{"id":11072,"date":"2026-01-10T07:44:30","date_gmt":"2026-01-10T10:44:30","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=11072"},"modified":"2026-01-10T07:44:31","modified_gmt":"2026-01-10T10:44:31","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c01%ec%9b%94-09%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=11072","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(01\uc6d4 09\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. \uc815\ubd80 \uc790\uccb4 \uc790\uae08, \uc218\ub825\ubc1c\uc804 \ub310 \ub9e4\uac01 \ub300\uae08, \ub808\ud3ec(REPO) \uac70\ub798 \ud65c\uc6a9 43\uc5b5 \ub2ec\ub7ec \uad6d\ucc44 \uc0c1\ud658
    \uc815\ubd80\ub294 \uc624\ub298(1\uc6d4 9\uc77c) \uc62c\ud574 \ub4e4\uc5b4 \uccab \ubc88\uc9f8 \ub300\uaddc\ubaa8 \ubd80\ucc44 \ub9cc\uae30\uc5d0 \uc9c1\uba74\ud574 \uc788\uc73c\uba70, \uc774\ub294 \uae00\ub85c\ubc8c(Globales) \ucc44\uad8c\uacfc \ubcf4\ub098\ub808\uc2a4(Bonares) \ucc44\uad8c \uc0c1\ud658\uc744 \uc704\ud55c \uc57d 43\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\ub2e4. \uc815\ubd80\ub294 \uc774\ubc88 \uc0c1\ud658\uc774 \uae08\uc735\uc2dc\uc7a5\uc5d0 \uae34\uc7a5 \uc5c6\uc774 \uc774\ub8e8\uc5b4\uc9c8 \uac83\uc774\ub77c\uace0 \uac15\uc870\ud588\ub2e4.
    \uc7ac\ubb34\uccad\uc758 \uc608\uce58\uae08, \uc790\uc0b0 \ub9e4\uac01\uc744 \ud1b5\ud55c \uc77c\ud68c\uc131 \uc218\uc785,
    \ub2e8\uae30 \uc678\ud654 \ucc28\uc785\uc744 \uacb0\ud569\ud55c \ubc29\uc2dd\uc774\ub2e4.
    \uacf5\uc2dd \ucd5c\uc2e0 \uc790\ub8cc\uc5d0 \ub530\ub974\uba74, \uc7ac\ubb34\uccad\uc740 \uc911\uc559\uc740\ud589(BCRA)\uc5d0 19\uc5b56,300\ub9cc \ub2ec\ub7ec\ub97c \uc608\uce58\ud558\uace0 \uc788\uc5c8\uc73c\uba70, \uc5ec\uae30\uc5d0 \ucf54\ub9c8\uc6b0\uc5d0(Comahue) \uc9c0\uc5ed \uc218\ub825\ubc1c\uc804 \ub310 \ub9e4\uac01\uc73c\ub85c \uc720\uc785\ub41c 7\uc5b5 \ub2ec\ub7ec\uac00 \ucd94\uac00\ub418\uc5c8\ub2e4.
    \ub610\ud55c \uc911\uc559\uc740\ud589\uc740 6\uac1c \uad6d\uc81c\uc740\ud589\uacfc \ucd1d 30\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ub808\ud3ec(REPO, \ud658\ub9e4\uc870\uac74\ubd80\ucc44\uad8c) \uac70\ub798\ub97c \uccb4\uacb0\ud588\uc73c\uba70, \ub9cc\uae30\ub294 372\uc77c\uc774\ub2e4.
    \uc774 \uac70\ub798\uc758 \uc5f0\uac04 \uae08\uc735\ube44\uc6a9\uc740 \uc57d 7.4%\ub85c, \uc774\ub294 \ub2ec\ub7ec SOFR (\ub2f4\ubcf4 1\uc77c\ubb3c) \uae08\ub9ac\uc5d0 400bp(4%\ud3ec\uc778\ud2b8)\uc758 \uae08\ub9ac\ub97c \ub354\ud55c \uc218\uc900\uc774\uba70, \ubd80\ucc44 \ub9cc\uae30 \uc0c1\ud658 \uc790\uae08 \uc870\ub2ec\uc744 \uc644\uc131\ud558\ub294 \uc5ed\ud560\uc744 \ud588\ub2e4.
