{"id":10854,"date":"2025-12-16T16:38:11","date_gmt":"2025-12-16T19:38:11","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=10854"},"modified":"2025-12-16T16:38:13","modified_gmt":"2025-12-16T19:38:13","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c12%ec%9b%94-16%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=10854","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(12\uc6d4 16\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n

    \n
  1. \uc911\uc559\uc740\ud589 (BCRA), \ud658\uc728 \ubc34\ub4dc \uaddc\uce59 \ubcc0\uacbd
    \uc911\uc559\uc740\ud589(BCRA)\uc740 2026\ub144\uc744 \uc5fc\ub450\uc5d0 \ub450\uace0 \ud1b5\ud654\uc815\ucc45 \uc6b4\uc6a9 \ubc29\uc2dd\uc5d0 \uc911\uc694\ud55c \ubcc0\ud654\ub97c \ub3c4\uc785\ud588\ub2e4.
    \uae30\uc874\uc5d0\ub294 \ud658\uc728 \ubc34\ub4dc\uac00 \ub9e4\uc6d4 1%\uc529 \uace0\uc815\uc801\uc73c\ub85c \uc870\uc815\ub418\uc5c8\uc73c\ub098, \uc55e\uc73c\ub85c\ub294 \uc9c1\uc804 \ub450 \ub2ec\uc758 \uc778\ud50c\ub808\uc774\uc158\uc744 \ubc18\uc601\ud574 \uc870\uc815\ub418\ub294 \ubc29\uc2dd\uc73c\ub85c \uc804\ud658\ub41c\ub2e4.
    \uc774\uc5d0 \ub530\ub77c 2026\ub144 1\uc6d4 1\uc77c\ubd80\ud130 \ud658\uc728 \uc0c1\u00b7\ud558\ud55c\uc120\uc740 11\uc6d4 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(IPC)\uc5d0 \ub9de\ucdb0 2.5% \uc0c1\uc2b9\ud558\uac8c \ub41c\ub2e4.
    \uc911\uc559\uc740\ud589\uc740 \uc774 \uc81c\ub3c4\uc5d0 \ub300\ud574 \ubbf8\uad6d \uc778\ud50c\ub808\uc774\uc158\uc774 \ubc18\uc601\ub418\uc9c0 \uc54a\uae30 \ub54c\ubb38\uc5d0, \uc2dc\uac04\uc774 \uc9c0\ub0a0\uc218\ub85d \ud658\uc728 \uc0c1\ub2e8\uc774 \uc2e4\uc9c8 \uae30\uc900\uc73c\ub85c \uc810\ucc28 \ub192\uc544\uc9c0\ub294 \uad6c\uc870\ub77c\uace0 \uc124\uba85\ud588\ub2e4.
    \ub610\ud55c \uc911\uc559\uc740\ud589\uc740 \uad00\ub9ac \ubcc0\ub3d9\ud658\uc728\uc81c\ub97c \uacc4\uc18d \uc720\uc9c0\ud574, \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c \uae09\uaca9\ud55c \ubcc0\ub3d9\uc774\ub098 \uadf9\ub2e8\uc801\uc778 \ubcc0\ub3d9\uc131 \ud655\ub300\ub97c \uc5b5\uc81c\ud558\ub294 \uc548\uc815 \uc7a5\uce58\ub85c \ud65c\uc6a9\ud558\uaca0\ub2e4\uace0 \uac15\uc870\ud588\ub2e4.<\/li>\n\n\n\n
  2. 2026\ub144 \uc678\ud658\ubcf4\uc720\uc561 \uac15\ud654 \uacc4\ud68d
    \uc911\uc559\uc740\ud589\uc740 \u2018\uc7ac\ud654\ud3d0\ud654 \uc804\ub7b5\uc758 \uc77c\ud658\uc73c\ub85c,
    2026\ub144 1\uc6d4 1\uc77c\ubd80\ud130 \uc678\ud658\ubcf4\uc720\uc561 \ucd95\uc801 \ud504\ub85c\uadf8\ub7a8\uc744 \ubcf8\uaca9 \uac00\ub3d9\ud560 \uc608\uc815\uc774\ub2e4.
    \uacf5\uc2dd \ubaa9\ud45c\ub294 2026\ub144 \ud55c \ud574 \ub3d9\uc548 \ubbf8\ud654 100\uc5b5~170\uc5b5 \ub2ec\ub7ec\uc758 \uc678\ud658\ubcf4\uc720\uc561\uc744 \ucd94\uac00 \ud655\ubcf4\ud558\ub294 \uac83\uc774\uba70, \uc774\ub294 \ud654\ud3d0 \uc218\uc694\uc758 \uc99d\uac00\uc640 \ub300\uc678 \uc790\uae08 \ud750\ub984\uc5d0 \ub530\ub77c \ub2ec\ub77c\uc9c8 \uc218 \uc788\ub2e4.
