{"id":47422,"date":"2026-05-26T13:56:36","date_gmt":"2026-05-26T13:56:36","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/mufg-rbnz%ea%b0%80-%ea%b8%88%eb%a6%ac%eb%a5%bc-%eb%8f%99%ea%b2%b0%ed%95%98%eb%90%98-%eb%a7%a4%ed%8c%8c%ec%a0%81-%ea%b8%b0%ec%a1%b0%eb%a5%bc-%ec%9c%a0%ec%a7%80%ed%95%b4-ocr-%ea%b2%bd%eb%a1%9c\/"},"modified":"2026-05-26T13:56:36","modified_gmt":"2026-05-26T13:56:36","slug":"mufg-rbnz%ea%b0%80-%ea%b8%88%eb%a6%ac%eb%a5%bc-%eb%8f%99%ea%b2%b0%ed%95%98%eb%90%98-%eb%a7%a4%ed%8c%8c%ec%a0%81-%ea%b8%b0%ec%a1%b0%eb%a5%bc-%ec%9c%a0%ec%a7%80%ed%95%b4-ocr-%ea%b2%bd%eb%a1%9c","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/mufg-rbnz%ea%b0%80-%ea%b8%88%eb%a6%ac%eb%a5%bc-%eb%8f%99%ea%b2%b0%ed%95%98%eb%90%98-%eb%a7%a4%ed%8c%8c%ec%a0%81-%ea%b8%b0%ec%a1%b0%eb%a5%bc-%ec%9c%a0%ec%a7%80%ed%95%b4-ocr-%ea%b2%bd%eb%a1%9c\/","title":{"rendered":"MUFG, RBNZ\uac00 \uae08\ub9ac\ub97c \ub3d9\uacb0\ud558\ub418 \ub9e4\ud30c\uc801 \uae30\uc870\ub97c \uc720\uc9c0\ud574 OCR \uacbd\ub85c \uc0c1\ud5a5 \uc804\ub9dd \uc18d\uc5d0 \ub274\uc9c8\ub79c\ub4dc\ub2ec\ub7ec(NZD) \uac15\uc138 \uc608\uc0c1"},"content":{"rendered":"<p>MUFG\ub294 \ub274\uc9c8\ub79c\ub4dc \uc911\uc559\uc740\ud589(RBNZ)\uc774 \uae30\uc900\uae08\ub9ac\uc778 **\uacf5\uc2dd\ud604\uae08\uae08\ub9ac(OCR, \uc911\uc559\uc740\ud589\uc774 \uc815\ud558\ub294 \uc815\ucc45\uae08\ub9ac)** \ub97c \ub3d9\uacb0\ud558\ub418, **\ub9e4\ud30c\uc801(\uae08\ub9ac \uc778\uc0c1 \uc758\uc9c0\uac00 \uac15\ud55c)** \uba54\uc2dc\uc9c0\ub97c \ub0bc \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4\uace0 \ubc1d\ud614\ub2e4. \ub610\ud55c \ubb3c\uac00 \uc804\ub9dd\uc744 \uc0c1\ud5a5\ud558\uace0, \uc62c\ud574\uc640 \ub0b4\ub144 **OCR \uc804\ub9dd\uce58(\uc815\ucc45\uae08\ub9ac \uc608\uc0c1 \uacbd\ub85c)** \ub3c4 \ub354 \ub192\uc77c \uac00\ub2a5\uc131\uc774 \uc788\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4. MUFG\ub294 RBNZ\uac00 \ucd5c\uadfc **\uc778\ud50c\ub808\uc774\uc158(\ubb3c\uac00 \uc0c1\uc2b9)** \uc704\ud5d8\uc5d0 \uacf5\uaca9\uc801\uc73c\ub85c \ub300\uc751\ud574\uc654\uc73c\uba70, \uc62c\ud574 **2~3\ucc28\ub840 \uae08\ub9ac \uc778\uc0c1**\uc744 \uc2dc\uc0ac\ud558\ub294 \uac00\uc774\ub358\uc2a4(\uc815\ucc45 \ubc29\ud5a5\uc131 \uc81c\uc2dc)\ub294 \ud604\uc7ac \uc2dc\uc7a5 \uae30\ub300\uc640 \ubd80\ud569\ud55c\ub2e4\uace0 \uc124\uba85\ud588\ub2e4.<\/p>\n<p>\uc2dc\uc7a5\uc5d0\ub294 \uc57d **70bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8, 0.01%\ud3ec\uc778\ud2b8)** \uc815\ub3c4\uc758 \uae34\ucd95\uc774 \ubc18\uc601\ub3fc \uc788\ub2e4\uace0 \ud3c9\uac00\ud588\uc73c\uba70, \ubbf8\uad6d \ub2ec\ub7ec\uac00 **\ubbf8\uad6d-\uc774\ub780 \ud3c9\ud654 \ud569\uc758**\ub85c \uc57d\uc138\ub97c \ubcf4\uc77c \uacbd\uc6b0 \ub274\uc9c8\ub79c\ub4dc \ub2ec\ub7ec(NZD) \uac15\uc138 \ud750\ub984\uc744 \ub354 \uac15\ud654\ud560 \uc218 \uc788\ub2e4\uace0 \ud588\ub2e4. \ub610 **\ub808\ubc84\ub9ac\uc9c0 \ud380\ub4dc(\ucc28\uc785\uc744 \ud65c\uc6a9\ud574 \ud22c\uc790 \uaddc\ubaa8\ub97c \ud0a4\uc6b0\ub294 \ud22c\uc790\uc790)** \uc758 NZD **\uc21c\ub9e4\ub3c4(\uc20f) \ud3ec\uc9c0\uc158(\ud558\ub77d\uc5d0 \ubca0\ud305\ud55c \ud3ec\uc9c0\uc158)** \uc774 \uc9c0\ub09c\uc8fc \ud654\uc694\uc77c \uae30\uc900 \uc8fc\uac04\uc73c\ub85c \uc904\uc5c8\ub2e4\uace0 \uc804\ud588\ub2e4. \uc774\ub294 \uc55e\uc11c 2019\ub144 12\uc6d4 \uc774\ud6c4 \ucd5c\ub300 \uc218\uc900\uae4c\uc9c0 \ub298\uc5c8\ub2e4\uac00 \ucd95\uc18c\ub41c \uac83\uc774\ub2e4.<\/p>\n<h3>Hawkish RBNZ Outlook and Policy Implications<\/h3>\n<p>\ub2f9\uc0ac\ub294 \ub274\uc9c8\ub79c\ub4dc \uc911\uc559\uc740\ud589\uc774 \ub0b4\uc77c 5\uc6d4 27\uc77c \ud68c\uc758\uc5d0\uc11c **OCR\uc744 \ub3d9\uacb0**\ud558\ub418, \uba54\uc2dc\uc9c0\ub294 \ub69c\ub837\ud558\uac8c **\ub9e4\ud30c\uc801**\uc77c \uac83\uc73c\ub85c \ubcf8\ub2e4. \ucd5c\uadfc \uc9c0\ud45c\ub97c \ubcf4\uba74 \ubb3c\uac00\uac00 \uc27d\uac8c \ub0b4\ub824\uc624\uc9c0 \uc54a\uace0 \uc788\ub2e4. \ucd5c\uc2e0 \ubd84\uae30 **CPI(\uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218, \uc18c\ube44\uc790\uac00 \uc0ac\ub294 \uc0c1\ud488\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9 \ubcc0\ub3d9\uc744 \ub098\ud0c0\ub0b4\ub294 \uc9c0\ud45c)** \ub294 3.8%\ub85c, RBNZ\uc758 \ubaa9\ud45c \ubc94\uc704\ub97c \ud06c\uac8c \uc6c3\ub3cc\uc558\ub2e4. \uc774\uc5d0 \ub530\ub77c RBNZ\ub294 2026\ub144\uae4c\uc9c0\uc758 **\uae08\ub9ac \uacbd\ub85c \uc804\ub9dd**\uc744 \ub354 \ub192\uac8c \uc81c\uc2dc\ud560 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4.<\/p>\n<p>\uc774\ub7f0 \uc804\ub9dd\uc740 \ub274\uc9c8\ub79c\ub4dc \ub2ec\ub7ec \uac15\uc138\uc5d0 \uc720\ub9ac\ud55c \uac70\ub798\ub85c \uc774\uc5b4\uc9c8 \uc218 \uc788\ub2e4. \uc608\ub97c \ub4e4\uc5b4 **NZD \ucf5c\uc635\uc158(\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 NZD\ub97c \uc0b4 \uad8c\ub9ac, NZD \uc0c1\uc2b9\uc5d0 \uc720\ub9ac)** \uc744 \ub9e4\uc218\ud558\uac70\ub098 **NZD\/USD \uc120\ubb3c(\ubbf8\ub798\uc758 \ud658\uc728\ub85c \ubbf8\ub9ac \uc0ac\uace0\ud30c\ub294 \uacc4\uc57d)** \uc744 \ud65c\uc6a9\ud558\ub294 \ubc29\uc2dd\uc774\ub2e4. \ud604\uc7ac **\uc2a4\uc651 \uc2dc\uc7a5(\uae08\ub9ac \uc218\uc900\uc744 \ubc18\uc601\ud558\ub294 \ud30c\uc0dd\uc0c1\ud488 \uc2dc\uc7a5)** \uc740 \uc5f0\ub9d0\uae4c\uc9c0 \uc57d 75bp\uc758 \uae34\ucd95\uc744 \ubc18\uc601\ud558\uace0 \uc788\uc5b4, 2~3\ud68c \uc778\uc0c1 \uc2e0\ud638\uac00 \ub098\uc624\uba74 \uc2dc\uc7a5 \uae30\ub300\ub97c \ud655\uc778\ud574\uc8fc\ub294 \uc148\uc774\ub2e4. \uc774\ub294 \ud5a5\ud6c4 \uba87 \uc8fc\uac04 NZD\ub97c \uc9c0\uc9c0\ud560 \uc218 \uc788\ub2e4.