{"id":11046,"date":"2026-01-07T20:43:37","date_gmt":"2026-01-07T23:43:37","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=11046"},"modified":"2026-01-07T20:50:07","modified_gmt":"2026-01-07T23:50:07","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c01%ec%9b%94-07%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=11046","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(01\uc6d4 07\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. \uc544\ub974\ud5e8\ud2f0\ub098 \uc911\uc559\uc740\ud589(BCRA), \uc678\ucc44 \uc0c1\ud658 \uc55e\ub450\uace0 \uc678\ud658\ubcf4\uc720\uc561 \uc99d\uac00 \uc704\ud574 30\uc5b5 \ub2ec\ub7ec \ub808\ud3ec(REPO) \uac70\ub798 \uccb4\uacb0
    \uc911\uc559\uc740\ud589\uc740 \uad6d\uc81c \uc740\ud589\ub4e4\uacfc \ubbf8\ud654 30\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \uc2e0\uaddc \uae08\uc735 \uc870\ub2ec \uac70\ub798\ub97c \uc131\uc0ac\uc2dc\ucf30\uc73c\uba70, \uc774\ub294 \ubcf4\ub098\ub808\uc2a4(Bonares) \ubc0f \uae00\ub85c\ubc8c(Globales) \uad6d\ucc44 \ub9cc\uae30 \ub3c4\ub798\ubd84 43\uc5b5 \ub2ec\ub7ec \uc0c1\ud658\uc744 \uc55e\ub450\uace0 \ubcf4\uc720 \uc678\ud658\uc744 \uac15\ud654\ud558\uae30 \uc704\ud55c \ubaa9\uc801\uc774\ub2e4.
    \ud1b5\ud654\ub2f9\uad6d\uc740 \uad6d\uc81c\uc801 \uc2e0\uc6a9\ub3c4\uac00 \ub192\uc740 6\uac1c \ud574\uc678 \uae08\uc735\uae30\uad00\uacfc \ub808\ud3ec(REPO, \ud658\ub9e4\uc870\uac74\ubd80\ucc44\uad8c)\ub97c \uccb4\uacb0\ud588\uc73c\uba70, 2035\ub144\u00b72038\ub144 \ub9cc\uae30\uc758 \ubcf4\ub098\ub808\uc2a4 \uad6d\ucc44 \uc77c\ubd80\ub97c \ub2f4\ubcf4\ub85c \uc81c\uacf5\ud588\ub2e4.
    \uc774\ubc88 \uac70\ub798\ub294 \ubc00\ub808\uc774 \uc815\ubd80 \ucd9c\ubc94 \uc774\ud6c4 \uc138 \ubc88\uc9f8 \ub808\ud3ec \uac70\ub798\ub85c,
    1\ucc28: 2024\ub144 1\uc6d4 \/ 20\uc5b5 \ub2ec\ub7ec,
    2\ucc28: 2025\ub144 6\uc6d4 \/ 10\uc5b5 \ub2ec\ub7ec (\ub450 \uac74 \ubaa8\ub450 \ubcf4\ud504\ub808\uc54c\ub808\uc2a4 \uad6d\ucc44 \ub2f4\ubcf4) \uc774\ud6c4\uc758 \uc0ac\ub840\ub2e4.
    \uc774\ubc88 \uc785\ucc30\uc740 \ubaa8\uc9d1 \uae08\uc561 \uc804\uc561\uc774 \ubc30\uc815\ub418\uc5c8\uc73c\uba70,
    \ub9cc\uae30 372\uc77c, \ub2ec\ub7ec \uae30\uc900 SOFR (\ub2f4\ubcf4 1\uc77c\ubb3c \uae08\ub9ac) + \ud3c9\uade0 \uad6d\uac00\uc704\ud5d8\ub3c4 400bp \uc870\uac74\uc73c\ub85c \uccb4\uacb0\ub418\uc5b4, \uc5f0\uac04 \uc774\uc728\uc740 \uc57d 7.4% \uc218\uc900\uc73c\ub85c \uc0b0\ucd9c\ub41c\ub2e4.
