{"id":47250,"date":"2026-05-21T23:17:59","date_gmt":"2026-05-21T23:17:59","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%8a%a4%ed%83%a0%eb%8b%a4%eb%93%9c%ec%b0%a8%ed%83%80%eb%93%9c-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98%c2%b7%eb%a3%a8%ed%94%bc%ed%99%94-%ec%95%95%eb%a0%a5-%ed%99%95%eb%8c%80\/"},"modified":"2026-05-21T23:17:59","modified_gmt":"2026-05-21T23:17:59","slug":"%ec%8a%a4%ed%83%a0%eb%8b%a4%eb%93%9c%ec%b0%a8%ed%83%80%eb%93%9c-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98%c2%b7%eb%a3%a8%ed%94%bc%ed%99%94-%ec%95%95%eb%a0%a5-%ed%99%95%eb%8c%80","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%8a%a4%ed%83%a0%eb%8b%a4%eb%93%9c%ec%b0%a8%ed%83%80%eb%93%9c-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98%c2%b7%eb%a3%a8%ed%94%bc%ed%99%94-%ec%95%95%eb%a0%a5-%ed%99%95%eb%8c%80\/","title":{"rendered":"\uc2a4\ud0e0\ub2e4\ub4dc\ucc28\ud0c0\ub4dc \u201c\uc778\ud50c\ub808\uc774\uc158\u00b7\ub8e8\ud53c\ud654 \uc555\ub825 \ud655\ub300\u2026\uc778\ub3c4\uc911\uc559\uc740\ud589, 2026\/27\ud68c\uacc4\uc5f0\ub3c4 \uae30\uc900\uae08\ub9ac 5.75%\ub85c \uc778\uc0c1 \uc804\ub9dd\u201d"},"content":{"rendered":"<p>\uc2a4\ud0e0\ub2e4\ub4dc\ucc28\ud0c0\ub4dc \uc774\ucf54\ub178\ubbf8\uc2a4\ud2b8\ub4e4\uc740 \uc778\ub3c4\uc911\uc559\uc740\ud589(RBI)\uc774 FY27(2027\ub144 3\uc6d4 \uc885\ub8cc \ud68c\uacc4\uc5f0\ub3c4)\uc5d0 **\ub808\ud3ec\uae08\ub9ac(\uc911\uc559\uc740\ud589\uc774 \uc2dc\uc911\uc740\ud589\uc5d0 \ub2e8\uae30 \uc790\uae08\uc744 \ube4c\ub824\uc904 \ub54c \uc801\uc6a9\ud558\ub294 \uae30\uc900\uae08\ub9ac)**\ub97c \ub3d9\uacb0(5.25%)\uc774 \uc544\ub2c8\ub77c **50bp(0.50%\ud3ec\uc778\ud2b8) \uc778\uc0c1\ud574 5.75%**\ub85c \uc62c\ub9b4 \uac83\uc73c\ub85c \uc804\ub9dd\uc744 \uc218\uc815\ud588\ub2e4. \uc740\ud589\uc740 \uc804\ub9dd \ubcc0\uacbd \ubc30\uacbd\uc73c\ub85c **\uc778\ud50c\ub808\uc774\uc158 \uae30\ub300(\ud5a5\ud6c4 \ubb3c\uac00\uac00 \uc624\ub97c \uac83\uc774\ub77c\ub294 \uc2dc\uc7a5\u00b7\uac00\uacc4\uc758 \uc608\uc0c1)** \uc0c1\uc2b9, **\ub8e8\ud53c\ud654 \uc57d\uc138**, **\uae00\ub85c\ubc8c \uad6d\ucc44\uae08\ub9ac(\uc218\uc775\ub960) \uc0c1\uc2b9 \uc555\ub825**\uc744 \uc9c0\ubaa9\ud588\ub2e4.<\/p>\n<p>FY27 **CPI(\uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218, \uac00\uacc4\uac00 \uad6c\ub9e4\ud558\ub294 \uc0c1\ud488\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9\uc758 \ud3c9\uade0 \ubcc0\ub3d9)** \uc804\ub9dd\uce58\ub294 **4.7%\u21924.9%**\ub85c, **4\ubd84\uae30 \ud6c4 CPI \uc804\ub9dd(\ud5a5\ud6c4 1\ub144 \ub4a4 \ubb3c\uac00 \uc804\ub9dd)**\uc740 **4.7%\u21925.1%**\ub85c \uc0c1\ud5a5\ud588\ub2e4. \uc774\ub294 \uc9c0\ub09c\ud574 CPI 2.1%\uc640 \ube44\uad50\ub418\uba70, RBI\uc758 \ubb3c\uac00 \ubaa9\ud45c \ubc94\uc704\ub294 2~6%, \uc911\uae30 \ubaa9\ud45c\ub294 4%\ub2e4.