{"id":11249,"date":"2026-01-27T15:48:30","date_gmt":"2026-01-27T18:48:30","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=11249"},"modified":"2026-01-27T15:48:32","modified_gmt":"2026-01-27T18:48:32","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c01%ec%9b%94-27%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=11249","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(01\uc6d4 27\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. \ucc44\uad8c \uc0c1\uc2b9, \uad6d\uac00\uc704\ud5d8\uc9c0\uc218 8\ub144 \ub9cc\uc5d0 \ucd5c\uc800
    \uad6d\ucc44\ub294 \ubaa8\ub4e0 \uc885\ub958\uac00 \uc0c1\uc2b9\ud558\ub294 \uc804\ubc18\uc801\uc73c\ub85c \ub9e4\uc6b0 \uae0d\uc815\uc801\uc778 \uc7a5\uc138\ub85c \uac70\ub798\ub97c \ub9c8\uac10\ud588\uc73c\uba70, \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\ub294 513\ud3ec\uc778\ud2b8\ub85c \ud558\ub77d\ud574 8\ub144 \ub9cc\uc758 \ucd5c\uc800\uce58\ub97c \uae30\ub85d\ud588\ub2e4.
    \ub2e8\uae30 \uad6c\uac04\uc774 \uc0c1\uc2b9\uc744 \uc8fc\ub3c4\ud588\ub294\ub370,\uae00\ub85c\ubc8c \ubc0f \ubcf4\ub098\ub808\uc2a4 2029\ub144\u00b72030\ub144 \ub9cc\uae30 \ucc44\uad8c\uc774 2.5%\uc5d0\uc11c 4.6% \uc0ac\uc774\uc758 \uc0c1\uc2b9\ub960\uc744 \ubcf4\uc600\ub2e4.
    \ub0b4\ubd80\uc218\uc775\ub960\uc740 \uacc4\uc18d\ud574\uc11c \ud558\ub77d\ud588\uace0, \uc774\ubbf8 \uc678\uad6d\ubc95 \uc801\uc6a9 \ucc44\uad8c\uc740 6.51%~9.3%, \uad6d\ub0b4\ubc95 \uc801\uc6a9 \ucc44\uad8c\uc740 \ud3c9\uade0 8.3% \uc218\uc900\uc5d0 \uc704\uce58\ud574 \uc788\ub2e4.
    \uc8fc\uc2dd\uc2dc\uc7a5\uc5d0\uc11c\ub294 \ub2ec\ub7ec \uae30\uc900 S&P \uba54\ub974\ubc1c \uc9c0\uc218\uac00 1.2% \uc0c1\uc2b9\ud588\uc73c\uba70, \uc8fc\uc694 \uc8fc\uc2dd\uc5d0\uc11c\ub294 \ucd5c\ub300 6.5%\uc758 \uc0c1\uc2b9\uc774 \ub098\ud0c0\ub0ac\ub2e4. \ud55c\ud3b8, \uc6d4\uc2a4\ud2b8\ub9ac\ud2b8\uc5d0 \uc0c1\uc7a5\ub41c \uc544\ub974\ud5e8\ud2f0\ub098 ADR\uc740 \ucd5c\ub300 5%\uae4c\uc9c0 \uc62c\ub790\ub2e4.<\/li>\n\n\n\n
  2. \uc911\uc559\uc740\ud589(BCRA), \uc678\ud658 \ub9e4\uc785 10\uc5b5 \ub2ec\ub7ec \ub3cc\ud30c
    \uc911\uc559\uc740\ud589\uc740 \uacf5\uc2dd \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c \ub2e4\uc2dc \ud55c \ubc88 \uc21c\ub9e4\uc218\ub85c \uac1c\uc785\ud588\uc73c\uba70, \uc774\ub0a0 \ucd94\uac00\ub85c 3,900\ub9cc \ub2ec\ub7ec\ub97c \ub9e4\uc785\ud588\ub2e4. \uc774\ub85c\uc368 1\uc6d4 \ub204\uc801 \ub9e4\uc785\uc561\uc740 10\uc5b5 \ub2ec\ub7ec\ub97c \ucd08\uacfc\ud588\ub2e4.