    \uc911\uc559\uc740\ud589\uc5d0 \ub530\ub974\uba74, \uc774\ubc88 \uc785\ucc30\uc740 \uc740\ud589\ub4e4 \uc0ac\uc774\uc5d0\uc11c \uac15\ud55c \uad00\uc2ec\uc744 \ubd88\ub7ec\uc77c\uc73c\ucf1c \ucd1d 44\uc5b5 \ub2ec\ub7ec\uc758 \uc785\ucc30 \uc8fc\ubb38\uc774 \uc811\uc218\ub418\uc5c8\uc73c\uba70, \uc774\ub294 \ub2f9\ucd08 \ubaa9\ud45c \uae08\uc561\ubcf4\ub2e4 50% \ub9ce\uc740 \uc218\uc900\uc774\uc5c8\ub2e4.
    \uadf8\ub7fc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc911\uc559\uc740\ud589\uc740 \ud5a5\ud6c4 \uba87 \ub2ec\uac04\uc758 \uacf5\uc2dd \uc678\ud658\ubcf4\uc720\uc561 \ucd95\uc801 \uc804\ub9dd\uc744 \uace0\ub824\ud574 \ubc30\uc815 \uaddc\ubaa8\ub97c \ud655\ub300\ud558\uc9c0 \uc54a\uae30\ub85c \uacb0\uc815\ud588\ub2e4.
    \uc911\uc559\uc740\ud589 \uce21\uc740 \uc774\ubc88 \uac70\ub798\uac00 \uad6d\uac00\uc704\ud5d8\ub3c4 \ud558\ub77d \uad6d\uba74 \uc18d\uc5d0\uc11c \ub300\uc678 \uae08\uc735 \uc811\uadfc\uc131\uc774 \uac1c\uc120\ub418\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc8fc\uba70, \uac70\uc2dc\uacbd\uc81c \uc9c8\uc11c \ud68c\ubcf5 \ubc0f \uad6d\uc81c \uc2e0\uc6a9\uc2dc\uc7a5 \uc815\uc0c1\ud654 \uacfc\uc815\uc758 \uc77c\ubd80\ub77c\uace0 \ud3c9\uac00\ud588\ub2e4.
    <\/li>\n\n\n\n
  2. \uc911\uc559\uc740\ud589 \uacf5\uc2dd \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c \ub2ec\ub7ec \ub9e4\uc785
    \ud654\uc694\uc77c \ud558\ub8e8 \ub3d9\uc548 \uc57d 4\ucc9c\ub9cc \ub2ec\ub7ec\ub97c \ub9e4\uc785\ud588\uace0, \ub3d9\uc2dc\uc5d0 \uc7ac\ubb34\uccad\ub3c4 \ube44\uc2b7\ud55c \uaddc\ubaa8\uc758 \ub2ec\ub7ec\ub97c \ub9e4\uc785\ud55c \ub4a4 \uc774\ub97c \uc911\uc559\uc740\ud589 \ubcf4\uc720\uace0\ub85c \uc774\uc804\ud588\ub2e4.
    \uc774\ub7ec\ud55c \uc870\uce58\ub85c \uc778\ud574 \ud558\ub8e8 \ub3d9\uc548 \uc57d 8,300\ub9cc \ub2ec\ub7ec\uc758 \uc678\ud654\ub97c \uc21c\uc99d\uc2dc\ucf30\uc73c\uba70, \uadf8 \uacb0\uacfc \ucd1d\uc678\ud658\ubcf4\uc720\uc561\uc740 441\uc5b5 8,700\ub9cc \ub2ec\ub7ec\uae4c\uc9c0 \uc99d\uac00\ud588\ub2e4.