    \uc774\uc5d0\ub530\ub77c \ucd1d \uad6d\uc81c \uc678\ud658\ubcf4\uc720\uc561\uc740 447\uc5b5 \ub2ec\ub7ec\ub97c \uc0c1\ud68c\ud588\uc73c\uba70, \uc774\ub294 \ub808\ud3ec \uc790\uae08 \uc720\uc785\uc758 \uc601\ud5a5\uc774 \ucef8\ub2e4. \ub2e4\ub9cc \uad6d\ucc44 \uc0c1\ud658\uc744 \uc704\ud55c \uc790\uae08 \uc720\ucd9c\ub85c \uc77c\ubd80 \uc0c1\uc1c4\ub418\uc5c8\ub2e4.
    \uc758\ud68c\uc608\uc0b0\ucc98\uc5d0 \ub530\ub974\uba74 \uc774\ubc88 \ub9cc\uae30\uc5d0\ub294
    \uae00\ub85c\ubc8c \ucc44\uad8c:
    \uc6d0\uae08 15\uc5b52,200\ub9cc \ub2ec\ub7ec,
    \uc774\uc790 10\uc5b54,200\ub9cc \ub2ec\ub7ec,
    \ubcf4\ub098\ub808\uc2a4 \ucc44\uad8c:
    \uc6d0\uae08 11\uc5b58,700\ub9cc \ub2ec\ub7ec,
    \uc774\uc790 4\uc5b56,200\ub9cc \ub2ec\ub7ec\uac00 \ud3ec\ud568\ub41c\ub2e4.
    \uc774\uc640\uad00\ub828 \ud3ec\ube0c\uc2a4(Forbes)\uc5d0 \uc2e4\ub9b0 \uae30\uc0ac\uc5d0\uc11c\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \uc804\ud588\ub2e4.
    \u201c\uc911\uc559\uc740\ud589\uc740 \uae00\ub85c\ubc8c \ubc0f \ubcf4\ub098\ub808\uc2a4 \ucc44\uad8c\uc5d0 \ud574\ub2f9\ud558\ub294 43\uc5b5 \ub2ec\ub7ec \ub9cc\uae30\ub97c \uc55e\ub450\uace0, \uc678\ud658\ubcf4\uc720\uc561 \uac15\ud654\ub97c \ubaa9\ud45c\ub85c \uad6d\uc81c\uc740\ud589\ub4e4\uacfc \uc0c8\ub85c\uc6b4 \uae08\uc735 \uc870\ub2ec \uac70\ub798\ub97c \uc131\uc0ac\uc2dc\ucf30\ub2e4.\u201d<\/li>\n\n\n\n
  2. \ub3c4\ub9e4 \ud658\uc728 \uc18c\ud3ed \uc0c1\uc2b9, 3\uac70\ub798\uc77c \uc5f0\uc18d \ud558\ub77d\uc138 \ub9c8\uac10
    \uc9c0\ub09c \ud558\ub77d \uae30\uac04\uc740 \uc911\uc559\uc740\ud589\uc758 \ub9e4\uc218 \uac1c\uc785\uacfc \uacb9\ucce4\ub358 \uc2dc\uae30\uc600\ub2e4.
    \ud658\uc728\uc740 4\ud398\uc18c(0.3%) \uc0c1\uc2b9\ud574 1,464\ud398\uc18c\uc5d0 \ub9c8\uac10\ub418\uc5c8\uc73c\uba70, \ud604\ubb3c \uc2dc\uc7a5\uc5d0\uc11c\ub294 5\uc5b55,650\ub9cc \ub2ec\ub7ec\uc5d0 \ub2ec\ud558\ub294 \ub192\uc740 \uac70\ub798\ub7c9\uc774 \uae30\ub85d\ub418\uc5c8\ub2e4.
    \ud55c\ud3b8 \uae08\uc735 \ub2ec\ub7ec\ub294 \ud070 \ubcc0\ub3d9\uc774 \uc5c6\uc5c8\ub294\ub370,
    MEP \ud658\uc728\uc740 1,494.11\ud398\uc18c, CCL \ud658\uc728\uc740 1,530.92\ud398\uc18c\ub97c \uae30\ub85d\ud588\ub2e4.
