{"id":11281,"date":"2026-01-30T18:13:06","date_gmt":"2026-01-30T21:13:06","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=11281"},"modified":"2026-01-30T18:13:08","modified_gmt":"2026-01-30T21:13:08","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c01%ec%9b%94-30%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=11281","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(01\uc6d4 30\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. BCRA, \uacc4\uc18d \ub9e4\uc218 \ud589\uc9c4
    \uc544\ub974\ud5e8\ud2f0\ub098 \uc911\uc559\uc740\ud589(BCRA)\uc740 \uc678\ud658\uc790\uc720\uc2dc\uc7a5(MLC)\uc5d0\uc11c \uc21c\ub9e4\uc218\ub85c \ud558\ub8e8\ub97c \ub9c8\uac10\ud588\uc73c\uba70, 5,200\ub9cc \ub2ec\ub7ec\ub97c \ub9e4\uc785\ud588\ub2e4. \uc774\ub85c \uc778\ud574 \ucd1d\uc678\ud658\ubcf4\uc720\uc561\uc740 8,100\ub9cc \ub2ec\ub7ec \uc99d\uac00\ud558\uc5ec 462\uc5b5 4\ucc9c\ub9cc \ub2ec\ub7ec\uc5d0 \ub3c4\ub2ec\ud588\uace0, \uc774\ub294 3\ub144\uc5ec \ub9cc\uc5d0 \uac00\uc7a5 \ub192\uc740 \ub300\uc678\uc790\uc0b0 \uc218\uc900\uc744 \ud655\uace0\ud788 \ud558\ub294 \uacb0\uacfc\ub2e4.
    \ud1b5\ud654\ub2f9\uad6d\uc740 \uacf5\uc2dd \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c 19\uac70\ub798\uc77c \uc5f0\uc18d \uc21c\ub9e4\uc218\ub97c \uae30\ub85d\ud558\uace0 \uc788\uc73c\uba70, 1\uc6d4\uc744 \uc678\ud658\ubcf4\uc720\uc561\uc758 \uc758\ubbf8 \uc788\ub294 \uc99d\uac00\uc640 \ud568\uaed8 \ub9c8\ubb34\ub9ac\ud560 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4. \uc774\ub2ec \ub4e4\uc5b4 \ucd1d\uc678\ud658\ubcf4\uc720\uc561\uc740 50\uc5b5 7,500\ub9cc \ub2ec\ub7ec \uc99d\uac00\ud588\ub294\ub370, \uc774\ub294 \uc8fc\ub85c \uae08 \uac00\uaca9 \uae09\ub4f1\uc5d0 \ud798\uc785\uc740 \uac83\uc774\ub2e4. \uae08 \uac00\uaca9\uc740 1\uc6d4 \ud55c \ub2ec \ub3d9\uc548\ub9cc 20% \uc774\uc0c1 \uc0c1\uc2b9\ud588\uc73c\uba70, \uc774\ub294 \uae08\uc735 \ubcc0\ub3d9\uc131\uc774 \ud070 \uae00\ub85c\ubc8c \ud658\uacbd\uacfc \uc548\uc804\uc790\uc0b0 \uc120\ud638 \ud604\uc0c1 \uc18d\uc5d0\uc11c \ub098\ud0c0\ub09c \uc6c0\uc9c1\uc784\uc774\ub2e4.
    JP\ubaa8\uac74\uc758 \uc9d1\uacc4\uc5d0 \ub530\ub974\uba74, \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\ub294 492bp\ub85c, \uc2ec\ub9ac\uc801 \uae30\uc900\uc120\uc778 500bp \uc544\ub798\uc5d0\uc11c \uc548\uc815\ub418\uace0 \uc788\ub2e4. \uc774\ub7ec\ud55c \uc678\ud658\ubcf4\uc720\uc561 \ucd95\uc801, BCRA\uc758 \uc9c0\uc18d\uc801\uc778 \ub2ec\ub7ec \ub9e4\uc218, \uad6d\uac00\uc704\ud5d8\uc9c0\uc218 \ud558\ub77d\uc758 \uc870\ud569\uc740 \uae08\uc735 \uc548\uc815\uc131\uc5d0 \ub300\ud55c \uc778\uc2dd\uc744 \uac15\ud654\ud558\uace0 \uc788\uc73c\uba70, \uacf5\uacf5\u00b7\ubbfc\uac04 \ubd80\ubb38 \ubaa8\ub450\uc758 \uc790\uae08\uc870\ub2ec \uc5ec\uac74 \uac1c\uc120 \uae30\ub300\ub97c \ud0a4\uc6b0\uace0 \uc788\ub2e4. \ub2e4\ub9cc \uc2dc\uc7a5\uc740 \ud658\uc728 \uccb4\uacc4\uc758 \uc77c\uad00\uc131\uacfc \ub300\uc678 \ubcc0\uc218\uc758 \ud750\ub984\uc744 \uacc4\uc18d\ud574\uc11c \uc8fc\uc2dc\ud558\uace0 \uc788\ub2e4.