    \uc0b0\ud2f0\uc544\uace0 \ubc14\uc6b0\uc2e4\ub9ac \uc911\uc559\uc740\ud589 \ucd1d\uc7ac\uc5d0 \ub530\ub974\uba74, \ud1b5\ud654\uae30\uc800\ub294 \ud604\uc7ac GDP\uc758 4.2% \uc218\uc900\uc5d0\uc11c 2026\ub144 \ub9d0 4.8%\uae4c\uc9c0 \ud655\ub300\ub420 \uc804\ub9dd\uc774\ub2e4.
    \uae30\ubcf8 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c\ub294 \uc678\ud658\uc2dc\uc7a5 \ub0b4 \ucd5c\ub300 100\uc5b5 \ub2ec\ub7ec \ub9e4\uc785\uc73c\ub85c\ub3c4 \uc774 \ud655\ub300\uac00 \uac00\ub2a5\ud558\ub2e4\uace0 \ubcf8\ub2e4.
    \ub354 \ub099\uad00\uc801\uc778 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c\ub294, \ud654\ud3d0 \uc218\uc694\uac00 GDP \ub300\ube44 \uc57d 1% \uc99d\uac00\ud560 \uacbd\uc6b0, \uc778\ud50c\ub808\uc774\uc158 \uc555\ub825 \uc5c6\uc774 \uc678\ud658\ubcf4\uc720\uc561\uc744 \ucd5c\ub300 170\uc5b5 \ub2ec\ub7ec\uae4c\uc9c0 \ub298\ub9b4 \uc218 \uc788\ub2e4\uace0 \uc911\uc559\uc740\ud589\uc740 \ucd94\uc0b0\ud558\uace0 \uc788\ub2e4.
    \ucd08\uae30 \ub2e8\uacc4\uc5d0\uc11c \uc911\uc559\uc740\ud589\uc758 \uc77c\uc77c \ub2ec\ub7ec \ub9e4\uc785 \uaddc\ubaa8\ub294 \uacf5\uc2dd \uc678\ud658\uc2dc\uc7a5 \uac70\ub798\ub7c9\uc758 \uc57d 5% \uc218\uc900\uc774 \ub420 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.
    \uc774\ub294 \ud558\ub8e8 1,000\ub9cc~3,000\ub9cc \ub2ec\ub7ec \uc218\uc900\uc758 \ub9e4\uc785\uc744 \uc758\ubbf8\ud558\uba70, \uc2dc\uc7a5 \uc0c1\ud669\uc5d0 \ub530\ub77c \ubcc0\ub3d9\ub420 \uc218 \uc788\ub2e4.
    \ub610\ud55c \uc911\uc559\uc740\ud589\uc740 \ud544\uc694\ud560 \uacbd\uc6b0, \ub300\ud615 \uc740\ud589 \ub4f1 \uae08\uc735 \uc2dc\uc2a4\ud15c\uc758 \uc8fc\uc694 \ucc38\uc5ec\uc790\ub4e4\uacfc\uc758 \uc591\uc790 \ud611\uc815\uc744 \ud1b5\ud574 \u2018\ube14\ub85d \ub2e8\uc704 \ub2ec\ub7ec \ub9e4\uc785’\uc744 \uc2e4\uc2dc\ud560 \uac00\ub2a5\uc131\ub3c4 \uc5f4\uc5b4\ub450\uc5c8\ub2e4.
    \uc774\ub294 \uc2dc\uc7a5 \uc5ec\uac74\uc774 \ud5c8\ub77d\ub420 \ub54c \uc678\ud658\ubcf4\uc720\uc561 \ucd95\uc801 \uc18d\ub3c4\ub97c \uac00\uc18d\ud654\ud558\uae30 \uc704\ud55c \uc218\ub2e8\uc774\ub2e4.<\/li>\n\n\n\n
  3. \uc740\ud589 \uc9c0\uae09\uc900\ube44\uae08 \uc644\ud654
    \uc911\uc559\uc740\ud589\uc740 2026\ub144\uc744 \uaca8\ub0e5\ud55c \ud575\uc2ec \uc815\ucc45 \ud328\ud0a4\uc9c0\uc758 \ud558\ub098\ub85c, \ud604\uc7ac \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud558\uace0 \uc788\ub294 \uc740\ud589 \uc9c0\uae09\uc900\ube44\uae08 \uaddc\uc81c\ub97c \uc810\uc9c4\uc801\uc73c\ub85c \uc644\ud654\ud560 \uacc4\ud68d\uc744 \ubc1c\ud45c\ud588\ub2e4.
