{"id":13641,"date":"2026-07-20T19:00:13","date_gmt":"2026-07-20T22:00:13","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=13641"},"modified":"2026-07-20T19:00:15","modified_gmt":"2026-07-20T22:00:15","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c07%ec%9b%94-20%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=13641","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(07\uc6d4 20\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. \ub18d\uc5c5\u00b7\uad11\uc5c5\u00b7\uc5d0\ub108\uc9c0 \uc0b0\uc5c5, 2026\ub144 570\uc5b5 \ub2ec\ub7ec \uc774\uc0c1 \uc678\ud654 \uc720\uc785 \uc804\ub9dd
    \ub85c\uc0ac\ub9ac\uc624 \uc0c1\uacf5\ud68c\uc758\uc18c\uac00 \ubc1c\ud45c\ud55c \ubcf4\uace0\uc11c\uc5d0 \ub530\ub974\uba74, 2026\ub144 \ub18d\uc5c5\u00b7\uad11\uc5c5\u00b7\uc5d0\ub108\uc9c0 \ubd80\ubb38\uc774 \uc0ac\uc0c1 \ucd5c\ub300 \uaddc\ubaa8\uc758 \uc678\ud654\ub97c \ucc3d\ucd9c\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ub429\ub2c8\ub2e4.
    \uc774\ub4e4 \uc138 \uc0b0\uc5c5\uc758 \uc678\ud654 \uc720\uc785\uc561\uc740 571\uc5b5 6,800\ub9cc \ub2ec\ub7ec\uc5d0 \uc774\ub97c \uac83\uc73c\ub85c \uc608\uc0c1\ub418\uba70, \uc774\ub294 2022\ub144\uc758 \ucd5c\uace0 \uae30\ub85d\uc744 \ub118\uc5b4\uc11c\ub294 \uc218\uce58\uc785\ub2c8\ub2e4. \ub610\ud55c 2025\ub144\uc758 503\uc5b5 8,100\ub9cc \ub2ec\ub7ec\ubcf4\ub2e4 \ud06c\uac8c \uc99d\uac00\ud55c \uaddc\ubaa8\uc785\ub2c8\ub2e4.
    2026\ub144\uc5d0\ub294 \ud558\ubc18\uae30\uc5d0 \uc678\ud654 \uc720\uc785\uc774 \ub354\uc6b1 \ub9ce\uc544\uc9c8 \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4.
    \uc0c1\ubc18\uae30: 273\uc5b5 7,500\ub9cc \ub2ec\ub7ec
    \ud558\ubc18\uae30: 297\uc5b5 9,300\ub9cc \ub2ec\ub7ec
    \uc5d0\ub108\uc9c0 \uc0b0\uc5c5\uc758 \uc131\uc7a5\uc73c\ub85c \uc778\ud574 \uae30\uc874\ucc98\ub7fc \ub18d\uc5c5 \uc218\ud655\uae30\uc5d0\ub9cc \uc678\ud654\uac00 \uc9d1\uc911\ub418\ub294 \uacc4\uc808\uc131\uc774 \uc644\ud654\ub418\uace0, \uc5f0\uc911 \uc548\uc815\uc801\uc778 \ub2ec\ub7ec \uc720\uc785\uc774 \uac00\ub2a5\ud574\uc9c8 \uac83\uc73c\ub85c \ubd84\uc11d\ub418\uc5c8\uc2b5\ub2c8\ub2e4.
    \uad6d\uc81c \ub18d\uc0b0\ubb3c \uac00\uaca9\uc774 \ub2e4\uc18c \ud558\ub77d\ud588\uc74c\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \ub18d\uc5c5\uc740 \uc5ec\uc804\ud788 \uac00\uc7a5 \ud070 \uc678\ud654 \uacf5\uae09\uc6d0\uc774 \ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\uba70, \uc57d 348\uc5b5 9,700\ub9cc \ub2ec\ub7ec\ub97c \uc218\ucd9c\ud560 \uc804\ub9dd\uc785\ub2c8\ub2e4.