    \uacbd\uc81c\uc804\ubb38 \ub9e4\uccb4 \u00c1mbito Financiero\uc9c0\ub294 \ubd84\uc11d\uc5d0\uc11c \ub2e4\uc74c\uacfc \uac19\uc774 \uc5b8\uae09\ud588\ub2e4.
    \u201c\uc815\ubd80\uac00 \uc678\ud658\ubcf4\uc720\uc561\uc744 \ube60\ub978 \uc18d\ub3c4\ub85c \ub9e4\uc785\ud558\ub294 \uc815\ucc45\uc744 \uc720\uc9c0\ud55c\ub2e4\uba74, 6\uc6d4\uacbd \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\uac00 350bp \uc218\uc900\uae4c\uc9c0 \ud558\ub77d\ud560 \uac00\ub2a5\uc131\ub3c4 \ubc30\uc81c\ud560 \uc218 \uc5c6\ub2e4. \uc774\ub7f0 \uc2dc\ub098\ub9ac\uc624\ub77c\uba74 \uc544\ub974\ud5e8\ud2f0\ub098\ub294 \ud558\ubc18\uae30\uc5d0 \ubcf8\uaca9\uc801\uc73c\ub85c \uad6d\uc81c\uae08\uc735\uc2dc\uc7a5\uc5d0 \ubcf5\uadc0\ud560 \uc218 \uc788\uc744 \uac83\uc774\uba70, \uc18c\uaddc\ubaa8 \ubc1c\ud589\uc774 \uc544\ub2cc \uc758\ubbf8 \uc788\ub294 \uaddc\ubaa8\ub85c \uc790\uae08\uc744 \uc870\ub2ec\ud560 \uc218 \uc788\uc744 \uac83\uc774\ub2e4.\u201d
    <\/li>\n\n\n\n
  2. \uc544\ub974\ud5e8\ud2f0\ub098 \uc790\uc0b0 \ucc28\uc775 \uc2e4\ud604
    \uc774\ub0a0 \uc544\ub974\ud5e8\ud2f0\ub098 \uc790\uc0b0 \uc2dc\uc7a5\uc740 \ud63c\uc870\uc138\ub97c \ubcf4\uc600\ub2e4. \uad6d\ucc44\ub294 \uc885\ubaa9\ubcc4\ub85c \uc5c7\uac08\ub9b0 \ud750\ub984\uc744 \ub098\ud0c0\ub0b8 \ubc18\uba74, \uc8fc\uc2dd\uc2dc\uc7a5\uc740 \ube44\uad50\uc801 \ud070 \uc870\uc815\uc744 \ubc1b\uc558\ub2e4.
    \ub2ec\ub7ec \ud45c\uc2dc \ucc44\uad8c \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc774\uc9c8\uc801\uc778 \uc6c0\uc9c1\uc784\uc774 \ub098\ud0c0\ub0ac\ub2e4. \uc8fc\uc694 \ud558\ub77d \uc885\ubaa9\uc73c\ub85c\ub294 \ubcf4\ub098\ub974 2029\uac00 0.7% \ud558\ub77d, \uae00\ub85c\ubc8c 2030\uc774 0.3% \ud558\ub77d\ud588\ub2e4. \ubc18\uba74, \uae00\ub85c\ubc8c 2046\uc740 1% \uc0c1\uc2b9\ud558\uba70 \uac15\uc138\ub97c \ubcf4\uc600\ub2e4.
