{"id":11258,"date":"2026-01-28T17:04:20","date_gmt":"2026-01-28T20:04:20","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=11258"},"modified":"2026-01-28T17:44:03","modified_gmt":"2026-01-28T20:44:03","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c01%ec%9b%94-28%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=11258","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(01\uc6d4 28\uc77c)"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"300\" height=\"168\" src=\"https:\/\/hanin.org.ar\/wp-content\/uploads\/2026\/01\/download-16.jpg\" alt=\"\" class=\"wp-image-11259\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\uad6d\uac00\uc704\ud5d8\uc9c0\uc218 500bp \ub3cc\ud30c, \uc2dc\uc7a5 \ubcf5\uadc0 \uae30\ub300 \ud655\ub300<br>\uc544\ub974\ud5e8\ud2f0\ub098\uc758 \uad6d\uc81c \ucc44\uad8c\uc2dc\uc7a5 \ubcf5\uadc0\uc5d0 \ub300\ud55c \uae30\ub300\uac00 \ucee4\uc9c0\uace0 \uc788\ub2e4. \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\uac00 \uc774\ubc88 \uc8fc \ud654\uc694\uc77c, 8\ub144 \ub9cc\uc5d0 \ucc98\uc74c\uc73c\ub85c 500bp \uc544\ub798\ub85c \ud558\ub77d\ud588\uae30 \ub54c\ubb38\uc774\ub2e4. \uc774\ubc88 \uac1c\uc120\uc740 \uc6d4\uac00\uc5d0\uc11c \uac70\ub798\ub418\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uad6d\ucc44 \uac00\uaca9\uc758 \uac15\ud55c \ubc18\ub4f1\uc5d0 \ud798\uc785\uc740 \uac83\uc774\ub2e4.<br>\ub2ec\ub7ec \ud45c\uc2dc \uad6d\ucc44 \uac00\uaca9 \uc0c1\uc2b9\uc740 \ud658\uc728 \uac04\uc758 \uaca9\ucc28 \ucd95\uc18c\ub97c \uac00\uc838\uc654\uace0, \uc774\ub294 JP\ubaa8\uac74\uc774 \uc0b0\ucd9c\ud558\ub294 \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\uc758 \ucd94\uac00 \ud558\ub77d\uc73c\ub85c \uc774\uc5b4\uc84c\ub2e4. \ud574\ub2f9 \uc9c0\uc218\ub294 3.7% \ud558\ub77d\ud55c 494bp\ub97c \uae30\ub85d\ud558\uba70 500\uc120 \uc544\ub798\ub85c \ub0b4\ub824\uc654\uace0, \uc774\ub294 2018\ub144 6\uc6d4 11\uc77c(487bp) \uc774\ud6c4 \uac00\uc7a5 \ub0ae\uc740 \uc218\uc900\uc774\ub2e4.<br>\ub274\uc695 \uc2dc\uc7a5\uc5d0\uc11c \uc544\ub974\ud5e8\ud2f0\ub098 \uad6d\ucc44\ub294 \ud070 \ud3ed\uc758 \uc0c1\uc2b9\uc138\ub97c \ubcf4\uc600\ub2e4. \ud604\uc9c0 \ubc95\ub960\uc774 \uc801\uc6a9\ub418\ub294 \ubcf4\ub098\ub974(Bonar) \ucc44\uad8c\uc740 \ud558\ub8e8 \ub9cc\uc5d0 3% \uc774\uc0c1 \uc0c1\uc2b9\ud588\uc73c\uba70, \ub274\uc695 \ubc95\ub960\uc774 \uc801\uc6a9\ub418\ub294 \uae00\ub85c\ubc8c(Globales) \ucc44\uad8c\uc740 \ucd5c\ub300 1%\uae4c\uc9c0 \uc62c\ub790\ub2e4.