<\/p>\n<h3>Drivers of NZD Upside: Dollar Dynamics and Positioning<\/h3>\n<p>\ucd94\uac00 \ub3d9\ub825\uc740 \ubbf8\uad6d \ub2ec\ub7ec \uc57d\uc138\uc5d0\uc11c \ub098\uc62c \uc218 \uc788\ub2e4. \ud2b9\ud788 \ubbf8\uad6d-\uc774\ub780 \uc678\uad50 \ud611\uc0c1\uc774 \uc9c4\uc804\ub420 \uacbd\uc6b0 \ub2ec\ub7ec\uac00 \uc57d\ud574\uc9c8 \uc5ec\uc9c0\uac00 \uc788\ub2e4. **\ub2ec\ub7ec\uc778\ub371\uc2a4(DXY, \uc8fc\uc694 \ud1b5\ud654 \ub300\ube44 \ub2ec\ub7ec \uac00\uce58\ub97c \ub098\ud0c0\ub0b4\ub294 \uc9c0\uc218)** \ub294 106.50 \ubd80\uadfc\uc758 \uc218\uac1c\uc6d4 \uace0\uc810\uc5d0\uc11c \ub354 \uc624\ub974\uc9c0 \ubabb\ud558\uace0 \uc788\uc5b4, \uc9c0\uc815\ud559\uc801 \ud638\uc7ac\uac00 \ub098\uc624\uba74 \ub418\ub3cc\ub9bc\uc774 \ub098\ud0c0\ub0a0 \uc218 \uc788\ub2e4. \uc774 \uacbd\uc6b0 NZD\/USD\uac00 \uc0c1\uc2b9\ud558\uae30 \uc88b\uc740 \ud658\uacbd\uc774 \ub41c\ub2e4.<\/p>\n<p>\ub610\ud55c **\ud22c\uae30\uc801 \ud3ec\uc9c0\uc154\ub2dd(\ub2e8\uae30 \ucc28\uc775\uc744 \ub178\ub9b0 \ub9e4\ub9e4 \ud3ec\uc9c0\uc158)** \ub3c4 \uc0b4\ud3b4\ubcfc \ud544\uc694\uac00 \uc788\ub2e4. \ub808\ubc84\ub9ac\uc9c0 \ud380\ub4dc\ub294 \uc5ec\uc804\ud788 NZD\uc5d0 \ub300\ud574 \ud070 \uaddc\ubaa8\uc758 \uc20f \ud3ec\uc9c0\uc158\uc744 \ubcf4\uc720\ud558\uace0 \uc788\ub2e4. \ucd5c\uadfc **COT \ubcf4\uace0\uc11c(\ubbf8\uad6d \uc0c1\ud488\uc120\ubb3c\uac70\ub798\uc704\uc6d0\ud68c\uac00 \uacf5\uac1c\ud558\ub294 \ud3ec\uc9c0\uc158 \ud1b5\uacc4)** \uc5d0 \ub530\ub974\uba74 \uc774\ub7ec\ud55c \uc20f\uc740 2023\ub144 \ub9d0 \uc774\ud6c4 \ucd5c\ub300 \uc218\uc900\uc5d0\uc11c \uc904\uae30 \uc2dc\uc791\ud588\ub2e4. NZD\uac00 \ub354 \uac15\ud574\uc9c0\uba74 \uc774\ub4e4\uc774 **\uc20f \ucee4\ubc84\ub9c1(\uc190\uc2e4\uc744 \uc904\uc774\uae30 \uc704\ud574 \ub9e4\ub3c4 \ud3ec\uc9c0\uc158\uc744 \ub418\uc0ac\ub294 \uac83)** \uc5d0 \ub098\uc11c\uba70 \ud1b5\ud654 \uc0c1\uc2b9\uc744 \ub354 \ud0a4\uc6b8 \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUFG \u201cRBNZ, OCR \ub3d9\uacb0\ud558\ub418 \ub9e4\ud30c \uba54\uc2dc\uc9c0 \uc720\ub825\u201d\u2026\ubb3c\uac00 \uc804\ub9dd \uc0c1\ud5a5\u00b7\uc5f0\ub0b4 2~3\ud68c \uc778\uc0c1 \uc2dc\uc0ac \uac00\ub2a5. \uc2dc\uc7a5 70~75bp \ubc18\uc601, \ub2ec\ub7ec \uc57d\uc138\u00b7NZD \uc20f \ucd95\uc18c\uac00 \ucd94\uac00 \uc0c1\uc2b9 \ucd09\ub9e4.<\/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-47422","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\/47422","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=47422"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/47422\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=47422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=47422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=47422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}