{"id":49167,"date":"2026-06-02T15:46:32","date_gmt":"2026-06-02T15:46:32","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/snb%ec%9d%98-%ec%8a%90%eb%a0%88%ea%b2%94-%ec%99%b8%ed%99%98%ec%8b%9c%ec%9e%a5-%ea%b0%9c%ec%9e%85-%ed%86%b5%ed%95%b4-%ec%8a%a4%ec%9c%84%ec%8a%a4%ed%94%84%eb%9e%91-%ea%b0%95%ec%84%b8-%ec%96%b5%ec%a0%9c\/"},"modified":"2026-06-02T15:46:32","modified_gmt":"2026-06-02T15:46:32","slug":"snb%ec%9d%98-%ec%8a%90%eb%a0%88%ea%b2%94-%ec%99%b8%ed%99%98%ec%8b%9c%ec%9e%a5-%ea%b0%9c%ec%9e%85-%ed%86%b5%ed%95%b4-%ec%8a%a4%ec%9c%84%ec%8a%a4%ed%94%84%eb%9e%91-%ea%b0%95%ec%84%b8-%ec%96%b5%ec%a0%9c","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/snb%ec%9d%98-%ec%8a%90%eb%a0%88%ea%b2%94-%ec%99%b8%ed%99%98%ec%8b%9c%ec%9e%a5-%ea%b0%9c%ec%9e%85-%ed%86%b5%ed%95%b4-%ec%8a%a4%ec%9c%84%ec%8a%a4%ed%94%84%eb%9e%91-%ea%b0%95%ec%84%b8-%ec%96%b5%ec%a0%9c\/","title":{"rendered":"SNB\uc758 \uc290\ub808\uac94, \uc678\ud658\uc2dc\uc7a5 \uac1c\uc785 \ud1b5\ud574 \uc2a4\uc704\uc2a4\ud504\ub791 \uac15\uc138 \uc5b5\uc81c \uc758\uc9c0 \uac15\ud654 \uc2dc\uc0ac"},"content":{"rendered":"<p>\uc2a4\uc704\uc2a4\uad6d\ub9bd\uc740\ud589(SNB)\uc758 \ub9c8\ub974\ud2f4 \uc290\ub808\uac94 \uc758\uc7a5\uc740 \ud654\uc694\uc77c, \uc2a4\uc704\uc2a4 \ud504\ub791(CHF)\uc758 \uc77c\ubc29\uc801 \uc808\uc0c1\uc744 \uc5b5\uc81c\ud558\uae30 \uc704\ud574 SNB\uac00 \uc678\ud658\uc2dc\uc7a5\uc5d0 \uac1c\uc785\ud560 \uc900\ube44\uac00 \ub354 \ub3fc \uc788\ub2e4\uace0 \ubc1d\ud614\ub2e4. \uadf8\ub294 \ud504\ub791\uc758 \uc2e4\uc9c8\uc801 \uace0\ud3c9\uac00\ub294 \uba85\ubaa9 \uace0\ud3c9\uac00\ubcf4\ub2e4 \ud655\uc5f0\ud788 \ub0ae\ub2e4\uace0 \ub9d0\ud588\uc73c\uba70, \uc911\ub3d9 \uc9c0\uc5ed \uae34\uc7a5 \uace0\uc870\ub85c \uc778\ud574 \uace0\ud3c9\uac00 \uc555\ub825\uc774 \ucee4\uc9c4 \uc810\uc744 \uc740\ud589\uc758 \uac1c\uc785 \uc758\uc9c0 \uac15\ud654\uc640 \uc5f0\uacb0\uc9c0\uc5c8\ub2e4.<\/p>\n<p>\ud1b5\ud654 \uc2dc\uc7a5 \ubc18\uc751\uc740 \uc81c\ud55c\uc801\uc774\uc5c8\ub2e4. USD\/CHF\ub294 0.2% \ud558\ub77d\ud574 0.7850\uc120 \uc548\ud30e\uc5d0\uc11c \uac70\ub798\ub410\ub2e4. SNB\uc758 \ucc45\ubb34\ub294 \uc911\u00b7\uc7a5\uae30\uc801\uc73c\ub85c \ubb3c\uac00\uc548\uc815\uc744 \ud655\ubcf4\ud558\ub294 \uac83\uc73c\ub85c, \uc5f0\uac04 \uc2a4\uc704\uc2a4 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI) \uc0c1\uc2b9\ub960\uc744 2% \ubbf8\ub9cc\uc73c\ub85c \uc720\uc9c0\ud558\ub294 \uac83\uc744 \ubaa9\ud45c\ub85c \ud55c\ub2e4. SNB \uc774\uc0ac\ud68c(Governing Board)\ub294 \uc774 \ubaa9\ud45c\uc5d0 \ub9de\ucdb0 \uc815\ucc45\uae08\ub9ac\ub97c \uacb0\uc815\ud558\uba70, \uacfc\ub3c4\ud55c \ud504\ub791 \uac15\uc138\ub97c \uc81c\ud55c\ud558\uae30 \uc704\ud574 \uc2dc\uc7a5\uc5d0 \uac1c\uc785\ud558\uae30\ub3c4 \ud55c\ub2e4. SNB\ub294 \uacfc\uac70 2011~2015\ub144 \uc720\ub85c\ud654 \ud398\uadf8(\uace0\uc815)\ub97c \uc6b4\uc601\ud55c \ubc14 \uc788\ub2e4. \ud1b5\ud654\uc815\ucc45 \uacb0\uc815\uc740 \ubd84\uae30\ubcc4\ub85c \uc774\ub904\uc9c0\uba70, \ud68c\uc758\ub294 3\uc6d4\u00b76\uc6d4\u00b79\uc6d4\u00b712\uc6d4\uc5d0 \uc5f4\ub9b0\ub2e4.<\/p>\n<h3>SNB\u2019s Intervention Readiness and Market Implications<\/h3>\n<p>\uc2a4\uc704\uc2a4\uad6d\ub9bd\uc740\ud589\uc774 \uac1c\uc785 \uc758\uc9c0\ub97c \ud55c\uce35 \uac15\ud654\ud55c \uc2e0\ud638\ub97c \ubcf4\ub0b8 \ub9cc\ud07c, \uc6b0\ub9ac\ub294 \uc2a4\uc704\uc2a4 \ud504\ub791\uc758 \ucd94\uac00 \uc808\uc0c1\uc5d0 \u2018\uc0c1\ub2e8\u2019\uc774 \ud615\uc131\ub420 \uac00\ub2a5\uc131\uc744 \ubcf8\ub2e4. \uc774\ub7ec\ud55c \uad6c\ub450 \uac1c\uc785\uc740 \uc911\uc559\uc740\ud589\uc774 \ud1b5\ud654\uc758 \uacfc\ub3c4\ud558\uace0 \uc77c\ubc29\uc801\uc778 \uac15\uc138\uc5d0 \ub9de\uc11c \ud589\ub3d9\uc5d0 \ub098\uc124 \uac83\uc774\ub77c\ub294 \ubd84\uba85\ud55c \uba54\uc2dc\uc9c0\ub2e4. \ud30c\uc0dd\uc0c1\ud488 \ud2b8\ub808\uc774\ub354\ub4e4\uc740 \uc774\ub97c CHF\uc758 \ucd94\uac00\uc801\uc778 \uc758\ubbf8 \uc788\ub294 \uc0c1\uc2b9\uc774 \uc911\uc559\uc740\ud589\uc758 \uc870\uce58\ub85c \uc81c\ud55c\ub420 \uc218 \uc788\ub2e4\ub294 \uc2e0\ud638\ub85c \ubc1b\uc544\ub4e4\uc77c \ud544\uc694\uac00 \uc788\ub2e4.<\/p>\n<p>\uc774\ub294 \uc635\uc158 \uc2dc\uc7a5\uc5d0\uc11c, \ud2b9\ud788 \uc0c1\uc2b9 \uc5ec\ub825\uc774 \uc81c\ud55c\ub420 \ub54c \uc218\uc775\uc744 \ub0b4\ub294 \uc804\ub7b5\uc5d0 \uae30\ud68c\ub97c \uc81c\uacf5\ud55c\ub2e4\uace0 \ud310\ub2e8\ud55c\ub2e4. CHF\uc5d0 \ub300\ud55c \uc678\uac00\uaca9(OTM) \ucf5c\uc635\uc158 \ub9e4\ub3c4\ub098 \uc57d\uc138 \ucf5c \uc2a4\ud504\ub808\ub4dc(\ucf5c \uc2a4\ud504\ub808\ub4dc \ub9e4\ub3c4) \uad6c\ucd95\uc774 \uc774\ub7ec\ud55c \uad00\uc810\uc744 \ubc18\uc601\ud558\ub294 \ud6a8\uacfc\uc801\uc778 \ud3ec\uc9c0\uc154\ub2dd\uc774 \ub420 \uc218 \uc788\ub2e4. \uc774 \uc804\ub7b5\uc740 CHF\uac00 \ud6a1\ubcf4\ud558\uac70\ub098 \uc57d\uc138\ub85c \uc804\ud658\ub420 \uacbd\uc6b0 \uc720\ub9ac\ud558\uba70, SNB\uc758 \uac1c\uc785 \uacbd\uace0\uac00 \uae09\uaca9\ud55c \uc808\uc0c1\uc744 \ub9c9\ub294 \u2018\uc548\uc804\ud310\u2019 \uc5ed\ud560\uc744 \ud560 \uc218 \uc788\ub2e4.<\/p>\n<h3>Economic Backdrop and SNB\u2019s Track Record<\/h3>\n<p>SNB\uac00 \uc720\uc5f0\ud558\uac8c \ub300\uc751\ud560 \uc218 \uc788\ub294 \ubc30\uacbd\uc5d0\ub294 \uad6d\ub0b4 \uc778\ud50c\ub808\uc774\uc158\uc774 \uc5b5\uc81c\ub3fc \uc788\ub2e4\ub294 \uc810\uc774 \uc788\ub2e4. 2026\ub144 5\uc6d4 \ucd5c\uc2e0 \uc218\uce58\uc5d0\uc11c CPI\ub294 1.3%\uc5d0 \uadf8\ucce4\ub2e4. \uc774\ub294 \ubaa9\ud45c \ubc94\uc704 \ub0b4\uc5d0 \ucda9\ubd84\ud788 \ub4e4\uc5b4\uac00 \uc788\uc5b4, \ud658\uc728\uc5d0 \ubcf4\ub2e4 \uc9d1\uc911\ud560 \uc218 \uc788\ub294 \uc5ec\uc9c0\ub97c \uc81c\uacf5\ud55c\ub2e4. \ucd5c\uadfc \ud504\ub791 \uac15\uc138\ub294 \ud638\ub974\ubb34\uc988 \ud574\ud611\uc744 \ub458\ub7ec\uc2fc \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uc774 \uc7ac\uc810\ud654\ub418\uba70 \uc548\uc804\uc790\uc0b0 \uc218\uc694\uac00 \ucee4\uc9c4 \uc601\ud5a5\uc774 \ud06c\ub2e4.<\/p>\n<p>\uac1c\uc785 \uc131\ud5a5\uc740 \uc57d\ud654\ub418\ub294 \uacbd\uc81c\uc9c0\ud45c\uc5d0 \uc758\ud574 \ucd94\uac00\ub85c \uc815\ub2f9\ud654\ub41c\ub2e4. 2026\ub144 1\ubd84\uae30 \uc2a4\uc704\uc2a4 \uc218\ucd9c\uc8fc\ubb38\uc740 0.5% \uac10\uc18c\ud588\ub294\ub370, \ud1b5\ud654 \uace0\ud3c9\uac00\uac00 \uc774\ub7ec\ud55c \ud750\ub984\uc744 \ub354 \uc545\ud654\uc2dc\ud0a4\uace0 \uc788\uc744 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4. \ud504\ub791 \uac15\uc138\ub294 \ud574\uc678\uc5d0\uc11c \uc2a4\uc704\uc2a4 \uc81c\ud488 \uac00\uaca9\uc744 \ub04c\uc5b4\uc62c\ub824, \ud575\uc2ec \uc218\ucd9c \ubd80\ubb38\uc5d0 \ubd80\ub2f4\uc744 \uc900\ub2e4.