{"id":11610,"date":"2026-02-24T16:14:47","date_gmt":"2026-02-24T19:14:47","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=11610"},"modified":"2026-02-24T16:14:48","modified_gmt":"2026-02-24T19:14:48","slug":"%ea%b2%bd%ec%a0%9c-%ec%86%8c%ec%8b%9d-4-%ec%96%b4%eb%94%94%ec%97%90-%ed%88%ac%ec%9e%90%ed%95%b4%ec%95%bc-%ed%95%98%eb%8a%94%ea%b0%80","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=11610","title":{"rendered":"[\uacbd\uc81c \uc18c\uc2dd 4] \uc5b4\ub514\uc5d0 \ud22c\uc790\ud574\uc57c \ud558\ub294\uac00 ?"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"209\" height=\"180\" src=\"https:\/\/hanin.org.ar\/wp-content\/uploads\/2026\/02\/download-7.webp\" alt=\"\" class=\"wp-image-11611\" style=\"width:353px;height:auto\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\uc5b4\ub514\uc5d0 \ud22c\uc790\ud574\uc57c \ud558\ub294\uac00 ?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2026\ub144\uc740 \uc804\ud658\uc810\uc774 \ub418\ub294 \ud574\uc785\ub2c8\ub2e4.<br>\ud574\uace0\uac00 \ubc1c\uc0dd\ud558\ub294 \uac83\uc740 \uc5b4\ub290 \uc815\ub3c4 \uc608\uce21\ub41c \uc77c\uc774\uc5c8\uc2b5\ub2c8\ub2e4. \uacbd\uc81c \ubaa8\ub378\uc774 \ubcc0\ud654\ud558\uace0 \uc788\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4. \uc218\uc785\uc740 \uc99d\uac00\ud558\uace0 \uc790\ubcf8\uc740 \uc7ac\ubc30\uce58\ub420 \uac83\uc785\ub2c8\ub2e4. \uc774 \uacfc\uc815\uc5d0\uc11c \uacbd\uc81c \ud65c\ub3d9\uc740 \uc77c\uc2dc\uc801\uc73c\ub85c \uc815\uccb4\ub429\ub2c8\ub2e4.<br>\ud558\uc9c0\ub9cc \uc911\uc694\ud55c \uac83\uc740 \uc5d0\ub108\uc9c0, \uad11\uc5c5, \ub18d\uc5c5\uacfc \uac19\uc774 \uc218\uc775\uc131\uacfc \uacbd\uc7c1\ub825\uc744 \uac00\uc9c4 \ubd84\uc57c\ub4e4\uc774 \uc874\uc7ac\ud55c\ub2e4\ub294 \uc810\uc785\ub2c8\ub2e4.<br>\uacbd\uc81c\uac00 \ub3c4\uc57d\ud558\uace0 \uc8fc\uc2dd\uc774 \uc0c1\uc2b9\ud558\ub824\uba74 \ub514\uc2a4\uc778\ud50c\ub808\uc774\uc158\uc774 \uacc4\uc18d \uc9c4\ud589\ub418\uace0 \uae08\ub9ac\uac00 \ud558\ub77d\ud558\uba70 \uacbd\uc81c \ud65c\ub3d9\uc774 \ub2e4\uc2dc \uc0c1\uc2b9 \uacbd\ub85c\ub85c \ub3cc\uc544\uc640\uc57c \ud569\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uacfc\uc815\uacfc \ud568\uaed8 BCRA(\uc544\ub974\ud5e8\ud2f0\ub098 \uc911\uc559\uc740\ud589)\uc758 \uc678\ud658\ubcf4\uc720\uc561 \uc99d\uac00\uc640 \uc7ac\uc815 \ud751\uc790\uc758 \uac15\ud654\uac00 \uc774\ub8e8\uc5b4\uc9c4\ub2e4\uba74 \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\ub294 400bp \uc218\uc900\uae4c\uc9c0 \ub0ae\uc544\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<br>\uadf8\ub7ec\ub098 \uc774 \uacfc\uc815\uc740 \uc9c1\uc120\uc801\uc73c\ub85c \uc9c4\ud589\ub418\uc9c0 \uc54a\uc744 \uac83\uc785\ub2c8\ub2e4. \ubcc0\ub3d9\uc131\uc774 \ud070 \uc2dc\uc7a5\uc774 \ub420 \uac00\ub2a5\uc131\uc774 \ub192\uc2b5\ub2c8\ub2e4.<br>\ubcf4\uc218\uc801\uc778 \ud22c\uc790\uc790\ub77c\uba74 \uad6d\ucc44\ud615 \ud380\ub4dc\uc5d0 \uba38\ubb34\ub294 \uac83\uc774 \uc88b\uc2b5\ub2c8\ub2e4. \uc704\ud5d8\uc790\uc0b0\uc740 \uacb0\uad6d \uc0c1\uc2b9\ud558\uaca0\uc9c0\ub9cc \uadf8 \uacfc\uc815\uc5d0\uc11c \uac10\uc815\uc801\uc778 \ud070 \ub4f1\ub77d\uc774 \ubc18\ubcf5\ub420 \uac83\uc785\ub2c8\ub2e4.