<br>\ud2b9\ud788 \ubcf4\ub098\ub974 2041\uc740 3.3% \uae09\ub4f1\ud588\uace0, \ubcf4\ub098\ub974 2038\uc740 1.9% \uc0c1\uc2b9, \uae00\ub85c\ubc8c 2041\uc740 1.2% \uc62c\ub790\ub2e4.<br>\uad6d\uac00\uc704\ud5d8\uc9c0\uc218 \uac1c\uc120\uc758 \uc8fc\uc694 \ubc30\uacbd\uc73c\ub85c\ub294 \uc911\uc559\uc740\ud589(BCRA)\uc758 \uc678\ud658\ubcf4\uc720\uc561 \uc99d\uac00\uac00 \uaf3d\ud78c\ub2e4. \uc774\ub0a0 \uc911\uc559\uc740\ud589\uc740 3,200\ub9cc \ub2ec\ub7ec\ub97c \ub9e4\uc785\ud574, \uc62c\ud574 \ub204\uc801 \ub9e4\uc785\uc561\uc744 10\uc5b5 4,900\ub9cc \ub2ec\ub7ec\ub85c \ub04c\uc5b4\uc62c\ub838\ub2e4. \uc0c8\ub85c\uc6b4 \ud658\uc728\uc81c\ub3c4 \ub3c4\uc785 \uc774\ud6c4 \uc911\uc559\uc740\ud589\uc740 \uac70\uc758 \ub9e4\uc77c \uc678\ud654\ub97c \ub9e4\uc785\ud558\uace0 \uc788\uc73c\uba70, \uc77c\ud3c9\uade0 \ub9e4\uc785\uc561\uc740 \uc57d 6,000\ub9cc \ub2ec\ub7ec \uc218\uc900\uc774\ub2e4.<br>\uc774 \uac19\uc740 \ubd84\uc704\uae30 \uc18d\uc5d0\uc11c \uc8fc\uc2dd\uc2dc\uc7a5\ub3c4 \ub099\uad00\ub860\uc5d0 \ub3d9\ubc18\ud588\ub2e4. S&amp;P \uba54\ub974\ubc1c \uc9c0\uc218\ub294 \ud398\uc18c \uae30\uc900 3.6% \uc0c1\uc2b9, \ub2ec\ub7ec \uae30\uc900\uc73c\ub85c\ub294 4.4% \uc0c1\uc2b9\ud574 2025\ub144 1\uc6d4 31\uc77c \uc774\ud6c4 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\ub2e4. \ud55c\ud3b8, \uc6d4\uac00\uc5d0 \uc0c1\uc7a5\ub41c \uc544\ub974\ud5e8\ud2f0\ub098 \uae30\uc5c5\ub4e4\uc758 ADR\uc740 \ucd5c\ub300 10.5%\uae4c\uc9c0 \uc0c1\uc2b9\ud588\ub2e4.<br>\ud55c\ud3b8, \uc77c\uac04\uc9c0 La Voz del Interior \uc9c0\uc5d0 \uc2e4\ub9b0 \ubd84\uc11d\uc5d0\uc11c\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \ubcf4\ub3c4\ud588\ub2e4.<br>\u201c\ubc00\ub808\uc774 \ub300\ud1b5\ub839\uc774 \uc790\uc2e0\uc758 \uac1c\ud601 \uc758\uc81c \uc911 \uc77c\ubd80\ub77c\ub3c4 \ud1b5\uacfc\uc2dc\ud0a4\ub294 \ub370 \uc131\uacf5\ud55c\ub2e4\uba74, 3\uc6d4 1\uc77c\uc744 \ud6e8\uc52c \uc815\uce58\uc801 \uc785\uc7a5\uc774 \uac15\ud654\ub41c \uc0c1\ud0dc\ub85c \ub9de\uc774\ud560 \uac83\uc774\ub2e4. \ubc18\ub300\ub85c \uc2e4\ud328\ud560 \uacbd\uc6b0, \uc815\uce58\uc801\uc73c\ub85c \ubc18\ub300 \uc138\ub825\uc5d0 \ub458\ub7ec\uc2f8\uc778 \uc815\ubd80\ub85c \uc77c\ubc18 \uc785\ubc95\uc73c\ub85c \uc2dc\uc791\ud558\uac8c \ub420 \uac83\uc774\uba70, \uc774\ub294 \ub2e8\uc21c\ud788 \ubd84\uc5f4\ub41c \uc218\uc900\uc774 \uc544\ub2c8\ub77c \ubb34\ub825\ud654\ub41c \uc0c1\ud0dc\uac00 \ub420 \uc218 \uc788\ub2e4. \uc815\ubd80\uac00 \uc131\uacfc\ub97c \ub0b4\uae30 \uc2dc\uc791\ud558\uba74 \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\ub294 100\ud3ec\uc778\ud2b8 \ub354 \ud558\ub77d\ud560 \uc218 \uc788\ub2e4. \u2018\uc7ac\uc815 \ubb34\uc8c4\ubc95(Ley de Inocencia Fiscal)\u2019\uc774 \uc81c\ub300\ub85c \uc2dc\ud589\ub41c\ub2e4\uba74, \uad6d\uc81c \uae08\uc735\uc2dc\uc7a5\uc73c\ub85c\uc758 \uc7ac\uc9c4\uc785\uc744 \uc704\ud55c \uacfc\ub3c4\uae30\ub97c \uac00\ub2a5\ud558\uac8c \ud560 \uac83\uc774\uba70, \uadf8 \uc804\uc5d0 \uad6d\ub0b4 \uc2dc\uc7a5\uc5d0\uc11c \uc758\ubbf8 \uc788\ub294 \uc2dc\ud5d8 \ub2e8\uacc4\ub97c \uac70\uce60 \uc218 \uc788\uc744 \uac83\uc774\ub2e4. \uc774\ub294 \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \ubb38\uc81c\uac00 \uc720\ub3d9\uc131\uc774 \uc544\ub2c8\ub77c \uc2e0\ub8b0\uc131\uc5d0 \uc788\uae30 \ub54c\ubb38\uc5d0 \ub9e4\uc6b0 \uc911\uc694\ud558\ub2e4.\u201d<br><\/li>\n\n\n\n<li>\uc7ac\ubb34\uccad, \uc911\uc694 \ucc44\uad8c \uc785\ucc30 \ud1b5\ud574 \uc2dc\uc7a5 \uc7ac\uc870\uc815\u2026 \ub192\uc740 \ucc28\ud658(\ub864\uc624\ubc84) \ubaa9\ud45c<br>\uc544\ub974\ud5e8\ud2f0\ub098 \uc7ac\ubb34\uccad\uc740 \uc774\ubc88 \uc8fc \ucd08, \uc624\ub298 \uc2e4\uc2dc\ub420 \uad6d\ucc44 \uc785\ucc30 \uc870\uac74\uc744 \uacf5\uac1c\ud588\ub2e4. \uc774\ubc88 \uc785\ucc30\uc740 \ud398\uc18c \ud45c\uc2dc \uc0c1\ud488\uacfc \ub2ec\ub7ec \uc5f0\ub3d9 \uc0c1\ud488\uc744 \ud63c\ud569\ud55c \ub2e4\uc591\ud55c \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uc81c\uc2dc\ud558\ub294 \uac83\uc774 \ud2b9\uc9d5\uc774\ub2e4.<br>\uad6c\uccb4\uc801\uc73c\ub85c\ub294 2026\ub144 3\uc6d4\ubd80\ud130 2027\ub144 1\uc6d4\uae4c\uc9c0 \ub9cc\uae30\uc758 \ub808\ucea1(Lecap) 4\uc885, 2026\ub144 8\uc6d4 \ub9cc\uae30\uc758 \ud0c0\ub9c8\ub974(Tamar, \uace0\uc561 \uc608\uae08) \uae08\ub9ac \uc5f0\ub3d9 \ucc44\uad8c 1\uc885, 2026\ub144 7\uc6d4\uacfc 2028\ub144 6\uc6d4 \ub9cc\uae30\uc758 \ubcf8\uc138\ub974(Boncer) 4\uc885, 2026\ub144 4\uc6d4 \ub9cc\uae30\uc758 \ub2ec\ub7ec \uc5f0\ub3d9 \ucc44\uad8c(dollar-linked) 1\uc885\uc774<br>\ud3ec\ud568\ub41c\ub2e4.