4\ub2e4 \uac15\ud558\uac8c \ub098\uc628 \ub370\ub2e4, \uc2dc\uc7a5\uc758 \uae08\ub9ac \uc804\ub9dd\uc774 \ubc14\ub010 \uc601\ud5a5\uc774 \ucef8\ub2e4.<\/p>\n
\uc2dc\uc7a5\uc740 \ubbf8\uad6d\uc758 \ud1b5\ud654\uae34\ucd95(\uc911\uc559\uc740\ud589\uc774 \uae08\ub9ac\ub97c \uc62c\ub9ac\uac70\ub098 \uc720\ub3d9\uc131\uc744 \uc904\uc774\ub294 \uc815\ucc45) \uac00\ub2a5\uc131\uc744 \ub354 \ud06c\uac8c \ubc18\uc601\ud558\uace0 \uc788\ub2e4. \uc5f0\ub9d0\uae4c\uc9c0 \ubbf8\uad6d \uae30\uc900\uae08\ub9ac\uac00 15bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8\u00b70.01%\ud3ec\uc778\ud2b8) \uc624\ub97c \uac83\uc73c\ub85c \uac00\uaca9\uc5d0 \ubc18\uc601\ub410\uace0, 2027\ub144 3\uc6d4\uae4c\uc9c0\ub294 25bp(0.25%\ud3ec\uc778\ud2b8) \uc778\uc0c1\uc774 \uc644\uc804\ud788 \ubc18\uc601\ub410\ub2e4.<\/p>\n
\ubbf8\uad6d \uad6d\ucc44 \uae08\ub9ac(\uad6d\ucc44 \uc218\uc775\ub960)\ub3c4 \uc62c\ub790\ub2e4. 10\ub144\ubb3c \uae08\ub9ac\ub294 4.54%\ub85c 1\ub144 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\ub2e4. \uc774\ub294 \uc804\uc8fc\ubcf4\ub2e4 \uc57d 20bp \ub192\uc740 \uc218\uc900\uc73c\ub85c, \uae08\uc744 \ubcf4\uc720\ud560 \ub54c\uc758 \uae30\ud68c\ube44\uc6a9(\ub2e4\ub978 \uc790\uc0b0\uc5d0 \ud22c\uc790\ud588\uc744 \ub54c \uc5bb\uc744 \uc218 \uc788\ub294 \uc218\uc775\uc744 \ud3ec\uae30\ud558\ub294 \ube44\uc6a9)\uc744 \ud0a4\uc6e0\ub2e4.<\/p>\n
\uc778\ub3c4\uc5d0\uc11c\ub294 \uae08 \uc218\uc785\uc138\uac00 6%\uc5d0\uc11c 15%\ub85c \uc62c\ub790\uace0, \uc2e4\ubb3c \uc218\uc694(\uc2e4\uc81c\ub85c \uae08\uc744 \uc0ac\uc11c \ubcf4\uc720\ud558\ub824\ub294 \uc218\uc694)\uac00 \uc904\uc5b4\ub4e4 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4. \uc778\ub3c4\uc758 \uae08 \uc218\uc785\uc740 \uc774\ubbf8 \uc138\uae08 \uc778\uc0c1 \uc601\ud5a5\uc73c\ub85c 4\uc6d4\uc5d0 30\ub144 \ub9cc\uc758 \ucd5c\uc800\uce58\ub85c \ub5a8\uc5b4\uc84c\uc73c\uba70, \ucd94\uac00 \uac10\uc18c \uac00\ub2a5\uc131\ub3c4 \uc788\ub2e4.<\/p>\n
2025\ub144\uc73c\ub85c \ub3cc\uc544\ubcf4\uba74, \uc2dc\uc7a5\uc740 \uc774\ud6c4 \ud604\uc2e4\ud654\ub41c \uae08\ub9ac \uc778\uc0c1\uc744 \ubbf8\ub9ac \ubc18\uc601\ud558\uae30 \uc2dc\uc791\ud588\uace0, \uc5f0\uc900(Fed\u00b7\ubbf8\uad6d \uc911\uc559\uc740\ud589)\uc740 2026\ub144 \ucd08 25bp \uc778\uc0c1\uc744 \ub2e8\ud589\ud588\ub2e4. \uadf8 \uacb0\uacfc \uae08 \uac00\uaca9\uc740 \ub20c\ub9b0 \ud750\ub984\uc744 \uc774\uc5b4\uac00\uba70 \ud604\uc7ac \uc628\uc2a4\ub2f9 \uc57d 4,610\ub2ec\ub7ec\uc5d0\uc11c \uac70\ub798\ub418\uace0 \uc788\ub2e4. \uc9c0\ub09c\ud574 \uc9c0\uc801\ub410\ub358 \u2018\uae08\ub9ac \uc778\uc0c1 \uc804\ub9dd \uac15\ud654\u2019\ub77c\ub294 \uc5ed\ud48d\uc774 \uc5ec\uc804\ud788 \uc774\uc5b4\uc9c0\uace0 \uc788\ub2e4.<\/p>\n