<br>6\uc6d4 \uc774\uc804\uc5d0 \ud398\uc18c\ud654\ub97c \uc0ac\uc6a9\ud560 \uacc4\ud68d\uc774\ub77c\uba74 Saving \ud380\ub4dc\uc5d0 \uba38\ubb34\ub294 \uac83\uc774 \uc911\uc694\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uadf8\ub807\uc9c0 \uc54a\ub2e4\uba74 Multy, Equity, Legacy \ud380\ub4dc\ub3c4 \uc88b\uc740 \uc120\ud0dd\uc785\ub2c8\ub2e4.<br>\ubb38\uc81c \uac00\ub2a5\uc131\ub3c4 \ud56d\uc0c1 \uc874\uc7ac\ud569\ub2c8\ub2e4. \uac00\uc7a5 \uc911\uc694\ud55c \uc704\ud5d8\uc740 \uc544\ub974\ud5e8\ud2f0\ub098\uac00 \ucc44\ubb34 \ub9cc\uae30\ub97c \uc7ac\uc735\uc790\ud558\uc9c0 \ubabb\ud558\ub294 \uc0c1\ud669\uc785\ub2c8\ub2e4. \ud604\uc7ac\ub85c\uc11c\ub294 \uadf8 \uac00\ub2a5\uc131\uc774 \uc2dc\uc7a5\uc758 \uc8fc\uc694 \uc2dc\ub098\ub9ac\uc624\ub294 \uc544\ub2d9\ub2c8\ub2e4.<br>\ubbf8\uad6d \uacbd\uc81c\uac00 \uc608\uc0c1\ubcf4\ub2e4 \ub0ae\uc740 \uc131\uc7a5\ub960(1.4%)\uc744 \uae30\ub85d\ud558\uba74\uc11c \uc5f0\uc900\uc774 \uae08\ub9ac\ub97c \uc778\ud558\ud574\uc57c \ud55c\ub2e4\ub294 \uc555\ub825\uc774 \ucee4\uc9c0\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uae08\ub9ac \uc778\ud558\ub294 25bp\uac00 \uc544\ub2c8\ub77c 50bp\uac00 \ub420 \uac00\ub2a5\uc131\ub3c4 \uc788\uc73c\uba70, \uc804\uccb4\uc801\uc73c\ub85c 75bp \uc815\ub3c4 \uc778\ud558\uac00 \uc774\ub8e8\uc5b4\uc9c8 \uac00\ub2a5\uc131\ub3c4 \uc788\uc2b5\ub2c8\ub2e4.<br>\uc774\ub7ec\ud55c \uc0c1\ud669\uc740 \ub2ec\ub7ec \uc2dc\uc7a5\uc5d0\ub294 \uc548\uc815 \uc694\uc18c\uac00 \ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub610\ud55c \uc62c\ud574 RIGI \ud22c\uc790 \ud504\ub85c\uadf8\ub7a8\uc744 \ud1b5\ud574 \uc57d 60\uc5b5 \ub2ec\ub7ec\uac00 \uc720\uc785\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4. \uc5ec\uae30\uc5d0 \uc57d 140\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ubb34\uc5ed\ud751\uc790\uac00 \ub354\ud574\uc9c0\uba74 \uc678\ud658\uc2dc\uc7a5 \uc548\uc815\uc5d0 \ub3c4\uc6c0\uc774 \ub420 \uac83\uc785\ub2c8\ub2e4.<br>\ud558\uc9c0\ub9cc \uc678\ud658\ubcf4\uc720\uc561 \ud655\ucda9, \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ub2ec\ub7ec\ud654, \ucc44\ubb34 \uc0c1\ud658\uc744 \uace0\ub824\ud558\uba74 \uc57d 70\uc5b5 \ub2ec\ub7ec \uc815\ub3c4\uc758 \ubd80\uc871\ubd84\uc774 \ubc1c\uc0dd\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4.<br>\ubb38\uc81c \uac00\ub2a5\uc131\uc744 \uacfc\uc18c\ud3c9\uac00\ud574\uc11c\ub294 \uc548 \ub429\ub2c8\ub2e4. \uc7ac\uc815 \uc815\ucc45\uc774 \uae34\ucd95\uc801\uc774\uace0 \ud1b5\ud654 \uc815\ucc45\uc774 \uc774\ub97c \ucda9\ubd84\ud788 \ubcf4\uc644\ud558\uc9c0 \ubabb\ud55c\ub2e4\uba74 \uc815\ubd80\uac00 \uacbd\uc81c\ub97c \ube60\ub974\uac8c \ud68c\ubcf5\uc2dc\ud0a4\uae30 \uc704\ud55c \uc815\ucc45 \uc218\ub2e8\uc774 \uc81c\ud55c\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc0c1\ud669\uc5d0\uc11c\ub294 \uc0ac\ud68c\uc801 \ubd88\ub9cc\uc774 \uc810\ucc28 \uac70\ub9ac \uc2dc\uc704\ub85c \ub098\ud0c0\ub0a0 