    \uc774\ub294 \uae08\uc735 \uc911\uac1c \uae30\ub2a5\uc744 \uac1c\uc120\ud558\uae30 \uc704\ud55c \uc870\uce58\ub85c,
    \ud1b5\ud654 \uc548\uc815\uc131\uacfc \uc77c\uad00\uc131\uc744 \uc720\uc9c0\ud558\ub294 \ubc94\uc704 \ub0b4\uc5d0\uc11c \ub2e8\uacc4\uc801\uc73c\ub85c \uc815\uc0c1\ud654\uac00 \uc774\ub8e8\uc5b4\uc9c8 \uc608\uc815\uc774\ub2e4.
    \uc678\ud658\ubcf4\uc720\uc561 \ub9e4\uc785\uc73c\ub85c \ubc1c\uc0dd\ud558\ub294 \uc720\ub3d9\uc131 \uad00\ub9ac\ub97c \uc704\ud574, \uc911\uc559\uc740\ud589\uc740 LECAP(\ub2e8\uae30 \uad6d\ucc44), \ub808\ud3ec(repo \ud658\ub9e4\uc870\uac74\ubd80\ucc44\uad8c) \ub4f1 \uacf5\uac1c\uc2dc\uc7a5\uc870\uc791 \uc218\ub2e8\uc744 \ud65c\uc6a9\ud560 \uacc4\ud68d\uc774\ub2e4.
    \ud544\uc694\ud560 \uacbd\uc6b0 \uc9c0\uae09\uc900\ube44\uae08\ub3c4 \uc7ac\uc870\uc815\ud574 \ud1b5\ud654 \uade0\ud615\uc744 \uc720\uc9c0\ud558\uaca0\ub2e4\uace0 \ubc1d\ud614\ub2e4.
    \uc544\uc6b8\ub7ec \uae08\ub9ac\ub294 \uc2e4\uc9c8 \ud50c\ub7ec\uc2a4 \uc218\uc900\uc744 \uc720\uc9c0\ud574,
    \uc740\ud589\ub4e4\uc774 \ucd08\uacfc \uc720\ub3d9\uc131\uc744 \ub354 \uc7a5\uae30\uc801\uc774\uace0 \uc218\uc775\uc131 \uc788\ub294 \uae08\uc735\uc0c1\ud488\uc5d0 \uc6b4\uc6a9\ud560 \uc218 \uc788\ub3c4\ub85d \uc720\ub3c4\ud560 \ubc29\uce68\uc774\ub2e4.<\/li>\n\n\n\n
  4. \uc7ac\ubb34\uccad, \ub2ec\ub7ec \ub9e4\uc785 \uac00\uc18d
    \uc544\ub974\ud5e8\ud2f0\ub098\uac00 \uad6d\uc81c \ucc44\uad8c\uc2dc\uc7a5\uc5d0 \ubcf5\uadc0\ud55c \uc774\ud6c4,
    \uc7ac\ubb34\ubd80\ub294 \uc678\ud654 \ucd95\uc801 \uc804\ub7b5\uc744 \uac15\ud654\ud558\uba70 \uacf5\uc2dd \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c 3\uc5b5 2,000\ub9cc \ub2ec\ub7ec\ub97c \ucd94\uac00 \ub9e4\uc785\ud588\ub2e4.
    \uc774\ub294 \uc804\uc8fc\uc5d0 \ub9e4\uc785\ud55c 2\uc5b5 2,000\ub9cc \ub2ec\ub7ec\uc5d0 \uc774\uc5b4\uc9c4 \uc870\uce58\ub2e4.
    \uc774 \uc804\ub7b5\uc740 \ubbfc\uac04 \ucc44\ubb34 \uc0c1\ud658 \uc2dc\uc810\uc5d0 \ubcf4\ub2e4 \uc5ec\uc720 \uc788\ub294 \uc678\ud658 \uc5ec\uac74\uc744 \ud655\ubcf4\ud558\ub294 \uac83\uc774 \ubaa9\uc801\uc774\ub2e4.
    \uc815\ubd80\ub294 1\uc6d4\uc5d0 \uc57d 42\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ucc44\ubb34 \ub9cc\uae30\ub97c \uc55e\ub450\uace0 \uc788\uc73c\uba70, \ud2b9\ud788 1\uc6d4 9\uc77c\uc774 \ud575\uc2ec \uc2dc\uc810\uc73c\ub85c \uaf3d\ud78c\ub2e4.