    \ub3d9\uc2dc\uc5d0 \uad6d\uc81c \ucd1d\uc678\ud658\ubcf4\uc720\uc561\uc740 2021\ub144 \uc774\ud6c4 \uc0c8\ub85c\uc6b4 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\ub294\ub370, \uc774\ub294 \uc21c\uc678\ud658 \ub9e4\uc785\ubfd0 \uc544\ub2c8\ub77c \ub300\uc678 \uc790\uc0b0 \uc7ac\ud3c9\uac00 \ud6a8\uacfc\uc5d0 \ud798\uc785\uc740 \uac83\uc774\ub2e4.
    \uacf5\uc2dd \uc790\ub8cc\uc5d0 \ub530\ub974\uba74, \uc678\ud658\ubcf4\uc720\uc561\uc740 \ud558\ub8e8 \ub3d9\uc548 1\uc5b57,600\ub9cc \ub2ec\ub7ec \uc99d\uac00\ud574 457\uc5b5 4\ucc9c\ub9cc \ub2ec\ub7ec\ub85c \ub9c8\uac10\ud588\uc73c\uba70, \uc774\ub294 2021\ub144 9\uc6d4 \uc774\ud6c4 \ucd5c\uace0 \uc218\uc900\uc774\ub2e4.
    \uc774\ubc88 \uc0c1\uc2b9\uc758 \uc911\uc694\ud55c \uc694\uc778 \uc911 \ud558\ub098\ub294 \uad6d\uc81c\uc2dc\uc7a5\uc5d0\uc11c \uae08 \uac00\uaca9\uc774 \ub2e4\uc2dc \uc0c1\uc2b9\ud55c \uc810\uc73c\ub85c, \uae08\uc740 \ud1b5\ud654\ub2f9\uad6d\uc758 \ub300\ucc28\ub300\uc870\ud45c\uc5d0\uc11c \uc0c1\ub2f9\ud55c \ube44\uc911\uc744 \ucc28\uc9c0\ud558\ub294 \uc790\uc0b0\uc774\ub2e4.
    \uc774 \uac19\uc740 \ud750\ub984 \uc18d\uc5d0\uc11c \uc2dc\uc7a5\uc740 \ud5a5\ud6c4 \uba87 \uc8fc\uac04 \uc911\uc559\uc740\ud589\uc774 \uc678\ud654 \ub9e4\uc785 \uc18d\ub3c4\ub97c \uc720\uc9c0\ud560 \uc218 \uc788\uc744\uc9c0\ub97c \uba74\ubc00\ud788 \uc8fc\uc2dc\ud558\uace0 \uc788\uc73c\uba70, \ud658\uc728 \uc548\uc815\uc131\uacfc \uc678\ud658\ubcf4\uc720\uc561\uc758 \ucd94\uc774\ub294 \uacc4\uc18d\ud574\uc11c \uae08\uc735\uc2dc\uc7a5 \uae30\ub300\uc758 \ud575\uc2ec \ubcc0\uc218\ub85c \ub0a8\uc544 \uc788\ub2e4.
    Perfil \uc9c0\uc5d0 \uc2e4\ub9b0 \ubd84\uc11d\uc5d0 \ub2e4\uc74c\uacfc \uac19\uc774 \ubcf4\ub3c4\ud588\ub2e4.
