{"id":11938,"date":"2026-03-26T17:45:46","date_gmt":"2026-03-26T20:45:46","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=11938"},"modified":"2026-03-26T17:45:47","modified_gmt":"2026-03-26T20:45:47","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c03%ec%9b%94-26%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=11938","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(03\uc6d4 26\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. \uc7ac\ubb34\uccad, \ub2ec\ub7ec \uc870\ub2ec\uacfc \ud398\uc18c \ubd80\ucc44 \uad50\ud658 \ucd94\uc9c4
    \uacbd\uc81c\ubd80\ub294 \uc774\ubc88 \uae08\uc694\uc77c 3\uc6d4 \ub9cc\uae30\uac00 \ub418\ub294 \ud398\uc18c \ud45c\uc2dc \ubd80\ucc44\ub97c \uc0c1\ud658\ud558\uace0, \uc5f0\uc911 \uc608\uc815\ub41c \uc678\ud654 \ucc44\uad8c \uc9c0\uae09\uc744 \uc55e\ub450\uace0 \uc678\ud658\ubcf4\uc720\uc561\uc744 \uac15\ud654\ud558\uae30 \uc704\ud55c \ud575\uc2ec \uae08\uc735 \uc870\uce58\ub97c \uc2dc\ud589\ud560 \uc608\uc815\uc774\ub2e4. \ub8e8\uc774\uc2a4 \uce74\ud478\ud1a0\uac00 \uc774\ub044\ub294 \uacbd\uc81c\ud300\uc740 2028\ub144 \ub9cc\uae30\uc758 \uc0c8\ub85c\uc6b4 \ub2ec\ub7ec \ucc44\uad8c \ubc1c\ud589\uacfc AO27 \ucc44\uad8c \uc7ac\uac1c\ub97c \ubc1c\ud45c\ud588\uc73c\uba70, \uc57d 2\uc5b55\ucc9c\ub9cc \ub2ec\ub7ec\ub97c \uc5f0 6% \uc218\uc900\uc758 \uae08\ub9ac\ub85c \uc870\ub2ec\ud558\ub294 \uac83\uc744 \ubaa9\ud45c\ub85c \ud55c\ub2e4. \ub3d9\uc2dc\uc5d0 \uc7ac\ubb34\uccad\uc740 6\uc6d4 \ub9cc\uae30 \ubb3c\uac00\uc5f0\ub3d9\ucc44 \uad50\ud658\uc744 \uc2e4\uc2dc\ud574 \uc57d 2\uc8704\ucc9c\uc5b5 \ud398\uc18c \uaddc\ubaa8\uc758 \uc794\uc874 \ucc44\uad8c\uc744 \uc815\ub9ac\ud558\ub824 \ud55c\ub2e4.
    \ud22c\uc790\uc790\ub4e4\uc740 \ub2e8\uae30 \uace0\uc815\uae08\ub9ac \uc0c1\ud488 \ub610\ub294 2029\ub144\uae4c\uc9c0 \ub9cc\uae30\ub97c \uc5f0\uc7a5\ud55c CER(\ubb3c\uac00\uc5f0\ub3d9) \ucc44\uad8c \uc911 \uc120\ud0dd\ud560 \uc218 \uc788\uc73c\uba70, \uc774\ub97c \ud1b5\ud574 \uc815\ubd80\ub294 \uc0c1\ud658 \ub9cc\uae30\ub97c \ub298\ub9ac\uace0 \uc2dc\uc911\uc758 \ucd08\uacfc \uc720\ub3d9\uc131\uc744 \ud761\uc218\ud558\ub824 \ud55c\ub2e4. \uc774\ubc88 \uc785\ucc30\uc5d0\ub294 \uace0\uc815\uae08\ub9ac Lecap, \ub2ec\ub7ec \uc5f0\ub3d9 \ucc44\uad8c, \ubb3c\uac00\uc5f0\ub3d9 \ucc44\uad8c \ub4f1\uc774 \ud3ec\ud568\ub418\uba70, \uc774\ub294 \uad6d\uc81c \uc2e0\uc6a9 \ubd80\uc871 \uc18d\uc5d0\uc11c \uad6d\ub0b4 \uae08\uc735\uc2dc\uc7a5 \uc758\uc874\ub3c4\uac00 \ub192\ub2e4\ub294 \uc810\uc744 \ubc18\uc601\ud55c\ub2e4. \uc815\ubd80\ub294 \uae00\ub85c\ubc8c \uae08\ub9ac \ud558\ub77d \ud750\ub984\uc744 \ud65c\uc6a9\ud558\uace0 \uc788\uc73c\ub098, \uc778\ud50c\ub808\uc774\uc158 \ub454\ud654 \uc18d\ub3c4\uc5d0 \ub300\ud55c \uc758\uad6c\uc2ec \ub54c\ubb38\uc5d0 \ubb3c\uac00 \ud5e4\uc9c0 \uc218\uc694\ub294 \uc5ec\uc804\ud788 \uacac\uace0\ud558\ub2e4.