\uae08 \ubcf4\uc720\uc758 \uae30\ud68c\ube44\uc6a9\uc740 \ub354 \ucee4\uc84c\ub2e4. 10\ub144\ubb3c \ubbf8\uad6d \uad6d\ucc44 \uae08\ub9ac\uac00 4.65% \ubd80\uadfc\uc5d0\uc11c \uc6c0\uc9c1\uc774\uba74\uc11c, \uc218\uc775\uc744 \ub178\ub9ac\ub294 \ud22c\uc790\uc790\uc5d0\uac8c\ub294 \uad6d\ucc44\uac00 \ub354 \ub9e4\ub825\uc801\uc778 \uc548\uc804\uc790\uc0b0(\ubd88\ud655\uc2e4\uc131\uc774 \ucee4\uc9c8 \ub54c \uc790\uae08\uc774 \ubab0\ub9ac\ub294 \uc790\uc0b0)\uc73c\ub85c \ubcf4\uc778\ub2e4. \uc9c0\ub09c\uc8fc \ubc1c\ud45c\ub41c 4\uc6d4 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI\u00b7\uc18c\ube44\uc790\uac00 \uc2e4\uc81c\ub85c \uc0ac\ub294 \uc0c1\ud488\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9\uc758 \ubcc0\ud654\ub97c \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)\ub294 3.6%\ub85c \uc608\uc0c1\ubcf4\ub2e4 \ub192\uc558\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc5f0\uc900\uc774 \ub2f9\ubd84\uac04 \uae08\ub9ac\ub97c \ub0b4\ub9ac\uae30 \uc5b4\ub835\ub2e4\ub294 \uc2dc\uac01\uc774 \uac15\ud654\ub410\ub2e4. \uc774\ub7f0 \uac70\uc2dc\ud658\uacbd(\uacbd\uc81c \uc804\ubc18\uc758 \ud070 \ud750\ub984)\uc740 \uc774\uc790\ub97c \uc8fc\uc9c0 \uc54a\ub294 \uc790\uc0b0(\ube44\uc774\uc790 \uc790\uc0b0)\uc778 \uae08\uc5d0 \uacc4\uc18d \ubd80\ub2f4\uc73c\ub85c \uc791\uc6a9\ud560 \uc218 \uc788\ub2e4.<\/p>\n
\uc778\ub3c4\uc758 \ud070 \ud3ed \uc218\uc785\uc138 \uc778\uc0c1\uc740 \uc2e4\ubb3c \uc218\uc694\ub97c \uacc4\uc18d \ub204\ub974\uace0 \uc788\ub2e4. 2026\ub144 1\ubd84\uae30 \uacf5\uc2dd \uc218\uc785 \ud1b5\uacc4\ub294 \uc804\ub144 \ub3d9\uae30 \ub300\ube44 18% \uac10\uc18c\ub97c \ubcf4\uc5ec \uc18c\ube44 \uc704\ucd95\uc774 \uc774\uc5b4\uc9c0\uace0 \uc788\uc74c\uc744 \ud655\uc778\ud588\ub2e4. \uc774\ub294 2013~2016\ub144\uc5d0\ub3c4 \uc138\uae08 \uc778\uc0c1\uc73c\ub85c \uacf5\uc2dd \uc218\uc694\uac00 \ud06c\uac8c \uc904\uc5c8\ub358 \ud750\ub984\uacfc \ube44\uc2b7\ud558\ub2e4.<\/p>\n
\uc774\ub7f0 \ud658\uacbd\uc5d0\uc11c\ub294 \ud5a5\ud6c4 \uc218\uc8fc\uac04 \ucd94\uac00 \ud558\ub77d \ub610\ub294 \ubc15\uc2a4\uad8c(\uc77c\uc815 \ubc94\uc704\uc5d0\uc11c \ub4f1\ub77d\ud558\ub294 \ud750\ub984) \uac00\ub2a5\uc131\uc744 \uc5fc\ub450\uc5d0 \ub454 \ub300\uc751\uc774 \ud544\uc694\ud558\ub2e4. \uae08 \uc120\ubb3c\uc5d0 \ub300\ud574 4,500\ub2ec\ub7ec \uc9c0\uc9c0\uc120 \uc544\ub798 \ud589\uc0ac\uac00(\ub9cc\uae30 \ub54c \uc801\uc6a9\ub418\ub294 \ub9e4\ub9e4 \uae30\uc900 \uac00\uaca9)\ub97c \uac00\uc9c4 \ud48b\uc635\uc158(\uac00\uaca9 \ud558\ub77d \uc2dc \uc774\uc775\uc774 \ub098\ub294 \uad8c\ub9ac)\uc744 \ub9e4\uc218\ud558\uba74, \uae08\ub9ac \uc778\uc0c1 \uc6b0\ub824\ub85c \ucd94\uac00 \ud558\ub77d\uc774 \ub098\uc62c \ub54c \uc218\uc775\uc744 \ub178\ub9b4 \uc218 \uc788\ub2e4. \uc774 \uc804\ub7b5\uc740 \uc2dc\uc7a5\uc774 \uc608\uc0c1\uacfc \ub2ec\ub9ac \ubc18\ub4f1\ud574\ub3c4 \uc190\uc2e4\uc774 \uc635\uc158 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9)\uc73c\ub85c \uc81c\ud55c\ub418\ub294 \uc7a5\uc810\uc774 \uc788\ub2e4.<\/p>\n
\ud6a1\ubcf4\ub97c \uc608\uc0c1\ud55c\ub2e4\uba74 \ucd5c\uadfc \uc800\ud56d\uc120\uc778 4,750\ub2ec\ub7ec \uc704 \ud589\uc0ac\uac00\uc758 \ucf5c\uc635\uc158(\uac00\uaca9 \uc0c1\uc2b9 \uc2dc \uc774\uc775\uc774 \ub098\ub294 \uad8c\ub9ac)\uc744 \ub9e4\ub3c4\ud574 \ud504\ub9ac\ubbf8\uc5c4 \uc218\uc785\uc744 \uc5bb\ub294 \uc804\ub7b5\ub3c4 \uac00\ub2a5\ud558\ub2e4. \ub2ec\ub7ec \uac15\uc138\ub3c4 \uae08\uc758 \uc0c1\ub2e8\uc744 \uc81c\ud55c\ud55c\ub2e4. \ub2ec\ub7ec\ub294 \uc8fc\uc694 \ud1b5\ud654 \ub300\ube44 6\uac1c\uc6d4 \ucd5c\uace0\uce58\uae4c\uc9c0 \uc62c\ub790\ub2e4. \ub2ec\ub7ec\uac00 \uac15\ud558\uba74 \uc77c\ubc18\uc801\uc73c\ub85c \ub2ec\ub7ec\ub85c \uac70\ub798\ub418\ub294 \uae08 \uac00\uaca9\uc5d0\ub294 \ubd80\ub2f4\uc774 \ub41c\ub2e4. \uc774 \ub54c\ubb38\uc5d0 \uc678\uac00\uaca9(out-of-the-money\u00b7\ud604\uc7ac \uac00\uaca9\uc5d0\uc11c \ubc14\ub85c \uc774\uc775\uc774 \ub098\uc9c0 \uc54a\ub294) \ucf5c\uc635\uc158 \ub9e4\ub3c4\uac00 \ub9e4\ub825\uc801\uc73c\ub85c \ubcf4\uc77c \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"
\uae08\uac12 4,560\ub2ec\ub7ec\ub85c 2% \uae09\ub77d\u2026\ubbf8 PPI\u00b7CPI \uac15\uc138\uc5d0 \u2018\uae08\ub9ac \uc778\uc0c1\u2019 \ubca0\ud305 \ud655\ub300, 10\ub144\ubb3c 1\ub144 \ucd5c\uace0\u00b7\ub2ec\ub7ec \uac15\uc138\uae4c\uc9c0 \uacb9\ucce4\ub2e4. \uc778\ub3c4 \uc218\uc785\uc138 \uc778\uc0c1\uc73c\ub85c \uc218\uc694\ub3c4 \ub454\ud654. \uc635\uc158\uc73c\ub85c \ud558\ubc29\u00b7\ud6a1\ubcf4 \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-46802","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\/46802","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=46802"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/46802\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=46802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=46802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=46802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}