    \uad11\uc5c5 \ubd80\ubb38\uc740 \ub9ac\ud2ac, \uae08, \uc740 \uc0dd\uc0b0 \uc99d\uac00\uc5d0 \ud798\uc785\uc5b4 90\uc5b5 \ub2ec\ub7ec \uc774\uc0c1\uc758 \uc678\ud654\ub97c \ucc3d\ucd9c\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4.
    \uc5d0\ub108\uc9c0 \ubd80\ubb38\uc740 144\uc5b5 \ub2ec\ub7ec \uc774\uc0c1\uc758 \uc218\ucd9c\uacfc 120\uc5b5 \ub2ec\ub7ec \uc774\uc0c1\uc758 \ubb34\uc5ed\ud751\uc790\ub97c \uae30\ub85d\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ub418\uc5c8\uc2b5\ub2c8\ub2e4.<\/li>\n\n\n\n
  2. \ub3c4\ub9e4 \ub2ec\ub7ec \ud658\uc728, \uae08\uc694\uc77c \ubc18\ub4f1\ud588\uc9c0\ub9cc \uc8fc\uac04 \uae30\uc900\uc73c\ub85c\ub294 \ud558\ub77d \ub9c8\uac10
    \uc544\ub974\ud5e8\ud2f0\ub098 \ub3c4\ub9e4 \ub2ec\ub7ec \ud658\uc728\uc740 \uae08\uc694\uc77c 1,478\ud398\uc18c\ub85c \uac70\ub798\ub97c \ub9c8\uce58\uba70 3\uac70\ub798\uc77c \uc5f0\uc18d \uc0c1\uc2b9\ud588\uc2b5\ub2c8\ub2e4.
    \uadf8\ub7ec\ub098 \uc8fc\uac04 \uae30\uc900\uc73c\ub85c\ub294 \ud558\ub77d\uc138\ub97c \uae30\ub85d\ud588\uace0, 7\uc6d4 \ub4e4\uc5b4 \ud604\uc7ac\uae4c\uc9c0 8\ud398\uc18c \ud558\ub77d\ud588\uc2b5\ub2c8\ub2e4.
    \ud604\uc7ac \ud658\uc728\uc740 \uc815\ubd80\uac00 \uc124\uc815\ud55c \ud658\uc728 \ubc34\ub4dc \uc0c1\ub2e8\uc778 1,827.63\ud398\uc18c\ubcf4\ub2e4 23.5% \ub0ae\uc740 \uc218\uc900\uc785\ub2c8\ub2e4.
    6\uc6d4 \ubb3c\uac00\uc0c1\uc2b9\ub960 \ubc1c\ud45c \uc774\ud6c4 \uc2dc\uc7a5 \ucc38\uac00\uc790\ub4e4\uc758 \uae30\ub300\uac00 \uc870\uc815\ub418\uba74\uc11c \ud658\uc728 \uc6c0\uc9c1\uc784\uc5d0\ub3c4 \ubcc0\ud654\uac00 \ub098\ud0c0\ub0ac\uc2b5\ub2c8\ub2e4.
    \ud55c\ud3b8 \uc911\uc559\uc740\ud589(BCRA)\uc740 \uacf5\uc2dd \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c \uc801\uadf9\uc801\uc778 \ub2ec\ub7ec \ub9e4\uc218\ub97c \uc9c0\uc18d\ud588\uc2b5\ub2c8\ub2e4.
    \uc8fc\uc694 \ud658\uc728\uc740 \ub2e4\uc74c\uacfc \uac19\uc2b5\ub2c8\ub2e4.
    Banco Naci\u00f3n \ub9e4\ub3c4 \ud658\uc728: 1,500\ud398\uc18c
    MEP \ud658\uc728: 1,520.01\ud398\uc18c
    CCL \ud658\uc728: 1,578.35\ud398\uc18c
    \uc120\ubb3c\uc2dc\uc7a5\ub3c4 \uc0c1\uc2b9\uc138\ub97c \ubc18\uc601\ud588\uc2b5\ub2c8\ub2e4.
    7\uc6d4 \ub9d0 \uacc4\uc57d: 1,486.5\ud398\uc18c
    12\uc6d4 \uacc4\uc57d: 1,629.5\ud398\uc18c
    \uc774\uc640\uad00\ub828 BAE Negocios\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \ubcf4\ub3c4\ud588\uc2b5\ub2c8\ub2e4.