    \u201c\uc704\ud5d8 \uc778\uc2dd\uc758 \uac1c\uc120\uc740 \ud1b5\ud654\ub2f9\uad6d\uc774 1\uc6d4 \ub4e4\uc5b4 \uac70\uc758 10\uc5b5 \ub2ec\ub7ec\uc5d0 \ub2ec\ud558\ub294 \uc678\ud654\ub97c \ub9e4\uc785\ud558\uace0 \uc788\ub294 \uac00\uc6b4\ub370 \ub098\ud0c0\ub098\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc2dc\uc7a5\uc774 \uc9c0\uae09\ub2a5\ub825\uacfc \uc0c1\ud658\ub2a5\ub825 \uce21\uba74\uc5d0\uc11c \uae0d\uc815\uc801\uc778 \uc2e0\ud638\ub85c \ud574\uc11d\ud558\uace0 \uc788\ub2e4.\u201d<\/li>\n\n\n\n
  3. \uc7ac\ubb34\uccad, \ud398\uc18c\ud654 \ubd80\ucc44 \uc804\ubc18\uc744 \ub9dd\ub77c\ud55c \uad6c\uc131\uc73c\ub85c 9\uc8704\ucc9c\uc5b5 \ud398\uc18c \ucc28\ud658 \uacc4\ud68d
    \uc7ac\ubb34\uccad\uc740 \uae08\uc735 \uc804\uc120\uc5d0\uc11c \ud575\uc2ec\uc801\uc778 \uc785\ucc30\uc5d0 \ub300\uc751\ud558\uae30 \uc704\ud55c \uc804\ub7b5\uc744 \ud655\uc815\ud588\ub2e4. \ub0b4\uc77c \uc57d 9\uc8704\ucc9c\uc5b5 \ud398\uc18c \uaddc\ubaa8\uc758 \ub9cc\uae30\ub97c \ucc28\ud658\ud558\ub294 \ub370 \ub098\uc124 \uc608\uc815\uc774\uba70, \uc774 \uc911 \ub300\ubd80\ubd84\uc740 \ubbfc\uac04 \ud22c\uc790\uc790\uac00 \ubcf4\uc720\ud55c \ubb3c\ub7c9\uc774\ub2e4. \uc774\ub294 \uc720\ub3d9\uc131 \uc218\uc694\uac00 \ub9e4\uc6b0 \ud070 \ub2ec\uc5d0 \uc9d1\uc911\ub41c \ub9cc\uae30\ub2e4.
    \ub192\uc740 \ub864\uc624\ubc84(\ucc28\ud658) \uc218\uc900\uc744 \uc720\uc9c0\ud558\ub294 \ub370 \ucd08\uc810\uc744 \ub9de\ucdb0, \uc7ac\ubb34\uccad\uc740 \ub2e4\uc591\ud55c \uae08\uc735\uc0c1\ud488 \ubc14\uc2a4\ucf13\uc744 \uc81c\uc2dc\ud560 \uc608\uc815\uc774\ub2e4. \ud574\ub2f9 \ubc14\uc2a4\ucf13\uc740 \uace0\uc815\uae08\ub9ac \ucc44\uad8c,
    \ubb3c\uac00\uc5f0\ub3d9(CER) \ucc44\uad8c, TAMAR (\uace0\uc561 \uc608\uae08) \uae08\ub9ac \uc5f0\ub3d9 \ucc44\uad8c, \uacf5\uc2dd \ud658\uc728 \uc5f0\ub3d9 \ucc44\uad8c\uc744 \uacb0\ud569\ud55c \uad6c\uc870\ub2e4.
    \uc774 \ubc29\uc2dd\uc740 \ucd5c\uadfc \uc785\ucc30\uc5d0\uc11c \uc0ac\uc6a9\ub41c \ud3ec\ub9f7\uc744 \uadf8\ub300\ub85c \ubc18\ubcf5\ud55c \uac83\uc73c\ub85c, \uc2dc\uc7a5\uc774 \uc694\uad6c\ud558\ub294 \ub2e4\uc591\ud55c \ud5e4\uc9c0(\uc704\ud5d8 \ud68c\ud53c) \uc218\uc694\uc5d0 \ub9de\ucd94\ub824\ub294 \ubaa9\uc801\uc774\ub2e4.
    \uace0\uc815\uae08\ub9ac \uc0c1\ud488\uc73c\ub85c\ub294 LECAP\uacfc BONCAP\uc774 \ud3ec\ud568\ub418\uba70, \ub9cc\uae30\ub294 2026\ub144 3\uc6d4\ubd80\ud130 2027\ub144 1\uc6d4\uae4c\uc9c0\ub85c \uc124\uc815\ub41c\ub2e4.