    \uc774 \uc870\uce58\ub97c \ud1b5\ud574 \uacbd\uc81c\ud300\uc740 \uc7ac\uc815 \uade0\ud615 \uc720\uc9c0\uc640 \uc911\uc559\uc740\ud589\uc758 \ud1b5\ud654 \ud761\uc218 \uc815\ucc45\uc744 \uc9c0\uc6d0\ud558\uae30 \uc704\ud55c \ud575\uc2ec \ucd95\uc73c\ub85c \uad6d\ub0b4 \uae08\uc735\uc2dc\uc7a5\uc744 \uac15\ud654\ud558\uaca0\ub2e4\ub294 \uc804\ub7b5\uc744 \uc7ac\ud655\uc778\ud588\ub2e4.
    El Cronista \uc9c0\uc5d0 \uac8c\uc7ac\ub41c \ubd84\uc11d\uc5d0 \ub530\ub974\uba74
    \u201c\uc774 \uad6c\uc131\uc740 \uc815\ubd80\uac00 \uc120\uac70 \uc774\ud6c4\uae4c\uc9c0 \ub9cc\uae30\ub97c \uc5f0\uc7a5\ud558\ub824\ub294 \uc758\ub3c4\ub97c \ubd84\uba85\ud788 \ubcf4\uc5ec\uc8fc\uba70, TX26 \ucc44\uad8c\uc744 2027\ub144 8\uc6d4, 2028\ub144 3\uc6d4, 2029\ub144 3\uc6d4 \ub9cc\uae30\uc758 \uc138 \ucc44\uad8c\uc73c\ub85c \uc804\ud658\ud558\ub294 \uc635\uc158\ub3c4 \ud3ec\ud568\ub418\uc5b4 \uc788\ub2e4.\u201d<\/li>\n\n\n\n
  2. \uad6d\uac00\uc704\ud5d8\uc9c0\uc218 600bp \uc544\ub798 \ud558\ub77d
    \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\ub294 \uc804\uc77c \uc2ec\ub9ac\uc801 \uae30\uc900\uc120\uc778 600bp \uc544\ub798\ub85c \ub0b4\ub824\uac00 595bp\ub85c \ub9c8\uac10\ud558\uba70, \uc8fc\uac04 \ub204\uc801 14bp \ud558\ub77d \uc18d\uc5d0 \uae0d\uc815\uc801 \ud750\ub984\uc744 \uc774\uc5b4\uac14\ub2e4. \uad6d\ucc44\ub294 \uc804 \uad6c\uac04\uc5d0\uc11c \uc0c1\uc2b9\ud588\uc73c\uba70, \ud2b9\ud788 \ub2e8\uae30 \ubc0f \uc911\uae30 \uad6c\uac04\uc5d0\uc11c \uac15\ud55c \uc131\uacfc\uac00 \ub450\ub4dc\ub7ec\uc84c\ub2e4.