    \uad6d\ub0b4 \uc8fc\uc2dd\uc2dc\uc7a5\uc5d0\uc11c\ub294 S&P \uba54\ub974\ubc1c \uc9c0\uc218\uac00 \ud398\uc18c \uae30\uc900 0.6% \ud558\ub77d\ud588\uc73c\uba70, \ub2ec\ub7ec \uae30\uc900\uc73c\ub85c\ub294 1.8% \uae09\ub77d, \uc774\ub294 2\uc8fc\uc5ec \ub9cc\uc5d0 \uac00\uc7a5 \ud070 \uc77c\uc77c \ud558\ub77d\ud3ed\uc774\ub2e4. \ub3d9\uc2dc\uc5d0 \ub274\uc695 \uc6d4\uac00\uc5d0\uc11c\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 ADR \uc885\ubaa9\ub4e4\uc774 \ud63c\uc870 \ub9c8\uac10, \ud574\uc678 \ud22c\uc790\uc790\ub4e4 \uc0ac\uc774\uc5d0\uc11c \ubcf4\ub2e4 \uc2e0\uc911\ud55c \ubd84\uc704\uae30\uac00 \ud615\uc131\ub418\uace0 \uc788\uc74c\uc744 \ubc18\uc601\ud588\ub2e4.<\/li>\n<\/ol>\n\n\n\n
      \n
    1. \ud658\uc728\uc740 \uc548\uc815\uc801 \ub9c8\uac10, MEP \ud658\uc728\uc740 \ub2e4\uc2dc \ud558\ub77d
      \uc678\ud658\uc2dc\uc7a5\uc740 \uc804\ubc18\uc801\uc73c\ub85c \uc548\uc815\ub41c \ud750\ub984\uc744 \ubcf4\uc600\ub2e4. \uacf5\uc2dd \ud658\uc728\uc740 \uac70\ub798 \ub3c4\uc911 \ud55c\ub54c \uc0c1\uc2b9\ud588\uc9c0\ub9cc, \uacb0\uad6d \ubcc0\ub3d9 \uc5c6\uc774 \ub9c8\uac10\ud588\ub2e4. \ubc18\uba74 \uae08\uc735 \ub2ec\ub7ec\ub4e4\uc740 \uc81c\ud55c\uc801\uc778 \uc6c0\uc9c1\uc784\uc744 \ubcf4\uc600\uace0, \ud658\uc728 \uaca9\ucc28\ub294 1%\uae4c\uc9c0 \ucd95\uc18c\ub418\uba70 \ucd5c\uadfc 3\uac1c\uc6d4 \uc911 \uac00\uc7a5 \ub0ae\uc740 \uc218\uc900\uc744 \uae30\ub85d\ud588\ub2e4.
      \ub3c4\ub9e4\uc2dc\uc7a5\uc5d0\uc11c \ud658\uc728\uc740 \ub9e4\ub3c4 \uae30\uc900 1,444.50\ud398\uc18c\ub85c \ub9c8\uac10\ud588\ub2e4. \uc774 \uc218\uc900\uc5d0\uc11c \uacf5\uc2dd \ud658\uc728\uc740 \ud658\uc728 \ubc34\ub4dc \uc0c1\ub2e8\uc778 1,561.80\ud398\uc18c \ub300\ube44 \uc5ec\uc804\ud788 8.1% \ub0ae\uc740 \uc704\uce58\uc5d0 \uc788\ub2e4. \uc6d4\uac04 \uae30\uc900\uc73c\ub85c \ubcf4\uba74, 1\uc6d4\uc740 \ub204\uc801 10.50\ud398\uc18c \ud558\ub77d, \uc989 0.7% \ud558\ub77d\uc73c\ub85c \ub9c8\uac10\ud588\ub2e4.
      \ud55c\ud3b8, MEP \ud658\uc728\uc740 0.3% \ud558\ub77d\ud558\uc5ec 1,458.88\ud398\uc18c\uc5d0 \ub9c8\uac10\ud588\uc73c\uba70, \uacf5\uc2dd \ud658\uc728 \ub300\ube44 \uaca9\ucc28 \ucd95\uc18c \ucd94\uc138\ub97c \uad73\ud614\ub2e4. \ubc18\ub300\ub85c CCL \ud658\uc728\uc740 \uc0c1\uc2b9\ud574 1,515.25\ud398\uc18c\uae4c\uc9c0 \uc62c\ub790\uc9c0\ub9cc, \uc678\ud658\uc2dc\uc7a5\uc5d0 \uc758\ubbf8 \uc788\ub294 \uae34\uc7a5\uc744 \uc720\ubc1c\ud560 \uc815\ub3c4\ub294 \uc544\ub2c8\uc5c8\ub2e4. \uc774\ub85c\uc368 MEP \ub2ec\ub7ec\uc758 \uaca9\ucc28\ub294 1%, CCL \ub2ec\ub7ec\uc758 \uaca9\ucc28\ub294 4.90%\ub85c \ub9c8\uac10\ud588\ub2e4.
      <\/li>\n\n\n\n
    2. INDEC\uc758 \uc0c8\ub85c\uc6b4 lPC : 1\uc6d4 \uc804\ub9dd
      INDEC (\uad6d\uac00\ud1b5\uacc4\uccad)\uc740 \uc624\ub294 2\uc6d4 10\uc77c, 2026\ub144 \uccab \ubc88\uc9f8 \uc778\ud50c\ub808\uc774\uc158 \uc9c0\ud45c\ub97c \ubc1c\ud45c\ud560 \uc608\uc815\uc774\ub2e4. \uc774\ubc88 \ubc1c\ud45c\uc5d0\ub294 \uc911\uc694\ud55c \ubcc0\ud654\uac00 \ud3ec\ud568\ub41c\ub2e4. \ubc14\ub85c 2017\/2018\ub144 \uc804\uad6d \uac00\uacc4\uc9c0\ucd9c\uc870\uc0ac\ub97c \uae30\ubc18\uc73c\ub85c \ud55c \uc18c\ube44\uc790\ubb3c\uac00 \ubc14\uc2a4\ucf13\uc758 \uac1c\ud3b8\uc774 \uc801\uc6a9\ub41c\ub2e4\ub294 \uc810\uc774\ub2e4. \uc774\uc5d0 \ub530\ub77c 2004\ub144\ubd80\ud130 \uc0ac\uc6a9\ud574\uc628 \uae30\uc874 \uad6c\uc870\ub294 \ud3d0\uae30\ub418\uba70, \ubb3c\uac00 \uc0c1\uc2b9\ub960\uc744 \uce21\uc815\ud558\ub294 \ubc29\uc2dd\uc5d0 \uc911\uc694\ud55c \ubcc0\ud654\uac00 \uc0dd\uae34\ub2e4.