    \uc774\uc5d0 \ub530\ub77c \uacf5\uc2dd \ub3c4\ub9e4 \ud658\uc728 \ub300\ube44 \uaca9\ucc28\ub294
    MEP 2.06%, CCL 4.57%\ub85c \ub098\ud0c0\ub0ac\ub2e4.
    \uc774\uc640\uad00\ub828 Infobae \uc9c0\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \ubd84\uc11d\ud588\ub2e4.
    \u201c\uc678\ud658\ubcf4\uc720\uc561 \ucd95\uc801 \ud504\ub85c\uadf8\ub7a8\uc774 \uacf5\uc2dd\uc801\uc73c\ub85c \uc2dc\uc791\ub41c \uc774\ud6c4\uc5d0\ub3c4, \ub3c4\ub9e4 \ud658\uc728\uc774 \ud658\uc728 \ubc34\ub4dc \uc0c1\ub2e8\uc5d0 \uc811\uadfc\ud558\uc9c0 \uc54a\ub3c4\ub85d \ud558\uae30 \uc704\ud55c \uacf5\uc2dd \uac1c\uc785 \uba54\ucee4\ub2c8\uc998\uc774 \uacc4\uc18d \uac10\uc9c0\ub418\uace0 \uc788\ub2e4.\u201d<\/li>\n\n\n\n
  3. \ubcf4\ub098\ub808\uc2a4 \ubc0f \uae00\ub85c\ubc8c \uad6d\ucc44 \ucd5c\ub300 \ud558\ub77d, \uc774\ub294 \uae30\ubcf8\uc801\uc778 \ud380\ub354\uba58\ud138\uc774 \uc544\ub2cc \uae30\uc220\uc801 \uc694\uc778
    \uad6d\ucc44\uc758 \ucd5c\ub300 2% \ud558\ub77d\uc740 1\uc6d4 8\uc77c(\ubaa9) \ucfe0\ud3f0(\uc774\uc790) \uae30\uc900\uc77c\uacfc, \uc774\uc790 \ubc0f \uc6d0\uae08 \uc0c1\ud658 \uc774\ud6c4 \ud50c\ub7ab\ud3fc \uc0c1 \uac00\uaca9 \ubc18\uc601 \ubc29\uc2dd\uacfc \uad00\ub828\ub418\uc5b4 \uc788\ub2e4.
    \uc774 \uacbd\uc6b0 \uc9c0\uae09 \uc9c1\ud6c4 \uac00\uaca9\uc774 \uc989\uac01 \uc870\uc815\ub418\uc9c0 \uc54a\uae30 \ub54c\ubb38\uc5d0, \uc2e4\uc81c \uc131\uacfc\ub97c \ubc18\uc601\ud558\uc9c0 \uc54a\ub294 \ud558\ub77d\uc774 \ubc1c\uc0dd\ud560 \uc218 \uc788\ub2e4.
    \uc774 \ub54c\ubb38\uc5d0 \uc2dc\uc7a5 \ucc38\uc5ec\uc790\ub4e4\uc740 \uc2e4\uc81c \uc9c0\uae09\uc774 \uc644\ub8cc\ub41c \uc774\ud6c4 \ubcc0\ub3d9\ub960\uc744 \ub2e4\uc2dc \uacc4\uc0b0\ud558\ub294 \uacbd\uc6b0\uac00 \ub9ce\ub2e4.
    \ubc18\uba74 \uc8fc\uc2dd\uc2dc\uc7a5\uc740 \ub69c\ub837\ud55c \uc0c1\uc2b9\uc138\ub97c \ubcf4\uc600\ub2e4.
    S&P \uba54\ub974\ubc1c \uc9c0\uc218\ub294 \ud398\uc18c\ud654\u00b7\ub2ec\ub7ec\ud654 \uae30\uc900 \ubaa8\ub450 2.2% \uc0c1\uc2b9\ud588\uace0, \uc77c\ubd80 \uc8fc\uc694 \uc885\ubaa9\uc740 \ucd5c\ub300 5.3%\uae4c\uc9c0 \uc0c1\uc2b9\ud588\ub2e4.