    \uc815\ubd80\uc758 \uacf5\uc2dd \uc2dc\ub098\ub9ac\uc624\ub294 2026\ub144 \ud55c \ud574 \ub3d9\uc548 \ucd5c\uc18c 100\uc5b5 \ub2ec\ub7ec\uc758 \uc678\ud658\ubcf4\uc720\uc561 \uc21c\uc99d\uc744 \ubaa9\ud45c\ub85c \ud558\uace0 \uc788\uc73c\uba70, \uc774\ub294 \ud398\uc18c\ud654 \uc218\uc694\uc758 \uc9c0\uc18d\uc801 \uc99d\uac00,
    \uacf5\uc2dd \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c\uc758 \uc548\uc815\uc801\uc778 \uc678\ud654 \uc720\uc785\uc744 \uc804\uc81c\ub85c \ud55c\ub2e4.
    \ub2e4\ub9cc \uc2dc\uc7a5 \ucc38\uac00\uc790\ub4e4\uc740, \uc911\uc559\uc740\ud589\uc758 \ub2ec\ub7ec \ub9e4\uc785\uacfc \ub3d9\uc2dc\uc5d0 \uc7ac\ubb34\uccad\uc774 \uacf5\uc2dd \ub3c4\ub9e4\ud658\uc728\uc774 \ud658\uc728 \ubc34\ub4dc \uc0c1\ub2e8\uc5d0 \uc811\uadfc\ud558\ub294 \uac83\uc744 \ub9c9\uae30 \uc704\ud574 \ub2ec\ub7ec \ub9e4\ub3c4\ub97c \ubcd1\ud589\ud588\uc744 \uac00\ub2a5\uc131\uc744 \uc81c\uae30\ud588\ub2e4.
    \uc774\ub7ec\ud55c \ud574\uc11d\uc758 \uadfc\uac70\ub85c\ub294 \ub18d\uc0b0\ubb3c \uc218\ucd9c \ubd80\ubb38\uc758 \uc81c\ud55c\uc801\uc778 \uacf5\uae09, \ub0ae\uc740 \uac70\ub798\ub7c9, \uc7a5 \ub9c8\uac10 \ubb34\ub835 \ub69c\ub837\ud55c \ud658\uc728 \ubc29\ud5a5 \uc804\ud658 \ub4f1\uc774 \uc5b8\uae09\ub410\ub2e4.
    \uacb0\uacfc\uc801\uc73c\ub85c \uad6d\uc81c \ucd1d\uc678\ud658\ubcf4\uc720\uc561\uc740 \uc804\uc77c \uae30\uc900 441\uc5b5 8,700\ub9cc \ub2ec\ub7ec\ub85c \ub9c8\uac10\ud588\ub2e4.
    \uc774\uc640\uad00\ub828 IProfesional\uc740 \ub2e4\uc74c\uacfc \uac19\uc774 \ubcf4\ub3c4\ud588\ub2e4.
    \uc2dc\uc7a5 \uae30\ub2a5\uc744 \uc65c\uace1\ud558\uc9c0 \uc54a\uae30 \uc704\ud574, \uc911\uc559\uc740\ud589\uc740 \uc77c\uc77c \uac1c\uc785 \ud55c\ub3c4\ub97c \u2018\ub2f9\uc77c \uac70\ub798\ub7c9\uc758 5%\u2019\ub85c \uc81c\ud55c\ud558\ub294 \uae30\uc900\uc744 \uc124\uc815\ud588\ub2e4\uace0 \ubc1d\ud614\ub2e4.