<br>\uc774\ubc88 \uc785\ucc30\uc740 \uac15\ud55c \uc7ac\uc815\uc801 \uc555\ubc15 \uc18d\uc5d0\uc11c \uc9c4\ud589\ub41c\ub2e4. \uc7ac\ubb34\uccad\uc740 \uc9c0\ub09c\uc8fc \uc2e4\uc2dc\ub41c \ubd80\ucc44 \uad50\ud658(canje) \uc774\ud6c4\uc5d0\ub3c4 9\uc870 5\ucc9c\uc5b5 \ud398\uc18c \uaddc\ubaa8\uc758 \ub9cc\uae30 \ub3c4\ub798 \ucc44\ubb34\ub97c \uc55e\ub450\uace0 \uc788\uae30 \ub54c\ubb38\uc774\ub2e4. \uc774\uc804 \uc785\ucc30\uacfc \ub9c8\ucc2c\uac00\uc9c0\ub85c, \uc7ac\ubb34\uccad\uc740 \uc911\uc559\uc740\ud589\uc5d0 \ud574\ub2f9 \uc9c0\uae09\uc744 \ubaa8\ub450 \ucda9\ub2f9\ud560 \uc218 \uc788\uc744 \ub9cc\ud07c\uc758 \ud398\uc18c \uc608\uce58\uae08\uc774 \uc5c6\ub294 \uc0c1\ud669\uc774\ub2e4.<br>1\uc6d4 22\uc77c \uae30\uc900\uc73c\ub85c \uc7ac\ubb34\ubd80\uac00 \ubcf4\uc720\ud55c \uc790\uae08\uc740 \ud398\uc18c 2\uc870 3\ucc9c\uc5b5\uacfc 3\uc5b5 2,400\ub9cc \ub2ec\ub7ec \uc218\uc900\uc5d0 \ubd88\uacfc\ud588\uc73c\uba70, \uc774\uc5d0 \ub530\ub77c \ub192\uc740 \uc218\uc900\uc758 \ucc28\ud658(\ub864\uc624\ubc84)\uc744 \ub2e4\uc2dc \ud55c \ubc88 \ub2ec\uc131\ud574\uc57c\ub9cc \ucc44\ubb34 \ubd80\ub2f4\uc744 \ud574\uc18c\ud560 \uc218 \uc788\ub294 \uc0c1\ud669\uc774\ub2e4.<\/li>\n<\/ol>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li>BCRA, \ub2e4\uc2dc \ub2ec\ub7ec \ub9e4\uc785\u2026 \uae08\uac12 \uae09\ub4f1\uc5d0 \uc678\ud658\ubcf4\uc720\uc561 \uc99d\uac00<br>\uc544\ub974\ud5e8\ud2f0\ub098 \uc911\uc559\uc740\ud589(BCRA)\uc740 \uc5b4\uc81c \uacf5\uc2dd \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c \ub2e4\uc2dc \uac1c\uc785\uc5d0 \ub098\uc11c \uc21c\ub9e4\uc218 3,200\ub9cc \ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\ub2e4. \uc774\uc5d0 \ub530\ub77c 1\uc6d4 \ub204\uc801 \uc21c\ub9e4\uc218\uc561\uc740 \uc57d 10\uc5b5 5,200\ub9cc \ub2ec\ub7ec\uc5d0 \ub2ec\ud588\ub2e4. \uc774\ub7f0 \ud750\ub984 \uc18d\uc5d0\uc11c \ucd1d\uc678\ud658\ubcf4\uc720\uc561\uc740 457\uc5b5 7,900\ub9cc \ub2ec\ub7ec\ub85c \uc9d1\uacc4\ub410\ub294\ub370, \uc774\ub294 2026\ub144 \ub4e4\uc5b4 \uc57d 45\uc5b5 \ub2ec\ub7ec \uc774\uc0c1 \uc99d\uac00\ud55c \uc218\uc900\uc774\ub2e4.