    \ub274\uc695 \uc99d\uc2dc\uc5d0\uc11c\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 ADR\uc774 \ucd5c\ub300 6.2% \uc0c1\uc2b9\ud558\uba70 \ub9c8\uac10\ud588\ub2e4.<\/li>\n\n\n\n
  4. \ud398\uc18c \uc2dc\uc7a5 \ub192\uc740 \uae08\ub9ac\uc640 \ud070 \ubcc0\ub3d9\uc131 \uc9c0\uc18d \ucf5c(\ub2f4\ubcf4) \ub300\ucd9c \uc2dc\uc7a5\uc774 \uc8fc\uc694 \uad00\ucc30 \ub300\uc0c1\uc774 \ub418\uace0 \uc788\ub2e4.
    \ucd5c\uadfc \uac70\ub798\uc5d0\uc11c \ucf5c \uae08\ub9ac\ub294 \uac70\ub798\ub7c9 \uac00\uc911 \ud3c9\uade0 \uc5f0 36% \uc774\uc790\uc728\uc744 \uae30\ub85d\ud588\ub2e4.
    \uac19\uc740 \ud750\ub984\uc5d0\uc11c \ub808\uce85(LECAP)\uacfc \ubcf8\uce85(BONCAP) \uae08\ub9ac\ub294 \uc804 \uad6c\uac04 \ud3c9\uade0 \uc57d \uc5f0 34.05% \uc218\uc900\uc5d0\uc11c \ub9c8\uac10\ub418\uc5c8\ub2e4.
    \uc2dc\uc7a5\uc758 \uc804\ub9dd\uc740 \ub2e4\uc74c \uc8fc\ubd80\ud130 \uc810\uc9c4\uc801\uc778 \uc815\uc0c1\ud654\uac00 \uc2dc\uc791\ub420 \uac83\uc73c\ub85c \ubcf4\uace0 \uc788\ub2e4.
    12\uc6d4\uc5d0 \uc99d\uac00\ud558\ub294 \uacbd\ud5a5\uc774 \uc788\ub294 \uacc4\uc808\uc801 \ud398\uc18c \uc218\uc694\ub294 1\uc6d4 \ud558\uc21c\uacfc 2\uc6d4\uc5d0 \uc811\uc5b4\ub4e4\uba70 \uac10\uc18c\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.
    \uadf8\ub7fc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 2026\ub144 \uc778\ud50c\ub808\uc774\uc158\uc774 \uc57d 20%\ub85c \uc608\uc0c1\ub418\ub294 \uc0c1\ud669\uc5d0\uc11c,
    \ud398\uc18c \uc790\uc0b0\uc758 \uc218\uc775\ub960\uc740 \uc2e4\uc9c8 \uae30\uc900\uc73c\ub85c \uc5ec\uc804\ud788 \ub9e4\uc6b0 \ub192\uc740 \uc218\uc900\uc774\ub2e4.
    \uc774\ub7ec\ud55c \ud658\uacbd\uc5d0\uc11c \uacbd\uc81c\ud300\uc758 \ud575\uc2ec \uacfc\uc81c\ub294
    \ud398\uc18c\ud654 \ubc0f \ub2ec\ub7ec\ud654 \ubd80\ucc44 \ubaa8\ub450\uc5d0\uc11c \ud3c9\uade0 \ub9cc\uae30\ub97c \uc5f0\uc7a5\ud558\ub294 \uac83\uc774\uba70, \uc815\uce58\uc801\uc73c\ub85c \ud070 \ubcc0\uc218 \uc5c6\uc774 \uc9c4\ud589\ub420 \uac83\uc73c\ub85c \ubcf4\uc774\ub294 2026\ub144\uc744 \ud65c\uc6a9\ud558\ub294 \ub370 \uc788\ub2e4.<\/li>\n\n\n\n
  5. 2026\ub144 \uc778\ud50c\ub808\uc774\uc158: \uacf5\uc2dd \ubaa9\ud45c\uc5d0\uc11c \uba40\uc5b4\uc9c0\ub294 \uc804\ub9dd
    \uc815\ubd80\ub294 \uc758\ud68c\uc5d0\uc11c \uc2b9\uc778\ub41c \uc608\uc0b0\uc548\uc5d0 \ub530\ub77c 2026\ub144 \uc778\ud50c\ub808\uc774\uc158\uc774 \uc5f0\ub9d0\uc5d0 10.1%\ub85c \ub9c8\uac10\ud558\ub294 \uac83\uc744 \ubaa9\ud45c\ub85c \uc124\uc815\ud588\ub2e4.
