{"id":48758,"date":"2026-06-15T13:22:42","date_gmt":"2026-06-15T13:22:42","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/bbh-%eb%a6%ad%ec%8a%a4%eb%b0%a9%ed%81%ac-%ea%b8%b0%ec%a4%80%ea%b8%88%eb%a6%ac-1-75-%eb%8f%99%ea%b2%b0-%ec%9c%a0%ec%a7%80%ec%8b%9c%ec%9e%a5-%ec%9d%b8%ec%83%81-%eb%b2%a0%ed%8c%85\/"},"modified":"2026-06-15T13:22:42","modified_gmt":"2026-06-15T13:22:42","slug":"bbh-%eb%a6%ad%ec%8a%a4%eb%b0%a9%ed%81%ac-%ea%b8%b0%ec%a4%80%ea%b8%88%eb%a6%ac-1-75-%eb%8f%99%ea%b2%b0-%ec%9c%a0%ec%a7%80%ec%8b%9c%ec%9e%a5-%ec%9d%b8%ec%83%81-%eb%b2%a0%ed%8c%85","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/bbh-%eb%a6%ad%ec%8a%a4%eb%b0%a9%ed%81%ac-%ea%b8%b0%ec%a4%80%ea%b8%88%eb%a6%ac-1-75-%eb%8f%99%ea%b2%b0-%ec%9c%a0%ec%a7%80%ec%8b%9c%ec%9e%a5-%ec%9d%b8%ec%83%81-%eb%b2%a0%ed%8c%85\/","title":{"rendered":"BBH \u201c\ub9ad\uc2a4\ubc29\ud06c, \uae30\uc900\uae08\ub9ac 1.75% \ub3d9\uacb0 \uc720\uc9c0\u2026\uc2dc\uc7a5 \uc778\uc0c1 \ubca0\ud305\uc5d0 \uc120\uae0b\uae30\u201d \uad00\uce21\uc5d0 \ud06c\ub85c\ub098 \uc57d\uc138 \uc555\ub825"},"content":{"rendered":"<p>BBH\ub294 \ub9ad\uc2a4\ubc29\ud06c\uac00 \ubaa9\uc694\uc77c \uc5ec\uc12f \ubc88\uc9f8 \uc5f0\uc18d\uc73c\ub85c \uc815\ucc45\uae08\ub9ac\ub97c 1.75%\ub85c \ub3d9\uacb0\ud558\uace0, \uc5f0\ub9d0\uae4c\uc9c0 25bp \uc778\uc0c1\uc744 \ubc18\uc601\ud55c \uc2dc\uc7a5\uc758 \uae08\ub9ac \uacbd\ub85c\uc5d0 \ub300\ud574 \uc120\uc744 \uadf8\uc744 \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4. \ubb3c\uac00\uac00 \u2018\uc644\ub9cc(benign)\u2019\ud55c \ud750\ub984\uc73c\ub85c \ud3c9\uac00\ub418\uace0 \uacbd\uc81c\uc5d0 \uc720\ud734 \uc0dd\uc0b0\ub2a5\ub825\uc774 \uc874\uc7ac\ud558\ub294 \ub9cc\ud07c, BBH\uc758 \uae30\ubcf8 \uc2dc\ub098\ub9ac\uc624\ub294 \uc815\ucc45\uc774 \ub3d9\uacb0 \uc0c1\ud0dc\ub97c \uc720\uc9c0\ud558\ub294 \uac83\uc774\uba70, \uc774\ub294 \uc2a4\uc6e8\ub374 \ud06c\ub85c\ub098 \uc57d\uc138 \ud658\uacbd\uacfc \ub9de\ubb3c\ub9b0\ub2e4\uace0 \ubd24\ub2e4.<\/p>\n<p>\uc5c5\ub370\uc774\ud2b8\ub41c \uae08\ub9ac \uacbd\ub85c(rate path)\uc5d0\uc11c BBH\ub294 \ub9ad\uc2a4\ubc29\ud06c\uac00 2026\ub144 4\ubd84\uae30\uae4c\uc9c0 \u2018\ubcc0\ud654 \uc5c6\uc74c\u2019 \uc2dc\uadf8\ub110\uc744 \uc9c0\uc18d\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4. \ub610\ud55c \uccab \u2018\uc628\uc804\ud55c(full)\u2019 25bp \uc778\uc0c1\uc774 2028\ub144 1\ubd84\uae30\uc5d0\uc11c 2027\ub144 \ub9d0\ub85c \uc55e\ub2f9\uaca8\uc9c8 \uac00\ub2a5\uc131\uc744 \uc81c\uc2dc\ud558\uba74\uc11c\ub3c4, \uc804\uccb4 \uae30\uc870\ub294 \u2018\uc7a5\uae30 \ub3d9\uacb0(extended hold)\u2019\ub85c \uaddc\uc815\ud588\ub2e4.