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<br>\ud765\ubbf8\ub85c\uc6b4 \uc810\uc740 \ucd5c\uadfc BCRA\uac00 \ucc44\uad8c\uc744 \ub9e4\uc785\ud574 \uc9c0\ub09c\uc8fc \uc720\ub3d9\uc131 \ubd80\uc871 \uc0c1\ud669\uc744 \uc644\ud654\ud588\ub2e4\ub294 \uac83\uc785\ub2c8\ub2e4. \uc774\ub294 \uae08\ub9ac\uc5d0 \uc0c1\ud55c\uc744 \uc124\uc815\ud558\uace0 \ubcc0\ub3d9\uc131\uc744 \uc904\uc774\ub824\ub294 \uc2e0\ud638\ub85c \ud574\uc11d\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub2e4\uc2dc \ub9d0\ud574 \ud1b5\ud654 \uc815\ucc45\uc774 \ud604\uc7ac\ubcf4\ub2e4 \ub35c \uae34\ucd95\uc801\uc73c\ub85c \ubcc0\ud560 \uac00\ub2a5\uc131\uc744 \uc758\ubbf8\ud569\ub2c8\ub2e4. \uc774\ub294 \uacbd\uc81c \ud65c\ub3d9\uc744 \uac1c\uc120\ud558\uace0 \uae08\uc735 \uc2dc\uc2a4\ud15c\uc758 \uc5f0\uccb4\uc728\uc744 \ub0ae\ucd94\ub294 \ub370 \ub3c4\uc6c0\uc774 \ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<br>\ub300\uc678 \ud658\uacbd\ub3c4 \uc27d\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \ud2b9\ud788 \ud2b8\ub7fc\ud504 \uad00\ub828 \uc815\ucc45\uc740 \ud56d\uc0c1 \ubcc0\uc218\uac00 \ub429\ub2c8\ub2e4. \ubbf8\uad6d \ub300\ubc95\uc6d0\uc774 \uad00\uc138\ub97c \ubb34\ud6a8\ud654\ud558\uace0 \ub300\ud1b5\ub839\uc774 \uc0c8\ub85c\uc6b4 \uad00\uc138\ub97c \uc124\uc815\ud558\uba74\uc11c \ud589\uc815\ubd80\uc640 \uc0ac\ubc95\ubd80 \uac04\uc758 \uac08\ub4f1\uc774 \ubc1c\uc0dd\ud588\uc2b5\ub2c8\ub2e4.<br>\uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc774\ub7f0 \uc0c1\ud669\uc744 \uc88b\uc544\ud558\uc9c0 \uc54a\uc9c0\ub9cc, \ub9cc\uc57d \uc77c\ubd80 \uad00\uc138\uac00 \ucca0\ud68c\ub41c\ub2e4\uba74 \uc791\ub144 \uc2dc\uc7a5\uc744 \ubd88\uc548\ud558\uac8c \ub9cc\ub4e4\uc5c8\ub358 \uc694\uc778 \uc911 \ud558\ub098\uac00 \uc644\ud654\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uacb0\ub860 1<br>\ub2f9\ubd84\uac04 \ubcc0\ub3d9\uc131\uc740 \uc9c0\uc18d\ub420 \uac83\uc785\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uac1c\ud601\uc774 \uacc4\uc18d \uc9c4\ud589\ub41c\ub2e4\uba74(\ud604\uc7ac \uc758\ud68c\uc5d0\uc11c \ud398\ub860\uc8fc\uc758 \uc138\ub825\uc774 \ubd84\uc5f4\ub418\uc5b4 \uc788\uc74c) \uc8fc\uc2dd \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc740\ud589, \uacf5\uacf5\uc11c\ube44\uc2a4, \uc5d0\ub108\uc9c0, \uc6d0\uc790\uc7ac \uad00\ub828 \uc5c5\uc885\uc774 \uc0c1\uc2b9\ud560 \uac00\ub2a5\uc131\uc774 \ud07d\ub2c8\ub2e4.<br>\uc774\ub294 \ub2e8\uc21c\ud55c \ubc38\ub958\uc5d0\uc774\uc158 \uc0c1\uc2b9\ubfd0 \uc544\ub2c8\ub77c \ub2ec\ub7ec \uc57d\uc138\ub85c \uc778\ud55c \uc6d0\uc790\uc7ac \uac00\uaca9 \uc0c1\uc2b9 \uc0ac\uc774\ud074\uc758 \uc601\ud5a5\ub3c4 \ubc1b\uc744 \uac83\uc785\ub2c8\ub2e4.<br>\ucc44\uad8c \uc2dc\uc7a5\uc5d0\uc11c\ub294 \ub9e4\ub825\uc801\uc778 \uc694\uc18c\uac00 \ub450 \uac00\uc9c0 \uc788\uc2b5\ub2c8\ub2e4. \uc2e4\uc9c8 \uae08\ub9ac\uac00 \ud50c\ub7ec\uc2a4\ub77c\ub294 \uc810\uacfc \uc7ac\uc815 \uc9c8\uc11c\uac00 \uc720\uc9c0\ub420 \uacbd\uc6b0 \uc2a4\ud504\ub808\ub4dc \ucd95\uc18c \uac00\ub2a5\uc131\uc774 \uc788\ub2e4\ub294 \uc810\uc785\ub2c8\ub2e4.