    \uadf8\ub7ec\ub098 \ubbfc\uac04 \ubd80\ubb38\uc758 \uc804\ub9dd\uce58\ub294 \uc774 \uae30\uc900\uc744 \ud06c\uac8c \uc0c1\ud68c\ud558\uace0 \uc788\uc73c\uba70, \uacf5\uc2dd \ubaa9\ud45c \ub300\ube44 \uc720\uc758\ubbf8\ud55c \uad34\ub9ac\uac00 \uc874\uc7ac\ud568\uc744 \ubcf4\uc5ec\uc900\ub2e4.
    \uc911\uc559\uc740\ud589\uc774 40\uac1c \uc774\uc0c1\uc758 \uc740\ud589\uacfc \ucee8\uc124\ud305 \uae30\uad00\uc758 \ucd94\uc815\uce58\ub97c \ubc14\ud0d5\uc73c\ub85c \uc791\uc131\ud55c \ucd5c\uadfc \uc2dc\uc7a5\uae30\ub300\uc870\uc0ac(REM)\uc5d0 \ub530\ub974\uba74, \ubd84\uc11d\uac00\ub4e4\uc740 \uc5f0\ucd08 \uba87 \uac1c\uc6d4 \ub3d9\uc548 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc774 \ub454\ud654\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ud558\uace0 \uc788\ub2e4. \ub2e4\ub9cc \uc774\ub7ec\ud55c \ub454\ud654\ub294 \ud589\uc815\ubd80\uac00 \uc124\uc815\ud55c \ubaa9\ud45c\uc5d0 \uc218\ub834\ud558\uae30\uc5d0\ub294 \ucda9\ubd84\ud558\uc9c0 \uc54a\ub2e4\uace0 \ud3c9\uac00\ub41c\ub2e4.
    \uc62c\ud574 \uccab REM \ubcf4\uace0\uc11c\uc5d0\uc11c 2025\ub144 12\uc6d4 \uc6d4\uac04 \uc778\ud50c\ub808\uc774\uc158\uc740 2.3%\ub85c \uc804\ub9dd\ub418\uc5c8\ub2e4. \uc774\ud6c4 \uc804\ub9dd\uce58\ub294 \ud558\ub77d \uacbd\ub85c\ub97c \ubcf4\uc774\uba70 6\uc6d4\uae4c\uc9c0 \uc774\uc5b4\uc9c8 \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\uace0, 6\uc6d4 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(IPC)\ub294 1.5% \uc0c1\uc2b9\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.
    \uc774\ub7ec\ud55c \uc644\ud654\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, \uc5f0\uac04 \uae30\uc900(\uc804\ub144 \ub300\ube44)\uc73c\ub85c \ubcf4\uba74 \uc2dc\uc7a5 \uc608\uc0c1\uce58\ub294 2026\ub144 \ub204\uc801 \uc778\ud50c\ub808\uc774\uc158\uc774 20.1%\uc5d0 \ub2ec\ud560 \uac83\uc73c\ub85c \ucd94\uc815\ud558\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc774\ub978\ubc14 \u2018\ud3ec\uad04 \ubc95\ub960\uc548(ley de leyes)\u2019\uc5d0 \ud3ec\ud568\ub41c \uc815\ubd80 \uacf5\uc2dd \uc804\ub9dd\uc758 \uac70\uc758 \ub450 \ubc30\uc5d0 \ud574\ub2f9\ud55c\ub2e4.<\/li>\n\n\n\n
  6. \uc0b0\uc5c5 \uc0dd\uc0b0 11\uc6d4 \uc7ac\ucc28 \ud558\ub77d, \uc57d 1\ub144 \ubc18 \ub9cc\uc758 \ucd5c\uc800\uce58
    \uc0b0\uc5c5 \ubd80\ubb38\uc740 11\uc6d4\uc5d0 \ub2e4\uc2dc \ud558\ub77d\ud558\uba70 \uac70\uc758 1\ub144 \ubc18 \ub9cc\uc758 \ucd5c\uc800 \uc218\uc900\uc5d0 \ub3c4\ub2ec\ud588\ub2e4.