    <\/li>\n\n\n\n
  3. \ub2ec\ub7ec \ud658\uc728 \ub2e4\uc2dc \ud558\ub77d, \uc5ec\uc804\ud788 \ud658\uc728 \ubc34\ub4dc \uc0c1\ub2e8 \uadfc\ucc98
    \uacf5\uc2dd \ub2ec\ub7ec \ubc0f \uae08\uc735 \ub2ec\ub7ec \ud658\uc728\uc740 \uc774\ud2c0 \uc5f0\uc18d \ud558\ub77d\ud588\uc73c\uba70, \uc678\ud658\uc2dc\uc7a5\uc740 \uc804\ubc18\uc801\uc73c\ub85c \uc548\uc815\ub41c \ubaa8\uc2b5\uc774\uc5c8\uc9c0\ub9cc \ud658\uc728 \uc218\uc900\uc740 \uc5ec\uc804\ud788 \ubc34\ub4dc \uc0c1\ub2e8\uc5d0 \uadfc\uc811\ud574 \uc788\uc5c8\ub2e4.
    \uc774\ub7ec\ud55c \ud658\uacbd \uc18d\uc5d0\uc11c \uc7ac\ubb34\uccad\uc740 \ucd94\uac00\uc801\uc778 \ud658\uc728 \uc555\ub825\uc744 \ubc29\uc9c0\ud558\uae30 \uc704\ud574 \ub2ec\ub7ec \ub9e4\ub3c4\ub97c \uc9c0\uc18d\ud588\ub2e4.
    \uc18c\ub9e4 \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uad6d\uc601\uc740\ud589(Banco Naci\u00f3n) \uae30\uc900 \ub9e4\ub3c4 \ud658\uc728\uc774 1,488.32\ud398\uc18c\ub85c \ud558\ub77d\ud588\uace0,
    \ub3c4\ub9e4 \uc2dc\uc7a5\uc5d0\uc11c\ub294 1,467.50\ud398\uc18c\ub85c \ub9c8\uac10\ud588\ub2e4.
    \uac70\ub798\ub7c9\uc740 \uc804\uc77c 3\uc5b5 8,380\ub9cc \ub2ec\ub7ec\uc5d0\uc11c 5\uc5b5 7,340\ub9cc \ub2ec\ub7ec\ub85c \uae09\uc99d\ud588\ub2e4.
    \uc774 \uc218\uce58\ub97c \uae30\uc900\uc73c\ub85c \ubcfc \ub54c, \ub3c4\ub9e4 \ud658\uc728\uc740 \ud658\uc728 \ubc34\ub4dc \uc0c1\ub2e8 \ub300\ube44 \ubd88\uacfc 4.5% \ub0ae\uc740 \uc218\uc900\uc5d0 \uc704\uce58\ud574 \uc788\ub2e4.<\/li>\n<\/ol>\n\n\n\n

    \ud658\uc728\uc740 1\uc6d4\ubd80\ud130 \ubb3c\uac00\uc0c1\uc2b9\ub960(\uc778\ud50c\ub808\uc774\uc158)\uc5d0 \uc5f0\ub3d9\ud574 \uc870\uc815\uc774 \uc2dc\uc791\ub410\ub2e4.
    \uc120\ubb3c\ud658 \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uacc4\uc57d\ubcc4\ub85c \ud63c\uc870 \uc591\uc0c1\uc774 \ub098\ud0c0\ub0ac\ub294\ub370, \ub2e8\uae30\ubb3c\uc5d0\uc11c\ub294 \ud558\ub77d, 4\uc6d4\ubd80\ud130 6\uc6d4 \uad6c\uac04\uc5d0\uc11c\ub294 \uc0c1\uc2b9\uc774 \ub098\ud0c0\ub0ac\ub2e4.
    \uccb4\uacb0\ub41c \uac00\uaca9\uc744 \uae30\uc900\uc73c\ub85c \ubcfc \ub54c, \uc2dc\uc7a5\uc740 \uc5f0\uc911 \uc911\ubc18 \ubb34\ub835 \ub2ec\ub7ec \ud658\uc728\uc774 \uc57d 1,671\ud398\uc18c \uc218\uc900\uc5d0 \uc774\ub97c \uac83\uc73c\ub85c \uc804\ub9dd\ud558\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc0c1\ubc18\uae30 \ub3d9\uc548 \uc57d 15%\uc5d0 \uac00\uae4c\uc6b4 \ud658\uc728 \uc0c1\uc2b9\uc744 \uc758\ubbf8\ud55c\ub2e4.