<br>\uc774\ub7ec\ud55c \uc0c1\ud669\uc740 \uc544\ub974\ud5e8\ud2f0\ub098\ubfd0 \uc544\ub2c8\ub77c \ubcfc\ub9ac\ube44\uc544\uc640 \uc5d0\ucf70\ub3c4\ub974\uc5d0\ub3c4 \ud574\ub2f9\ub429\ub2c8\ub2e4.<br>\ub610\ud55c \uc6d0\uc790\uc7ac \uc2dc\uc7a5\uc744 \uc8fc\ubaa9\ud574\uc57c \ud569\ub2c8\ub2e4. \ub77c\ud2f4\uc544\uba54\ub9ac\uce74\ub294 \uc138\uacc4 \uacbd\uc81c\uc5d0\uc11c \uc911\uc694\ud55c \uc704\uce58\ub97c \ucc28\uc9c0\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<br>\uce60\ub808\uc640 \ud398\ub8e8\ub294 \uc138\uacc4 \uad6c\ub9ac \uc0dd\uc0b0\uc758 \uc57d 3\ubd84\uc758 1\uc744 \ucc28\uc9c0\ud569\ub2c8\ub2e4. \uc544\ub974\ud5e8\ud2f0\ub098, \ubcfc\ub9ac\ube44\uc544, \uce60\ub808\ub294 \uc804 \uc138\uacc4 \ub9ac\ud2ac \uc790\uc6d0\uc758 \uc808\ubc18 \uc815\ub3c4\ub97c \ubcf4\uc720\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ube0c\ub77c\uc9c8\uc740 \ucca0\uad11\uc11d \uac15\uad6d\uc785\ub2c8\ub2e4. \ubca0\ub124\uc218\uc5d8\ub77c\ub294 \uc138\uacc4 \ucd5c\ub300 \uc218\uc900\uc758 \uc11d\uc720 \ub9e4\uc7a5\ub7c9\uc744 \ubcf4\uc720\ud558\uace0 \uc788\uc73c\uba70 \uc544\ub974\ud5e8\ud2f0\ub098\uc640 \ube0c\ub77c\uc9c8\uc758 \ub18d\uc5c5\uc740 \uc138\uacc4 \uc2dd\ub7c9 \uc548\ubcf4\uc5d0 \uc911\uc694\ud55c \uc5ed\ud560\uc744 \ud569\ub2c8\ub2e4.<br>\uc9c0\uc815\ud559\uacfc \uc815\uce58 \ubcc0\ud654\ub294 \uace7\ubc14\ub85c \uac00\uaca9\uc5d0 \ubc18\uc601\ub429\ub2c8\ub2e4. \ub77c\ud2f4\uc544\uba54\ub9ac\uce74 \uc790\uc0b0\uc740 \uc774\ubbf8 \uc7ac\ud3c9\uac00\ub418\uae30 \uc2dc\uc791\ud588\uc2b5\ub2c8\ub2e4.<br>\uc544\ub974\ud5e8\ud2f0\ub098\ub294 \uc6d0\uc790\uc7ac\ubfd0 \uc544\ub2c8\ub77c \uac1c\ud601\uacfc \uc7ac\uc815 \ubc0f \uacbd\uc0c1\uc218\uc9c0 \ud751\uc790\ub77c\ub294 \uae30\ubc18\uc744 \uac16\uace0 \uc788\uae30 \ub54c\ubb38\uc5d0 \uc911\uc694\ud55c \uc704\uce58\uc5d0 \uc788\uc2b5\ub2c8\ub2e4. \uc544\uc9c1 \uc2dc\uc7a5 \uac00\uaca9\uc740 \uc774\ub7ec\ud55c \uad6c\uc870\uc801 \ubcc0\ud654\ub97c \ucda9\ubd84\ud788 \ubc18\uc601\ud558\uc9c0 \ubabb\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<br>\uad6d\uac00\uc704\ud5d8\uc9c0\uc218\uac00 \ube60\ub974\uac8c 400bp\ub85c \ub5a8\uc5b4\uc9c0\uc9c0 \uc54a\ub294 \uc774\uc720\ub294 \uc2dc\uc7a5\uc774 \uacbd\uc81c \ud68c\ubcf5\uc744 \ud655\uc778\ud558\ub824 \ud558\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4. \uac70\ub9ac \uc2dc\uc704\ub85c \uc778\ud574 \ub178\ub3d9\uac1c\ud601\uacfc \ud5a5\ud6c4 \uac1c\ud601\uc774 \uc911\ub2e8\ub418\uc9c0 \uc54a\ub3c4\ub85d \uacbd\uc81c\uac00 \uc2e4\uc81c\ub85c \ud68c\ubcf5\ub418\ub294\uc9c0 \ud655\uc778\ud558\ub824\ub294 \uac83\uc785\ub2c8\ub2e4.<br>\uc218\uc785 \uc81c\ud55c\ub3c4 \uc77c\ubd80\ub294 \ud544\uc694\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc644\uc804\ud55c \ucc28\ub2e8\uc774 \uc544\ub2c8\ub77c \uc77c\uc815\ud55c \uade0\ud615\uc744 \uc720\uc9c0\ud558\ub294 \uc815\ucc45\uc774 \ud544\uc694\ud569\ub2c8\ub2e4. \ubb3c\uac00 \uc548\uc815, \ud6a8\uc728\uc131, \uacbd\uc7c1\ub825, \uadf8\ub9ac\uace0 \uad6d\ub0b4 \uc0b0\uc5c5 \ubcf4\ud638 \uc0ac\uc774\uc758 \uade0\ud615\uc774 \uc911\uc694\ud569\ub2c8\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uacb0\ub860 2<br>\ub77c\ud2f4\uc544\uba54\ub9ac\uce74 \uc804\uccb4\ub3c4 \uae0d\uc815\uc801\uc774\uc9c0\ub9cc \ud2b9\ud788 \uc544\ub974\ud5e8\ud2f0\ub098\ub294 \ub354 \ud070 \uae30\ud68c\uac00 \uc788\uc2b5\ub2c8\ub2e4. \uc790\uc0b0 \uac00\uaca9\uc774 \uc544\uc9c1 \ub0ae\uae30 \ub54c\ubb38\uc5d0 \uc218\uc775\ub960 \ud558\ub77d\uacfc \ud568\uaed8 \uc120\uc21c\ud658\uc774 \ubc1c\uc0dd\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<br>\uc774 \uacbd\uc6b0 \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\ub294 400bp \uc218\uc900\uae4c\uc9c0 \ud558\ub77d\ud558\uace0 \uc544\ub974\ud5e8\ud2f0\ub098 \uc8fc\uc2dd\uc740 \ub2ec\ub7ec \uae30\uc900 \ucd5c\uc18c 20% \uc0c1\uc2b9\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uba54\ub974\ubc1c \uc9c0\uc218\ub294 \uc544\uc9c1 2025\ub144 1\uc6d4 \uace0\uc810\uc744 \ud68c\ubcf5\ud558\uc9c0 \ubabb\ud588\uc2b5\ub2c8\ub2e4.<br>\ub9cc\uc57d \uac1c\ud601\uc774 \uc9c4\ud589\ub418\uace0 \uae08\ub9ac\uac00 \ud558\ub77d\ud558\uba70 \uacbd\uc81c \ud68c\ubcf5 \uc0ac\uc774\ud074\uc774 \uc2dc\uc791\ub41c\ub2e4\uba74 \ub300\ubd80\ubd84\uc758 \uc790\uc0b0 \uac00\uaca9\uc774 \uc0c1\uc2b9\ud560 \uac83\uc785\ub2c8\ub2e4.<br>\ubc18\ub300\ub85c \uac1c\ud601\ub9cc \uc9c4\ud589\ub418\uace0 \uacbd\uc81c\uac00 \ud68c\ubcf5\ub418\uc9c0 \uc54a\ub294\ub2e4\uba74 \uc0c1\uc2b9\ud558\ub294 \uc790\uc0b0\uc740 \uc81c\ud55c\ub420 \uac83\uc785\ub2c8\ub2e4. \uadf8 \uacbd\uc6b0 \uc0c1\uc2b9 \uac00\ub2a5\uc131\uc774 \ud070 \uc5c5\uc885\uc740 \uc11d\uc720\u00b7\uac00\uc2a4, \ub18d\uc5c5, \ud76c\uadc0 \uad11\ubb3c \ubd84\uc57c\uc785\ub2c8\ub2e4.<br>BCRA\uc758 \uc678\ud658\ubcf4\uc720\uc561 \uc99d\uac00\uc640 \uc7ac\uc815\u00b7\uacbd\uc0c1\uc218\uc9c0 \ud751\uc790\ub294 \uc2dc\uc7a5 \uc0c1\uc2b9\uc758 \uc8fc\uc694 \ub3d9\ub825\uc774 \ub420 \uac83\uc785\ub2c8\ub2e4. \ub2e4\ub9cc \uc0c1\uc2b9\uc774 \uc2dc\uc7a5 \uc804\uccb4\uc5d0\uc11c \ub098\ud0c0\ub0a0\uc9c0 \uc544\ub2c8\uba74 \uc77c\ubd80 \uc5c5\uc885\uc5d0\ub9cc \uc9d1\uc911\ub420\uc9c0\ub294 \uc544\uc9c1 \ud655\uc2e4\ud558\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4.<br>\ud604\uc7ac \uc704\ud5d8\uc790\uc0b0 \ud22c\uc790\ub294 \uc120\ud0dd\uc801 \uc811\uadfc\uc774 \ud544\uc694\ud569\ub2c8\ub2e4. \uc815\ubd80\uac00 \uc5b8\uc81c \uc5b4\ub5a4 \ubc29\uc2dd\uc73c\ub85c \uacbd\uc81c \ud65c\ub3d9\uc744 \ud68c\ubcf5\uc2dc\ud0ac\uc9c0 \uba85\ud655\ud55c \uc2e0\ud638\ub97c \uc8fc\uae30 \uc804\uae4c\uc9c0\ub294 \uc804\ub7b5\uc801 \uc790\uc0b0\uc5d0 \uc9d1\uc911\ud558\ub294 \uac83\uc774 \uc88b\uc2b5\ub2c8\ub2e4.<br>\uc544\ub974\ud5e8\ud2f0\ub098 \uc678\uc5d0\ub3c4 \uae30\ud68c\uac00 \uc788\ub294 \uad6d\uac00\ub294 \ucf5c\ub86c\ube44\uc544\uc785\ub2c8\ub2e4. \ud398\ud2b8\ub85c \ub300\ud1b5\ub839\uc758 \uc784\uae30\uac00 2026\ub144 8\uc6d4\uc5d0 \ub05d\ub098\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4. \ub9cc\uc57d \ub77c\ud2f4\uc544\uba54\ub9ac\uce74\uc5d0\uc11c \uc790\uc720\uc2dc\uc7a5 \uc131\ud5a5\uc758 \uc815\uce58 \ud750\ub984\uc774 \ud655\uc0b0\ub41c\ub2e4\uba74 \ucf5c\ub86c\ube44\uc544 \uc790\uc0b0 \uac00\uaca9\ub3c4 \uc0c1\uc2b9\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<br>\ud604\uc7ac S&amp;P500\uc758 \ubc38\ub958\uc5d0\uc774\uc158\uc740 \uc57d 22\ubc30\uc774\uba70 \ub450 \ub2ec \uc804\uc5d0\ub294 23\ubc30\uc600\uc2b5\ub2c8\ub2e4. \uadf8 \uc0ac\uc774 \uc9c0\uc218\ub294 \uc57d 3% \uc0c1\uc2b9\ud588\uc2b5\ub2c8\ub2e4.