{"id":49182,"date":"2026-06-02T20:45:50","date_gmt":"2026-06-02T20:45:50","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ed%8f%b4%eb%9e%80%eb%93%9c-%ec%a4%91%ec%95%99%ec%9d%80%ed%96%89-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%9c%84%ed%97%98%c2%b7%ec%a6%88%ec%9b%8c%ed%8b%b0-%eb%b3%80%eb%8f%99%ec%84%b1\/"},"modified":"2026-06-02T20:45:50","modified_gmt":"2026-06-02T20:45:50","slug":"%ed%8f%b4%eb%9e%80%eb%93%9c-%ec%a4%91%ec%95%99%ec%9d%80%ed%96%89-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%9c%84%ed%97%98%c2%b7%ec%a6%88%ec%9b%8c%ed%8b%b0-%eb%b3%80%eb%8f%99%ec%84%b1","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ed%8f%b4%eb%9e%80%eb%93%9c-%ec%a4%91%ec%95%99%ec%9d%80%ed%96%89-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%9c%84%ed%97%98%c2%b7%ec%a6%88%ec%9b%8c%ed%8b%b0-%eb%b3%80%eb%8f%99%ec%84%b1\/","title":{"rendered":"\ud3f4\ub780\ub4dc \uc911\uc559\uc740\ud589, \uc778\ud50c\ub808\uc774\uc158 \uc704\ud5d8\u00b7\uc988\uc6cc\ud2f0 \ubcc0\ub3d9\uc131 \uc9c0\uc18d \uc18d \uae30\uc900\uae08\ub9ac 3.75% \ub3d9\uacb0"},"content":{"rendered":"<p>\ud3f4\ub780\ub4dc \uc911\uc559\uc740\ud589(NBP)\uc740 3\uc77c \uae30\uc900\uae08\ub9ac\ub97c 3.75%\ub85c \ub3d9\uacb0\ud588\ub2e4. \uc2dc\uc7a5 \uc608\uc0c1\uacfc \ubd80\ud569\ud558\ub294 \uacb0\uc815\uc73c\ub85c, NBP\ub294 \ud5a5\ud6c4 \uc815\ucc45 \ud310\ub2e8\uc744 \uc88c\uc6b0\ud560 \uc0c8\ub85c\uc6b4 \uc9c0\ud45c\ub97c \uae30\ub2e4\ub9ac\uba70 \uc2e0\uc911\ud55c \ud0dc\ub3c4\ub97c \uc720\uc9c0\ud558\uace0 \uc788\ub2e4\uace0 \uc124\uba85\ud588\ub2e4. \ud1b5\ud654\ub2f9\uad6d\uc740 \uc131\uc7a5\uacfc \ubb3c\uac00 \uc804\ub9dd\uc774 \ub2e4\uc74c \uc870\uce58\uc758 \ud575\uc2ec \uacb0\uc815 \uc694\uc778\uc774 \ub420 \uac83\uc774\ub77c\uba70, \uc778\ud50c\ub808\uc774\uc158 \ub9ac\uc2a4\ud06c\uc5d0 \ub300\ud55c \uacbd\uacc4\ub97c \uc720\uc9c0\ud55c \ucc44 \uad00\ub9dd \uae30\uc870\ub97c \uc774\uc5b4\uac00\uaca0\ub2e4\uace0 \ubc1d\ud614\ub2e4.<\/p>\n<p>NBP\ub294 \uc7ac\uc815\uc815\ucc45, \ub192\uc740 \uc784\uae08\uc0c1\uc2b9\ub960, \uc5f0\ub8cc\ube44\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce58\ub294 \ubc95\uc548 \ub4f1 \uc778\ud50c\ub808\uc774\uc158 \uacbd\ub85c\ub97c \ubcf5\uc7a1\ud558\uac8c \ub9cc\ub4e4 \uc218 \uc788\ub294 \uc694\uc778\ub4e4\uc744 \uc9c0\ubaa9\ud558\uba70, \uc774\ub4e4\uc774 \uc18c\ube44\uc790\ubb3c\uac00\uc5d0 \uc0c1\ubc29 \uc555\ub825\uc744 \uac00\ud560 \uc218 \uc788\ub2e4\uace0 \uacbd\uace0\ud588\ub2e4. \ub610\ud55c \ub300\uc678 \ud658\uacbd\uacfc \uad00\ub828\ud574 \uc9c0\uc815\ud559\uc801 \ubd88\ud655\uc2e4\uc131 \ud655\ub300\uac00 \ud3f4\ub780\ub4dc \uacbd\uc81c\uc758 \uc9c0\uc18d\uc801\uc778 \ub9ac\uc2a4\ud06c\ub77c\uace0 \uc5b8\uae09\ud588\uc73c\uba70, \uc988\uc6cc\ud2f0\ud654 \ubcc0\ub3d9\uc131\uc774 \ucee4\uc9c8 \uacbd\uc6b0 \uc678\ud658(FX)\uc2dc\uc7a5\uc5d0 \uac1c\uc785\ud560 \uc900\ube44\uac00 \ub3fc \uc788\ub2e4\ub294 \uae30\uc874 \uc785\uc7a5\uc744 \uc7ac\ud655\uc778\ud588\ub2e4. \uacb0\uc815 \uc774\ud6c4 EUR\/PLN\uc740 4.2370 \ubd80\uadfc\uc5d0\uc11c 4.2340 \uc218\uc900\uc73c\ub85c \uc18c\ud3ed \ud558\ub77d\ud588\uc73c\uba70, 200\uc77c \ub2e8\uc21c\uc774\ub3d9\ud3c9\uade0\uc120(SMA) \ubc14\ub85c \uc544\ub798\uc5d0\uc11c \uac70\ub798\ub410\ub2e4.