    \uae08\uc735 \ud658\uc728\uc758 \uacbd\uc6b0, MEP \ud658\uc728\uc740 1,498.06\ud398\uc18c\ub85c \ud558\ub77d, \uaca9\ucc28\ub294 2.08%\ub85c \ucd95\uc18c\ub418\uc5c8\uace0, CCL \ud658\uc728\uc740 1,539.62\ud398\uc18c\ub85c \ud558\ub77d, \uc774\uc5d0 \ub530\ub77c \uaca9\ucc28\ub294 4.92%\uae4c\uc9c0 \uac10\uc18c\ud588\ub2e4.<\/p>\n\n\n\n

      \n
    1. \ub2ec\ub7ec \ud45c\uc2dc \uad6d\ucc44 \ud63c\uc870, \ucc44\ubb34 \uc0c1\ud658 \uc55e\ub450\uace0 \uc2e0\uc911\ub860
      \uc544\ub974\ud5e8\ud2f0\ub098 \uae08\uc735\uc790\uc0b0\uc740 \ub69c\ub837\ud55c \ubc29\ud5a5\uc131 \uc5c6\uc774 \ub4f1\ub77d\uc774 \uc5c7\uac08\ub9ac\ub294 \uc7a5\uc138\ub97c \ubcf4\uc600\ub2e4.
      \uc774\ub294 \uad6d\uc81c \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uacfc \ub354\ubd88\uc5b4 \ub2ec\ub7ec \ud45c\uc2dc \ucc44\ubb34 \ub9cc\uae30 \uc0c1\ud658\uacfc \uad00\ub828\ud55c \uc815\ubd80\uc758 \uacb0\uc815\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \uae30\ub300\uac10\uc774 \ub9de\ubb3c\ub9b0 \uacb0\uacfc\ub2e4.
      \uad6d\ub0b4 \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc678\ud654 \ud45c\uc2dc \uad6d\ucc44\ub4e4\uc774 \uc5c7\uac08\ub9b0 \ud750\ub984\uc744 \ubcf4\uc600\ub2e4.
      \ubcf4\ub098\ub974 2029N\uc740 \ucd5c\ub300 0.4% \uc0c1\uc2b9\ud558\uba70 \uc0c1\uc2b9\uc744 \uc8fc\ub3c4\ud55c \ubc18\uba74, \ubcf4\ub098\ub974 2041\uc740 0.4% \ud558\ub77d\ud558\uba70 \ud558\ub77d\ud3ed\uc774 \uac00\uc7a5 \ucef8\ub2e4.
      \uae00\ub85c\ubc8c \ucc44\uad8c \uac00\uc6b4\ub370\uc11c\ub294 GD30\ub9cc\uc774 \uc720\uc77c\ud558\uac8c \ud50c\ub7ec\uc2a4 \uc601\uc5ed\uc5d0 \uba38\ubb3c\uba70 0.1%\uc758 \uc18c\ud3ed \uc0c1\uc2b9\uc744 \uae30\ub85d\ud588\ub2e4.
      \ud55c\ud3b8 \uc6d4\uac00(Wall Street)\uc5d0\uc11c\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uad6d\ucc44\ub4e4\uc774 \ucd5c\ub300 0.08% \ud558\ub77d\ud558\ub294 \uc18c\ud3ed \uc870\uc815\uc744 \ubcf4\uc600\ub2e4.