<br>\uc544\ub974\ud5e8\ud2f0\ub098 \uc790\uc0b0\uc5d0 \ub300\ud574\uc11c\ub294 \uc120\ud0dd\uc801 \ud22c\uc790 \uc804\ub7b5\uc744 \uc720\uc9c0\ud558\uba74\uc11c \uae0d\uc815\uc801\uc73c\ub85c \ubcf4\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc815\ubd80\ub294 \uad6c\uc870\uc801\uc778 \ubcc0\ud654\ub97c \ucd94\uc9c4\ud558\uace0 \uc788\uc73c\uba70 \uc190\uc2e4\uc740 \uc2dc\uac04\uc774 \uac78\ub9ac\ub354\ub77c\ub3c4 \ud68c\ubcf5\ub420 \uac00\ub2a5\uc131\uc774 \uc788\uc2b5\ub2c8\ub2e4. \ub2e4\ub9cc \uadf8 \uacfc\uc815\uc740 \uc0c1\ub2f9\ud55c \ubcc0\ub3d9\uc131\uc744 \ub3d9\ubc18\ud560 \uac83\uc785\ub2c8\ub2e4.<br>\ubcf4\uc218\uc801\uc778 \ud22c\uc790\uc790\ub294 Saving \ud380\ub4dc\uac00 \uc801\ud569\ud569\ub2c8\ub2e4. \uadf8 \uc678 \ud22c\uc790\uc790\ub294 MultiStrategy\uc640 Equity \ud380\ub4dc\uc5d0 \uba38\ubb34\ub294 \uac83\ub3c4 \uad1c\ucc2e\uc2b5\ub2c8\ub2e4. \ud604\uc7ac \uc190\uc2e4\uc774 \uc788\ub354\ub77c\ub3c4 \uc7a5\uae30\uc801\uc73c\ub85c\ub294 \ud380\ub354\uba58\ud138\uc774 \ud68c\ubcf5\uc744 \ub4b7\ubc1b\uce68\ud560 \uac00\ub2a5\uc131\uc774 \uc788\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4.<br>\uc5b8\uc81c \uc0c1\uc2b9\uc774 \uc2dc\uc791\ub420\uc9c0\ub294 \uc815\ud655\ud788 \uc54c \uc218 \uc5c6\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uc704\ud5d8 \ud504\ub85c\ud544\uc744 \ubc14\uafb8\uc9c0 \uc54a\uace0 \ud604\uc7ac \uc218\uce58\ub9cc \ubc14\ub77c\ubcf4\uace0 \uc788\uc73c\uba74 \uad6c\uc870\uc801 \ubcc0\ud654\uc758 \uae30\ud68c\ub97c \ub193\uce60 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\uc774 \uae00\uc740 Wise Capital \ud22c\uc790\ud68c\uc0ac\uac00 \uc791\uc131\ud55c \uac83\uc785\ub2c8\ub2e4.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\uc5b4\ub514\uc5d0 \ud22c\uc790\ud574\uc57c \ud558\ub294\uac00 ? 2026\ub144\uc740 \uc804\ud658\uc810\uc774 \ub418\ub294 \ud574\uc785\ub2c8\ub2e4.\ud574\uace0\uac00 \ubc1c\uc0dd\ud558\ub294 \uac83\uc740 \uc5b4\ub290 \uc815\ub3c4 \uc608\uce21\ub41c \uc77c\uc774\uc5c8\uc2b5\ub2c8\ub2e4. \uacbd\uc81c \ubaa8\ub378\uc774 \ubcc0\ud654\ud558\uace0 \uc788\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4. \uc218\uc785\uc740 \uc99d\uac00\ud558\uace0 \uc790\ubcf8\uc740 \uc7ac\ubc30\uce58\ub420 \uac83\uc785\ub2c8\ub2e4. \uc774 \uacfc\uc815\uc5d0\uc11c \uacbd\uc81c \ud65c\ub3d9\uc740 \uc77c\uc2dc\uc801\uc73c\ub85c \uc815\uccb4\ub429\ub2c8\ub2e4.\ud558\uc9c0\ub9cc \uc911\uc694\ud55c \uac83\uc740 \uc5d0\ub108\uc9c0, \uad11\uc5c5, \ub18d\uc5c5\uacfc \uac19\uc774 \uc218\uc775\uc131\uacfc \uacbd\uc7c1\ub825\uc744 \uac00\uc9c4 \ubd84\uc57c\ub4e4\uc774 \uc874\uc7ac\ud55c\ub2e4\ub294 \uc810\uc785\ub2c8\ub2e4.