{"id":47902,"date":"2026-06-01T16:17:08","date_gmt":"2026-06-01T16:17:08","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%9c%a0%eb%a1%9c%ec%a1%b4-5%ec%9b%94-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%eb%b0%9c%ed%91%9c-%ec%9e%84%eb%b0%95ecb-%ea%b8%88%eb%a6%ac-%ec%9d%b8%ec%83%81%ec%9d%80-%ea%b8%b0%ec%a0%95\/"},"modified":"2026-06-01T16:17:08","modified_gmt":"2026-06-01T16:17:08","slug":"%ec%9c%a0%eb%a1%9c%ec%a1%b4-5%ec%9b%94-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%eb%b0%9c%ed%91%9c-%ec%9e%84%eb%b0%95ecb-%ea%b8%88%eb%a6%ac-%ec%9d%b8%ec%83%81%ec%9d%80-%ea%b8%b0%ec%a0%95","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%9c%a0%eb%a1%9c%ec%a1%b4-5%ec%9b%94-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%eb%b0%9c%ed%91%9c-%ec%9e%84%eb%b0%95ecb-%ea%b8%88%eb%a6%ac-%ec%9d%b8%ec%83%81%ec%9d%80-%ea%b8%b0%ec%a0%95\/","title":{"rendered":"\uc720\ub85c\uc874 5\uc6d4 \uc778\ud50c\ub808\uc774\uc158 \ubc1c\ud45c \uc784\ubc15\u2026ECB \uae08\ub9ac \uc778\uc0c1\uc740 \uae30\uc815\uc0ac\uc2e4\ud654, \uc720\ub85c\ud654 \ucd94\uac00 \uc0c1\uc2b9 \uc81c\ud55c"},"content":{"rendered":"<p>\uc720\ub85c\uc874 5\uc6d4 CPI\ub294 \ud654\uc694\uc77c \ubc1c\ud45c\ub420 \uc608\uc815\uc774\uba70, \uc2dc\uc7a5 \uc804\ub9dd\uce58\ub294 \ud5e4\ub4dc\ub77c\uc778\uacfc \uadfc\uc6d0 \uc778\ud50c\ub808\uc774\uc158\uc774 \uac01\uac01 4\uc6d4\uc758 \uc804\ub144 \ub3d9\uae30 \ub300\ube44 3.0%\uc5d0\uc11c 3.2%\ub85c, 2.2%\uc5d0\uc11c 2.4%\ub85c \uc0c1\uc2b9\ud558\ub294 \ub370 \ubb34\uac8c\ub97c \ub450\uace0 \uc788\ub2e4. \ub2e4\ub9cc \ub3c5\uc77c \uc778\ud50c\ub808\uc774\uc158\uc774 \uc608\uc0c1 \ubc16\uc73c\ub85c \ub454\ud654\ub418\uba74\uc11c \ub9ac\uc2a4\ud06c \uade0\ud615\uc740 \ud558\ubc29\uc73c\ub85c \uae30\uc6b8\uc5b4\uc84c\ub2e4. \uadf8\ub7fc\uc5d0\ub3c4 \ud070 \ud2c0\uc5d0\uc11c \ubcf4\uba74 \uc774\ubc88 \ub370\uc774\ud130\ub294 \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc774 \uc81c\uc2dc\ud55c \uc2a4\ud2b8\ub808\uc2a4 \uc2dc\ub098\ub9ac\uc624\ubcf4\ub2e4\ub294 3\uc6d4 \uae30\uc900\uc120(baseline)\uc5d0 \ub354 \uac00\uae5d\uac8c \uc720\uc9c0\ub418\ub294 \ud750\ub984\uc774\ub2e4. \ud574\ub2f9 \uae30\uc900\uc120\uc5d0\uc11c\ub294 2\ubd84\uae30 \ud5e4\ub4dc\ub77c\uc778\u00b7\uadfc\uc6d0 CPI \ud3c9\uade0\uc774 \uac01\uac01 3.1%, 2.2%\ub85c \uc81c\uc2dc\ub410\uc73c\uba70, \ubd88\ub9ac\ud55c(adverse) \uc2dc\ub098\ub9ac\uc624\ub294 3.6%, 2.3%, \uc2ec\uac01(severe) \uc2dc\ub098\ub9ac\uc624\ub294 4.1%, 2.4%\ub2e4.