    12\uc6d4 5\uc77c \uae30\uc900\uc73c\ub85c \uc7ac\ubb34\ubd80\uc758 \uc911\uc559\uc740\ud589 \uc608\uce58 \ub2ec\ub7ec\ub294 \ubd88\uacfc 2\uc5b5 1,000\ub9cc \ub2ec\ub7ec\uc5d0 \ubd88\uacfc\ud588\uc73c\ub098,
    \ucd5c\uadfc \ub9e4\uc785\uacfc \uae30\ud0c0 \uc790\uae08\uc870\ub2ec \uc218\ub2e8\uc744 \ud1b5\ud574 \uc57d 15\uc5b5 \ub2ec\ub7ec\ub97c \uc774\ubbf8 \ud655\ubcf4\ud55c \uc0c1\ud0dc\ub2e4.<\/li>\n\n\n\n
  5. 2024\ub144 \uc790\uc0b0 \uc591\uc131\ud654 : 2026\ub144\ubd80\ud130 \ubb34\uacfc\uc138 \ub2ec\ub7ec \uc778\ucd9c \ud5c8\uc6a9
    2024\ub144 \uc790\uc0b0 \uc790\uc9c4\uc2e0\uace0 (\uc591\uc131\ud654)\ub97c \ud1b5\ud574
    10\ub9cc \ub2ec\ub7ec \ucd08\uacfc \uae08\uc561\uc744 \uc2e0\uace0\ud55c \ub0a9\uc138\uc790\ub4e4\uc740 2026\ub144 1\uc6d4 1\uc77c\ubd80\ud130 \uc138\uae08 \uc5c6\uc774 \ud574\ub2f9 \ub2ec\ub7ec\ub97c \uc778\ucd9c\ud560 \uc218 \uc788\uac8c \ub41c\ub2e4.
    \uc774\ub294 \uacbd\uc81c\ubd80 \uc7a5\uad00 \ub8e8\uc774\uc2a4 \uce74\ud478\ud1a0\uc758 \u2018\ub2ec\ub7ec \uae30\ubc18 \uc7ac\ud654\ud3d0\ud654\u2019 \uc804\ub7b5\uc744 \uc2dc\ud5d8\ud558\ub294 \uc870\uce58\ub85c, \uc608\uc0b0\uc548\uc5d0 \ud3ec\ud568\ub41c \u2018\uc870\uc138 \ubb34\uc8c4 \ucd94\uc815 \uc6d0\uce59\u2019\uc5d0 \uadfc\uac70\ud558\uace0 \uc788\ub2e4.
    \uc815\ubd80\uc758 \ubaa9\ud45c\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uad6d\ubbfc\uc774 \uae08\uc735 \uc2dc\uc2a4\ud15c \ubc16\uc5d0 \ubcf4\uc720 \uc911\uc778 \uc57d 2,430\uc5b5 \ub2ec\ub7ec \uc911 \uc77c\ubd80\ub97c \uc81c\ub3c4\uad8c\uc73c\ub85c \uc720\uc785\uc2dc\ucf1c \ud22c\uc790\uc640 \uc18c\ube44\ub97c \ud65c\uc131\ud654\ud558\ub294 \uac83\uc774\ub2e4.
    \ucd5c\uadfc 1\ub144\uac04 \ud398\uc18c \uae08\ub9ac\uac00 \uc778\ud50c\ub808\uc774\uc158\uc744 \uc0c1\ud68c\ud558\uace0,
    \ud658\uc728\uc774 \ube44\uad50\uc801 \uc548\uc815\uc801\uc73c\ub85c \uc720\uc9c0\ub418\uba74\uc11c \ub2ec\ub7ec \ubcf4\uc720 \ub9e4\ub825\uc740 \ub2e4\uc18c \uac10\uc18c\ud55c \uc0c1\ud0dc\ub2e4.
    \uc774\ub85c \uc778\ud574 \uc591\uc131\ud654 \uc790\uae08\uc774 \ub2e4\uc2dc \u2018\uce68\ub300 (\ud604\uae08 \uc740\ub2c9)\u2019\ub85c \ub3cc\uc544\uac08 \uac00\ub2a5\uc131\uc740 \ub0ae\ub2e4\uace0 \ud3c9\uac00\ub41c\ub2e4.
    \uc815\ubd80\ub294 \uc0c1\uc2dc\uc801 \uc790\uc0b0 \uc591\uc131\ud654 \uc81c\ub3c4\ub85c\uc758 \uc804\ud658\uc744 \ucd94\uc9c4 \uc911\uc774\uba70, \uc138\ubb34\u00b7\uad00\uc138\uccad(ARCA)\uc740 \uc870\uc138 \ubb34\uc8c4 \ucd94\uc815 \uc6d0\uce59\uc744 \uc801\uc6a9\ud574, \ub0a9\uc138\uc790\uac00 \uc790\uae08 \ucd9c\ucc98\ub97c \uc99d\uba85\ud558\uc9c0 \uc54a\uc544\ub3c4 \ub418\uba70, \uad6d\uac00\uac00 \ud0c8\uc138\uc784\uc744 \uc785\uc99d\ud574\uc57c\ub9cc \uc81c\uc7ac\uac00 \uac00\ub2a5\ud558\ub3c4\ub85d \ud560 \ubc29\uce68\uc774\ub2e4.