<\/p>\n<h3>NBP\uc758 \ub9e4\ud30c\uc801 \ub3d9\uacb0\uacfc \uc815\ucc45 \uc2dc\uc0ac\uc810<\/h3>\n<p>NBP\uac00 \uae30\uc900\uae08\ub9ac\ub97c 3.75%\ub85c \uc720\uc9c0\ud55c \uacb0\uc815\uc5d0 \ube44\ucdb0\ubcfc \ub54c, \ub2e8\uae30\uc801\uc73c\ub85c \ud3f4\ub780\ub4dc \uc988\uc6cc\ud2f0\ud654\ub294 \ube44\uad50\uc801 \uc881\uc740 \ubc94\uc704 \ub0b4\uc5d0\uc11c \uc6c0\uc9c1\uc77c \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4\uace0 \ud310\ub2e8\ud55c\ub2e4. \uc911\uc559\uc740\ud589\uc758 \u2018\uad00\ub9dd(wait-and-see)\u2019 \uc811\uadfc\uc740 \ub2f9\ubd84\uac04 \ub69c\ub837\ud55c \ubc29\ud5a5\uc131 \ucd09\ub9e4\ub97c \uc57d\ud654\uc2dc\ud0a8\ub2e4. 2026\ub144 5\uc6d4 \uc778\ud50c\ub808\uc774\uc158\uc774 4\uc6d4 3.0%\uc5d0\uc11c 3.4%(\uc804\ub144 \ub300\ube44)\ub85c \uc18c\ud3ed \ubc18\ub4f1\ud55c \ucd5c\uadfc \uc218\uce58 \uc5ed\uc2dc \uc774\ub7ec\ud55c \uc2e0\uc911\ud55c \uc2a4\ud0e0\uc2a4\ub97c \uac15\ud654\ud558\uba70, \uc81c\ud55c\uc801\uc778 \ubcc0\ub3d9\uc131 \uc804\ub9dd\uc744 \ub4b7\ubc1b\uce68\ud55c\ub2e4.<\/p>\n<p>\ud604\uc7ac NBP\uc758 \uc785\uc7a5\uc740 \uc131\uc7a5 \ub454\ud654\ubcf4\ub2e4 \uc778\ud50c\ub808\uc774\uc158\uc744 \ub354 \uc6b0\ub824\ud558\uace0 \uc788\ub2e4\ub294 \uc810\uc5d0\uc11c \u2018\ub9e4\ud30c\uc801 \ub3d9\uacb0(hawkish hold)\u2019\ub85c \ud574\uc11d\ud55c\ub2e4. 2026\ub144 1\ubd84\uae30 \uc784\uae08\uc0c1\uc2b9\ub960\uc774 \uc804\ub144 \ub300\ube44 11.5% \uc99d\uac00\ud558\ub294 \ub4f1 \uc784\uae08 \uc0c1\uc2b9 \uc555\ub825\uc774 \uac15\ud55c \ub9cc\ud07c, \uc911\uc559\uc740\ud589\uc774 \uc644\ud654\ub85c \uc120\ud68c\ud560 \uc720\uc778\uc774 \ud06c\uc9c0 \uc54a\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc5f0\ub9d0(\ud558\ubc18\uae30) \uae08\ub9ac \uc778\ud558\uc5d0 \ubca0\ud305\ud558\ub294 \ud30c\uc0dd \ud3ec\uc9c0\uc158\uc740 \uc9c0\uc591\ud558\ub294 \uac83\uc774 \ubc14\ub78c\uc9c1\ud558\ub2e4\uace0 \ubcf8\ub2e4.<\/p>\n<h3>\uc2dc\uc7a5 \ubcc0\ub3d9\uc131, \uc635\uc158 \uc804\ub7b5, FX \uac1c\uc785<\/h3>\n<p>\ubd88\ud655\uc2e4\uc131\uc774 \ub192\uc740 \uac00\uc6b4\ub370 \uc815\ucc45 \uae30\uc870\uac00 \ud655\uace0\ud55c \ud604 \ud658\uacbd\uc740 \uc988\uc6cc\ud2f0\ud654 \ud1b5\ud654\uc635\uc158\uc758 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(IV)\uc744 \ub192\uc740 \uc218\uc900\uc73c\ub85c \uc720\uc9c0\uc2dc\ud0a4\ub294 \uc694\uc778\uc774 \ub420 \uc218 \uc788\ub2e4. 