      \ub300\uc678 \ud658\uacbd\uc740 \ubca0\ub124\uc218\uc5d8\ub77c \uc0ac\ud0dc\uc640 \ubbf8\uad6d\uc5d0\uc11c \ub2c8\ucf5c\ub77c\uc2a4 \ub9c8\ub450\ub85c\ub97c \uc0c1\ub300\ub85c \uc9c4\ud589 \uc911\uc778 \uc0ac\ubc95 \uc808\ucc28\uc758 \uc9c4\uc804, \uadf8\ub9ac\uace0 \ubbf8\uad6d\uc758 \ud0c0\uad6d \uac1c\uc785 \uac00\ub2a5\uc131\uc5d0 \ub300\ud55c \uacbd\uace0\ub85c \uc778\ud574 \uacc4\uc18d\ud574\uc11c \uc601\ud5a5\uc744 \ubc1b\uc558\ub2e4.
      \uc774\ub7ec\ud55c \uc0c1\ud669\uc740 \uc804 \uc138\uacc4\uc801\uc73c\ub85c \uc704\ud5d8 \ud68c\ud53c \uc2ec\ub9ac\ub97c \ub192\uc600\uace0, \uadf8 \uacb0\uacfc \uad6d\uc81c \uc99d\uc2dc \uc804\ubc18\uc5d0 \ud558\ubc29 \uc555\ub825\uc744 \uac00\ud588\ub2e4. \uc774\ub7ec\ud55c \ud750\ub984\uc740 \uc544\ub974\ud5e8\ud2f0\ub098 \uae08\uc735\uc790\uc0b0\uc5d0\ub3c4 \uadf8\ub300\ub85c \ubc18\uc601\ub418\uc5c8\ub2e4.
      \uc8fc\uc2dd \ubd80\ubb38\uc5d0\uc11c\ub294, \uc544\ub974\ud5e8\ud2f0\ub098 ADR\ub4e4\uc774 \ub274\uc695 \uc2dc\uc7a5\uc5d0\uc11c \ub300\uccb4\ub85c \ud558\ub77d, \ucd5c\ub300 6.2%\uc5d0 \ub2ec\ud558\ub294 \uc190\uc2e4\uc744 \uae30\ub85d\ud588\ub2e4.
      \uad6d\ub0b4 \uc2dc\uc7a5\uc5d0\uc11c\ub294 S&P \uba54\ub974\ubc1c \uc9c0\uc218\uac00
      \ud398\uc18c \uae30\uc900\uc73c\ub85c 0.6% \ud558\ub77d, \ub2ec\ub7ec \uae30\uc900\uc73c\ub85c\ub3c4 0.2% \ud558\ub77d\ud588\uc73c\uba70, \ub300\ud45c \uc885\ubaa9\ub4e4 \uac04\uc5d0\ub294 \uc0c1\uc2b9\uacfc \ud558\ub77d\uc774 \ud06c\uac8c \uc5c7\uac08\ub9ac\ub294 \ud63c\uc870 \uc591\uc0c1\uc774 \ub098\ud0c0\ub0ac\ub2e4.
      \uc774 \uacfc\uc815\uc5d0\uc11c \uc77c\ubd80 \uc885\ubaa9\uc740 \ucd5c\ub300 4.5% \uc0c1\uc2b9, \ub2e4\ub978 \uc885\ubaa9\uc740 \ucd5c\ub300 2.5% \ud558\ub77d\ud588\ub2e4.
      \uc774\ub7ec\ud55c \ud658\uacbd \uc18d\uc5d0\uc11c \uad6d\uac00 \uc704\ud5d8\ub3c4\ub294 560bp \uc774\uc0c1 \uc218\uc900\uc744 \uc720\uc9c0\ud588\uc73c\uba70, \uc774\ub294 \uad6d\uc81c \uae08\uc735 \ud658\uacbd\uc758 \ubcf5\uc7a1\uc131\uacfc \uae08\uc735 \uc804\uc120\uc5d0\uc11c\uc758 \ubd88\ud655\uc2e4\uc131\uc5d0 \ub300\ud574 \ud22c\uc790\uc790\ub4e4\uc774 \uc5ec\uc804\ud788 \uc2e0\uc911\ud55c \ud0dc\ub3c4\ub97c \uc720\uc9c0\ud558\uace0 \uc788\uc74c\uc744 \ubc18\uc601\ud55c\ub2e4.