    \uc6d4\uac00\uc5d0\uc11c\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uae30\uc5c5 \uc8fc\uc2dd\uc774 \uc0c1\uc2b9\uc138\ub97c \ubcf4\uc600\ub294\ub370, \uc774\ub294 \uae00\ub85c\ubc8c \uae08\uc735\ud658\uacbd \uac1c\uc120\uacfc \uad6d\ub0b4 \uae08\ub9ac \uaca9\ucc28 \ucd95\uc18c\uc758 \uc601\ud5a5\uc774\ub2e4. \uc774\ub7ec\ud55c \ud22c\uc790\uc2ec\ub9ac \uac1c\uc120 \uc18d\uc5d0\uc11c S&P \uba54\ub974\ubc1c \uc9c0\uc218\ub294 \ub2ec\ub7ec \uae30\uc900 2.19% \uc0c1\uc2b9\ud588\ub2e4. \uc804\ubc18\uc801\uc73c\ub85c \uae08\uc735 \uc815\uc0c1\ud654 \ud750\ub984 \uc18d\uc5d0\uc11c \uc8fc\uc2dd\uc2dc\uc7a5 \ud68c\ubcf5\uc138\uac00 \ud655\uc778\ub418\uace0 \uc788\ub2e4.
    \uc8fc\uac04 \ud750\ub984\uc744 \ubcf4\uba74 \uacf5\uacf5\ucc44\uad8c\uc740 \uc7a5\uae30\ubb3c\uc5d0\uc11c\ub3c4 \uc0c1\uc2b9\uc744 \uc720\uc9c0\ud558\uba70 \uc804\ubc18\uc801\uc73c\ub85c \uc720\ub9ac\ud55c \ubaa8\uc2b5\uc744 \ubcf4\uc600\ub2e4.
    Infobae \uc9c0\uc758 \ubcf4\ub3c4\uc5d0 \ub530\ub974\uba74,
    \u201cLecap\uacfc Boncap \uc218\uc775\ub960\uc740 \uc5f0 30% \uc774\ud558\ub85c \ub0b4\ub824\uc654\uc73c\uba70, \uc774\ub294 \uc911\uc559\uc740\ud589 REM (\uc2dc\uc7a5\uae30\ub300\uc9c0\uc218) \uc870\uc0ac\uc5d0\uc11c \uc608\uc0c1\ud55c \uc778\ud50c\ub808\uc774\uc158\uc744 \ud558\ud68c\ud558\ub294 \uc218\uc900\uc774\ub2e4. \uacbd\uc81c\ud300\uc740 4\uc6d4 \ub300\ub450 \uc218\ucd9c \ub2ec\ub7ec \uc720\uc785\uc774 \ud658\uc728 \ubcc0\ub3d9\uc744 \uc644\ud654\uc2dc\ucf1c \uae08\ub9ac \ud558\ub77d\uc744 \uc9c0\uc18d\uc2dc\ud0a4\uace0 \uacbd\uc81c \ud65c\ub3d9\uc744 \uc790\uadf9\ud560 \uac83\uc73c\ub85c \ubcf4\uace0 \uc788\ub2e4.\u201d<\/li>\n\n\n\n
  3. \uc815\ubd80, \ud658\uc728 \uc548\uc815 \uc18d \uae08\ub9ac \uc778\ud558 \uac00\uc18d
    \ub3c4\ub9e4 \ud658\uc728\uc740 1,377.50\ud398\uc18c\ub85c \ud558\ub77d\ud588\uc73c\uba70, \uae08\uc735\uc2dc\uc7a5 \ud658\uc728\uc778 MEP\uc640 CCL\ub3c4 \uac01\uac01 1,404.50, 1,453.16\uc73c\ub85c \ub9c8\uac10\ud588\ub2e4. \uc774\ub7ec\ud55c \u2018\ud658\uc728 \uc548\uc815\u2019 \ud750\ub984\uc73c\ub85c \ud658\uc728\uc740 \uc0c1\ub2e8 \ubc34\ub4dc \ub300\ube44 20% \ub0ae\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud558\uba70 \uc5f0\ucd08 \ub300\ube44 5% \ud558\ub77d\ud588\ub2e4.
    \uacbd\uc81c\ubd80\uc640 \uc911\uc559\uc740\ud589\uc740 \uc774 \uc548\uc815 \ud658\uacbd\uc744 \ud65c\uc6a9\ud574 \uae08\ub9ac \uc778\ud558\ub97c \ub354\uc6b1 \ucd94\uc9c4\ud558\uace0 \uc788\ub2e4. \uc774\ub294 \ud398\uc18c \ud45c\uc2dc \ubd80\ucc44 \ube44\uc6a9\uc744 \ub0ae\ucd94\uace0 \uc0dd\uc0b0\uc801 \uc2e0\uc6a9 \ud655\ub300\ub97c \uc720\ub3c4\ud558\uae30 \uc704\ud55c \uac83\uc774\ub2e4. \uad6d\uc601\uc740\ud589\uc778 Banco Naci\u00f3n\uc740 \uc815\uae30\uc608\uae08 \uae08\ub9ac\ub97c 24%\uc5d0\uc11c 23%\ub85c \uc778\ud558\ud558\uba70 \uae08\uc735\uad8c \uc804\ubc18\uc5d0 \uc2e0\ud638\ub97c \ubcf4\ub0c8\ub2e4.
