{"id":49478,"date":"2026-06-09T13:53:59","date_gmt":"2026-06-09T13:53:59","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ed%97%9d%ea%b0%80%eb%a6%ac-5%ec%9b%94-cpi-%ec%98%88%ec%83%81%ec%b9%98-%ed%95%98%ed%9a%8c%ec%97%90-nbh-%ea%b8%88%eb%a6%ac-%ec%9d%b8%ed%95%98-%ec%9e%ac%ea%b0%9c-%ea%b8%b0%eb%8c%80-%ec%9e%ac%ec%a0%90\/"},"modified":"2026-06-09T13:53:59","modified_gmt":"2026-06-09T13:53:59","slug":"%ed%97%9d%ea%b0%80%eb%a6%ac-5%ec%9b%94-cpi-%ec%98%88%ec%83%81%ec%b9%98-%ed%95%98%ed%9a%8c%ec%97%90-nbh-%ea%b8%88%eb%a6%ac-%ec%9d%b8%ed%95%98-%ec%9e%ac%ea%b0%9c-%ea%b8%b0%eb%8c%80-%ec%9e%ac%ec%a0%90","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ed%97%9d%ea%b0%80%eb%a6%ac-5%ec%9b%94-cpi-%ec%98%88%ec%83%81%ec%b9%98-%ed%95%98%ed%9a%8c%ec%97%90-nbh-%ea%b8%88%eb%a6%ac-%ec%9d%b8%ed%95%98-%ec%9e%ac%ea%b0%9c-%ea%b8%b0%eb%8c%80-%ec%9e%ac%ec%a0%90\/","title":{"rendered":"\ud5dd\uac00\ub9ac 5\uc6d4 CPI \uc608\uc0c1\uce58 \ud558\ud68c\uc5d0 NBH \uae08\ub9ac \uc778\ud558 \uc7ac\uac1c \uae30\ub300 \uc7ac\uc810\ud654\u2026\ud3ec\ub9b0\ud2b8, \uc720\ub85c\/\ud3ec\ub9b0\ud2b8(EUR\/HUF) \uc218\uc900\uc5d0\uc11c \ubcf4\ud569"},"content":{"rendered":"<p>\ud5dd\uac00\ub9ac\uc758 5\uc6d4 \uc18c\ube44\uc790\ubb3c\uac00(CPI)\ub294 \uc804\ub144\ub3d9\uc6d4\ub300\ube44 1.8%\ub85c \uc720\uc9c0\ub418\uba70 \uc2dc\uc7a5 \uc608\uc0c1\uce58 2.2%\uc640 \ud5dd\uac00\ub9ac \uc911\uc559\uc740\ud589(NBH)\uc774 3\uc6d4 \uc778\ud50c\ub808\uc774\uc158 \ubcf4\uace0\uc11c\uc5d0\uc11c \uc81c\uc2dc\ud55c 3% \uc804\ub9dd\uce58\ub97c \ud558\ud68c\ud588\ub2e4. \uc774 \uc218\uce58\ub294 4\uc6d4 \ucd1d\uc120 \uc774\ud6c4 \uad6d\ub0b4 \ub514\uc2a4\uc778\ud50c\ub808\uc774\uc158(\ubb3c\uac00\uc0c1\uc2b9 \ub454\ud654) \ud750\ub984\uc5d0 \ub300\ud55c \uad00\uc2ec\uc744 \uc774\uc5b4\uac00\uac8c \ud55c\ub2e4. \uc774 \uae30\uac04 \uae09\uaca9\ud55c \uc678\ud658 \uac00\uce58 \uc0c1\uc2b9\uacfc \uac00\uaca9 \uc5b5\uc81c(\uac00\uaca9 \ubc29\ud328) \uc870\uce58\uac00, \uae00\ub85c\ubc8c \uc778\ud50c\ub808\uc774\uc158 \uc555\ub825\uc774 \ub354 \ud070 \ud658\uacbd\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \ubb3c\uac00\ub97c \uc5b5\ub20c\ub800\ub2e4.<\/p>\n<p>\uc2dc\uc7a5\uc740 6\uc6d4 NBH\uc758 \uc644\ud654 \uc0ac\uc774\ud074\uc774 \uc0ac\uc2e4\uc0c1 \uc804\uba74 \ubc18\uc601\ub410\ub2e4\uace0 \uc810\uc810 \ub354 \ud310\ub2e8\ud558\uace0 \uc788\ub2e4. 