    11\uc6d4 \uc0b0\uc5c5 \ud65c\ub3d9\uc740 \uc138 \ub2ec \uc5f0\uc18d \uc6d4\uac04 \uae30\uc900 \ud558\ub77d\uc744 \uae30\ub85d\ud588\uace0, \uc774\ub85c \uc778\ud574 \uc0dd\uc0b0 \uc218\uc900\uc740 \uc57d 1\ub144 \ubc18 \ub9cc\uc758 \ucd5c\uc800\uce58\ub85c \ub5a8\uc5b4\uc84c\ub2e4. \uc804\ub144 \ub300\ube44 \ube44\uad50\uc5d0\uc11c\ub3c4 \ud558\ub77d\ud3ed\uc740 \uc0c1\ub2f9\ud588\uc73c\uba70, \uc218\uc785 \uc99d\uac00\uc5d0 \ub178\ucd9c\ub41c \ubd80\ubb38\uc5d0\uc11c \uadf8 \uc601\ud5a5\uc774 \ub354\uc6b1 \ub450\ub4dc\ub7ec\uc84c\ub2e4.
    \uad6d\uac00\ud1b5\uacc4\uccad(INDEC)\uc5d0 \ub530\ub974\uba74, \uc0b0\uc5c5\uc0dd\uc0b0\uc9c0\uc218(IPI)\ub294 10\uc6d4 \ub300\ube44 0.6% \ud558\ub77d\ud588\ub2e4. \uc774\ub85c\uc368 \uacc4\uc808\uc870\uc815 \uae30\uc900 \uc9c0\uc218\ub294 2024\ub144 7\uc6d4 \uc774\ud6c4 \ucd5c\uc545\uc758 \uc131\uacfc\ub97c \uae30\ub85d\ud588\ub2e4.
    \uc804\ub144 \ub300\ube44 \uae30\uc900\uc73c\ub85c\ub294 2024\ub144 11\uc6d4 \ub300\ube44 8.7% \uac10\uc18c\ud588\uc73c\uba70, \uc774\ub294 2023\ub144 \uc911\ubc18 \uc774\ud6c4 \uac00\uc7a5 \ud070 \ub099\ud3ed\uc774\ub2e4.
    \uc774 \uc218\uce58\ub294 \ud558\ube44\uc5d0\ub974 \ubc00\ub808\uc774 \ub300\ud1b5\ub839 \uc9d1\uad8c \uccab\ud574 \ub9d0\uc774\ub77c\ub294 \uc810\uc5d0\uc11c \ub354\uc6b1 \uc8fc\ubaa9\ub41c\ub2e4. \uc911\uac04 \uc120\uac70 \uc774\ud6c4 \uae30\uac04\uc740 \uae08\uc735 \ubd88\ud655\uc2e4\uc131\uc774 \uc644\ud654\ub418\uc5c8\uace0, \uc774\ub294 \ud22c\uc790\uc640 \uc18c\ube44 \uacb0\uc815\uc744 \ucd09\uc9c4\ud560 \uc218 \uc788\ub294 \uc694\uc778\uc774\uc5c8\uae30 \ub54c\ubb38\uc774\ub2e4.