<\/p>\n<h3>Rupee Weakness And Policy Implications<\/h3>\n<p>\ub8e8\ud53c\/\ub2ec\ub7ec \ud658\uc728\uc740 **96.80**\uc73c\ub85c, 6\uc6d4 \ub9d0 \uc804\ub9dd\uce58 93\uc744 \uc6c3\ub3cc\uace0 \uc788\uc73c\uba70, \uc774 \uac19\uc740 \uc57d\uc138\uac00 **\ud30c\uae09\ud6a8\uacfc(\ud658\uc728 \uc0c1\uc2b9\uc774 \uc218\uc785\ubb3c\uac00\ub97c \uc62c\ub9ac\uace0 \uc804\ubc18 \ubb3c\uac00\ub85c \ubc88\uc9c0\ub294 \uc601\ud5a5)**\ub97c \ud1b5\ud574 CPI \uc704\ud5d8\uc744 \ud0a4\uc6b4\ub2e4\ub294 \ud3c9\uac00\ub2e4. \uc740\ud589\uc740 **\ud1b5\ud654\uc815\ucc45\uc704\uc6d0\ud68c(MPC, \uae08\ub9ac \ub4f1 \ud1b5\ud654\uc815\ucc45\uc744 \uacb0\uc815\ud558\ub294 \uae30\uad6c)**\uac00 6\uc6d4 \ud68c\uc758\ubd80\ud130 \uc778\uc0c1\uc744 \uc2dc\uc791\ud560 \uac83\uc73c\ub85c \ub0b4\ub2e4\ubd24\ub2e4.<\/p>\n<p>50bp \uc778\uc0c1\uc740 6\uc6d4\uacfc 8\uc6d4\ub85c \ub098\ub220 \ub2e8\ud589\ud558\uac70\ub098, 6\uc6d4\uc744 \uac74\ub108\ub6f0\uba74 8\uc6d4\uc5d0 \ub2e8\ud589\ub420 \uc218 \uc788\ub2e4\ub294 \uc804\ub9dd\uc774\ub2e4. \ub610\ud55c \uc6d0\uc790\uc7ac \uac00\uaca9\uc774 \ub354 \uc624\ub974\uace0 \ub8e8\ud53c \uc57d\uc138\uac00 \uc9c0\uc18d\ub420 \uacbd\uc6b0 FY27\uc5d0 **\ucd94\uac00 25~50bp** \uc778\uc0c1 \uc5ec\uc9c0\ub3c4 \uc5f4\uc5b4\ub480\ub2e4.<\/p>\n<p>**\uae08\ub9ac\uc2a4\uc640\ud504(\uc774\uc790\uc728\uc2a4\uc640\ud504, \uace0\uc815\uae08\ub9ac\uc640 \ubcc0\ub3d9\uae08\ub9ac \uc774\uc790 \uc9c0\uae09\uc744 \uc11c\ub85c \uad50\ud658\ud558\ub294 \ud30c\uc0dd\uc0c1\ud488)**\ub85c \uc774\ubc88 50bp \uc778\uc0c1 \uc804\ub9dd\uc5d0 \ub300\uc751\ud558\ub294 \uc804\ub7b5\ub3c4 \uac70\ub860\ub410\ub2e4. **1\ub144 OIS(\uc624\ubc84\ub098\uc774\ud2b8 \uc778\ub371\uc2a4 \uc2a4\uc640\ud504, \ud558\ub8e8\uc9dc\ub9ac \uae30\uc900\uae08\ub9ac\uc758 \ubbf8\ub798 \uacbd\ub85c\ub97c \ubc18\uc601\ud558\ub294 \uae08\ub9ac \ud30c\uc0dd\uc0c1\ud488)** \uae08\ub9ac\ub294 5\uc6d4 **6.05%**\uae4c\uc9c0 \uc62c\ub77c, \uc2dc\uc7a5\uc774 \ud5a5\ud6c4 \uc778\uc0c1\uc744 \ubc18\uc601\ud558\uae30 \uc2dc\uc791\ud588\ub2e4\ub294 \uc2e0\ud638\ub85c \ud574\uc11d\ub410\ub2e4. 6\uc6d4 \ud68c\uc758\uc5d0\uc11c 25bp, 8\uc6d4\uc5d0 \ucd94\uac00 25bp\uac00 \uc608\uc0c1\ub41c\ub2e4\ub294 \uad00\uce21\ub3c4 \uc81c\uc2dc\ub410\ub2e4.