25bp \uc778\ud558\ub85c \uae30\uc900\uae08\ub9ac\uac00 6.00%\ub85c \ub0b4\ub824\uac08 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\uba70, \uc5f0\uac04 \ucd1d 75bp \uc644\ud654\uac00 \uc804\ub9dd\ub41c\ub2e4. \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c\ub294 EUR\/HUF\uac00 355 \ubd80\uadfc\uc5d0\uc11c \uac70\ub798\ub418\uba70, \uae00\ub85c\ubc8c \ud22c\uc790\uc2ec\ub9ac\uac00 \uc545\ud654\ub418\ub294 \uac00\uc6b4\ub370\uc11c\ub3c4 \ube44\uad50\uc801 \uc548\uc815\uc801\uc778 \ud750\ub984\uc744 \ubcf4\uc600\ub2e4. \uae08\ub9ac\uc778\ud558 \uae30\ub300\uac00 \uad73\uc5b4\uc9c0\uba74\uc11c \uc5f0\uc911 \uc911\ubc18 350 \uc218\uc900\ub3c4 \uc5ec\uc804\ud788 \uc2dc\uc57c\uc5d0 \uc788\ub2e4. 6\uc6d4 \ud68c\uc758\ub294 2\uc8fc \uc55e\uc73c\ub85c \ub2e4\uac00\uc654\uc9c0\ub9cc, \uc8fc\ub9d0 \uc911\ub3d9 \uae34\uc7a5 \uace0\uc870\uc640 \ub2ec\ub7ec \uac15\uc138 \ub4f1 \ub300\uc678 \uc5ec\uac74\uc740 \uc5ec\uc804\ud788 \ubcc0\ub3d9 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4.<\/p>\n<h3>\ub514\uc2a4\uc778\ud50c\ub808\uc774\uc158 \uc804\uac1c\uc640 \ud1b5\ud654\uc815\ucc45 \uc804\ub9dd<\/h3>\n<p>\ud5dd\uac00\ub9ac\uc758 \ub3c5\ud2b9\ud55c \ub514\uc2a4\uc778\ud50c\ub808\uc774\uc158 \uc2a4\ud1a0\ub9ac\ub294 \uc774\uc5b4\uc9c0\uace0 \uc788\ub294 \uac83\uc73c\ub85c \ud310\ub2e8\ub41c\ub2e4. 5\uc6d4 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc740 \uc804\ub144\ub3d9\uc6d4\ub300\ube44 2.8%\ub85c, NBH\uc758 \ubaa9\ud45c\uce58 3%\ub97c \uc18c\ud3ed \ud558\ud68c\ud588\ub2e4. \uc774\ucc98\ub7fc \ub0ae\uc740 \ubb3c\uac00 \uc9c0\ud45c\ub294 \uc911\uc559\uc740\ud589\uc774 \uc644\ud654 \uc0ac\uc774\ud074\uc744 \uc9c4\ud589\ud560 \uac83\uc774\ub77c\ub294 \uc6b0\ub9ac\uc758 \uc2dc\uac01\uc744 \uac15\ud654\ud55c\ub2e4. \uc2dc\uc7a5\uc774 \uc774\ubbf8 \uc774\ub97c \uc608\uc0c1\ud574 \uc654\ub2e4\ub294 \uc810\uc774 \ucd5c\uadfc \ud3ec\ub9b0\ud2b8\ud654\uc758 \uacac\uc870\ud568\uc744 \uc124\uba85\ud558\ub294 \ub370 \ub3c4\uc6c0\uc774 \ub41c\ub2e4.<\/p>\n<p>2\uc8fc \ub4a4 \uc608\uc815\ub41c NBH \ud68c\uc758\uc5d0\uc11c\ub294 25bp \uae08\ub9ac\uc778\ud558\uac00 \uac70\uc758 \ud655\uc2e4\uc2dc\ub418\uba70, \uc815\ucc45\uae08\ub9ac\ub294 5.25%\ub85c \ub0ae\uc544\uc9c8 \uc804\ub9dd\uc774\ub2e4. \ubb3c\uac00 \uc555\ub825\uc774 \uc81c\ud55c\uc801\uc778 \ub9cc\ud07c, \uc5f0\ub9d0\uae4c\uc9c0 \ucd94\uac00 50~75bp \uc778\ud558\uac00 \ubc18\uc601\ub418\ub294 \uac83\uc740 \uc2dc\uc7a5\uc774 \ud569\ub9ac\uc801\uc73c\ub85c \uac00\uaca9\uc5d0 \ubc18\uc601\ud558\uace0 \uc788\ub2e4\uace0 \ubcf8\ub2e4. \uc911\uc559\uc740\ud589\uc758 \ucd5c\uadfc \ucee4\ubba4\ub2c8\ucf00\uc774\uc158\uc740 \uc2e0\uc911\ud55c \uc811\uadfc\uc744 \uc2dc\uc0ac\ud588\uc73c\uba70, \ub2f9\ubd84\uac04 \uacf5\uaca9\uc801\uc778 50bp \uc778\ud558 \uac00\ub2a5\uc131\uc740 \ubc30\uc81c\ud558\ub294 \ubd84\uc704\uae30\ub2e4.