    \ubb3c\uac00\uc5f0\ub3d9 \uad6c\uac04\uc5d0\uc11c\ub294 LECER\uc640 BONCER\uac00 \uc81c\uacf5\ub418\uba70, 2028\ub144 6\uc6d4\uae4c\uc9c0 \ub9cc\uae30\uac00 \uc774\uc5b4\uc9c4\ub2e4.
    \ub610\ud55c TAMAR \uae08\ub9ac \uc5f0\ub3d9 \ucc44\uad8c(\ub9cc\uae30 2026\ub144 8\uc6d4)\uacfc, \ub2ec\ub7ec \uc5f0\ub3d9 \ucc44\uad8c(\ub9cc\uae30 2026\ub144 4\uc6d4)\ub3c4 \ud568\uaed8 \uc81c\uc2dc\ub41c\ub2e4.
    \ub2e8\uae30\uc801\uc778 \ud658\uacbd\uc740 \uc5ec\uc804\ud788 \ub3c4\uc804\uc801\uc774\ub2e4. 1\uc6d4 \ub3d9\uc548 \uacbd\uc81c\ubd80\ub294 \ub2ec\ub7ec \uc5f0\ub3d9 \ucc44\uad8c\uc744 \uc57d 6\uc870 \ud398\uc18c \uaddc\ubaa8\ub85c \uad50\ud658\ud558\ub294 \ub370 \uc131\uacf5\ud588\uc9c0\ub9cc, \uc774 \uac00\uc6b4\ub370 \uc0c1\ub2f9 \ubd80\ubd84\uc758 \ub9cc\uae30\uac00 2\uc6d4\uc5d0 \ub2e4\uc2dc \uc9d1\uc911\ub418\uba74\uc11c \ub2e8\uae30 \uae08\uc735 \uc555\ubc15\uc740 \uc5ec\uc804\ud788 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud558\uace0 \uc788\ub2e4.<\/li>\n\n\n\n
  4. \uacf5\uc2dd \ub2ec\ub7ec \ud658\uc728, \uc18c\ud3ed \ubc18\ub4f1 \ubc34\ub4dc \uc0c1\ub2e8\uacfc\ub294 \ud070 \ucc28\uc774
    \uacf5\uc2dd \ud658\uc728\uc740 \uc8fc \ucd08\ubc18 \uc644\ub9cc\ud55c \uc0c1\uc2b9\uc138\ub97c \ubcf4\uc774\uba70 11\uac70\ub798\uc77c \ub9cc\uc5d0 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\uc9c0\ub9cc, \uc5f0\ucd08 \uc774\ud6c4 \uc720\uc9c0\ub418\uc5b4 \uc628 \ud658\uc728 \uc548\uc815 \uc2dc\ub098\ub9ac\uc624\uc5d0\ub294 \ubcc0\ud654\ub97c \uc8fc\uc9c0 \uc54a\uc558\ub2e4.
    \uc0c1\uc2b9\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \ud658\uc728\uc740 \uc5ec\uc804\ud788 \ubcc0\ub3d9\ud658\uc728 \ubc34\ub4dc\uc758 \uc0c1\ub2e8 \uc544\ub798\uc5d0 \uba38\ubb3c\ub7ec \uc788\ub2e4. \ub3c4\ub9e4\uc2dc\uc7a5\uc5d0\uc11c \ub2ec\ub7ec\ub294 4.50\ud398\uc18c \uc0c1\uc2b9\ud574 1,437.50\ud398\uc18c\uc5d0 \ub9c8\uac10\ud588\uc73c\uba70, \uc774\ub294 \uae08\uc694\uc77c\uc5d0 \uae30\ub85d\ub41c 3.50\ud398\uc18c \uc0c1\uc2b9\uc5d0 \uc774\uc740 \uac83\uc774\ub2e4.
    \uc774\ub85c\uc368 3\uac70\ub798\uc77c \uc5f0\uc18d \uc0c1\uc2b9\uc744 \uae30\ub85d\ud588\uc9c0\ub9cc, \uc5ec\uc804\ud788 \ud658\uc728\uc81c\ub3c4\uc0c1 \uc124\uc815\ub41c \uc0c1\ub2e8 \ub300\ube44 \uc57d 8.4% \ub0ae\uc740 \uc218\uc900\uc774\ub2e4.