      \uac00\uc7a5 \ud070 \ubcc0\ud654\ub294 \uc2dd\ud488\u00b7\uc74c\ub8cc \ubd80\ubb38\uc5d0\uc11c \ub098\ud0c0\ub09c\ub2e4. \uc774 \ud56d\ubaa9\uc740 \uc804\uccb4 \uc9c0\uc218\uc5d0\uc11c \ucc28\uc9c0\ud558\ub294 \ube44\uc911\uc774 26.9% \u2192 22.7%\ub85c \ub0ae\uc544\uc9c4\ub2e4. \uc774\ub294 20\ub144 \uc804\uacfc \ube44\uad50\ud574 \uac00\uacc4 \uc18c\ube44\uc5d0\uc11c \uc2dd\ud488 \uc9c0\ucd9c\uc774 \ucc28\uc9c0\ud558\ub294 \ube44\uc911\uc774 \uc904\uc5b4\ub4e4\uc5c8\uc74c\uc744 \ubc18\uc601\ud55c\ub2e4.
      \ubc18\ub300\ub85c \uc11c\ube44\uc2a4 \ubd80\ubb38\uc758 \ube44\uc911\uc740 \ud06c\uac8c \ud655\ub300\ub41c\ub2e4.
      \uc8fc\uac70, \uc218\ub3c4, \uc804\uae30, \uac00\uc2a4 \ubc0f \uae30\ud0c0 \uc5f0\ub8cc \ud56d\ubaa9\uc740 \uac00\uc911\uce58\uac00 9.4% \u2192 14.5%\ub85c 54% \uc99d\uac00\ud55c\ub2e4. \uc774\ub85c \uc778\ud574 \uacf5\uacf5\uc694\uae08 \ubc0f \uc11c\ube44\uc2a4 \uc694\uae08 \uc870\uc815\uc5d0 IPC (\uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218)\uac00 \ud6e8\uc52c \ub354 \ubbfc\uac10\ud574\uc9c4\ub2e4.
      \uad50\ud1b5 \ubd80\ubb38 \uc5ed\uc2dc \ube44\uc911\uc774 11% \u2192 14.3%\ub85c \uc0c1\uc2b9\ud558\uba70, \uc5f0\ub8cc \uac00\uaca9\uacfc \ubc84\uc2a4\u00b7\uc804\ucca0\u00b7\uae30\ud0c0 \uad50\ud1b5\uc218\ub2e8 \uc694\uae08 \ubcc0\ud654\uac00 \uc9c0\uc218\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\uc774 \ucee4\uc9c4\ub2e4.
      \uc774\ub7ec\ud55c \ubcc0\ud654\ub4e4\uc744 \ud1b5\ud574 \uc0c8\ub85c\uc6b4 IPC\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uac00\uacc4\uc758 \ud604\uc7ac \uc18c\ube44 \uc2b5\uad00\uc744 \ubcf4\ub2e4 \uc815\ud655\ud788 \ubc18\uc601\ud558\ub294 \uac83\uc744 \ubaa9\ud45c\ub85c \ud558\uc9c0\ub9cc, \ub3d9\uc2dc\uc5d0 \uaddc\uc81c \uc11c\ube44\uc2a4 \uc694\uae08\uacfc \ub3c4\uc2dc \uc0dd\ud65c \uad00\ub828 \ube44\uc6a9 \uc870\uc815\uc5d0 \ub354 \ubbfc\uac10\ud55c \uc9c0\uc218\uac00 \ub420 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.
      Wise Capital \ud22c\uc790\ud68c\uc0ac\ub294 1\uc6d4 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc744 \uc57d 2.7% \uc218\uc900\uc73c\ub85c \uc608\uc0c1\ud558\uace0 \uc788\uc73c\uba70, \uc2dd\ud488 \uac00\uaca9 \uc0c1\uc2b9 \uc555\ub825\uc758 \uc9c0\uc18d\uc744 \uc9c0\uc801\ud55c\ub2e4. \ub2e4\ub9cc, \uae30\ucd08\ubb3c\uac00 \ud558\ub77d \ucd94\uc138\ub294 \uc774\uc5b4\uc9c0\uace0 \uc788\ub2e4.