<\/p>\n<h3>Positioning For Higher Rates<\/h3>\n<p>\ubd88\ud655\uc2e4\uc131\uc774 \ucee4\uc9c0\uba74\uc11c \ud5a5\ud6c4 \uc218\uc8fc \ub3d9\uc548 \ud658\uc728\uacfc \ucc44\uad8c \uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc774 \ud655\ub300\ub420 \uc218 \uc788\ub2e4\ub294 \uc804\ub9dd\uc774\ub2e4. \uc774\uc5d0 **\uc635\uc158(\ud2b9\uc815 \uac00\uaca9\uc5d0 \uc0ac\uace0\ud314 \uad8c\ub9ac)**\uc744 \ud65c\uc6a9\ud558\ub294 \ubc29\uc548\uc73c\ub85c **\uad6d\ucc44 \ud48b\uc635\uc158(\ucc44\uad8c \uac00\uaca9 \ud558\ub77d\uc5d0 \ubca0\ud305\ud558\ub294 \uad8c\ub9ac)** \ub610\ub294 **\ub2ec\ub7ec\/\ub8e8\ud53c \ucf5c\uc635\uc158(\ub2ec\ub7ec \uac15\uc138\u00b7\ub8e8\ud53c \uc57d\uc138\uc5d0 \ubca0\ud305\ud558\ub294 \uad8c\ub9ac)** \ub9e4\uc218 \ub4f1\uc774 \uc5b8\uae09\ub410\ub2e4. \ub8e8\ud53c \uae09\ub77d\uc740 **\ud658\ud5e4\uc9c0(\ud658\uc728 \ubcc0\ub3d9 \uc704\ud5d8\uc744 \uc904\uc774\uae30 \uc704\ud55c \uac70\ub798)** \ud544\uc694\uc131\uc744 \ub192\uc774\uac70\ub098 \ub2ec\ub7ec \uac15\uc138\uc5d0 \ubca0\ud305\ud558\ub294 \ud3ec\uc9c0\uc158\uc774 \uc720\ub9ac\ud560 \uc218 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4\ub294 \ud3c9\uac00\ub2e4.<\/p>\n<p>\uacfc\uac70 2022~2023\ub144 RBI\uac00 \ubb3c\uac00\ub97c \uc7a1\uae30 \uc704\ud574 \ube60\ub974\uac8c \uae08\ub9ac\ub97c \uc62c\ub838\ub358 \uad6d\uba74\uc744 \uc0c1\uae30\ud560 \ud544\uc694\uac00 \uc788\ub2e4\ub294 \uc9c0\uc801\ub3c4 \ub098\uc654\ub2e4. \ud604\uc7ac\ub294 \uad6d\ub0b4 \ubb3c\uac00 \uc704\ud5d8\uacfc \uae00\ub85c\ubc8c \uc555\ub825\uc774 \ub3d9\uc2dc\uc5d0 \ucee4\uc9c0\ub294 \uad6c\ub3c4\ub85c, \ub2f9\uc2dc\uc640 \uc720\uc0ac\ud558\ub2e4\ub294 \uac83\uc774\ub2e4. \ub530\ub77c\uc11c RBI\uac00 \ud55c \ubc88\uc5d0 50bp\ub97c \uc62c\ub9ac\ub294 \uac15\ud55c \uc870\uce58\ub3c4 \ubc30\uc81c\ud558\uae30 \uc5b4\ub835\ub2e4\uace0 \ubd24\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201c\ub3d9\uacb0\u201d \uae30\ub300 \uc811\ub098\u2026\uc2a4\ud0e0\ub2e4\ub4dc\ucc28\ud0c0\ub4dc, \uc778\ub3c4 RBI FY27 \ub808\ud3ec\uae08\ub9ac 5.25%\u21925.75% 50bp \uc778\uc0c1 \uc804\ub9dd. \uc778\ud50c\ub808 \uae30\ub300\u00b7\ub8e8\ud53c \uc57d\uc138\u00b7\uae00\ub85c\ubc8c \uae08\ub9ac \uc555\ub825\uc5d0 CPI \uc804\ub9dd\ub3c4 \uc0c1\ud5a5, 6\u00b78\uc6d4 \uc778\uc0c1 \uc2dc\ub098\ub9ac\uc624 \ubd80\uc0c1.<\/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-47250","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\/47250","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=47250"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/47250\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=47250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=47250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=47250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}