    \uc804\ubb38\uac00\ub4e4\uc740 \ub2e8\uae30\uc801\uc73c\ub85c \uc790\uae08\uc758 \uc0ac\uc6a9\ucc98\uc5d0 \ud070 \ubcc0\ud654\ub294 \uc5c6\uc744 \uac83\uc73c\ub85c \ubcf4\uc9c0\ub9cc, \ud5a5\ud6c4\uc5d0\ub294 \ubd80\ub3d9\uc0b0 \ud22c\uc790 \ubaa9\uc801\uc758 \ub2ec\ub7ec \uc778\ucd9c\uc774 \ub298\uc5b4\ub0a0 \uac00\ub2a5\uc131\uc744 \uc5b8\uae09\ud55c\ub2e4.
    \ubcf4\uc218\uc801\uc778 \ud22c\uc790\uc790\ub294 \ub2e8\uae30 \ub2ec\ub7ec \ucc44\uad8c, \ud68c\uc0ac\ucc44, \ub2ec\ub7ec \ud45c\uc2dc \uad6d\ucc44 \ub4f1\uc73c\ub85c \uc77c\ubd80 \uc790\uc0b0\uc744 \uc774\ub3d9\ud560 \uc218 \uc788\uc73c\uba70,
    \ubcf4\ub2e4 \uacf5\uaca9\uc801\uc778 \ud22c\uc790\uc790\ub294 \uad6c\uc870\uac1c\ud601, 2026\ub144 \uc608\uc0b0, RIGI \ubc0f \ubbf8\ub2c8 RIGI\uc758 \uc9c4\uc804, \uadf8\ub9ac\uace0 \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\uac00 \uc57d 500bp \uc218\uc900\uc73c\ub85c \ud558\ub77d\ud560 \uacbd\uc6b0, \ub2ec\ub7ec \ucc44\uad8c \uac00\uaca9\uc758 \ucd94\uac00 \uc0c1\uc2b9 \uac00\ub2a5\uc131\uc744 \uae30\ub300\ud560 \uc218 \uc788\ub2e4.<\/li>\n\n\n\n
  6. \uc544\ub974\ud5e8\ud2f0\ub098 \uc790\uc0b0\uc5d0 \ub300\ud55c \ub099\uad00\ub860
    \uc544\ub974\ud5e8\ud2f0\ub098 \uc790\uc0b0\uc740 \uc774\ubc88 \uc8fc \uc6d4\uc694\uc77c \uc804\ubc18\uc801\uc73c\ub85c \uae0d\uc815\uc801\uc778 \ud750\ub984\uc744 \ubcf4\uc600\ub2e4. \ubbf8\uad6d \uc99d\uc2dc\uc5d0 \uc0c1\uc7a5\ub41c \uc544\ub974\ud5e8\ud2f0\ub098 \uae30\uc5c5 \uc8fc\uc2dd(ADR)\uc774 \uc77c\uc81c\ud788 \uc0c1\uc2b9\ud588\uace0, \ub2ec\ub7ec \ud45c\uc2dc \uad6d\ucc44\ub3c4 \ub2e4\uc2dc \ud55c \ubc88 \uac15\uc138\ub97c \ub098\ud0c0\ub0c8\ub2e4. \uc774\ub294 \ucd5c\uadfc \uc815\ubd80\uc758 \uc815\ucc45 \ubc1c\ud45c\uc5d0 \ud798\uc785\uc740 \uacb0\uacfc\ub2e4.
    \uc2dc\uc7a5\uc740 \ud658\uc728 \ubc34\ub4dc\ub97c \uc778\ud50c\ub808\uc774\uc158\uc5d0 \uc5f0\ub3d9\ud574 \uc870\uc815\ud558\uae30\ub85c \ud55c \uacb0\uc815, \uc2e4\uc9c8\uae08\ub9ac\ub97c \ud50c\ub7ec\uc2a4\ub85c \uc720\uc9c0\ud558\uaca0\ub2e4\ub294 \ubc29\uce68, \uadf8\ub9ac\uace0 \uc911\uc559\uc740\ud589(BCRA)\uc758 \uc678\ud658\ubcf4\uc720\uc561 \ucd95\uc801 \ud504\ub85c\uadf8\ub7a8 \ub3c4\uc785\uc5d0 \ub300\ud574 \ud638\uc758\uc801\uc73c\ub85c \ubc18\uc751\ud588\ub2e4.
    \uc774\uc640 \ud568\uaed8 \uae08\uc735\uac00\uc5d0\uc11c\ub294 \uc7ac\ubb34\uccad\uc758 \uc678\ud654 \ub9e4\uc785 \ub3d9\ud5a5\uacfc \uc624\ub294 1\uc6d4 9\uc77c \uc57d 42\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ubd80\ucc44 \ub9cc\uae30\ub97c \uc5b4\ub5bb\uac8c \ub300\uc751\ud560\uc9c0\uc5d0 \ub300\ud55c \uc815\ubd80\uc758 \ub300\uc548\uc5d0\ub3c4 \uad00\uc2ec\uc774 \uc9d1\uc911\ub410\ub2e4.