      \uc11c\ube44\uc2a4\uc640 \uc5f0\uacc4\ub41c \uac00\uaca9 \ud56d\ubaa9\uc758 \ube44\uc911\uc774 \ucee4\uc9c4 \uc0c8\ub85c\uc6b4 \uc0b0\uc815 \ubc29\uc2dd\uc5d0\uc11c\ub294, \uadf8\ub3d9\uc548 \uce21\uc815\uc5d0\uc11c \uc0c1\ub300\uc801\uc73c\ub85c \ub35c \ubc18\uc601\ub418\ub358 \uaddc\uc81c \uc11c\ube44\uc2a4 \uac00\uaca9\uc774 \uc774\uc81c\ub294 \uc9c0\uc218\uc5d0 \uc9c1\uc811\uc801\uc774\uace0 \uac15\ud558\uac8c \ubc18\uc601\ub418\uae30 \uc2dc\uc791\ud55c\ub2e4.
      \ube44\ub85d \uc0c8\ub85c\uc6b4 \ubcf4\uc870\uae08 \uc81c\ub3c4\uc758 \uc2dc\ud589\uc774 1\uc6d4\uc5d0\ub294 \uc5f0\uae30\ub418\uc5c8\uc9c0\ub9cc, 2\uc6d4\ubd80\ud130\ub294 \ubcf8\uaca9 \uc2dc\ud589\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\uba70, \uc774 \uacbd\uc6b0 \uc694\uae08 \uc778\uc0c1\uc774 IPC\uc5d0 \ub354 \ud070 \uc601\ud5a5\uc744 \ubbf8\uce60 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4. \uc774\ub7ec\ud55c \ub9e5\ub77d\uc5d0\uc11c Wise Capital\uc740 2026\ub144 \uc5f0\uac04 \uc778\ud50c\ub808\uc774\uc158\uc744 \uc57d 26% \uc218\uc900\uc73c\ub85c \ucd94\uc815\ud558\uace0 \uc788\ub2e4.<\/li>\n<\/ol>\n\n\n\n
        \n
      1. \uc815\ubd80, \uc0dd\uc0b0 \uac10\uc18c\ub97c \ub9c9\uace0 \ud22c\uc790 \uc720\uce58 \uc704\ud574 \uc804\ud1b5 \uc6d0\uc720 \uc218\ucd9c\uc138 \uc778\ud558
        \uc815\ubd80\ub294 \uc804\ud1b5 \uc6d0\uc720\uc758 \uc218\ucd9c\uc138\ub97c \uc778\ud558\ud558\uae30\ub85c \uacb0\uc815\ud588\ub2e4. \uc774\ub294 \uae30\uc874 \uc720\uc804\uc5d0 \ub300\ud55c \ud22c\uc790\ub97c \ucd09\uc9c4\ud558\uae30 \uc704\ud55c \uc870\uce58\ub85c, \ucd5c\uadfc 10\ub144\uac04 \uc0dd\uc0b0 \uac10\uc18c\uac00 \ub450\ub4dc\ub7ec\uc9c0\uace0 \uc6b4\uc601\ube44 \ubd80\ub2f4\uc774 \ud070 \uc0b0\uc5c5 \ubd80\ubb38\uc744 \uaca8\ub0e5\ud55c \uac83\uc774\ub2e4.
        \uc774\ubc88 \uc870\uce58\ub294 \ub300\ud1b5\ub839\ub839 59\/2026\uc744 \ud1b5\ud574 \uacf5\uc2dd\ud654\ub418\uc5c8\uc73c\uba70, \uc218\ucd9c\uc138\uac00 \uc801\uc6a9\ub418\ub294 \uae30\uc900\uac00\uaca9\uc744 \uc218\uc815\ud558\ub294 \ub0b4\uc6a9\uc744 \ub2f4\uace0 \uc788\ub2e4. \uc0c8\ub85c\uc6b4 \uc81c\ub3c4\ub294 \ube44\uc804\ud1b5 \uc6d0\uc720(\uc170\uc77c \ubc0f tight -\uc554\uc11d\uc774 \ube7d\ube7d\ud55c \uc0c1\ud0dc\uc758 \uc720\uc804, \uc8fc\ub85c \ubc14\uce74 \ubb34\uc5d0\ub974\ud0c0)\uc5d0 \ub300\ud574\uc11c\ub294 \uae30\uc874 \uacfc\uc138 \uccb4\uacc4\ub97c \uadf8\ub300\ub85c \uc720\uc9c0\ud55c\ub2e4. \uc989, \uad6d\uc81c \uc720\uac00\uac00 \ubc30\ub7f4\ub2f9 \ubbf8\ud654 45\ub2ec\ub7ec \ubbf8\ub9cc\uc77c \uacbd\uc6b0 0%, 60\ub2ec\ub7ec\ub97c \ucd08\uacfc\ud560 \uacbd\uc6b0 8%\uc758 \uc138\uc728\uc774 \uc801\uc6a9\ub41c\ub2e4.