<\/p>\n<p>\ub610\ud55c 2011~2015\ub144 \ud504\ub791-\uc720\ub85c \ud398\uadf8\ub97c \ud3ec\ud568\ud55c SNB\uc758 \ub300\uaddc\ubaa8\u00b7\ub2e8\ud638\ud55c \uac1c\uc785 \uc804\ub825\uc744 \uc0c1\uae30\ud560 \ud544\uc694\uac00 \uc788\ub2e4. \uc774\ub294 SNB\uac00 \uc6d0\ud558\ub294 \ud658\uc728 \uc218\uc900\uc744 \uad00\ucca0\ud560 \uc758\uc9c0\uc640 \uc7ac\uc815\uc801 \ud654\ub825\uc744 \ubaa8\ub450 \uac16\ucd94\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4. \ub530\ub77c\uc11c \ucd5c\uadfc \ubc1c\uc5b8\uc740 \ub192\uc740 \uc2e0\ub8b0\ub3c4\ub85c \ubc1b\uc544\ub4e4\uc5ec\uc57c \ud55c\ub2e4.<\/p>\n<p>\ud5a5\ud6c4 \uc2dc\uc7a5\uc758 \uc2dc\uc120\uc740 2026\ub144 6\uc6d4 18\uc77c \uc608\uc815\ub41c SNB\uc758 \ud1b5\ud654\uc815\ucc45 \ud3c9\uac00\uc5d0 \uc9d1\uc911\ub420 \uc804\ub9dd\uc774\ub2e4. \ud2b8\ub808\uc774\ub354\ub4e4\uc740 \uc815\ucc45\uc758 \uacf5\uc2dd \ubcc0\uacbd \uc2e0\ud638\ub294 \ubb3c\ub860, \ud1b5\ud654 \uc57d\uc138\ub97c \uc720\ub3c4\ud558\uae30 \uc704\ud55c \u2018\uae5c\uc9dd\u2019 \uae08\ub9ac \uc778\ud558 \uac00\ub2a5\uc131\uae4c\uc9c0 \uc5fc\ub450\uc5d0 \ub450\uace0, \uc131\uba85\uacfc \ubb38\uad6c \ubcc0\ud654\ub97c \uba74\ubc00\ud788 \ubaa8\ub2c8\ud130\ub9c1\ud574\uc57c \ud55c\ub2e4. \uc774\ubc88 \ud68c\uc758\ub294 \ud5a5\ud6c4 \uc218\uac1c\uc6d4\uac04 CHF\uc758 \uac70\ub798 \ubc94\uc704\ub97c \uaddc\uc815\ud560 \ud575\uc2ec \uc774\ubca4\ud2b8\uac00 \ub420 \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201c\ud504\ub791 \uac15\uc138 \uc0c1\ub2e8 \uc5f4\ub9ac\ub098\u201d\u2014SNB \uc290\ub808\uac94, \uc911\ub3d9 \uae34\uc7a5 \uc18d CHF \uc77c\ubc29 \uc808\uc0c1 \uc5b5\uc81c \uc704\ud574 \uc678\ud658\uc2dc\uc7a5 \uac1c\uc785 \uc900\ube44 \uac15\ud654. \ubb3c\uac00 1.3%\u00b7\uc218\ucd9c \ub454\ud654 \ubc30\uacbd, \uc635\uc158 \ub9e4\ub3c4 \uae30\ud68c. 6\uc6d418\uc77c \uc8fc\ubaa9.<\/p>\n","protected":false},"author":87,"featured_media":47711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-49167","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\/49167","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=49167"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/49167\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media\/47711"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=49167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=49167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=49167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}