    \uc774\ub0a0 S&P \uba54\ub974\ubc1c \uc9c0\uc218\ub294 \ud398\uc18c \uae30\uc900 1.1% \uc0c1\uc2b9\ud588\uc73c\ub098, \ub2ec\ub7ec \uae30\uc900\uc73c\ub85c\ub294 0.2% \ud558\ub77d\ud588\ub2e4. \uac1c\ubcc4 \uc8fc\uc2dd\uc740 \ucd5c\ub300 3.8%\uae4c\uc9c0 \uc0c1\uc2b9\ud558\ub294 \ub4f1 \uc0c1\uc2b9 \uc885\ubaa9\uc774 \uc6b0\uc138\ud588\ub2e4.
    \ub274\uc695 \uc2dc\uc7a5\uc5d0\uc11c\ub3c4 \uc544\ub974\ud5e8\ud2f0\ub098 \uae30\uc5c5 ADR\uc774 \uc804\ubc18\uc801\uc73c\ub85c \uac15\uc138\ub97c \ubcf4\uc774\uba70 \ucd5c\ub300 3.1% \uc0c1\uc2b9\ud588\ub2e4.
    \ud55c\ud3b8, \ub2ec\ub7ec \ud45c\uc2dc \uad6d\ucc44\ub294 \ucd5c\ub300 2.8%\uc758 \uc77c\uc81c \uc0c1\uc2b9\uc744 \uae30\ub85d\ud588\uc73c\uba70, \ud2b9\ud788 \uae00\ub85c\ubc8c 2029 \uad6d\ucc44(Global 2029)\uac00 \uc0c1\uc2b9\uc744 \uc8fc\ub3c4\ud588\ub2e4. \uc774\ub85c \uc778\ud574 \uad6d\uac00\uc704\ud5d8\ub3c4\ub294 \ub2e4\uc2dc \ub5a8\uc5b4\uc838, J.P.\ubaa8\uac74 \uae30\uc900 \uc57d 602bp \uc218\uc900\uae4c\uc9c0 \ud558\ub77d\ud588\ub2e4.<\/li>\n\n\n\n
  7. \uc911\uc559\uc740\ud589 \ubc1c\ud45c \uc774\ud6c4 \uae08\uc735 \ud658\uc728 \uc0c1\uc2b9
    \uc815\ubd80\uc758 \ud658\uc728\u00b7\ud1b5\ud654 \uc815\ucc45 \ubc1c\ud45c \uc774\ud6c4, \uae08\uc735 \ud658\uc728(MEP\u00b7CCL)\uc740 \ucd5c\ub300 1.3% \uc0c1\uc2b9\ud588\ub2e4. \uc2dc\uc7a5\uc740 \ud658\uc728 \ubc34\ub4dc\uc758 \uc778\ud50c\ub808\uc774\uc158 \uc5f0\ub3d9 \uc870\uc815, \uc2e4\uc9c8\uae08\ub9ac \uc720\uc9c0 \ud655\uc778, \uc911\uc559\uc740\ud589\uc758 \uc678\ud658\ubcf4\uc720\uc561 \ucd95\uc801 \uacc4\ud68d \ubc1c\ud45c\ub97c \uae0d\uc815\uc801\uc73c\ub85c \ud574\uc11d\ud588\ub2e4.
    \ubc18\uba74, \ub3c4\ub9e4 \uacf5\uc2dd\ud658\uc728\uc740 \uc18c\ud3ed \ud558\ub77d\ud558\uba70 $1,438.50\uc5d0 \ub9c8\uac10\ud588\ub2e4.
    MEP \ud658\uc728: 0.9% \uc0c1\uc2b9 (+$13.28) \u2192 $1,492.01
    CCL \ud658\uc728 : 1.3% \uc0c1\uc2b9 \u2192 $1,528.17
    \uc774\uc5d0 \ub530\ub77c \ud658\uc728 \uaca9\ucc28\ub294 \uac01\uac01 3.72%\uc640 6.23%\ub85c \ub098\ud0c0\ub0ac\ub2e4.
    \uacf5\uc2dd\ud658\uc728\uc740 \ubcf4\ub108\uc2a4 \uc9c0\uae09\uacfc \uc5f0\ub9d0 \uc5f0\ud734\ub85c \uc778\ud55c \uacc4\uc808\uc801 \ud398\uc18c \uc218\uc694 \uc99d\uac00 \uc18d\uc5d0\uc11c 0.2% \ud558\ub77d(-$2.50)\ud588\uc73c\uba70, \ud604\uc7ac \ud658\uc728 \ubc34\ub4dc \uc0c1\ub2e8($1,518.5) \ub300\ube44 5.6% \ub0ae\uc740 \uc218\uc900\uc5d0 \uba38\ubb3c\uace0 \uc788\ub2e4.<\/li>\n\n\n\n
  8. \uc9c0\ubc29\uc815\ubd80\uc758 \uad6d\uc81c \uae08\uc735\uc2dc\uc7a5 \ubcf5\uadc0 \u2013 \ucd94\ubd80\ud2b8 \uc8fc \uc0ac\ub840
    \uad6d\uc81c \uae08\uc735 \uc870\ub2ec\uc758 \uc7ac\uac1c\ub294 \uc911\uc559\uc815\ubd80\uc640 \ubbfc\uac04\uae30\uc5c5\uc5d0\ub9cc \uad6d\ud55c\ub418\uc9c0 \uc54a\uace0 \uc9c0\ubc29\uc815\ubd80\ub85c\ub3c4 \ud655\uc0b0\ub418\uace0 \uc788\ub2e4.