        \ubc18\uba74, \uc804\ud1b5 \uc6d0\uc720\uc5d0 \ub300\ud574\uc11c\ub294 \ubcf4\ub2e4 \uc720\uc5f0\ud55c \uccb4\uacc4\uac00 \ub3c4\uc785\ub418\uc5c8\ub2e4. \ucd5c\ub300 \uc138\uc728\uc5d0 \ub3c4\ub2ec\ud558\uae30 \uc804\uae4c\uc9c0 \uac00\uaca9 \uad6c\uac04\ubcc4\ub85c \uc644\ub9cc\ud558\uac8c \uc138\uc728\uc774 \uc0c1\uc2b9\ud558\ub294 \uad6c\uc870\ub2e4. \uad6c\uccb4\uc801\uc73c\ub85c\ub294, \ubc30\ub7f4\ub2f9 \uad6d\uc81c \uc720\uac00\uac00 65\ub2ec\ub7ec \ubbf8\ub9cc\uc77c \uacbd\uc6b0 \uc218\ucd9c\uc138\ub294 0%\ub2e4. 65\ub2ec\ub7ec\uc5d0\uc11c 80\ub2ec\ub7ec \uc0ac\uc774\uc5d0\uc11c\ub294 \uc138\uc728\uc774 0%\uc5d0\uc11c 8%\uae4c\uc9c0 \uc810\uc9c4\uc801\uc73c\ub85c \uc0c1\uc2b9\ud55c\ub2e4. \uad6d\uc81c \uc720\uac00\uac00 \ubc30\ub7f4\ub2f9 80\ub2ec\ub7ec \uc774\uc0c1\uc774 \ub418\uc5c8\uc744 \ub54c\uc5d0\ub9cc \uc644\uc804\ud55c 8% \uc218\ucd9c\uc138\uac00 \uc801\uc6a9\ub41c\ub2e4.
        \uc774\ubc88 \uacb0\uc815\uc740 \ub354 \ub9ce\uc740 \ud22c\uc790\uac00 \ud544\uc694\ud558\uace0 \ucd5c\uadfc \uba87 \ub144\uac04 \uacbd\uc7c1\ub825\uc774 \uc57d\ud654\ub41c \uc804\ud1b5 \uc720\uc804\uc758 \uc218\uc775\uc131\uc744 \uac1c\uc120\ud558\ub294 \ub370 \ubaa9\uc801\uc774 \uc788\ub2e4. \ub610\ud55c \uc804\ud1b5 \uc6d0\uc720\ub294 \uad6d\ub0b4 \uc815\uc720\uc2dc\uc124\uc5d0\uc11c \ucc98\ub9ac\ub418\ub294 \uc6d0\uc720\uc758 50% \uc774\uc0c1\uc744 \uacf5\uae09\ud558\ub294 \uc804\ub7b5\uc801 \ubd80\ubb38\uc774\ub77c\ub294 \uc810\uc5d0\uc11c, \ub0b4\uc218 \uc2dc\uc7a5 \uce21\uba74\uc5d0\uc11c\ub3c4 \uc911\uc694\uc131\uc774 \ud06c\ub2e4.
        <\/li>\n\n\n\n
      2. \ubbfc\uac04 \ubd80\ubb38 \uc678\ucc44, \uc804\ub144 \ub300\ube44 \ud070 \ud3ed \uc99d\uac00
        \uc544\ub974\ud5e8\ud2f0\ub098 \ubbfc\uac04 \ubd80\ubb38\uc758 \ub300\uc678\ubd80\ucc44\ub294 2025\ub144 3\ubd84\uae30 \ub9d0 \uae30\uc900 \ubbf8\ud654 1,168\uc5b5 4,700\ub9cc \ub2ec\ub7ec\uc5d0 \ub2ec\ud55c \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\ub2e4. \uc774\ub294 \uc911\uc559\uc740\ud589(BCRA)\uc758 \ucd5c\uc2e0 \ubcf4\uace0\uc11c\uc5d0 \ub530\ub978 \uac83\uc774\ub2e4.
        \uc774 \ubd80\ucc44 \uc794\uc561\uc740 \uc804 \ubd84\uae30 \ub300\ube44 73\uc5b5 \ub2ec\ub7ec \uc99d\uac00, \uc804\ub144 \ub3d9\uae30 \ub300\ube44\ub85c\ub294 \uc57d 130\uc5b5 \ub2ec\ub7ec \uc99d\uac00\ud55c \uc218\uce58\ub85c, \ucd5c\uadfc 1\ub144\uac04 \ubbfc\uac04 \ubd80\ubb38\uc758 \ubd80\ucc44 \uc99d\uac00 \uc18d\ub3c4\uac00 \ube68\ub77c\uc84c\uc74c\uc744 \ud655\uc778\ud574 \uc900\ub2e4.