<\/p>\n<h3>\uc2dc\uc7a5 \uae30\ub300\uc640 \uc911\uc559\uc740\ud589 \uc815\ucc45 \uac04 \uad34\ub9ac<\/h3>\n<p>\ub9ad\uc2a4\ubc29\ud06c\uac00 \uc774\ubc88 \uc8fc\uc5d0\ub3c4 \uc815\ucc45\uae08\ub9ac\ub97c 1.75%\ub85c \uc7ac\ucc28 \ub3d9\uacb0\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\ub294 \uac00\uc6b4\ub370, \uae30\ud68c\uac00 \ud615\uc131\ub418\uace0 \uc788\ub2e4\uace0 \ubcf8\ub2e4. \uc2dc\uc7a5\uc740 \uc5ec\uc804\ud788 \uc5f0\ub9d0\uae4c\uc9c0 25bp \uc778\uc0c1\uc744 \uac00\uaca9\uc5d0 \ubc18\uc601\ud558\uace0 \uc788\uc9c0\ub9cc, \uc911\uc559\uc740\ud589\uc740 \uc774\ub7ec\ud55c \uae30\ub300\ub97c \uc801\uadf9\uc801\uc73c\ub85c \uc5b5\uc81c\ud560 \uac83\uc774\ub77c\ub294 \uac8c BBH\uc758 \ud310\ub2e8\uc774\ub2e4. \uc774\ub85c \uc778\ud574 \uc2dc\uc7a5\uc758 \uae30\ub300\uc640 \uc2e4\uc81c \uc911\uc559\uc740\ud589 \uc815\ucc45 \uc0ac\uc774\uc5d0 \ub69c\ub837\ud55c \uad34\ub9ac\uac00 \ubc1c\uc0dd\ud55c\ub2e4.<\/p>\n<p>\uc7a5\uae30 \ub3d9\uacb0\uc758 \uadfc\uac70\ub294 \ucd5c\uc2e0 \uc9c0\ud45c\uc5d0\uc11c\ub3c4 \ud655\uc778\ub41c\ub2e4. \uc2a4\uc6e8\ub374\uc758 2026\ub144 5\uc6d4 CPIF \uc778\ud50c\ub808\uc774\uc158\uc740 1.9%\ub85c \ub9ad\uc2a4\ubc29\ud06c \ubaa9\ud45c\uce58 2%\ub97c \uc18c\ud3ed \ud558\ud68c\ud588\uc73c\uba70, \uc2e4\uc5c5\ub960\uc740 7.8%\ub85c \uc0c1\uc2b9\ud588\ub2e4. GDP \uc131\uc7a5\uc138\uac00 \ubd80\uc9c4\ud558\uace0 \uacbd\uc81c \ub0b4 \uc720\ud734 \uc0dd\uc0b0\ub2a5\ub825\uc774 \ucda9\ubd84\ud55c \uc0c1\ud669\uc5d0\uc11c, \ub9ad\uc2a4\ubc29\ud06c\uac00 \uc815\ucc45\uc744 \uae34\ucd95\uc73c\ub85c \uc804\ud658\ud574\uc57c \ud560 \uad6d\ub0b4 \uc5ec\uac74 \uc555\ub825\uc740 \ud06c\uc9c0 \uc54a\ub2e4.<\/p>\n<h3>\ud658\uc728 \uc2dc\uc0ac\uc810\uacfc \ud2b8\ub808\uc774\ub4dc \uae30\ud68c<\/h3>\n<p>\uc774 \uac19\uc740 \uc804\ub9dd\uc740 \uc2a4\uc6e8\ub374 \ud06c\ub85c\ub098(SEK)\uc5d0 \ubd80\ub2f4 \uc694\uc778\uc73c\ub85c \uc791\uc6a9\ud55c\ub2e4. \ud2b9\ud788 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed)\uac00 \u2018\ub9e4\ud30c\uc801 \ub3d9\uacb0(hawkish pause)\u2019 \uae30\uc870\ub97c \uc720\uc9c0\ud558\ub294 \ubbf8\uad6d \ub2ec\ub7ec \ub4f1\uacfc \ube44\uad50\ud560 \ub54c \ub354 \uadf8\ub807\ub2e4. \uc2dc\uc7a5\uc774 \ub9ad\uc2a4\ubc29\ud06c \uae30\ub300\ub97c \uc7ac\uac00\uaca9\ud654(repricing)\ud558\ub294 \uacfc\uc815\uc5d0\uc11c SEK \uc57d\uc138\uac00 \ub098\ud0c0\ub0a0 \uac83\uc73c\ub85c \uc608\uc0c1\ud55c\ub2e4. \ud30c\uc0dd\uc0c1\ud488 \ud2b8\ub808\uc774\ub354\ub294 \ud5a5\ud6c4 \uc218\uc8fc \ub3d9\uc548 EUR\/SEK \ubc0f USD\/SEK \uc0c1\ubc29(\ud658\uc728 \uc0c1\uc2b9) \ud3ec\uc9c0\uc154\ub2dd\uc744 \uace0\ub824\ud560 \ud544\uc694\uac00 \uc788\ub2e4.