    \ud55c\ud3b8 \uae08\uc735 \ub2ec\ub7ec\ub4e4\uc740 \uc81c\ud55c\uc801\uc778 \ubcc0\ub3d9\uc131\uc744 \ubcf4\uc600\ub2e4.
    MEP \ud658\uc728\uc740 1,468.93\ud398\uc18c \uc218\uc900\uc5d0\uc11c \uc720\uc9c0\ub418\uc5c8\uace0, CCL \ud658\uc728\uc740 1,516.38\ud398\uc18c\ub85c \ub9c8\uac10\ud588\ub2e4.
    \uc774 \uc218\uce58 \uae30\uc900\uc73c\ub85c \uacf5\uc2dd \ud658\uc728 \ub300\ube44 \uaca9\ucc28\ub294 \uac01\uac01 2.2%\uc640 5.5%\uc5d0 \ubd88\uacfc\ud574, \uc678\ud658\uc2dc\uc7a5\uc774 \uc758\ubbf8 \uc788\ub294 \uae34\uc7a5 \uc5c6\uc774 \uc548\uc815\uc801\uc774\ub77c\ub294 \ud574\uc11d\uc744 \uac15\ud654\ud558\uace0 \uc788\ub2e4.<\/li>\n\n\n\n
  5. IMF, \uc544\ub974\ud5e8\ud2f0\ub098 2026\ub144 \uc131\uc7a5\ub960 4% \uc804\ub9dd
    \uad6d\uc81c\ud1b5\ud654\uae30\uae08(IMF)\uc740 \ucd5c\uc2e0 \uc138\uacc4\uacbd\uc81c\uc804\ub9dd \ubcf4\uace0\uc11c\uc5d0\uc11c \uc544\ub974\ud5e8\ud2f0\ub098 \uacbd\uc81c\uac00 2026\ub144\uc5d0 4% \uc131\uc7a5\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4.
    \uc774 \uc804\ub9dd\uc774 \uc2e4\ud604\ub420 \uacbd\uc6b0, \uc544\ub974\ud5e8\ud2f0\ub098\ub294 \ub77c\ud2f4\uc544\uba54\ub9ac\uce74\uc5d0\uc11c \uac00\uc7a5 \ub192\uc740 \uc131\uc7a5\ub960\uc744 \uae30\ub85d\ud558\ub294 \uad6d\uac00\uac00 \ub41c\ub2e4.
    \ube44\uad50\ud558\uba74, \ube0c\ub77c\uc9c8\uc740 1.6%, \uba55\uc2dc\ucf54\ub294 1.5% \uc131\uc7a5\uc774 \uc608\uc0c1\ub41c\ub2e4.
    \uc774 \uac19\uc740 \uc804\ub9dd\uc740 2024\ub144 \uacbd\uae30\uce68\uccb4 \uc774\ud6c4 \uc2dc\uc791\ub41c \ud68c\ubcf5 \ud750\ub984\uc5d0 \uae30\ubc18\ud55c \uac83\uc774\ub2e4. 2024\ub144\uc740 \uacbd\uc81c\ud65c\ub3d9\uc774 1.3% \uac10\uc18c\ud558\uba70 \ub9c8\uac10\ub410\ub2e4.
    IMF\ub294 2025\ub144 \uc131\uc7a5\ub960\uc744 4.5%\ub85c \ucd94\uc815\ud558\uace0 \uc788\uc73c\uba70, \uc774\ub294 \ud604\uc7ac \uc9c4\ud589 \uc911\uc778 \ud68c\ubcf5 \uad6d\uba74\uacfc \uc77c\uce58\ud558\ub294 \uc218\uce58\ub2e4.
    \ub610 \ucd5c\uc2e0 \uacf5\uc2dd \ud1b5\uacc4\uc640\ub3c4 \uc77c\uce58\ud55c\ub2e4.