    \ud604 \uc815\ubd80 \ucd9c\ubc94 \uc774\ud6c4, \uc11d\uc720 \uc815\uc81c \uc0b0\uc5c5\uacfc \uc2dd\ud488 \uc0b0\uc5c5\ub9cc\uc774 \uc0dd\uc0b0 \uc218\uc900 \uc99d\uac00\uc5d0 \uc131\uacf5\ud588\ub2e4. \ub2e4\ub9cc \uc2dd\ud488 \uc0b0\uc5c5 \uc5ed\uc2dc 2025\ub144 \ub204\uc801\uc73c\ub85c \uc57d 2% \uac10\uc18c\ub97c \uae30\ub85d\ud558\uace0 \uc788\uc73c\uba70, \uc774\ub294 12\uc6d4 \uc218\uce58 \ubc1c\ud45c\ub97c \uc55e\ub454 \uc0c1\ud0dc\ub2e4.<\/li>\n\n\n\n
  7. \uac74\uc124\uc5c5, 11\uc6d4 4.1% \uac10\uc18c
    \uac74\uc124 \ud65c\ub3d9\uc740 11\uc6d4\uc5d0 \uacc4\uc808\uc870\uc815 \uae30\uc900 4.1% \uac10\uc18c\ud588\uc73c\uba70, \uc774\ub294 1\ub144 \uc774\uc0c1 \ub9cc\uc5d0 \ucd5c\uc545\uc758 \uc2e4\uc801\uc774\ub2e4. \uc774 \uc218\uce58\ub294 \uad6d\uac00\ud1b5\uacc4\uccad(INDEC)\uc758 \uac74\uc124\ud65c\ub3d9\uc885\ud569\uc9c0\ud45c(ISAC)\uc5d0 \ub530\ub978 \uac83\uc774\ub2e4.
    \uc774\ubc88 \ud558\ub77d\uc740 10\uc6d4\uc5d0 \uad00\uce21\ub41c \ubd80\uc815\uc801 \ucd94\uc138\ub97c \ub354\uc6b1 \uc2ec\ud654\uc2dc\ucf30\ub2e4. \uc774\ub294 2024\ub144 10\uc6d4 \uc774\ud6c4 \uac00\uc7a5 \ud070 \ud558\ub77d\ud3ed\uc73c\ub85c, \ub2f9\uc2dc \uac10\uc18c\uc728\uc740 5.1%\uc600\ub2e4.
    \uc804\ub144 \ub300\ube44 \uae30\uc900\uc5d0\uc11c\ub3c4 \uac74\uc124 \ubd80\ubb38\uc740 4.7% \uac10\uc18c\ud558\uba70 \ud6c4\ud1f4 \ud750\ub984\uc744 \ubcf4\uc600\ub2e4. \ub2e4\ub9cc 2025\ub144 \ub204\uc801 \uae30\uc900\uc73c\ub85c\ub294 \uc544\uc9c1 6.6% \uc131\uc7a5\uc744 \uc720\uc9c0\ud558\uace0 \uc788\uc73c\uba70, \uc5ed\uc2dc 12\uc6d4 \ub370\uc774\ud130 \ubc1c\ud45c\ub97c \uae30\ub2e4\ub9ac\uace0 \uc788\ub294 \uc0c1\ud669\uc774\ub2e4.
    \ud65c\ub3d9 \uac10\uc18c\uc640\ub294 \ub300\uc870\uc801\uc73c\ub85c \uc77c\ubd80 \uc9c0\ud45c\uc5d0\uc11c\ub294 \ud63c\uc870 \uc2e0\ud638\uac00 \ub098\ud0c0\ub0ac\ub2e4.
    \uac74\uc124 \ubd80\ubb38 \uace0\uc6a9\uc740 \uc804\ub144 \ub300\ube44 3.5% \uc99d\uac00\ud588\uace0
    \uac74\ucd95 \ud5c8\uac00\ub97c \ubc1b\uc740 \uba74\uc801\uc740 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 4.1% \uc99d\uac00\ud588\ub2e4.<\/li>\n\n\n\n
  8. \uc911\uc559\uc740\ud589(BCRA), \ud398\uc18c\ud654 \ucc44\ubb34\uc5d0 \ub300\ud55c \uc0c8\ub85c\uc6b4 \uc5f0\uccb4\uc774\uc790\uc728 \ub3c4\uc785
    \uc911\uc559\uc740\ud589(BCRA)\uc740 \ud398\uc18c\ud654 \ucc44\ubb34\uc5d0 \uc801\uc6a9\ub420 \uc5f0\uccb4\uc774\uc790\uc728\uacfc \uad00\ub828\ud574 \u2018\uc5f0\uccb4\uc774\uc790\uc728(TIM, Tasa de Intereses Moratorios)\u2019\uc774\ub77c\ub294 \uc0c8\ub85c\uc6b4 \ud1b5\uacc4 \uacc4\uc0b0\uae30\uc758 \uacf5\ud45c\ub97c \uc2b9\uc778\ud588\ub2e4.