\uacbd\uc81c\uac00 \ub3c4\uc57d\ud558\uace0 \uc8fc\uc2dd\uc774 \uc0c1\uc2b9\ud558\ub824\uba74 \ub514\uc2a4\uc778\ud50c\ub808\uc774\uc158\uc774 \uacc4\uc18d \uc9c4\ud589\ub418\uace0 \uae08\ub9ac\uac00 \ud558\ub77d\ud558\uba70 \uacbd\uc81c \ud65c\ub3d9\uc774 \ub2e4\uc2dc \uc0c1\uc2b9 \uacbd\ub85c\ub85c \ub3cc\uc544\uc640\uc57c \ud569\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uacfc\uc815\uacfc \ud568\uaed8 BCRA(\uc544\ub974\ud5e8\ud2f0\ub098 \uc911\uc559\uc740\ud589)\uc758 \uc678\ud658\ubcf4\uc720\uc561 \uc99d\uac00\uc640 \uc7ac\uc815 \ud751\uc790\uc758 \uac15\ud654\uac00 \uc774\ub8e8\uc5b4\uc9c4\ub2e4\uba74 \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\ub294 400bp \uc218\uc900\uae4c\uc9c0 \ub0ae\uc544\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\uadf8\ub7ec\ub098 \uc774 \uacfc\uc815\uc740 \uc9c1\uc120\uc801\uc73c\ub85c \uc9c4\ud589\ub418\uc9c0 \uc54a\uc744 \uac83\uc785\ub2c8\ub2e4. \ubcc0\ub3d9\uc131\uc774 \ud070 \uc2dc\uc7a5\uc774 \ub420 \uac00\ub2a5\uc131\uc774 \ub192\uc2b5\ub2c8\ub2e4.\ubcf4\uc218\uc801\uc778 \ud22c\uc790\uc790\ub77c\uba74 \uad6d\ucc44\ud615 \ud380\ub4dc\uc5d0 \uba38\ubb34\ub294 \uac83\uc774 \uc88b\uc2b5\ub2c8\ub2e4. \uc704\ud5d8\uc790\uc0b0\uc740 \uacb0\uad6d \uc0c1\uc2b9\ud558\uaca0\uc9c0\ub9cc \uadf8 \uacfc\uc815\uc5d0\uc11c \uac10\uc815\uc801\uc778 \ud070 \ub4f1\ub77d\uc774 \ubc18\ubcf5\ub420 \uac83\uc785\ub2c8\ub2e4.6\uc6d4 \uc774\uc804\uc5d0 \ud398\uc18c\ud654\ub97c \uc0ac\uc6a9\ud560 \uacc4\ud68d\uc774\ub77c\uba74 Saving \ud380\ub4dc\uc5d0 \uba38\ubb34\ub294 \uac83\uc774 \uc911\uc694\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uadf8\ub807\uc9c0 \uc54a\ub2e4\uba74 Multy, Equity, Legacy \ud380\ub4dc\ub3c4 \uc88b\uc740 \uc120\ud0dd\uc785\ub2c8\ub2e4.\ubb38\uc81c \uac00\ub2a5\uc131\ub3c4 \ud56d\uc0c1 \uc874\uc7ac\ud569\ub2c8\ub2e4. \uac00\uc7a5 \uc911\uc694\ud55c \uc704\ud5d8\uc740 \uc544\ub974\ud5e8\ud2f0\ub098\uac00 \ucc44\ubb34 \ub9cc\uae30\ub97c \uc7ac\uc735\uc790\ud558\uc9c0 \ubabb\ud558\ub294 \uc0c1\ud669\uc785\ub2c8\ub2e4. \ud604\uc7ac\ub85c\uc11c\ub294 \uadf8 \uac00\ub2a5\uc131\uc774 \uc2dc\uc7a5\uc758 \uc8fc\uc694 \uc2dc\ub098\ub9ac\uc624\ub294 \uc544\ub2d9\ub2c8\ub2e4.\ubbf8\uad6d \uacbd\uc81c\uac00 \uc608\uc0c1\ubcf4\ub2e4 \ub0ae\uc740 \uc131\uc7a5\ub960(1.4%)\uc744 \uae30\ub85d\ud558\uba74\uc11c \uc5f0\uc900\uc774 \uae08\ub9ac\ub97c \uc778\ud558\ud574\uc57c \ud55c\ub2e4\ub294 \uc555\ub825\uc774 \ucee4\uc9c0\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uae08\ub9ac \uc778\ud558\ub294 25bp\uac00 \uc544\ub2c8\ub77c 50bp\uac00 \ub420 \uac00\ub2a5\uc131\ub3c4 \uc788\uc73c\uba70, \uc804\uccb4\uc801\uc73c\ub85c 75bp \uc815\ub3c4 \uc778\ud558\uac00 \uc774\ub8e8\uc5b4\uc9c8 \uac00\ub2a5\uc131\ub3c4 \uc788\uc2b5\ub2c8\ub2e4.\uc774\ub7ec\ud55c \uc0c1\ud669\uc740 \ub2ec\ub7ec \uc2dc\uc7a5\uc5d0\ub294 \uc548\uc815 \uc694\uc18c\uac00 \ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub610\ud55c \uc62c\ud574 RIGI \ud22c\uc790 \ud504\ub85c\uadf8\ub7a8\uc744 \ud1b5\ud574 \uc57d 60\uc5b5 \ub2ec\ub7ec\uac00 \uc720\uc785\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4. \uc5ec\uae30\uc5d0 \uc57d 140\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ubb34\uc5ed\ud751\uc790\uac00 \ub354\ud574\uc9c0\uba74 \uc678\ud658\uc2dc\uc7a5 \uc548\uc815\uc5d0 \ub3c4\uc6c0\uc774 \ub420 \uac83\uc785\ub2c8\ub2e4.