    \ucd94\ubd80\ud2b8 \uc8fc\uc9c0\uc0ac \uc774\uadf8\ub098\uc2dc\uc624 \ud1a0\ub808\uc2a4\ub294, \ubbf8\uad6d \ubc29\ubb38 \uc911 \uae00\ub85c\ubc8c \uc740\ud589\u00b7\ud22c\uc790\uc790\ub4e4\uacfc\uc758 \ud68c\ub3d9 \uc774\ud6c4 4\uc5b5~5\uc5b55\ucc9c\ub9cc \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ud574\uc678\ucc44\uad8c \ubc1c\ud589\uc744 \uac80\ud1a0 \uc911\uc774\ub77c\uace0 \ubc1d\ud614\ub2e4. \uc131\uc0ac\ub420 \uacbd\uc6b0 \ucd94\ubd80\ud2b8\ub294 \uc774\ubc88 \uc0c8\ub85c\uc6b4 \uc0ac\uc774\ud074\uc5d0\uc11c \uc138 \ubc88\uc9f8\ub85c \ud574\uc678 \uc2dc\uc7a5\uc5d0 \ubcf5\uadc0\ud558\ub294 \uc9c0\ubc29\uc815\ubd80\uac00 \ub41c\ub2e4.
    \uc774\ub294 \ucd5c\uadfc \uc900\uad6d\uac00\ucc44 \ubc0f \ud68c\uc0ac\ucc44 \ubc1c\ud589\uc774 \uae09\uc99d\ud55c \ud750\ub984\uc758 \uc5f0\uc7a5\uc120\uc73c\ub85c, \ucd5c\uadfc 45\uc77c\uac04 \ucd1d \ubc1c\ud589 \uaddc\ubaa8\ub294 70\uc5b5 \ub2ec\ub7ec\ub97c \ucd08\uacfc\ud588\ub2e4.
    \uc774 \ud750\ub984\uc758 \ucd9c\ubc1c\uc810\uc740 \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4 \uc2dc\ub85c, 7.8% \uae08\ub9ac\u00b7\ud3c9\uade0 \ub9cc\uae30 7\ub144 \uc870\uac74\uc73c\ub85c 6\uc5b5 \ub2ec\ub7ec\ub97c \uc870\ub2ec\ud588\ub2e4. \uc774\ud6c4 \uc0b0\ud0c0\ud398 \uc8fc\uac00 9\ub144 \ub9cc\uae30\u00b7\uc5f0 8.1% \uc218\uc775\ub960\ub85c 8\uc5b5 \ub2ec\ub7ec\ub97c \ubc1c\ud589\ud588\ub2e4.
    \ucd94\ubd80\ud2b8\uc758 \uacbd\uc6b0, \ud1a0\ub808\uc2a4 \uc8fc\uc9c0\uc0ac\ub294 \ub274\uc695\uc5d0\uc11c J.P.\ubaa8\uac74, UBS \uc790\uc0b0\uc6b4\uc6a9, \uace8\ub4dc\ub9cc\uc0ad\uc2a4, \uc778\ubca0\uc2a4\ucf54 \uc790\uc0b0\uc6b4\uc6a9 \ub4f1\uacfc\uc758 \ubbf8\ud305\uc744 \ud1b5\ud574 \ud22c\uc790\uc790 \uad00\uc2ec\uc774 \uc5ec\uc804\ud788 \uac15\ud558\ub2e4\ub294 \uc810\uc744 \uc7ac\ud655\uc778\ud588\ub2e4.
