{"id":49727,"date":"2026-06-12T11:53:31","date_gmt":"2026-06-12T11:53:31","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%a7%88%ed%81%b4%eb%a3%a8%ed%94%84-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ed%99%95%ec%82%b0%ec%97%90-ecb%ec%9d%98-%ec%8b%a0%ec%86%8d%ed%95%9c-%eb%8c%80%ec%9d%91-%ec%b4%89%ea%b5%ac\/"},"modified":"2026-06-12T11:53:31","modified_gmt":"2026-06-12T11:53:31","slug":"%eb%a7%88%ed%81%b4%eb%a3%a8%ed%94%84-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ed%99%95%ec%82%b0%ec%97%90-ecb%ec%9d%98-%ec%8b%a0%ec%86%8d%ed%95%9c-%eb%8c%80%ec%9d%91-%ec%b4%89%ea%b5%ac","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%a7%88%ed%81%b4%eb%a3%a8%ed%94%84-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ed%99%95%ec%82%b0%ec%97%90-ecb%ec%9d%98-%ec%8b%a0%ec%86%8d%ed%95%9c-%eb%8c%80%ec%9d%91-%ec%b4%89%ea%b5%ac\/","title":{"rendered":"\ub9c8\ud074\ub8e8\ud504, \uc778\ud50c\ub808\uc774\uc158 \ud655\uc0b0\uc5d0 ECB\uc758 \uc2e0\uc18d\ud55c \ub300\uc751 \ucd09\uad6c\u2026\uc2dc\uc7a5\uc120 \uae08\ub9ac\uc778\ud558 \ubca0\ud305 \ud655\ub300\u00b7\uc720\ub85c\ud654 \ubcc0\ub3d9\uc131 \uc0c1\uc2b9"},"content":{"rendered":"<p>ECB \uc815\ucc45\uc704\uc6d0\uc778 \uac00\ube0c\ub9ac\uc5d8 \ub9c8\ud074\ub8e8\ud504\ub294 \uae08\uc694\uc77c \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc774 \uc778\ud50c\ub808\uc774\uc158 \uc555\ub825\uc744 \uc120\uc81c\uc801\uc73c\ub85c \uc5b5\uc81c\ud558\uae30 \uc704\ud574 \ud1b5\ud654\uc815\ucc45\uc744 \uc2e0\uc18d\ud788 \uc870\uc815\ud560 \ud544\uc694\uac00 \uc788\uc73c\uba70, \ubb3c\uac00 \uc0c1\uc2b9\uc774 \ub354 \uad11\ubc94\uc704\ud558\uac8c \ud655\uc0b0\ub418\uace0 \uc788\ub2e4\uace0 \ubc1d\ud614\ub2e4. \uadf8\ub294 \uc720\ub7fd\uc7a5 \uc911 \uc804\ud574\uc9c4 \ubc1c\uc5b8\uc5d0\uc11c \u2018\uc544\ubb34\uac83\ub3c4 \ud558\uc9c0 \uc54a\ub294 \uac83\u2019\uc740 \uc815\ucc45 \uc2e4\uc218\uac00 \ub420 \uac83\uc774\ub77c\uace0 \ub367\ubd99\uc600\ub2e4.<\/p>\n<p>\uc2dc\uc7a5\uc740 \uc81c\ud55c\uc801\uc73c\ub85c \ubc18\uc751\ud588\ub2e4. \uc720\ub7fd \uac70\ub798\uc2dc\uac04 \ub3d9\uc548 EUR\/USD\ub294 ECB \ubc1c\uc5b8\ubcf4\ub2e4\ub294 \ub2ec\ub7ec \ud750\ub984\uc5d0 \uc758\ud574 \uc88c\uc6b0\ub418\ub294 \uac83\uc73c\ub85c \ud3c9\uac00\ub410\uace0, \ud658\uc728\uc740 \uc57d 1.1560\uc5d0\uc11c 0.15% \ud558\ub77d\ud588\ub2e4. \ud504\ub791\ud06c\ud478\ub974\ud2b8\uc5d0 \ubcf8\ubd80\ub97c \ub454 ECB\ub294 \ubb3c\uac00\uc548\uc815(\uc778\ud50c\ub808\uc774\uc158 \uc57d 2%)\uc744 \ubaa9\ud45c\ub85c \uc720\ub85c\uc874 \ud1b5\ud654\uc815\ucc45\uc744 \uc6b4\uc601\ud558\uba70, \uc8fc\ub41c \uc218\ub2e8\uc740 \uae30\uc900\uae08\ub9ac\ub2e4. \uc815\ucc45\uc704\uc6d0\ud68c\ub294 \uc5f0 8\ud68c \ud68c\uc758\ub97c \uc5f4\uace0 \uac01\uad6d \uc911\uc559\uc740\ud589 \ucd1d\uc7ac\ub4e4\uacfc \ud06c\ub9ac\uc2a4\ud2f4 \ub77c\uac00\ub974\ub4dc \ucd1d\uc7ac\ub97c \ud3ec\ud568\ud55c 6\uba85\uc758 \uc0c1\uc784\uc774\uc0ac\ub85c \uad6c\uc131\ub41c\ub2e4. \uadf9\ub2e8\uc801 \uc0c1\ud669\uc5d0\uc11c\ub294 2009~2011\ub144, 2015\ub144, \ucf54\ub85c\ub09819 \ud32c\ub370\ubbf9 \uae30\uac04\uc5d0 \uc0ac\uc6a9\ub41c \uc591\uc801\uc644\ud654(QE)\ub97c \ub3d9\uc6d0\ud560 \uc218 \uc788\uc73c\uba70, \uc591\uc801\uae34\ucd95(QT)\uc740 \uc2e0\uaddc \ucc44\uad8c \ub9e4\uc785\uc744 \uc911\ub2e8\ud558\uace0 \ub9cc\uae30 \ub3c4\ub798 \uc6d0\uae08\uc758 \uc7ac\ud22c\uc790\ub97c \uc911\ub2e8\ud574 QE\ub97c \ub418\ub3cc\ub9ac\ub294 \uc870\uce58\ub2e4.<\/p>\n<h3>\ub9e4\ud30c\uc801 \uc2e0\ud638\uc640 \uc2dc\uc7a5 \ubc18\uc751<\/h3>\n<p>ECB \ub0b4\ubd80\uc5d0\uc11c \ub9e4\ud30c\uc801 \ubc1c\uc5b8\uc774 \ub098\uc624\uace0 \uc788\uc73c\uba70, \uc778\ud50c\ub808\uc774\uc158\uc774 \ub354 \uac00\uc18d\ud654\ub418\uae30 \uc804\uc5d0 \uc2e0\uc18d\ud788 \ub300\uc751\ud574\uc57c \ud55c\ub2e4\ub294 \uc2dc\uadf8\ub110\ub85c \uc77d\ud78c\ub2e4. \uc720\ub85c\uc874\uc758 2026\ub144 5\uc6d4 \ucd5c\uc2e0 \ubb3c\uac00 \uc9c0\ud45c\ub294 2.7%\ub85c \uc0c1\uc2b9\ud574 \uc804\uc6d4 2.5%\uc5d0\uc11c \ub354 \ub192\uc544\uc9c0\uba70 \uacbd\uacc4\uac10\uc744 \ud0a4\uc6e0\ub2e4. \uc774\ub294 ECB\uac00 \uc2e0\uc911\ud55c \uae08\ub9ac \uc778\ud558 \uc0ac\uc774\ud074\uc744 \uc774\uc5b4\uac08 \uac83\uc774\ub77c\ub294 \uc2dc\uc7a5\uc758 \uc2dc\uac01\uc5d0 \ub3c4\uc804\ud55c\ub2e4.<\/p>\n<p>\uc774\ub7ec\ud55c \uc2e0\ud638\ub97c \uac10\uc548\ud558\uba74, \uc2dc\uc7a5\uc740 \uc62c\ud574 \ud558\ubc18\uae30 ECB\uac00 \u2018\uc77c\uc2dc \uc911\ub2e8\u2019\uc740 \ubb3c\ub860 \uc815\ucc45 \ubc29\ud5a5\uc744 \ub418\ub3cc\ub9b4 \ub9ac\uc2a4\ud06c(\uc778\ud558 \uc911\ub2e8 \ub610\ub294 \ub418\ub3cc\ub9bc)\ub97c \uacfc\uc18c\ud3c9\uac00\ud558\uace0 \uc788\ub2e4\uace0 \ubcf8\ub2e4. \ud604\uc7ac \uc5f0\ub9d0\uae4c\uc9c0 \ucd5c\uc18c 1\ucc28\ub840 \ucd94\uac00 \uc778\ud558\ub97c \uac00\ub9ac\ud0a4\ub294 \uae08\ub9ac \ud30c\uc0dd\uc0c1\ud488 \uac00\uaca9\uc740 \uc65c\uace1\ub3fc \ubcf4\uc778\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc720\ub9ac\ubcf4(Euribor) \uc120\ubb3c \ud3ec\uc9c0\uc158\uc744 \uc870\uc815\ud574, \ud604\ud589 3.25% \uc608\uce58\uae08\ub9ac\uac00 \ub2f9\ubd84\uac04 \ud558\ub2e8(\ubc14\ub2e5)\uc73c\ub85c \uc791\uc6a9\ud560 \uac00\ub2a5\uc131\uc744 \ub354 \ub192\uac8c \ubc18\uc601\ud558\uace0 \uc788\ub2e4.<\/p>\n<h3>\ubcc0\ub3d9\uc131 \uc804\ub7b5\uacfc \uc815\ucc45 \ud568\uc758<\/h3>\n<p>\uc2dc\uc7a5 \uae30\ub300\uc640 \uc911\uc559\uc740\ud589 \uc218\uc0ac(\ub808\ud1a0\ub9ad) \uac04 \uad34\ub9ac\uac00 \ucee4\uc9c0\uba74 \ud1b5\ud654 \ubcc0\ub3d9\uc131 \ud655\ub300 \uac00\ub2a5\uc131\uc774 \ub192\ub2e4. \uc635\uc158\uc2dc\uc7a5\uc744 \ubcf4\uba74 EUR\/USD \ub0b4\uc7ac\ubcc0\ub3d9\uc131\uc740 \uc0c1\ub300\uc801\uc73c\ub85c \ub0ae\uc740 \uc218\uc900\uc5d0 \uba38\ubb3c\ub7ec \uc788\ub2e4. \ud604 \uc218\uc900 \uc57d 1.0850\uc5d0\uc11c \uc720\ub85c\ud654\uac00 \uae09\uaca9\ud788 \uc6c0\uc9c1\uc77c \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud574 \uc2a4\ud2b8\ub798\ub4e4 \ub4f1 \ubcc0\ub3d9\uc131 \ub9e4\uc218 \uc804\ub7b5\uc744 \ud1b5\ud574 \uae30\ud68c\ub97c \ubaa8\uc0c9\ud558\uace0 \uc788\ub2e4.