    \uad6d\ub9bd\ud1b5\uacc4\uccad(INDEC)\uc5d0 \ub530\ub974\uba74, 11\uc6d4\uae4c\uc9c0 \ub204\uc801 \uae30\uc900\uc73c\ub85c \uacbd\uc81c\ud65c\ub3d9\uc740 \uc804\ub144 \ub300\ube44 4.5% \uc99d\uac00\ud588\uc73c\uba70, \uc774\ub294 \uc5f0\ub9d0\uc758 \uae0d\uc815\uc801\uc778 \ub9c8\ubb34\ub9ac\uc5d0 \ub300\ud55c \uae30\ub300\ub97c \uac15\ud654\ud558\uace0, 2026\ub144 \uc131\uc7a5 \uc804\ub9dd\uc758 \uacac\uace0\uc131\uacfc \uc9c0\uc18d \uac00\ub2a5\uc131\uc744 \ub458\ub7ec\uc2fc \ub17c\uc758\ub97c \ucd09\uc9c4\ud558\uace0 \uc788\ub2e4.<\/li>\n\n\n\n
  6. ARCA, \uc18c\uae30\uc5c5 \ub300\uc0c1 \uc138\uc81c \uc644\ud654 \uc870\uce58 \uc5f0\uc7a5
    \uc138\uc218\u00b7\uad00\uc138 \uad00\ub9ac\uccad(ARCA)\uc740 \uc18c\uae30\uc5c5\uc744 \uc704\ud55c \uc138\uc81c \ud61c\ud0dd \uc5f0\uc7a5\uc744 \uaddc\uc815\ud588\ub2e4. \uc774 \uc81c\ub3c4\ub294 \ub0a9\ubd80\ud574\uc57c \ud560 \uc138\uae08\uc758 \ucd5c\ub300 30%\uae4c\uc9c0\ub97c \uc740\ud589 \uc2e0\uc6a9(\ud06c\ub808\ub527)\uc73c\ub85c \uc0c1\uacc4\ud560 \uc218 \uc788\ub3c4\ub85d \ud5c8\uc6a9\ud558\uba70, SIPA(\uc0ac\ud68c\ubcf4\uc7a5 \ud1b5\ud569\uc2dc\uc2a4\ud15c)\uc5d0 \ub0a9\ubd80\ud558\ub294 \uc0ac\uc6a9\uc790 \ubd80\ub2f4 \uc0ac\ud68c\ubcf4\uc7a5 \uae30\uc5ec\uae08\uc758 \ucd5c\ub300 15%\uae4c\uc9c0 \uc801\uc6a9\ub41c\ub2e4.
    \uc774 \uc870\uce58\ub294 2026\ub144\uc5d0 \ubc1c\uc0dd\ud558\ub294 \uae09\uc5ec\ubd84\uc5d0 \uc801\uc6a9\ub418\uba70, 12\uc6d4 31\uc77c\uae4c\uc9c0 \uc720\ud6a8\ud558\ub2e4. \uc81c\ub3c4\ub97c \uc774\uc6a9\ud558\uae30 \uc704\ud574\uc11c\ub294 \uc18c\uae30\uc5c5\uc774 \ub2e4\uc74c \uc870\uac74\uc744 \ucda9\uc871\ud574\uc57c \ud55c\ub2e4.