        BCRA\uc5d0 \ub530\ub974\uba74, \ubd84\uae30 \uc911 \uc99d\uac00\ubd84\uc740 \uc8fc\ub85c \uc0c1\uc5c5 \ubd80\ucc44\uc758 \ud655\ub300\uc5d0 \uae30\uc778\ud588\uc73c\uba70, \uc774 \ud56d\ubaa9\uc740 50\uc5b5 1,600\ub9cc \ub2ec\ub7ec \uc99d\uac00\ud588\ub2e4. \uc5ec\uae30\uc5d0 \uae08\uc735 \ubd80\ucc44\uac00 22\uc5b5 8,400\ub9cc \ub2ec\ub7ec \ub298\uc5b4\ub098\uba70 \uc804\uccb4 \uc99d\uac00\ubd84\uc744 \ub298\ub838\ub2e4. \uc774 \ub450 \ud56d\ubaa9\uc774 \ud574\ub2f9 \uae30\uac04 \uc99d\uac00\ubd84\uc758 \uc804\ubd80\ub97c \ucc28\uc9c0\ud588\ub2e4.
        \ubd80\ucc44\ub97c \uae08\uc735\uc218\ub2e8\ubcc4\ub85c \ubcf4\uba74, \ubbfc\uac04 \ub300\uc678\ubd80\ucc44\uc758 \uac00\uc7a5 \ud070 \uad6c\uc131 \uc694\uc18c\ub294 \uc7ac\ud654 \uc218\uc785 \uad00\ub828 \ucc44\ubb34\ub85c, \ucd1d 390\uc5b5 5,500\ub9cc \ub2ec\ub7ec\uc5d0 \ub2ec\ud558\uba70 \uac00\uc7a5 \uc911\uc694\ud55c \ud56d\ubaa9\uc73c\ub85c \uc790\ub9ac \uc7a1\uc558\ub2e4. \uadf8\ub2e4\uc74c\uc740 \uae08\uc735\uae30\uad00 \ucc28\uc785\uae08\uc73c\ub85c 295\uc5b5 8,100\ub9cc \ub2ec\ub7ec, \uc774\uc5b4\uc11c \ube44\uac70\uc8fc\uc790 \ubcf4\uc720 \ucc44\uad8c\uc774 160\uc5b5 1,100\ub9cc \ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\ub2e4.<\/li>\n<\/ol>\n\n\n\n
          \n
        1. \ud2b8\ub7fc\ud504, 5\uc6d4 \ubc14\ub00c\ub294 \uc5f0\uc900 \uc758\uc7a5\uc5d0 \ucf00\ube48 \uc6cc\uc2dc \uc9c0\uba85
          \ub3c4\ub110\ub4dc \ud2b8\ub7fc\ud504\ub294 \uc81c\ub86c \ud30c\uc6d4\uc758 \uc784\uae30\uac00 5\uc6d4\uc5d0 \uc885\ub8cc\ub41c \uc774\ud6c4, \uacbd\uc81c\ud559\uc790 \ucf00\ube48 \uc6cc\uc2dc(Kevin Warsh)\uac00 \ucc28\uae30 \ubbf8\uad6d \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed) \uc758\uc7a5\uc774 \ub420 \uac83\uc774\ub77c\uace0 \ubc1c\ud45c\ud588\ub2e4. \uc774\ubc88 \uacb0\uc815\uc740 \ud5a5\ud6c4 \uba87 \ub144\uac04 \ubbf8\uad6d \uc911\uc559\uc740\ud589\uc758 \ud1b5\ud654\uc815\ucc45 \ubc29\ud5a5\uc744 \ub458\ub7ec\uc2fc \ub17c\uc7c1\uc744 \ub2e4\uc2dc \ud65c\uc131\ud654\uc2dc\ud0a4\ub294 \uc911\uc694\ud55c \uc804\ud658\uc810\uc73c\ub85c \ud3c9\uac00\ub41c\ub2e4.