<\/p>\n<h3>\ud658\uc728 \uc548\uc815\uc131\uacfc \ud2b8\ub808\uc774\ub529 \uc2dc\uc0ac\uc810<\/h3>\n<p>\uae08\ub9ac \ud558\ub77d \uc804\ub9dd\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 EUR\/HUF\ub294 392 \uc218\uc900 \ubd80\uadfc\uc5d0\uc11c \ub208\uc5d0 \ub744\ub294 \uc548\uc815\uc138\ub97c \ubcf4\uc600\ub2e4. \uc774\ub294 NBH\uc758 \uc810\uc9c4\uc801 \uc644\ud654 \uacbd\ub85c\uac00 \ucda9\ubd84\ud788 \uc0ac\uc804\uc5d0 \uc608\uace0\ub3fc \uc654\uace0, \uc774\ubbf8 \uac00\uaca9\uc5d0 \ubc18\uc601\ub3fc \uc788\uae30 \ub54c\ubb38\uc774\ub2e4. \uc774\ub7ec\ud55c \ud328\ud134\uc740 2023~2024\ub144\uc5d0 NBH\uac00 500bp \uc774\uc0c1 \uae08\ub9ac\ub97c \uc778\ud558\ud558\ub294 \ub3d9\uc548\uc5d0\ub3c4 \ud3ec\ub9b0\ud2b8\uac00 \ube44\uad50\uc801 \uc881\uc740 \ubc94\uc704\uc5d0\uc11c \uc548\uc815\uc801\uc73c\ub85c \uc6c0\uc9c1\uc600\ub358 \uad6d\uba74\uc744 \uc5f0\uc0c1\uc2dc\ud0a8\ub2e4.<\/p>\n<p>\uae08\ub9ac\uc778\ud558\uac00 \uc120\ubc18\uc601\ub418\uace0 \ud658\uc728 \ubcc0\ub3d9\uc131\uc774 \ub0ae\uc740 \ud658\uacbd\uc740 \uc635\uc158 \ud2b8\ub808\uc774\ub354\uc5d0\uac8c \uc720\ub9ac\ud55c \uad6c\ub3c4\ub97c \uc81c\uacf5\ud55c\ub2e4. \uc6b0\ub9ac\ub294 EUR\/HUF\uc758 \uc678\uac00\uaca9(out-of-the-money) \ucf5c\uc635\uc158 \ub9e4\ub3c4\uac00, \uc548\uc815\uc801\uc774\uac70\ub098 \uac15\uc138\ub97c \ubcf4\uc77c \uc218 \uc788\ub294 \ud3ec\ub9b0\ud2b8 \uc804\ub9dd\uc744 \ud65c\uc6a9\ud558\ub294 \ub9e4\ub825\uc801\uc778 \uc804\ub7b5\uc774\ub77c\uace0 \ubcf8\ub2e4. \ud658\uc728\uc774 \ud070 \ud3ed\uc73c\ub85c \uc0c1\ubc29 \uc774\ud0c8\ud560 \uac00\ub2a5\uc131\uc774 \uc81c\ud55c\uc801\uc778 \uac00\uc6b4\ub370 \ud504\ub9ac\ubbf8\uc5c4\uc744 \ud655\ubcf4\ud560 \uc218 \uc788\uc73c\uba70, \ub2f9\uc0ac\uc758 \uc5f0\uc911 \uc911\ubc18 \uc804\ub9dd\uc740 388 \uc218\uc900\uc73c\ub85c\uc758 \uc774\ub3d9\uc744 \uc5ec\uc804\ud788 \ubaa9\ud45c\ub85c \ud55c\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201c\ud5dd\uac00\ub9ac \ubb3c\uac00 \ucda9\uaca9 \ud558\ud68c\u201d\u20265\uc6d4 CPI 1.8%\ub85c \uc608\uc0c1\u00b7NBH \uc804\ub9dd \ubc11\ub3cc\uba70 6\uc6d4 25bp \uc778\ud558 \uc720\ub825. \ud3ec\ub9b0\ud2b8\ub294 \uc548\uc815, EUR\/HUF 350\ub300 \uc2dc\uc57c. \uc635\uc158\ub9e4\ub3c4 \uc804\ub7b5 \ubd80\uac01.<\/p>\n","protected":false},"author":87,"featured_media":47709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-49478","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\/49478","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=49478"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/49478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media\/47709"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=49478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=49478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=49478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}