    \uc774 \uc804\ub7b5\uc740 \uc740\ud589 \ub300\ucd9c\uc744 \uacbd\uc81c \ud65c\uc131\ud654\uc758 \ud575\uc2ec \ub3d9\ub825\uc73c\ub85c \uc7ac\uc815\ube44\ud558\ub824\ub294 \uac83\uc73c\ub85c, \uc9c0\ub09c\ud574 \uc0c1\ubc18\uae30 \uac15\ud55c \uc2e0\uc6a9 \ud655\ub300 \ud750\ub984\uc744 \uc7ac\ud604\ud558\ub824\ub294 \uc758\ub3c4\ub2e4.<\/li>\n\n\n\n
  4. \uc911\uc559\uc740\ud589, \ub2ec\ub7ec \ub9e4\uc218 \uc9c0\uc18d\u2026\uc5f0\uac04 \ubaa9\ud45c \uc57d 40% \ub2ec\uc131
    \uc911\uc559\uc740\ud589\uc740 \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c \ub2ec\ub7ec \uc21c\ub9e4\uc218\ub97c \uc774\uc5b4\uac00\uba70 50\uc77c \uc774\uc0c1 \uc5f0\uc18d \ub9e4\uc218\ub77c\ub294 \uae30\ub85d\uc744 \ub2ec\uc131\ud588\ub2e4. \uc62c\ud574 \ub204\uc801 37\uc5b56,100\ub9cc \ub2ec\ub7ec\ub97c \ub9e4\uc218\ud574 \uc678\ud658\ubcf4\uc720\uc561\uc740 438\uc5b53,200\ub9cc \ub2ec\ub7ec\uc5d0 \ub3c4\ub2ec\ud588\uace0, IMF\uc640 \ud569\uc758\ud55c \uc5f0\uac04 100\uc5b5 \ub2ec\ub7ec \ubaa9\ud45c\uc758 \uc57d 40%\ub97c \uc870\uae30 \ub2ec\uc131\ud588\ub2e4.
    \ud604\uc7ac \ud558\ub8e8 \ud3c9\uade0 7\ucc9c\ub9cc \ub2ec\ub7ec\ub97c \ub9e4\uc218\ud558\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc2dc\uc7a5 \uac70\ub798\ub7c9\uc758 \uc57d 5% \uc218\uc900\uc774\ub77c\ub294 \ud1b5\uc0c1\uc801 \uae30\uc900\uc744 \uc0c1\ud68c\ud55c\ub2e4. \uacbd\uc81c\ud300\uc740 \uc774\ub97c \ud504\ub85c\uadf8\ub7a8 \ubaa9\ud45c \ub2ec\uc131\uc758 \uc911\uc694\ud55c \uc2e0\ud638\ub85c \ubcf4\uace0 \uc788\ub2e4.
    \ud658\uc728\uc5d0 \ubd80\ub2f4\uc744 \uc8fc\uc9c0 \uc54a\uc73c\uba74\uc11c \uc678\ud658\ubcf4\uc720\uc561\uc744 \ub298\ub9ac\ub294 \uc804\ub7b5\uc740 \ud1b5\ud654 \uc548\uc815 \uc720\uc9c0\uc640 \uad6d\uc81c \uc57d\uc18d \uc774\ud589\uc758 \ud575\uc2ec \ucd95\uc73c\ub85c \uc790\ub9ac \uc7a1\uace0 \uc788\ub2e4.
    \uc774\uc640\uad00\ub828 iProfesional\uc740 \ub2e4\uc74c\uacfc \uac19\uc774 \ubd84\uc11d\ud588\ub2e4.