<\/p>\n<p>\uae08\ub9ac\ub3c4 \uc2dc\uc7a5\uc5d0 \uc774\ubbf8 \uc0c1\ub2f9 \ubd80\ubd84 \ubc18\uc601\ub3fc \uc788\uc5b4 \uc11c\ud504\ub77c\uc774\uc988 \uc5ec\uc9c0\ub294 \ud06c\uc9c0 \uc54a\ub2e4. \uc2a4\uc651 \ucee4\ube0c\ub294 6\uc6d4 11\uc77c ECB \ud68c\uc758\uc5d0\uc11c 25bp \uc778\ud558\ub85c \uc815\ucc45\uae08\ub9ac\uac00 2.25%\uac00 \ub420 \uac00\ub2a5\uc131\uc744 \uac70\uc758 \uc804\ubd80 \uac00\uaca9\uc5d0 \ubc18\uc601\ud558\uace0 \uc788\ub2e4. \uc678\ud658\uc2dc\uc7a5 \uc5ed\uc2dc \uadf8 \uacbd\ub85c\ub97c \uc0c1\ub2f9 \ubd80\ubd84 \ud761\uc218\ud55c \uc0c1\ud0dc\ub2e4. \uc131\uc7a5 \ub454\ud654\uc640 \ub192\uc740 \uc778\ud50c\ub808\uc774\uc158\uc774 \uacf5\uc874\ud558\ub294 \ud658\uacbd\uc5d0\uc11c\ub294 \uae34\ucd95\uc801 \uc815\ucc45\uc774 \ub300\uccb4\ub85c \uc720\ub85c\ud654\uc5d0 \ubd80\ub2f4(\ud5e4\ub4dc\uc708\ub4dc)\uc73c\ub85c \uc791\uc6a9\ud558\uc9c0\ub9cc, \uc57d\uc138 \ud3ed\uc744 \uc81c\ud55c\ud558\ub294 \ub370\ub294 \ub3c4\uc6c0\uc774 \ub420 \uc218 \uc788\ub2e4. \ubbf8\uad6d\uc758 \uc131\uc7a5 \uc804\ub9dd\uc774 \uc720\ub85c\uc874\ubcf4\ub2e4 \uacac\uc870\ud55c \ub9cc\ud07c EUR\/USD\ub294 1.1400 \ubd80\uadfc\uc5d0\uc11c \ubc14\ub2e5\uc744 \ucc3e\uc744 \uac83\uc73c\ub85c \uad00\uce21\ub41c\ub2e4.<\/p>\n<h3>\uc720\ub85c\uc874 \uc778\ud50c\ub808\uc774\uc158 \uc9c0\ud45c\uc640 ECB \uc815\ucc45\uc744 \ub458\ub7ec\uc2fc \uad00\ub9dd<\/h3>\n<p>\uc6b0\ub9ac\ub294 \ub0b4\uc77c \ubc1c\ud45c\ub420 \uc720\ub85c\uc874 \uc778\ud50c\ub808\uc774\uc158 \uc9c0\ud45c\ub97c \ub9e4\uc6b0 \uba74\ubc00\ud788 \uc9c0\ucf1c\ubcf4\uace0 \uc788\ub2e4. \uc774\ub294 6\uc6d4 11\uc77c ECB \ud68c\uc758\uc758 \uc804\ucd08\uc804\uc774\uae30 \ub54c\ubb38\uc774\ub2e4. \uc778\ud50c\ub808\uc774\uc158\uc774 \uc0c1\uc2b9\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\uc9c0\ub9cc, \ub3c5\uc77c\uc758 \ucd5c\uadfc \uc608\ube44 \uc9c0\ud45c\uc5d0\uc11c \uc18c\ud3ed \ub454\ud654\uac00 \ub098\ud0c0\ub098 \uc720\ub85c\uc874 \uc804\uccb4 \uc218\uce58\uc5d0\uc11c\ub3c4 \ud558\ubc29 \uc11c\ud504\ub77c\uc774\uc988 \uac00\ub2a5\uc131\uc774 \uc2dc\uc0ac\ub41c\ub2e4. \uc774\ub7f0 \ubd88\ud655\uc2e4\uc131\uc740 \ud2b8\ub808\uc774\ub354\ub4e4\uc774 \ub2e8\uae30\ubb3c EUR\/USD \uc635\uc158\uc758 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(IV)\uc744 \uc8fc\uc2dc\ud574\uc57c \ud568\uc744 \uc758\ubbf8\ud558\uba70, \ubc1c\ud45c \uc804\ud6c4\ub85c \ubcc0\ub3d9\uc131\uc774 \ub192\uac8c \ud615\uc131\ub420 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4.