    \uc774 \uc9c0\ud45c\ub294 \ubc95\uc6d0\uc774 \ud398\uc18c\ud654 \ucc44\ubb34\uc5d0 \uc801\uc6a9\ud560 \uc774\uc790\ub97c \uc0b0\uc815\ud560 \ub54c \ucc38\uace0 \uae30\uc900\uc73c\ub85c \uc0ac\uc6a9\ub418\uba70, \uc81c\ub3c4\uc758 \ubaa9\uc801\uc740 \ubc95\uc801 \uc548\uc815\uc131 \uac15\ud654, \uc608\uce21 \uac00\ub2a5\uc131 \uc81c\uace0, \uadf8\ub9ac\uace0 \uacbd\uc81c \uad00\uacc4\uc5d0\uc11c\uc758 \ud569\ub9ac\uc131\uacfc \ud615\ud3c9\uc131 \ud655\ubcf4\uc5d0 \uc788\ub2e4.
    \uc774\uc640 \ud568\uaed8 \uc911\uc559\uc740\ud589\uc740 \uc6f9\uc0ac\uc774\ud2b8\uc758 \u2018\uc11c\ube44\uc2a4 \ubc0f \uc808\ucc28\u2019 \uc139\uc158\uc5d0 TIM \uacc4\uc0b0\uae30\ub97c \uc774\ubbf8 \uac1c\uc124\ud588\ub2e4. \uc774 \uacc4\uc0b0\uae30\ub294 \ucd08\uae30 \uc6d0\uae08\uacfc \ud2b9\uc815 \uae30\uac04\uc744 \uc785\ub825\ud558\uba74 \uc774\uc790\uc640 \ucd1d \ucc44\ubb34\uc561\uc744 \ucd94\uc815\ud560 \uc218 \uc788\ub3c4\ub85d \uc124\uacc4\ub418\uc5b4 \uc788\ub2e4.
    TIM\uc740 \ub2e4\uc74c\uc758 \ud3c9\uade0\uac12\uc73c\ub85c \uacc4\uc0b0\ub41c\ub2e4.
    \uc218\ub3d9\uae08\ub9ac: 30\uc77c \ub9cc\uae30 \ud398\uc18c \uc815\uae30\uc608\uae08 \uae08\ub9ac
    \ub2a5\ub3d9\uae08\ub9ac: \ub2e8\ub3c5 \uc11c\uba85 \ubb38\uc11c \uae30\ubc18 \ud398\uc18c \ub300\ucd9c\uacfc \uac1c\uc778\ub300\ucd9c\uc758 \uac00\uc911\ud3c9\uade0 \uae08\ub9ac
    \ub610\ud55c \uc81c\ub3c4\ub294 \uc77c\uc77c \uc2e4\ud6a8\uae08\ub9ac\uc5d0 \uc0c1\u00b7\ud558\ud55c\uc744 \uc124\uc815\ud558\uace0 \uc788\ub2e4.
    \uc0c1\ud55c: CER(\ubb3c\uac00\uc9c0\uc218 \uc5f0\ub3d9 \uacc4\uc218)\uc758 \uc77c\uc77c \ubcc0\ub3d9\ub960 + \uc5f0 3% \uc2e4\ud6a8\uae08\ub9ac \ucd08\uacfc \ubd88\uac00
    \ud558\ud55c: CER \u2013 \uc5f0 3% \uc2e4\ud6a8\uae08\ub9ac \ubbf8\ub9cc\uc73c\ub85c \uc124\uc815 \ubd88\uac00<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":11073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-11072","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\/11072","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=11072"}],"version-history":[{"count":0,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/11073"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}