    \u201c\ud604\uc7ac \uc0c1\ud669\uc740 \ud398\uc18c \uc720\ub3d9\uc131\uacfc \uc911\uc559\uc740\ud589\uc758 \uc678\ud658 \ucd95\uc801 \ub2a5\ub825\uc5d0 \uc758\ud574 \uc88c\uc6b0\ub41c\ub2e4. \ud658\uc728 \uc548\uc815\uc740 \uc218\ucd9c \uc99d\uac00 \uae30\ub300\uc640 \uc5d0\ub108\uc9c0 \ud751\uc790 \ud68c\ubcf5\uc5d0 \uae30\ubc18\ud558\uba70, \uace7 \uc2dc\uc791\ub420 \uc218\ud655 \uc2dc\uc98c\uacfc \ub192\uc740 \uae08\ub9ac\uac00 \ub2e8\uae30\uc801\uc73c\ub85c \uc774\ub97c \ub354\uc6b1 \uac15\ud654\ud560 \uac83\uc774\ub2e4.\u201d<\/li>\n\n\n\n
  5. \uc720\uac00 100\ub2ec\ub7ec \uadfc\uc811\u2026\uc911\ub3d9 \uae34\uc7a5\uc5d0 \uc6d4\uac00 \ud558\ub77d
    \uc911\ub3d9 \uc9c0\uc5ed \uae34\uc7a5 \uace0\uc870\ub85c \uae00\ub85c\ubc8c \uc2dc\uc7a5 \ubd88\ud655\uc2e4\uc131\uc774 \ud655\ub300\ub418\uba70 \ube0c\ub80c\ud2b8\uc720\ub294 \ubc30\ub7f4\ub2f9 101\ub2ec\ub7ec\ub97c \ub118\uc5c8\uace0, \ubbf8\uad6d WTI\ub3c4 94.17\ub2ec\ub7ec\uae4c\uc9c0 \uc0c1\uc2b9\ud588\ub2e4.
    \uc6d4\uac00\ub294 \uc8fc\uc694 \uc9c0\uc218\uac00 \ud558\ub77d \ucd9c\ubc1c\ud588\uace0, \ud22c\uc790\uc790\ub4e4\uc740 \uc7a5\uae30 \ubd84\uc7c1 \uc6b0\ub824\ub85c \uad6d\ucc44\ub97c \ub9e4\ub3c4\ud588\ub2e4. \ub3c4\ub110\ub4dc \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc740 \uc774\ub780\uc774 \ud611\uc0c1\uc5d0 \uc808\ubc15\ud558\ub2e4\uace0 \uc8fc\uc7a5\ud588\uc9c0\ub9cc, \uc774\ub780\uc740 \uc774\ub97c \uac15\ud558\uac8c \ubd80\uc778\ud588\ub2e4. \uc5ec\uae30\uc5d0 \ubbf8\uad70 \uc99d\ud30c \uc18c\uc2dd\uae4c\uc9c0 \ub354\ud574\uc9c0\uba70 \uc2dc\uc7a5\uc758 \ub099\uad00\ub860\uc740 \uae09\uaca9\ud788 \uc704\ucd95\ub410\ub2e4.
    \uc720\ub7fd \ucc9c\uc5f0\uac00\uc2a4 \uac00\uaca9\ub3c4 4% \uc0c1\uc2b9\ud588\uc73c\uba70, \uc678\uad50\uc801 \uae34\uc7a5 \uc2ec\ud654\ub85c \ud734\uc804 \uac00\ub2a5\uc131\uc5d0 \ub300\ud55c \uc758\uad6c\uc2ec\uc774 \ucee4\uc9c0\uace0 \uc788\ub2e4. S&P500\uacfc \ub098\uc2a4\ub2e5 \uc120\ubb3c\uc740 \uc18c\ud3ed \uc0c1\uc2b9\ud588\uc9c0\ub9cc, \uc5d0\ub108\uc9c0 \uac00\uaca9 \ubcc0\ub3d9\uc131\uc774 \uc2dc\uc7a5 \ub9c8\uac10\uc744 \uc88c\uc6b0\ud560 \uc8fc\uc694 \ubcc0\uc218\ub85c \uc9c0\ubaa9\ub41c\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":11939,"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-11938","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\/11938","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=11938"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11938\/revisions"}],"predecessor-version":[{"id":11940,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11938\/revisions\/11940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/11939"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}