<\/p>\n<p>\uc774 \uad00\uc810\uc744 \uad6c\ud604\ud558\ub294 \uac04\ub2e8\ud55c \ubc29\ubc95\uc740 \uc635\uc158\uc2dc\uc7a5 \ud65c\uc6a9\uc774\ub2e4. BBH\ub294 USD\/SEK \ucf5c\uc635\uc158 \ub9e4\uc218\ub97c \uac80\ud1a0\ud558\uace0 \uc788\uc73c\uba70, \uc774\ub294 \ud06c\ub85c\ub098 \uc57d\uc138(USD\/SEK \uc0c1\uc2b9)\uc5d0 \ub300\ud55c \uc0c1\ubc29 \uc775\uc2a4\ud3ec\uc800\ub97c \uc81c\uacf5\ud558\uba74\uc11c \uc704\ud5d8\uc774 \uc81c\ud55c\ub41c \uad6c\uc870\ub2e4. \ub9ad\uc2a4\ubc29\ud06c\uc758 \uc815\ucc45 \uc2a4\ud0e0\uc2a4\uac00 \ube44\uad50\uc801 \uc608\uce21 \uac00\ub2a5\ud558\ub2e4\ub294 \uc810\uc744 \uac10\uc548\ud558\uba74 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(implied volatility)\uc774 \uc0c1\ub300\uc801\uc73c\ub85c \ub0ae\uc744 \uc218 \uc788\uc5b4, \ud574\ub2f9 \ud3ec\uc9c0\uc158\uc5d0 \ub9e4\ub825\uc801\uc778 \uc9c4\uc785 \uad6c\uac04\uc774 \ud615\uc131\ub420 \uc218 \uc788\ub2e4.<\/p>\n<p>\uacfc\uac70\uc5d0\ub3c4 \ub9ad\uc2a4\ubc29\ud06c\ub294 \uc2dc\uc7a5 \uc608\uc0c1\ubcf4\ub2e4 \uc7a5\uae30\uac04 \ube44\ub458\uae30\ud30c(dovish) \uae30\uc870\ub97c \uc720\uc9c0\ud55c \uc0ac\ub840\uac00 \uc788\ub2e4(\uc608: 2015~2019\ub144). \uc774 \uae30\uac04\uc5d0\ub294 SEK\uac00 \uc7a5\uae30\uac04 \ubd80\uc9c4\ud55c \ud750\ub984\uc744 \ubcf4\uc774\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc558\ub2e4. BBH\ub294 \uc774\ubc88\uc5d0\ub3c4 \uc720\uc0ac\ud55c \ud328\ud134\uc774 \uc7ac\ud604\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ud558\uba70, \ud06c\ub85c\ub098 \uc20f(\ub9e4\ub3c4) \ud3ec\uc9c0\uc158\uc774 \ubcf4\uc0c1\uc744 \ubc1b\uc744 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4\uace0 \ubd24\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201c\uae08\ub9ac\uc778\uc0c1\u201d \uae30\ub300\uc5d0 \uc81c\ub3d9? BBH\ub294 \ub9ad\uc2a4\ubc29\ud06c\uac00 1.75% \ub3d9\uacb0\uc744 \uc7a5\uae30\ud654\ud558\uba70 2026\ub144\uae4c\uc9c0 \ubcc0\ud654 \uc5c6\uc74c\uc744 \uc2dc\uc0ac, \uc2dc\uc7a5\uc758 \uc5f0\ub9d0 25bp \uc778\uc0c1 \ubca0\ud305\uc744 \uaebe\uc5b4 SEK \uc57d\uc138\u00b7EUR\/SEK\u00b7USD\/SEK \uc0c1\ubc29\uc744 \uc804\ub9dd.<\/p>\n","protected":false},"author":87,"featured_media":47739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-48758","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\/48758","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=48758"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/48758\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media\/47739"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=48758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=48758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=48758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}