<\/p>\n<p>25bp \uae08\ub9ac\uc778\ud558\ub294 \uc774\ubbf8 \uc2dc\uc7a5 \uac00\uaca9\uc5d0 \uac70\uc758 \uc644\uc804\ud788 \ubc18\uc601\ub3fc \uc788\uc5b4, \uacb0\uc815 \uc790\uccb4\uac00 \ud070 \ucd09\ub9e4\uac00 \ub420 \uac00\ub2a5\uc131\uc740 \uc81c\ud55c\uc801\uc774\ub2e4. \ud575\uc2ec\uc740 \uc911\uc559\uc740\ud589\uc758 \ud3ec\uc6cc\ub4dc \uac00\uc774\ub358\uc2a4\ub2e4. \ud2b9\ud788 \ucd5c\uadfc \uc218\uce58\uc5d0\uc11c \uc720\ub85c\uc874 \uacbd\uc81c\uac00 1\ubd84\uae30 0.3% \uc131\uc7a5\uc5d0 \uadf8\uce5c \uac83\uc73c\ub85c \ub098\ud0c0\ub09c \uc810\uc744 \uac10\uc548\ud558\uba74 \ub354 \uadf8\ub807\ub2e4. \uc6b0\ub9ac\ub294 \uc774 \uac19\uc740 \ubd80\uc9c4\ud55c \uc131\uc7a5\uc138\uac00 \uc720\ub85c\ud654\uc758 \uc0c1\ub2e8\uc744 \uc81c\ud55c\ud55c\ub2e4\uace0 \ud310\ub2e8\ud558\uba70, \uc81c\ud55c\ub41c \uc0c1\uc2b9 \uc5ec\ub825\uc744 \ud65c\uc6a9\ud574 \uc678\uac00\uaca9(OTM) \ucf5c\uc635\uc158 \ub9e4\ub3c4 \uc804\ub7b5\uc744 \ud1b5\ud574 \ud504\ub9ac\ubbf8\uc5c4\uc744 \ud655\ubcf4\ud558\ub294 \uc811\uadfc\uc774 \ud569\ub9ac\uc801\uc774\ub77c\uace0 \ubcf8\ub2e4.<\/p>\n<h3>\ud2b8\ub808\uc774\ub529 \uc804\ub7b5\uacfc \uacfc\uac70 \uc0ac\ub840\uc758 \uc720\uc0ac\uc131<\/h3>\n<p>\uc720\ub7fd\uc758 \uc804\ub9dd\uc774 \uc57d\ud558\ub354\ub77c\ub3c4, \uae08\ub9ac \uc778\ud558(\ub610\ub294 \uc778\ud558 \ud3ed\uc758 \uc81c\ud55c\/\uc644\ud654\uc801 \uc18d\ub3c4 \uc870\uc808)\ub294 \ud1b5\ud654\uc5d0 \ub2e8\uae30\uc801\uc778 \ubc14\ub2e5\uc744 \uc81c\uacf5\ud560 \uc218 \uc788\uc73c\uba70, \uc6b0\ub9ac\ub294 EUR\/USD 1.1400 \ubd80\uadfc\uc5d0 \uac15\ud55c \uc9c0\uc9c0\uc120\uc774 \ud615\uc131\ub3fc \uc788\ub2e4\uace0 \ubcf8\ub2e4. \uac19\uc740 \uae30\uac04 \ubbf8\uad6d \uacbd\uc81c\ub294 \uc5f0\uc728 \ud658\uc0b0 1.6%\uc758 \ubcf4\ub2e4 \uacac\uc870\ud55c \uc131\uc7a5\ub960\uc744 \uae30\ub85d\ud574 \ub69c\ub837\ud55c \ub300\ube44\ub97c \uc774\ub8e8\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc720\ub85c\ud654\uac00 \uc758\ubbf8 \uc788\uac8c \uac15\uc138\ub85c \uc804\ud658\ub418\ub294 \uac83\uc744 \uc81c\uc57d\ud560 \uc694\uc778\uc774\ub2e4. \uc774\ub7f0 \uad00\uc810\uc5d0 \ub3d9\uc758\ud558\ub294 \ud2b8\ub808\uc774\ub354\ub77c\uba74, \ud589\uc0ac\uac00\ub97c 1.1400 \ubd80\uadfc\uc73c\ub85c \ub454 \ud604\uae08\ub2f4\ubcf4 \ud48b\uc635\uc158 \ub9e4\ub3c4(cash-secured puts) \uc804\ub7b5\uc774 \ud504\ub9ac\ubbf8\uc5c4 \uc218\ucde8\uc5d0 \ud6a8\uacfc\uc801\uc77c \uc218 \uc788\ub2e4.