\ud558\uc9c0\ub9cc \uc678\ud658\ubcf4\uc720\uc561 \ud655\ucda9, \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ub2ec\ub7ec\ud654, \ucc44\ubb34 \uc0c1\ud658\uc744 \uace0\ub824\ud558\uba74 \uc57d 70\uc5b5 \ub2ec\ub7ec \uc815\ub3c4\uc758 \ubd80\uc871\ubd84\uc774 \ubc1c\uc0dd\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4.\ubb38\uc81c \uac00\ub2a5\uc131\uc744 \uacfc\uc18c\ud3c9\uac00\ud574\uc11c\ub294 \uc548 \ub429\ub2c8\ub2e4. \uc7ac\uc815 \uc815\ucc45\uc774 \uae34\ucd95\uc801\uc774\uace0 \ud1b5\ud654 \uc815\ucc45\uc774 \uc774\ub97c \ucda9\ubd84\ud788 \ubcf4\uc644\ud558\uc9c0 \ubabb\ud55c\ub2e4\uba74 \uc815\ubd80\uac00 \uacbd\uc81c\ub97c \ube60\ub974\uac8c \ud68c\ubcf5\uc2dc\ud0a4\uae30 \uc704\ud55c \uc815\ucc45 \uc218\ub2e8\uc774 \uc81c\ud55c\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc0c1\ud669\uc5d0\uc11c\ub294 \uc0ac\ud68c\uc801 \ubd88\ub9cc\uc774 \uc810\ucc28 \uac70\ub9ac \uc2dc\uc704\ub85c \ub098\ud0c0\ub0a0 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\ud765\ubbf8\ub85c\uc6b4 \uc810\uc740 \ucd5c\uadfc BCRA\uac00 \ucc44\uad8c\uc744 \ub9e4\uc785\ud574 \uc9c0\ub09c\uc8fc \uc720\ub3d9\uc131 \ubd80\uc871 \uc0c1\ud669\uc744 \uc644\ud654\ud588\ub2e4\ub294 \uac83\uc785\ub2c8\ub2e4. \uc774\ub294 \uae08\ub9ac\uc5d0 \uc0c1\ud55c\uc744 \uc124\uc815\ud558\uace0 \ubcc0\ub3d9\uc131\uc744 \uc904\uc774\ub824\ub294 \uc2e0\ud638\ub85c \ud574\uc11d\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub2e4\uc2dc \ub9d0\ud574 \ud1b5\ud654 \uc815\ucc45\uc774 \ud604\uc7ac\ubcf4\ub2e4 \ub35c \uae34\ucd95\uc801\uc73c\ub85c \ubcc0\ud560 \uac00\ub2a5\uc131\uc744 \uc758\ubbf8\ud569\ub2c8\ub2e4. \uc774\ub294 \uacbd\uc81c \ud65c\ub3d9\uc744 \uac1c\uc120\ud558\uace0 \uae08\uc735 \uc2dc\uc2a4\ud15c\uc758 \uc5f0\uccb4\uc728\uc744 \ub0ae\ucd94\ub294 \ub370 \ub3c4\uc6c0\uc774 \ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\ub300\uc678 \ud658\uacbd\ub3c4 \uc27d\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \ud2b9\ud788 \ud2b8\ub7fc\ud504 \uad00\ub828 \uc815\ucc45\uc740 \ud56d\uc0c1 \ubcc0\uc218\uac00 \ub429\ub2c8\ub2e4. \ubbf8\uad6d \ub300\ubc95\uc6d0\uc774 \uad00\uc138\ub97c \ubb34\ud6a8\ud654\ud558\uace0 \ub300\ud1b5\ub839\uc774 \uc0c8\ub85c\uc6b4 \uad00\uc138\ub97c \uc124\uc815\ud558\uba74\uc11c \ud589\uc815\ubd80\uc640 \uc0ac\ubc95\ubd80 \uac04\uc758 \uac08\ub4f1\uc774 \ubc1c\uc0dd\ud588\uc2b5\ub2c8\ub2e4.\uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc774\ub7f0 \uc0c1\ud669\uc744 \uc88b\uc544\ud558\uc9c0 \uc54a\uc9c0\ub9cc, \ub9cc\uc57d \uc77c\ubd80 \uad00\uc138\uac00 \ucca0\ud68c\ub41c\ub2e4\uba74 \uc791\ub144 \uc2dc\uc7a5\uc744 \ubd88\uc548\ud558\uac8c \ub9cc\ub4e4\uc5c8\ub358 \uc694\uc778 \uc911 \ud558\ub098\uac00 \uc644\ud654\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uacb0\ub860 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