<br>\ub2e4\ub9cc \uc774\ub7ec\ud55c \uc678\ud658\ubcf4\uc720\uc561 \uc99d\uac00\ub294 \uc2e4\uc81c \uc678\ud654 \ucd95\uc801\ubcf4\ub2e4\ub294 \ud3c9\uac00\uc758 \uc601\ud5a5\uc774 \ud06c\ub2e4. \ud575\uc2ec \ub3d9\ub825\uc740 \uc815\ubd80\uc758 \uc2e4\uc9c8\uc801\uc778 \ub2ec\ub7ec \ub9e4\uc785\ubcf4\ub2e4\ub294, \uc5f0\ucd08 \uc774\ud6c4 \uad6d\uc81c \uae08 \uac00\uaca9\uc758 \uae09\ub4f1\uc774\ub2e4. \uae08 \uac00\uaca9\uc740 \ucd5c\uadfc \uc628\uc2a4\ub2f9 5,100\ub2ec\ub7ec\ub97c \ub118\uc5b4\uc130\ub294\ub370, \uc774\ub294 \uad6d\uc81c \uc815\uce58\u00b7\uacbd\uc81c \ud658\uacbd\uacfc \uc5f0\uacc4\ub41c \uae00\ub85c\ubc8c \uae08\uc735 \uae34\uc7a5 \uace0\uc870\uc758 \uc601\ud5a5\uc774\ub2e4.<br>\ud55c\ud3b8 \ub18d\ucd95\uc0b0 \uc218\ucd9c \ubd80\ubb38\uc5d0\uc11c\uc758 \uc678\ud654 \uc720\uc785\uc740 \uc548\uc815\uc801\uc73c\ub85c \uc720\uc9c0\ub418\uace0 \uc788\uc73c\uba70, \ud558\ub8e8 \ud3c9\uade0 \uc57d 8,800\ub9cc \ub2ec\ub7ec \uaddc\ubaa8\uc758 \uc218\ucd9c \ub300\uae08\uc774 \uccad\uc0b0\ub418\uace0 \uc788\ub2e4. \uc774\ub7ec\ud55c \uc9c0\uc18d\uc801\uc778 \ub2ec\ub7ec \uc720\uc785 \ub355\ubd84\uc5d0 BCRA\ub294 \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c\uc758 \ub9e4\uc785 \uc18d\ub3c4\ub97c \uc720\uc9c0\ud560 \uc218 \uc788\uc5c8\ub2e4.<br><\/li>\n\n\n\n<li>\uacf5\uc2dd \ud658\uc728 \ub2e4\uc2dc \uc0c1\uc2b9 \uadf8\ub7ec\ub098 \ubc34\ub4dc \uc0c1\ub2e8\uacfc\ub294 \uc5ec\uc804\ud788 \ud070 \uaca9\ucc28<br>\uacf5\uc2dd \ud658\uc728\uc740 \uc774\ubc88 \uc8fc \ud654\uc694\uc77c \ub2e4\uc2dc \uc0c1\uc2b9\ud558\uba70 3\uac70\ub798\uc77c \uc5f0\uc18d \uc624\ub984\uc138\ub97c \ubcf4\uc600\ub2e4. \uadf8\ub7fc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \ud658\uc728 \ubc34\ub4dc \uc0c1\ub2e8\uacfc\ub294 \uc5ec\uc804\ud788 \uc0c1\ub2f9\ud55c \uc5ec\uc720\uac00 \uc788\ub2e4. \ub610\ud55c \ud1b5\ud654 \uc2dc\uc7a5\uc740 \ub2e8\uae30 \uae08\ub9ac\uac00 \ud070 \ud3ed\uc73c\ub85c \ud558\ub77d\ud55c \uc601\ud5a5\ub3c4 \ubc1b\uc558\ub294\ub370, \uc7a5\uc911 \ub2e8\uae30 \uae08\ub9ac\ub294 20% \uc544\ub798\uae4c\uc9c0 \ub0b4\ub824\uac14\ub2e4.