2023\ub144\uacfc \uac19\uc740 \uc9c0\uc815\ud559\uc801 \uae34\uc7a5 \uad6d\uba74\uc744 \ubcf4\uba74, \ud658\uc728\uc774 \ubc15\uc2a4\uad8c\uc5d0\uc11c \ud6a1\ubcf4\ud558\ub294 \ub3d9\uc548\uc5d0\ub3c4 \ubcc0\ub3d9\uc131\uc740 \ub192\uac8c \uc720\uc9c0\ub410\uace0, \uc774\ub294 \uc635\uc158 \ub9e4\ub3c4 \uc804\ub7b5\uc5d0 \uc6b0\ud638\uc801\uc778 \ud658\uacbd\uc744 \uc81c\uacf5\ud588\ub2e4. \ud5a5\ud6c4 \uba87 \uc8fc \ub3d9\uc548 EUR\/PLN \uc2a4\ud2b8\ub7ad\uae00(strangle)\uc744 \ub9e4\ub3c4\ud574 \ud504\ub9ac\ubbf8\uc5c4\uc744 \ud655\ubcf4\ud558\uba74\uc11c, \ud658\uc728\uc774 \uc8fc\uc694 \uae30\uc220\uc801 \ub808\ubca8 \uc0ac\uc774 \ubc94\uc704\uc5d0 \uba38\ubb38\ub2e4\ub294 \uc2dc\ub098\ub9ac\uc624\uc5d0 \ubca0\ud305\ud560 \uae30\ud68c\uac00 \uc788\ub2e4\uace0 \ubcf8\ub2e4.<\/p>\n<p>\ub610\ud55c NBP\uc758 FX\uc2dc\uc7a5 \uac1c\uc785 \uac00\ub2a5\uc131 \uacbd\uace0\ub294 \uc988\uc6cc\ud2f0\ud654 \uc57d\uc138 \ud3ed\uc744 \uc81c\ud55c\ud558\ub294 \uc694\uc778\uc73c\ub85c \uc791\uc6a9\ud560 \uc218 \uc788\uc5b4, \uc774\ub97c \ub9e4\uc6b0 \uc911\uc694\ud558\uac8c \ud3c9\uac00\ud55c\ub2e4. NBP\ub294 \ud2b9\ud788 2024\ub144\uc5d0 \uc720\ub85c \ub300\ube44 \ud658\uc728\uc774 \uc2ec\ub9ac\uc801 \uc911\uc694 \uad6c\uac04\uc5d0 \uc811\uadfc\ud560 \ub54c \ud1b5\ud654\uac00\uce58\ub97c \ubc29\uc5b4\ud558\uae30 \uc704\ud574 \uad6c\ub450\uac1c\uc785\uc744 \ud65c\uc6a9\ud55c \uc804\ub825\uc774 \uc788\ub2e4. \uc774 \ub54c\ubb38\uc5d0 EUR\/PLN\uc758 \uc7a5\uc678(out-of-the-money) \ucf5c\uc635\uc158\uc744 \uacfc\ub3c4\ud558\uac8c \ub9e4\uc218\ud558\ub294 \uc804\ub7b5\uc5d0\ub294 \uc2e0\uc911\ud560 \ud544\uc694\uac00 \uc788\ub2e4. \uc911\uc559\uc740\ud589\uc758 \uc874\uc7ac\uac10\uc774 \uae09\ub4f1 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c \uc7a0\uc7ac \uc218\uc775\uc744 \uc81c\ud55c\ud560 \uc218 \uc788\uae30 \ub54c\ubb38\uc774\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201c\ub9e4\ud30c\uc801 \ub3d9\uacb0\u201d \ud3f4\ub780\ub4dc NBP, \uae30\uc900\uae08\ub9ac 3.75% \uc720\uc9c0\u2026\uc784\uae08\u00b7\uc7ac\uc815\u00b7\uc5f0\ub8cc \ubcc0\uc218\ub85c \uc778\ud50c\ub808 \uacbd\uacc4, \uc9c0\uc815\ud559 \ub9ac\uc2a4\ud06c \uc8fc\uc2dc. PLN \ubc15\uc2a4\uad8c \uc18d IV \uace0\uacf5\ud589\uc9c4, FX\uac1c\uc785 \uacbd\uace0\uc5d0 \uae09\ub4f1 \ubca0\ud305 \uc8fc\uc758.<\/p>\n","protected":false},"author":87,"featured_media":47717,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-49182","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\/49182","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=49182"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/49182\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media\/47717"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=49182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=49182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=49182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}