<\/p>\n<p>\uc131\uc7a5 \ub454\ud654 \uad6d\uba74\uc5d0\uc11c\uc758 \uae08\ub9ac \uc870\uc815\uc740 \uc815\ucc45 \uc6b4\uc6a9\uc774 \uae4c\ub2e4\ub85c\uc6b4 \ud658\uacbd\uc774\uba70, \uc774\ub294 2011\ub144 ECB\uac00 \uae08\ub9ac\ub97c \uc778\uc0c1\ud588\ub2e4\uac00 \uacbd\uae30 \ub454\ud654\ub85c \uc5bc\ub9c8 \uc9c0\ub098\uc9c0 \uc54a\uc544 \ubc29\ud5a5\uc744 \ub418\ub3cc\ub838\ub358 \uc0ac\ub840\ub97c \ub5a0\uc62c\ub9ac\uac8c \ud55c\ub2e4. \uc774\ub7ec\ud55c \uc804\ub840\ub294 6\uc6d4 \uc870\uce58\uac00 \uc0ac\uc2e4\uc0c1 \uae30\uc815\uc0ac\uc2e4\uc5d0 \uac00\uae5d\ub354\ub77c\ub3c4, \uc774\ud6c4 \ucd94\uac00 \uc870\uc815 \uacbd\ub85c(\ucd94\uac00 \uc778\ud558 \ud639\uc740 \uc778\ud558 \uc18d\ub3c4)\uc5d0 \ub300\ud55c \uc2e0\ub8b0\ub3c4\ub294 \ub0ae\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \ub530\ub77c\uc11c \ub354 \ub9cc\uae30\uac00 \uae34 \uae08\ub9ac \uc2a4\uc651\uc744 \ub4e4\uc5ec\ub2e4\ubcf4\uba74, \uc2dc\uc7a5\uc774 \ud604\uc7ac \uc608\uc0c1\ud558\ub294 \uac83\ubcf4\ub2e4 \ub0ae\uc740 \uc218\uc900\uc5d0\uc11c \uc815\ucc45\uae08\ub9ac \ud53c\ud06c(\ud639\uc740 \ucd5c\uc800\uc810) \ud615\uc131\uc744 \uc608\uc0c1\ud558\ub294 \ud3ec\uc9c0\uc154\ub2dd \uae30\ud68c\uac00 \ub4dc\ub7ec\ub0a0 \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\uc720\ub85c\uc874 5\uc6d4 CPI, \uc608\uc0c1 \uc0c1\ud68c\ub0d0 \ud558\ud68c\ub0d0\uac00 6\uc6d4 ECB \ud5a5\ubc29 \uac00\ub978\ub2e4. 25bp \uc778\ud558\ub294 \uae30\uc815\uc0ac\uc2e4, \ud3ec\uc6cc\ub4dc\uac00 \ud575\uc2ec. \ub3c5\uc77c \ub454\ud654\ub85c \ud558\ubc29 \ub9ac\uc2a4\ud06c, EUR\/USD 1.1400 \uc9c0\uc9c0 \uc8fc\ubaa9. \uc635\uc158 \ubcc0\ub3d9\uc131 \ud655\ub300.<\/p>\n","protected":false},"author":87,"featured_media":47719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-47902","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/47902","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=47902"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/47902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media\/47719"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=47902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=47902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=47902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}