<br>\ub3c4\ub9e4 \uc2dc\uc7a5\uc5d0\uc11c \ub2ec\ub7ec\ub294 5\ud398\uc18c \uc0c1\uc2b9\ud574 1,442.50\ud398\uc18c\uc5d0 \ub9c8\uac10\ud588\ub2e4. \uc774\ub294 \ud604\uc7ac 1,559.30\ud398\uc18c\ub85c \uc124\uc815\ub41c \ubc34\ub4dc \uc0c1\ub2e8 \ub300\ube44 8.1% \ub0ae\uc740 \uc218\uc900\uc774\ub2e4. \uc18c\ub9e4 \uc2dc\uc7a5\uc5d0\uc11c\uc758 \uacf5\uc2dd \ub2ec\ub7ec \ud658\uc728\uc740 1,464.66\ud398\uc18c\ub85c \uac70\ub798\ub97c \ub9c8\ucce4\ub2e4.<br>\uacf5\uc2dd \ud658\uc728\uacfc \ub2ec\ub9ac \uae08\uc735 \ub2ec\ub7ec\ub4e4\uc740 \ud558\ub77d\uc138\ub97c \ubcf4\uc600\ub2e4.<br>MEP \ud658\uc728\uc740 1,442.50\ud398\uc18c, CCL \ud658\uc728\uc740 1,503.74\ud398\uc18c\uc5d0 \uac70\ub798\ub410\ub2e4.<br>\uc774\uc5d0 \ub530\ub77c \ud658\uc728 \uaca9\ucc28\ub294 \uac01\uac01 1.54%, 4.25%\ub85c \ube44\uad50\uc801 \uc81c\ud55c\uc801\uc778 \uc218\uc900\uc744 \uc720\uc9c0\ud588\ub2e4.<br>\uc120\ubb3c\ud658 \uc2dc\uc7a5\uc5d0\uc11c\ub3c4 \uc804\ubc18\uc801\uc73c\ub85c \ud558\ub77d\uc138\uac00 \ub098\ud0c0\ub0ac\uc73c\uba70, \ub300\ubd80\ubd84\uc758 \uacc4\uc57d\uc5d0\uc11c \uc870\uc815\uc774 \uc788\uc5c8\ub2e4. \uac00\uc7a5 \ub300\ud45c\uc801\uc778 3\uc6d4\ubb3c \ub9cc\uae30 \uacc4\uc57d\uc740 1,511\ud398\uc18c\uc5d0 \ub9c8\uac10\ud588\ub2e4.<\/li>\n<\/ol>\n\n\n\n<ol start=\"5\" class=\"wp-block-list\">\n<li>\ucf54\ub974\ub3c4\ubc14, \ub2ec\ub7ec \ud45c\uc2dc \ucc44\uad8c \ubc1c\ud589\uacfc 2027\ub144 \ub9cc\uae30 \ubd80\ucc44 \uc7ac\ub9e4\uc785\uc73c\ub85c \ud574\uc678 \uae08\uc735\uc2dc\uc7a5 \ubcf5\uadc0<br>\uc544\ub974\ud5e8\ud2f0\ub098 \ucf54\ub974\ub3c4\ubc14 \uc8fc\ub294 \uc5b4\uc81c \ub2ec\ub7ec \ud45c\uc2dc \ucc44\uad8c\uc758 \uc2e0\uaddc \ubc1c\ud589\uacfc \ub9cc\uae30 \uc784\ubc15 \ucc44\uad8c\uc758 \uc7ac\ub9e4\uc785\uc744 \uacb0\ud569\ud55c \uc885\ud569 \uae08\uc735 \uac70\ub798\ub97c \ud1b5\ud574 \uad6d\uc81c \uae08\uc735\uc2dc\uc7a5\uc5d0 \ub300\ud55c \uc811\uadfc\uc744 \ub2e4\uc2dc \uc5f4\uc5c8\ub2e4. \uc774 \uac70\ub798\ub294 \ub274\uc695\ubc95\uc744 \uc801\uc6a9\ubc1b\ub294 \uc0c8\ub85c\uc6b4 \ub2ec\ub7ec \ucc44\uad8c \ubc1c\ud589\uacfc, \uac00\uae4c\uc6b4 \uc2dc\uc77c \ub0b4 \ub9cc\uae30\uac00 \ub3c4\ub798\ud558\ub294 \ucc44\uad8c\uc744 \ub300\uc0c1\uc73c\ub85c \ud55c \uc7ac\ub9e4\uc785 \ud504\ub85c\uadf8\ub7a8\uc744 \ud568\uaed8 \ud3ec\ud568\ud55c\ub2e4.