    \uc5f0\uac04 \ub9e4\ucd9c \uc0c1\ud55c\uc120\uc744 \uc900\uc218\ud560 \uac83, ARCA\uc5d0 \ucf54\ub4dc 272\ub85c \ub4f1\ub85d\ub418\uc5b4 \uc788\uc744 \uac83, MIPYME(\uc911\uc18c\uae30\uc5c5) \uc778\uc99d\uc11c\ub97c \ubcf4\uc720\ud560 \uac83, \uc0c1\uacc4 \ud55c\ub3c4\ub294 SIPA \uae30\uc5ec\uae08\uc758 15% \ub610\ub294 \uc2e4\uc81c \ub0a9\ubd80\ud55c \uc138\uae08\uc758 30%\ub97c \ucd08\uacfc\ud560 \uc218 \uc5c6\ub2e4.<\/li>\n\n\n\n
  7. \uae00\ub85c\ubc8c \ub2ec\ub7ec, 4\uac1c\uc6d4 \ub9cc\uc758 \ucd5c\uc800\uce58\u2026\uc2dc\uc7a5\uc740 \uc5f0\uc900(Fed)\uc5d0 \uc8fc\ubaa9
    \ubbf8\uad6d \ub2ec\ub7ec\ub294 \ub2e4\uc2dc \uc57d\uc138\ub97c \ubcf4\uc774\uba70 97\ud3ec\uc778\ud2b8 \uc544\ub798\uc5d0\uc11c \ub9c8\uac10, \uc774\ub294 4\uac1c\uc6d4\uc5ec \ub9cc\uc758 \ucd5c\uc800 \uc218\uc900\uc774\uc790 \uac70\uc758 4\ub144 \ub9cc\uc758 \uc800\uc810\uc5d0 \uadfc\uc811\ud55c \uc218\uc900\uc774\ub2e4. \ub3d9\uc2dc\uc5d0 \uae08\uacfc \uc740 \uac00\uaca9\uc740 \uac15\uc138\ub97c \ubcf4\uc600\ub294\ub370, \uc774\ub294 \uc548\uc804\uc790\uc0b0\uc5d0 \ub300\ud55c \uc120\ud638 \ud655\ub300\ub97c \ubc18\uc601\ud55c\ub2e4.
    \ucd5c\uadfc\uc758 \uc6c0\uc9c1\uc784\uc740 \uc9c0\uc815\ud559\uc801 \uac08\ub4f1\uacfc \uc5f0\uad00\ub418\uc5b4 \uc788\ub2e4. \uc2dc\uc7a5\uc740 \ub0b4\uc77c \ubc1c\ud45c\ub420 \ubbf8\uad6d \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed)\uc758 \ud1b5\ud654\uc815\ucc45 \uacb0\uc815\uc5d0 \uc2dc\uc120\uc744 \uc9d1\uc911\ud558\uace0 \uc788\ub2e4. \uc5f0\uc900\uc740 \uae30\uc900\uae08\ub9ac\ub97c \uc778\ud558\ud574 \uc654\uc73c\uba70, 2026\ub144 \ucd94\uac00 \uc778\ud558 \uac00\ub2a5\uc131\ub3c4 \uc5f4\uc5b4\ub454 \uc0c1\ud0dc\ub2e4.
    \ub2e4\ub9cc, \uc5ec\uc804\ud788 \ubaa9\ud45c\uce58\ub97c \uc6c3\ub3c4\ub294 \uc778\ud50c\ub808\uc774\uc158\uc774 \uc874\uc7ac\ud558\uace0 \uc788\uc5b4, \uc774\ubc88 \ud68c\uc758\uc5d0\uc11c\ub294 \uc815\ucc45 \uba54\uc2dc\uc9c0\uc758 \ub258\uc559\uc2a4\uac00 \ud2b9\ud788 \uc911\uc694\ud558\uac8c \ubc1b\uc544\ub4e4\uc5ec\uc9c8 \uc804\ub9dd\uc774\uba70, \uc774\ub294 \ud5a5\ud6c4 \uc2dc\uc7a5 \ubc29\ud5a5\uc744 \uc88c\uc6b0\ud560 \uc218 \uc788\ub2e4.<\/li>\n\n\n\n
  8. \uc5d0\ucf70\ub3c4\ub974, \uc2e0\ud765\uad6d \ucc44\uad8c\uc758 \uae30\uc900\uc744 \uc81c\uc2dc
    \uc5d0\ucf70\ub3c4\ub974\ub294 \ub2ec\ub7ec \ud45c\uc2dc \uad6d\ucc44\ub97c \uc0c8\ub85c \ubc1c\ud589\ud558\uba70 \uad6d\uc81c \ucc44\uad8c\uc2dc\uc7a5\uc73c\ub85c\uc758 \ubcf5\uadc0\ub97c \ubc1c\ud45c\ud588\ub2e4. \ub9cc\uae30\ub294 8\ub144\uacfc 13\ub144\uc73c\ub85c, \uc774\ubc88 \uac70\ub798\uc5d0\ub294 \ub450 \uac1c\uc758 \uc2e0\uaddc \ucc44\uad8c\uc774 \ud3ec\ud568\ub41c\ub2e4. \ud558\ub098\ub294 2034\ub144 \ub9cc\uae30(22\uc5b5 \ub2ec\ub7ec), \ub2e4\ub978 \ud558\ub098\ub294 2039\ub144 \ub9cc\uae30(18\uc5b5 \ub2ec\ub7ec)\uc774\uba70, \ubc1c\ud589 \uc8fc\uad00\uc0ac\ub294 \uc544\uba54\ub9ac\uce74\uc740\ud589(Bank of America)\uacfc \uc528\ud2f0(Citi)\uc774\ub2e4.