          \uc5f0\uc900 \uc804 \uc774\uc0ac \ucd9c\uc2e0\uc778 \uc6cc\uc2dc\ub294 2008\ub144 \uae00\ub85c\ubc8c \uae08\uc735\uc704\uae30 \ub2f9\uc2dc\uc758 \uc5ed\ud560\uacfc, \uc6d4\uac00(Wall Street) \ubc0f \ud2b8\ub7fc\ud504\uc758 \uc815\uce58\uc801 \uc9c4\uc601\uacfc \ubaa8\ub450 \uae34\ubc00\ud55c \uad00\uacc4\ub97c \ub9fa\uace0 \uc788\ub294 \uc778\ubb3c\ub85c \uc2dc\uc7a5\uc5d0\uc11c \uc798 \uc54c\ub824\uc838 \uc788\ub2e4. \ud2b8\ub7fc\ud504\uc758 \uccab \ubc88\uc9f8 \uc784\uae30 \ub2f9\uc2dc\uc5d0\ub3c4 \uadf8\ub294 \uc5f0\uc900 \uc758\uc7a5 \ud6c4\ubcf4\ub85c \uac70\ub860\ub418\uc5c8\uc73c\ub098, \ucd5c\uc885\uc801\uc73c\ub85c \ud2b8\ub7fc\ud504\ub294 \ud30c\uc6d4\uc744 \uc120\ud0dd\ud588\ub2e4. \uadf8\ub7ec\ub098 \uc774\ud6c4 \ud2b8\ub7fc\ud504\ub294 \uc5f0\uc900\uc774 \ubc31\uc545\uad00\uc774 \uc694\uad6c\ud55c \uc18d\ub3c4\ub85c \uae08\ub9ac \uc778\ud558\ub97c \ub2e8\ud589\ud558\uc9c0 \uc54a\uc558\ub2e4\uba70 \ud30c\uc6d4\uc744 \uacf5\uac1c\uc801\uc73c\ub85c \ube44\ud310\ud55c \ubc14 \uc788\ub2e4.
          \uc774\ubc88 \uc9c0\uba85\uc5d0\uc11c \ud2b8\ub7fc\ud504\uac00 \uc6cc\uc2dc\ub97c \uc120\ud0dd\ud55c \ud575\uc2ec \uae30\uc900 \uc911 \ud558\ub098\ub294 \ubcf4\ub2e4 \ub0ae\uc740 \uae08\ub9ac \uc815\ucc45\uc5d0 \ub300\ud55c \uc9c0\uc9c0\ub85c \ud574\uc11d\ub41c\ub2e4. \ub2e4\ub9cc \uc6cc\uc2dc\ub294 \uc5ec\ub7ec \ucc28\ub840 \uc5f0\uc900\uc758 \ud1b5\ud654\uc815\ucc45\uc5d0 \ub300\ud574 \u201c\uccb4\uc81c\uc758 \ubcc0\ud654\u201d\uac00 \ud544\uc694\ud558\ub2e4\uace0 \uc8fc\uc7a5\ud574 \uc654\ub294\ub370, \uc5ec\uae30\uc5d0\ub294 \uc5f0\uc900 \ub300\ucc28\ub300\uc870\ud45c\uc758 \ucd95\uc18c\uac00 \ud3ec\ud568\ub41c\ub2e4. \uc774\ub294 \ubcf4\ub2e4 \ud655\uc7a5\uc801\uc778 \ud1b5\ud654\uc815\ucc45\uacfc \uc911\uc559\uc740\ud589\uc5d0 \ub300\ud55c \uc815\uce58\uc801 \ud1b5\uc81c\ub97c \uac15\ud654\ud558\ub824\ub294 \ud2b8\ub7fc\ud504\uc758 \uc120\ud638\uc640 \ud56d\uc0c1 \uc77c\uce58\ud558\ub294 \uac83\uc740 \uc544\ub2c8\ub2e4.
          \uc774\ub7ec\ud55c \uc7a0\uc7ac\uc801 \uae34\uc7a5 \uc694\uc18c\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, \uc2dc\uc7a5\uc740 \uc6cc\uc2dc\uc758 \uc9c0\uba85\uc744 \ud5a5\ud6c4 \uae08\ub9ac \uc778\ud558\uc5d0 \uc6b0\ud638\uc801\uc778 \uc2e0\ud638\ub85c \ud574\uc11d\ud558\uace0 \uc788\ub2e4. \ub2e4\ub9cc \uc77c\ubd80 \ub2e4\ub978 \ud6c4\ubcf4\ub4e4\uc774 \uc81c\uc548\ud588\ub358 \uac83\uacfc \uac19\uc740 \uacf5\uaca9\uc801\uc778 \ud1b5\ud654 \uc644\ud654\uac00 \ucd94\uc9c4\ub420 \uac00\ub2a5\uc131\uc740 \ub0ae\ub2e4\uace0 \ubcf4\uace0 \uc788\ub2e4. \uc774\ub7f0 \uc810\uc5d0\uc11c \uc6cc\uc2dc\uc758 \uc131\ud5a5\uc740 \uc5f0\uc900\uc758 \uc804\ud1b5\uc801 \ub3c5\ub9bd\uc131\uacfc, \ubcf4\ub2e4 \uac15\ud55c \ud1b5\ud654 \ubd80\uc591\uc744 \uc694\uad6c\ud558\ub294 \uc815\uce58\uc801 \uc555\ub825 \uc0ac\uc774\uc758 \uc911\uac04 \uc9c0\uc810\uc73c\ub85c \ud3c9\uac00\ub418\uace0 \uc788\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

          \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":11282,"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-11281","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\/11281","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=11281"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11281\/revisions"}],"predecessor-version":[{"id":11283,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11281\/revisions\/11283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/11282"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}