<br>\uc774\ubc88 \uc804\ub7b5\uc758 \ubaa9\uc801\uc740 \uc9c0\uae09 \uc77c\uc815\uc758 \uc815\ube44, \ub9cc\uae30 \uad6c\uc870\uc758 \uc7a5\uae30\ud654, \uadf8\ub9ac\uace0 \ud22c\uc790\uc790\ub4e4 \uc55e\uc5d0\uc11c\uc758 \uc608\uce21 \uac00\ub2a5\uc131 \uc2e0\ud638 \uac15\ud654\ub2e4. \uc774\ub294 \ub9c8\ub974\ud2f4 \ub7b4\ub8cc\ub77c \uc8fc \ud589\uc815\ubd80 \ucd9c\ubc94 \uc774\ud6c4 \ub450 \ubc88\uc9f8 \ud574\uc678\uc2dc\uc7a5 \uc9c4\ucd9c\uc774\ub2e4. \uc55e\uc11c 2025\ub144 7\uc6d4, \ucf54\ub974\ub3c4\ubc14\ub294 \uad6d\uc81c \uc790\ubc1c\uc801 \uae08\uc735\uc2dc\uc7a5\uc5d0 \ubcf5\uadc0\ud55c \ucd5c\ucd08\uc758 \uc544\ub974\ud5e8\ud2f0\ub098 \uc9c0\ubc29\uc815\ubd80\uac00 \ub418\uba70 \uc774\uc815\ud45c\ub97c \uc138\uc6b4 \ubc14 \uc788\ub2e4. \ub2f9\uc2dc\uc5d0\ub294 7\ub144 \ub9cc\uae30 7\uc5b52,500\ub9cc \ub2ec\ub7ec\ub97c \uc5f0 9.75% \uae08\ub9ac\ub85c \ubc1c\ud589\ud588\ub2e4.<br>\ud604\uc7ac\uc758 \uc5ec\uac74\uc740 \ub2f9\uc2dc\uc640\ub294 \uc0c1\ub2f9\ud788 \ub2e4\ub974\ub2e4. \ucd5c\uadfc \uba70\uce60\uac04 \uc544\ub974\ud5e8\ud2f0\ub098 \uad6d\ucc44 \uac00\uaca9 \ud68c\ubcf5\uacfc \uadf8\uc5d0 \ub530\ub978 \uad6d\uac00\uc704\ud5d8\ub3c4 \ud558\ub77d\uc73c\ub85c \uae08\uc735 \uc5ec\uac74\uc774 \uac1c\uc120\ub418\uc5c8\uace0, \uc774\uc5d0 \ub530\ub77c \uc9c0\ubc29\uc815\ubd80\ub294 \uad6d\ub0b4\uc678 \ud658\uacbd\uc774 \ub2e4\uc2dc \uc81c\uc57d\uc801\uc73c\ub85c \ubcc0\ud558\uae30 \uc804\uc5d0 \uc0c8\ub85c\uc6b4 \ubc1c\ud589\uc744 \ub2e8\ud589\ud558\uae30\ub85c \uacb0\uc815\ud588\ub2e4.<br>\uc774\ub7ec\ud55c \ub9e5\ub77d \uc18d\uc5d0\uc11c \ucf54\ub974\ub3c4\ubc14\ub294 9\ub144 \ub9cc\uae30 8\uc5b5 \ub2ec\ub7ec\uc758 \uc2e0\uaddc \ucc44\uad8c\uc744 \uc5f0 8.95% \uae08\ub9ac\ub85c \ubc1c\ud589\ud588\ub2e4. \uc5ec\uae30\uc5d0 \ub354\ud574, \uc8fc\uc815\ubd80\ub294 2027\ub144 \ub9cc\uae30 \uad6d\uc81c\ucc44\uad8c \uc804\ub7c9\uc744 \ub9e4\uc785\ud558\uae30 \uc704\ud55c \uacf5\uac1c \ub9e4\uc785 \uc81c\uc548\ub3c4 \ud568\uaed8 \ubc1c\ud45c\ud588\ub2e4. \uc774 \uc870\uce58\ub294 2026~2027\ub144\uc5d0 \uc608\uc815\ub41c \uc678\ud654 \uc0c1\ud658 \ubd80\ub2f4\uc744 \uc644\ud654\ud558\uace0, \ub2e8\uae30 \uc720\ub3d9\uc131 \uc555\ubc15\uc744 \uc904\uc774\uba70, \ubd80\ucc44\uc758 \uc804\ubc18\uc801 \uad6c\uc870\ub97c \uac1c\uc120\ud558\ub294 \uac83\uc744 \ubaa9\ud45c\ub85c \ud55c\ub2e4.