    \ub3d9\uc2dc\uc5d0 \uc5d4\ud2b8\ub808\ub9ac\uc624\uc2a4 \uc8fc\ub3c4 \uc57d 5\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ucc44\uad8c \ubc1c\ud589\uc744 \uac80\ud1a0 \uc911\uc774\uba70, \uc774\ub294 \uae30\uc874 \ubd80\ucc44\uc758 \ucc28\ud658 \ubaa9\uc801\uc774\ub2e4. \ud574\ub2f9 \ubc1c\ud589\uc740 1\uc6d4 \ub9d0 \ub610\ub294 2\uc6d4 \ucd08, \ub274\uc695\ubc95 \uc801\uc6a9, \ubbf8\uad6d\uacc4 1\uacf3\u00b7\uc720\ub7fd\uacc4 1\uacf3 \uc740\ud589 \ucc38\uc5ec \ubc29\uc2dd\uc73c\ub85c \ucd94\uc9c4\ub420 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4. \uc774\ub294 \uad6d\uac00\uc704\ud5d8 \ud558\ub77d \uad6d\uba74\uc744 \ud65c\uc6a9\ud55c \uc804\ub7b5\uc73c\ub85c \ud574\uc11d\ub41c\ub2e4.<\/li>\n\n\n\n
  9. \uc6d4\uac00 \ud558\ub77d \ub9c8\uac10\uacfc \uc5f0\uc900 \uc758\uc7a5 \uad50\uccb4 \uac00\ub2a5\uc131
    \uc6d4\uc694\uc77c \ub274\uc695 \uc99d\uc2dc\ub294 \ub300\ud615 \uae30\uc220\uc8fc \uc870\uc815\uacfc \uc5f0\uc900 \uc758\uc7a5 \ud6c4\uc784 \ub17c\uc758\uc5d0 \ub300\ud55c \ubd88\ud655\uc2e4\uc131 \uc18d\uc5d0\uc11c \ud558\ub77d \ub9c8\uac10\ud588\ub2e4.
    \ub2e4\uc6b0\uc874\uc2a4\ub294 0.1% \ud558\ub77d, S&P500\uc740 0.2% \ud558\ub77d, \ub098\uc2a4\ub2e5 \uc885\ud569\uc9c0\uc218\ub294 0.6% \ud558\ub77d\ud588\ub2e4. \uc7a5 \ucd08\ubc18\uc5d0\ub294 \uc120\ubb3c\uc2dc\uc7a5\uc774 \uc0c1\uc2b9\ud558\uba70 \ubd84\uc704\uae30\uac00 \ub098\uc544\uc84c\uc9c0\ub9cc, \uc7a5 \ub9c8\uac10\uc73c\ub85c \uac08\uc218\ub85d \ub9e4\ub3c4\uc138\uac00 \uac15\ud654\ub410\ub2e4.
    \ud22c\uc790\uc790\ub4e4\uc740 \uc55e\uc73c\ub85c \ubc1c\ud45c\ub420 \ubbf8\uad6d \uc8fc\uc694 \uacbd\uc81c\uc9c0\ud45c\uac00 \uae08\ub9ac \uacbd\ub85c\uc5d0 \ubbf8\uce60 \uc601\ud5a5\uc744 \uc8fc\uc2dc\ud558\uace0 \uc788\ub2e4. \ub3d9\uc2dc\uc5d0 \uc5f0\uc900\uc758 \ucc28\uae30 \ub9ac\ub354\uc2ed\ub3c4 \uc911\uc694\ud55c \ubcc0\uc218\ub85c \ubd80\uc0c1\ud588\ub2e4.
    \uc6d4\uc2a4\ud2b8\ub9ac\ud2b8\uc800\ub110(WSJ)\uc5d0 \ub530\ub974\uba74, \ub3c4\ub110\ub4dc \ud2b8\ub7fc\ud504 \uc804 \ub300\ud1b5\ub839\uc740 \uc5f0\uc900 \uc758\uc7a5 \ud6c4\ubcf4\ub97c \ucf00\ube48 \uc6cc\uc2dc(\uc804 \uc5f0\uc900 \uc774\uc0ac)\uc640 \ucf00\ube48 \ud574\uc2ef(\ud604 \uad6d\uac00\uacbd\uc81c\uc704\uc6d0\ud68c \uc704\uc6d0\uc7a5) \ub450 \uba85\uc73c\ub85c \uc555\ucd95\ud55c \uac83\uc73c\ub85c \uc804\ud574\uc84c\ub2e4.
    \ubcf4\ub2e4 \uc628\uac74\ud55c \uc131\ud5a5\uc758 \uc5f0\uc900 \uc758\uc7a5 \uac00\ub2a5\uc131\uc740, \ubb3c\uac00\uac00 \uc5ec\uc804\ud788 2% \ubaa9\ud45c\ub97c \uc0c1\ud68c\ud558\uace0 \uc120\uc9c4\uad6d \uc804\ubc18\uc5d0 \uc778\ud50c\ub808\uc774\uc158 \uc555\ub825\uc774 \ub0a8\uc544 \uc788\uc74c\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, 2026\ub144 \uae08\ub9ac \uc778\ud558 \uae30\ub300\ub97c \uac15\ud654\uc2dc\ud0a4\ub294 \uc694\uc778\uc73c\ub85c \uc791\uc6a9\ud588\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":10855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-10854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-noticias-argentina","category-informes-economicos"],"_links":{"self":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/10854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10854"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/10854\/revisions"}],"predecessor-version":[{"id":10856,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/10854\/revisions\/10856"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/10855"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}