      <\/li>\n\n\n\n
    2. \ud2b8\ub7fc\ud504, \ubca0\ub124\uc218\uc5d8\ub77c\uac00 \ubbf8\uad6d\uc5d0 \uc6d0\uc720 3,000\ub9cc~5,000\ub9cc \ubc30\ub7f4 \uacf5\uae09 \ubc1c\ud45c
      \ud2b8\ub7fc\ud504\ub294 \ubca0\ub124\uc218\uc5d8\ub77c\uc758 \uc784\uc2dc \ub2f9\uad6d\uc774 \ubbf8\uad6d \uc2dc\uc7a5\uc5d0 \uace0\uae09 \uc6d0\uc720 3,000\ub9cc~5,000\ub9cc \ubc30\ub7f4\uc744 \uc774\uc804\ud558\uae30\ub85c \ud569\uc758\ud588\ub2e4\uace0 \uc804\ub0a0 \ubc1d\ud614\ub2e4.
      \uc774 \ubc1c\ud45c\ub294 \ubbf8\uad6d \uad70\uc5d0 \uc758\ud574 \uce74\ub77c\uce74\uc2a4\uc5d0\uc11c \ub2c8\ucf5c\ub77c\uc2a4 \ub9c8\ub450\ub85c\uac00 \uccb4\ud3ec\ub41c \uc774\ud6c4 \uace0\uc870\ub41c \uc815\uce58\uc801 \uae34\uc7a5 \uc0c1\ud669 \uc18d\uc5d0\uc11c \ub098\uc654\ub2e4.
      \ud2b8\ub7fc\ud504\uc5d0 \ub530\ub974\uba74, \ud574\ub2f9 \uc6d0\uc720\ub294 \uc2dc\uc7a5 \uac00\uaca9\uc73c\ub85c \ud310\ub9e4\ub418\uba70, \uc774 \uac70\ub798\uc5d0\uc11c \ubc1c\uc0dd\ud558\ub294 \uc218\uc775\uc740 \ubc31\uc545\uad00\uc758 \ud1b5\uc81c \ud558\uc5d0 \uad00\ub9ac\ub418\uace0, \uadf8 \ubaa9\uc801\uc740 \u201c\ubca0\ub124\uc218\uc5d8\ub77c \uad6d\ubbfc\uacfc \ubbf8\uad6d \uad6d\ubbfc \ubaa8\ub450\uc758 \uc774\uc775\uc744 \uc704\ud574 \uc0ac\uc6a9\u201d \ub418\ub294 \uac83\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4.
      \ub610\ud55c \ud2b8\ub7fc\ud504\ub294 \uc5d0\ub108\uc9c0\ubd80 \uc7a5\uad00 \ud06c\ub9ac\uc2a4 \ub77c\uc774\ud2b8(Chris Wright)\uc5d0\uac8c \uc989\uac01\uc801\uc778 \uc2e4\ud589\uc744 \uc9c0\uc2dc, \uc6d0\uc720\ub97c \uc120\ubc15\uc744 \ud1b5\ud574 \ubbf8\uad6d \uc601\ud1a0 \ub0b4 \ud558\uc5ed \ud56d\uad6c\ub85c \uc9c1\uc811 \uc6b4\uc1a1\ud558\ub3c4\ub85d \ud588\ub2e4.