<br><\/li>\n\n\n\n<li>\uc5f0\uc900(Fed), \uae08\ub9ac\ubcf4\ub2e4 \uba54\uc2dc\uc9c0\uac00 \ub354 \uc911\uc694: \uc2dc\uc7a5 \ucd08\uc810\uc740 \ud30c\uc6d4\uc758 \ubc1c\uc5b8<br>\uc624\ub298 \uc5f4\ub9ac\ub294 \ubbf8 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed) \ud68c\uc758\uc758 \ud575\uc2ec\uc740 \ud1b5\ud654\uc815\ucc45 \uacb0\uc815 \uadf8 \uc790\uccb4\ub77c\uae30\ubcf4\ub2e4, \ud68c\uc758 \uc774\ud6c4 \uc81c\ub86c \ud30c\uc6d4 \uc758\uc7a5\uc774 \uae30\uc790\ud68c\uacac\uc5d0\uc11c \ub0b4\ub193\uc744 \uba54\uc2dc\uc9c0\uc758 \ud1a4\uacfc \ub0b4\uc6a9\uc774 \ub420 \uc804\ub9dd\uc774\ub2e4. \uc815\uce58\uc801 \ud658\uacbd \uc5ed\uc2dc \uadf8\uc758 \ubc1c\uc5b8\uc5d0 \ucd94\uac00\uc801\uc778 \ubb34\uac8c\ub97c \ub354\ud558\uace0 \uc788\ub2e4.<br>\ub3c4\ub110\ub4dc \ud2b8\ub7fc\ud504\uc758 \ubc31\uc545\uad00 \ubcf5\uadc0 \uc774\ud6c4, \ud30c\uc6d4\uc740 \ub2e4\uc2dc\uae08 \ubb34\ub300\uc758 \uc911\uc2ec\uc5d0 \uc130\ub2e4. \ud2b9\ud788 \uae08\ub9ac \uc778\ud558\ub97c \ub354 \ube60\ub974\uac8c \ub2e8\ud589\ud558\ub77c\ub294 \ud2b8\ub7fc\ud504\uc758 \uac15\ud55c \uc555\ubc15\uc774 \uc774\uc5b4\uc84c\uace0, \uc2ec\uc9c0\uc5b4 \ud2b8\ub7fc\ud504\ub294 \uc5f0\uc900 \uc758\uc7a5\uc744 \uc0c1\ub300\ub85c \uc790\uae08 \uc720\uc6a9 \uc758\ud639\uc744 \uc774\uc720\ub85c \ud55c \uc0ac\ubc95 \uc870\uc0ac\ub97c \ucd94\uc9c4\ud558\uba70 \uc81c\ub3c4\uc801 \uae34\uc7a5\uac10\uc744 \ud55c\uce35 \ub04c\uc5b4\uc62c\ub838\ub2e4.<br>\uc774\ub7ec\ud55c \uc0c1\ud669 \uc18d\uc5d0\uc11c \uc2dc\uc7a5\uc740 \ud30c\uc6d4\uc758 \ud6c4\uc784\uc790 \uc9c0\uba85 \uac00\ub2a5\uc131\uc5d0 \uad00\ud55c \uc18c\ubb38\uc5d0\ub3c4 \uc8fc\uc758\ub97c \uae30\uc6b8\uc774\uace0 \uc788\ub2e4. \uc544\uc9c1 \uacf5\uc2dd\uc801\uc778 \uacb0\uc815\uc740 \uc5c6\uc9c0\ub9cc, \ub9cc\uc57d \uc870\ub9cc\uac04 \ud604\uc2e4\ud654\ub41c\ub2e4\uba74, \uc774\ub294 \ud604 \uc5f0\uc900 \uc758\uc7a5\uc758 \ub9c8\uc9c0\ub9c9 \uae30\uc790\ud68c\uacac\uc774 \ub420 \uc218 \uc788\ub2e4. \uc774 \uc810\uc740 \ud5a5\ud6c4 \uc218\uac1c\uc6d4\uac04\uc758 \ubbf8\uad6d \ud1b5\ud654\uc815\ucc45 \ubc29\ud5a5\uc744 \uc608\uce21\ud558\ub824\ub294 \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \uc788\uc5b4 \ud575\uc2ec\uc801\uc778 \ub2e8\uc11c\uac00 \ub41c\ub2e4.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\uc624\ub298\uc758 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