    \uc774\ubc88 \ubc1c\ud589\uc740 \uc5d0\ucf70\ub3c4\ub974\uac00 \uac70\uc758 7\ub144 \ub9cc\uc5d0 \uad6d\uc81c \uae08\uc735\uc2dc\uc7a5\uc5d0 \ub2e4\uc2dc \ubcf5\uadc0\ud558\ub294 \uacc4\uae30\uac00 \ub41c\ub2e4. \uc5d0\ucf70\ub3c4\ub974\uc758 \ub9c8\uc9c0\ub9c9 \ud574\uc678 \ucc44\uad8c \ubc1c\ud589\uc740 2019\ub144\uc774\uc5c8\ub2e4. \uc774 \uc18c\uc2dd\uc740 \uc9c0\uc5ed \ub0b4\uc5d0\uc11c \uc8fc\ubaa9\ud560 \ub9cc\ud55c \uc758\ubbf8\ub97c \uc9c0\ub2cc\ub2e4. \uc5d0\ucf70\ub3c4\ub974\ub294 \uc7ac\uc815 \uad6c\uc870\uc870\uc815\uc774 \ud544\uc694\ud55c \uad6d\uac00\uc774\uae30 \ub54c\ubb38\uc774\ub2e4. \uc544\ub974\ud5e8\ud2f0\ub098\uc640 \uac19\uc740 \uad6d\uac00\ub4e4\uc5d0\uac8c \uc788\uc5b4 \uc5d0\ucf70\ub3c4\ub974\uc758 \uc774\ubc88 \ubc1c\ud589\uc740 \uace0\uc704\ud5d8 \uad6d\ucc44\uc5d0 \ub300\ud574 \uae00\ub85c\ubc8c \ud22c\uc790\uc790\ub4e4\uc774 \uc5b4\ub5a4 \uc2ec\ub9ac\ub97c \ubcf4\uc774\uace0 \uc788\ub294\uc9c0\ub97c \uac00\ub2a0\ud560 \uc218 \uc788\ub294 \uc911\uc694\ud55c \uc2e0\ud638\ub85c \uc791\uc6a9\ud55c\ub2e4.
    \uc774\ub7ec\ud55c \ub9e5\ub77d\uc5d0\uc11c \uc774\ubc88 \ubc1c\ud589\uc740 \uc2e0\ud765\uad6d \ud558\uc774\uc77c\ub4dc(high yield, \ub192\uc740 \uc218\uc775\ub960) \ucc44\uad8c \uc2dc\uc7a5\uc758 \uac00\uaca9 \uae30\uc900 \uc5ed\ud560\uc744 \ud55c\ub2e4. \uc989, \uc2dc\uc7a5\uc774 \uc2e0\uc6a9\ub3c4\uac00 \uc720\uc0ac\ud55c \uc8fc\uad8c\uad6d\uc5d0 \ub300\ud574 \uc5f0 9%\uc5d0 \uac00\uae4c\uc6b4 \uae08\ub9ac\ub85c\ub3c4 \uc790\uae08 \uc870\ub2ec\uc744 \ud5c8\uc6a9\ud560 \uc758\uc9c0\uac00 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

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