      \uc774\ubc88 \ud569\uc758\ub294 \uc6cc\uc2f1\ud134\uacfc \ub9c8\ub450\ub85c \uccb4\ud3ec \uc774\ud6c4 \uad8c\ub825\uc744 \uc7a5\uc545\ud55c \ubca0\ub124\uc218\uc5d8\ub77c \ub2f9\uad6d \uac04\uc758 \ubcf5\uc7a1\ud55c \ud611\uc0c1 \uacfc\uc815 \uc18d\uc5d0\uc11c \uc774\ub8e8\uc5b4\uc84c\uc73c\uba70, \ub3d9\uc2dc\uc5d0 \ubbf8\uad6d\uc758 \uc9c0\uc5ed \uac1c\uc785 \uac00\ub2a5\uc131\uc5d0 \ub300\ud55c \uacbd\uace0\ub3c4 \ub3d9\ubc18\ub418\uc5c8\ub2e4.
      \uc774 \uc870\uce58\ub294 \uc9c0\uc815\ud559\uc801 \uce21\uba74\ubfd0\ub9cc \uc544\ub2c8\ub77c \ubca0\ub124\uc218\uc5d8\ub77c \uc11d\uc720 \uc0b0\uc5c5\uacfc \uae00\ub85c\ubc8c \uc5d0\ub108\uc9c0 \uc2dc\uc7a5\uc5d0 \ubbf8\uce60 \uc601\ud5a5\uc744 \ub458\ub7ec\uc2f8\uace0 \uac15\ud55c \ub17c\uc7c1\uc744 \ucd09\ubc1c\uc2dc\ucf30\ub2e4.<\/li>\n<\/ol>\n\n\n\n

      <\/p>\n","protected":false},"excerpt":{"rendered":"

      \uc624\ub298\uc758 \uacbd\uc81c \ud658\uc728\uc740 1\uc6d4\ubd80\ud130 \ubb3c\uac00\uc0c1\uc2b9\ub960(\uc778\ud50c\ub808\uc774\uc158)\uc5d0 \uc5f0\ub3d9\ud574 \uc870\uc815\uc774 \uc2dc\uc791\ub410\ub2e4.\uc120\ubb3c\ud658 \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uacc4\uc57d\ubcc4\ub85c \ud63c\uc870 \uc591\uc0c1\uc774 \ub098\ud0c0\ub0ac\ub294\ub370, \ub2e8\uae30\ubb3c\uc5d0\uc11c\ub294 \ud558\ub77d, 4\uc6d4\ubd80\ud130 6\uc6d4 \uad6c\uac04\uc5d0\uc11c\ub294 \uc0c1\uc2b9\uc774 \ub098\ud0c0\ub0ac\ub2e4.\uccb4\uacb0\ub41c \uac00\uaca9\uc744 \uae30\uc900\uc73c\ub85c \ubcfc \ub54c, \uc2dc\uc7a5\uc740 \uc5f0\uc911 \uc911\ubc18 \ubb34\ub835 \ub2ec\ub7ec \ud658\uc728\uc774 \uc57d 1,671\ud398\uc18c \uc218\uc900\uc5d0 \uc774\ub97c \uac83\uc73c\ub85c \uc804\ub9dd\ud558\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc0c1\ubc18\uae30 \ub3d9\uc548 \uc57d 15%\uc5d0 \uac00\uae4c\uc6b4 \ud658\uc728 \uc0c1\uc2b9\uc744 \uc758\ubbf8\ud55c\ub2e4.\uae08\uc735 \ud658\uc728\uc758 \uacbd\uc6b0, MEP \ud658\uc728\uc740 1,498.06\ud398\uc18c\ub85c \ud558\ub77d, \uaca9\ucc28\ub294 2.08%\ub85c \ucd95\uc18c\ub418\uc5c8\uace0, CCL \ud658\uc728\uc740 1,539.62\ud398\uc18c\ub85c \ud558\ub77d, \uc774\uc5d0 \ub530\ub77c \uaca9\ucc28\ub294 4.92%\uae4c\uc9c0 \uac10\uc18c\ud588\ub2e4.<\/p>\n","protected":false},"author":6,"featured_media":11047,"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-11046","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\/11046","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=11046"}],"version-history":[{"count":3,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11046\/revisions"}],"predecessor-version":[{"id":11052,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11046\/revisions\/11052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/11047"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}