<\/p>\n<p>\uc5ed\uc0ac\uc801\uc73c\ub85c \uc778\ud50c\ub808\uc774\uc158 \ub300\uc751\uc5d0\uc11c \u2018\uace1\uc120 \ub4a4\ucc98\uc9d0(behind the curve)\u2019\uc774 \ubc1c\uc0dd\ud55c \uc911\uc559\uc740\ud589\uc740 \uc774\ud6c4 \ub354 \uacf5\uaca9\uc801\uc73c\ub85c \ub300\uc751\ud560 \uc218\ubc16\uc5d0 \uc5c6\uc5c8\ub2e4. 2021~2022\ub144 \u2018\uc77c\uc2dc\uc801(transitory)\u2019 \uc778\ud50c\ub808\uc774\uc158 \ub0b4\ub7ec\ud2f0\ube0c\uac00 \uacb0\uad6d \ub2a6\uc5c8\uc9c0\ub9cc \ub9e4\uc6b0 \uac00\ud30c\ub978 \uae08\ub9ac \uc778\uc0c1 \uc0ac\uc774\ud074\ub85c \uc774\uc5b4\uc84c\ub358 \uc0ac\ub840\ub97c \ub5a0\uc62c\ub9ac\uba74 \ub41c\ub2e4. \ud5a5\ud6c4 \uc9c0\ud45c\uac00 \uc0c1\ubc29 \uc11c\ud504\ub77c\uc774\uc988\ub97c \uc774\uc5b4\uac04\ub2e4\uba74 ECB\uac00 \uc720\uc0ac\ud55c \uc815\ucc45 \uc804\ud658(pivot)\uc5d0 \ub098\uc124 \uac00\ub2a5\uc131\ub3c4 \ubc30\uc81c\ud560 \uc218 \uc5c6\ub2e4.<\/p>\n<p>\ub530\ub77c\uc11c \ud5a5\ud6c4 \uc218\uc8fc \ub3d9\uc548 \uc6b0\ub9ac\ub294 3\ubd84\uae30 \ub9cc\uae30\uc758 \uc678\uac00\uaca9(out-of-the-money) EUR\/USD \ucf5c\uc635\uc158\uc744 \ub9e4\uc218\ud574 \uc720\ub85c\ud654 \uac15\uc138\uc5d0 \ubca0\ud305\ud558\uace0 \uc788\ub2e4. \uc774\ub294 ECB\uac00 \ub354 \ub9e4\ud30c\uc801 \uc2a4\ud0e0\uc2a4\ub97c \ucde8\ud558\ub3c4\ub85d \ubab0\ub9b4 \uacbd\uc6b0 \uc218\uc775\uc744 \uae30\ub300\ud560 \uc218 \uc788\ub294 \uc800\ube44\uc6a9 \uc804\ub7b5\uc774\ub2e4. \uc778\ud50c\ub808\uc774\uc158 \uc0c1\uc2b9 \uc55e\uc5d0\uc11c \u2018\uc544\ubb34\uac83\ub3c4 \ud558\uc9c0 \uc54a\ub294\u2019 \ub9ac\uc2a4\ud06c\ub294 \ubb34\uc2dc\ud558\uae30\uc5d0 \uc810\uc810 \ub354 \ucee4\uc9c0\uace0 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201c\uc544\ubb34\uac83\ub3c4 \uc548 \ud558\uba74 \uc815\ucc45\uc2e4\uc218\u201d \ub9c8\ud074\ub8e8\ud504, ECB \uc870\uae30\ub300\uc751 \ucd09\uad6c\u2026\ubb3c\uac00 2.7%\ub85c \ud655\uc0b0. \uc2dc\uc7a5\uc740 \ub2ec\ub7ec\uc5d0 \ub454\uac10 \ubc18\uc751 \uc18d \uae08\ub9ac\uc778\ud558 \uae30\ub300 \uacfc\ub300\ud3c9\uac00, \uc720\ub85c \uac15\uc138\u00b7\ubcc0\ub3d9\uc131 \ub9e4\uc218 \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-49727","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\/49727","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=49727"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/49727\/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=49727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=49727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=49727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}