    “6\uc6d4 \uc778\ud50c\ub808\uc774\uc158 \ubc1c\ud45c\ub294 \ud658\uc728 \ubc34\ub4dc \uacc4\uc0b0\uc5d0\ub3c4 \uc601\ud5a5\uc744 \ubbf8\ucce4\ub2e4. 8\uc6d4 \ud658\uc728 \uac1c\uc785 \uc0c1\ub2e8\uc740 \uc57d 1,880\ud398\uc18c\ub85c \uc608\uc0c1\ub418\uba70, \ud604\uc7ac \ud658\uc728\ubcf4\ub2e4 \ud6e8\uc52c \ub192\uc544 \uc911\uc559\uc740\ud589\uc774 \uc758\ubb34\uc801\uc73c\ub85c \uac1c\uc785\ud574\uc57c \ud560 \uc0c1\ud669\uae4c\uc9c0\ub294 \uc0c1\ub2f9\ud55c \uc5ec\uc720\uac00 \uc788\ub2e4.”<\/li>\n\n\n\n
  3. \uc544\ub974\ud5e8\ud2f0\ub098 \uae08\uc735\uc790\uc0b0, \uc5c7\uac08\ub9b0 \ub9c8\uac10
    \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4 \uc99d\uc2dc\ub294 \uc5d0\ub108\uc9c0 \uae30\uc5c5\uc758 \uac15\uc138\uc5d0 \ud798\uc785\uc5b4 S&P \uba54\ub974\ubc1c(Merval) \uc9c0\uc218\uac00 \ud398\uc18c \uae30\uc900 0.5% \uc0c1\uc2b9\ud588\uc2b5\ub2c8\ub2e4.
    \uc774\ub294 \uc911\ub3d9 \uae34\uc7a5\uc73c\ub85c \uad6d\uc81c \uc720\uac00\uac00 \uc0c1\uc2b9\ud55c \uc601\ud5a5\uc774\uc5c8\uc2b5\ub2c8\ub2e4.
    \ubc18\uba74 \ubbf8\uad6d \uc99d\uc2dc\ub294 \uae30\uc220\uc8fc\uc640 \ubc18\ub3c4\uccb4\uc8fc\uc758 \uc57d\uc138\ub85c \ud558\ub77d\ud588\uc2b5\ub2c8\ub2e4.
    \ub098\uc2a4\ub2e5: 1.4% \ud558\ub77d\ud588\uace0, \uc774 \uc601\ud5a5\uc73c\ub85c \ub274\uc695\uc5d0 \uc0c1\uc7a5\ub41c \uc544\ub974\ud5e8\ud2f0\ub098 \uae30\uc5c5 \uc8fc\uc2dd(ADR)\ub3c4 \ucd5c\ub300 2.3% \ud558\ub77d\ud588\uc2b5\ub2c8\ub2e4.
    \ub2ec\ub7ec \ud45c\uc2dc \uad6d\ucc44\ub294 0.1% \uc0c1\uc2b9\uc5d0 \uadf8\ucce4\uc73c\uba70,
    \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\ub294 \ubbf8\uad6d \uad6d\ucc44\uae08\ub9ac \uc6c0\uc9c1\uc784\uc758 \uc601\ud5a5\uc744 \ubc1b\uc544 10bp \uc0c1\uc2b9\ud55c 419bp\ub97c \uae30\ub85d\ud588\uc2b5\ub2c8\ub2e4.<\/li>\n\n\n\n
  4. \uc911\uc559\uc740\ud589, \uc2dc\uc7a5 \ub9e4\uc218\uc640 \uae08\uac12 \uc0c1\uc2b9\uc73c\ub85c \uc678\ud658\ubcf4\uc720\uc561 \uc99d\uac00
    \uc544\ub974\ud5e8\ud2f0\ub098 \uc911\uc559\uc740\ud589(BCRA)\uc740 \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c 3,900\ub9cc \ub2ec\ub7ec\ub97c \ub9e4\uc785\ud588\uc2b5\ub2c8\ub2e4.
    \uc774\ub294 \ub2f9\uc77c \uc2dc\uc7a5\uc5d0\uc11c \uac70\ub798\ub41c \uc678\ud654\uc758 7.2%\uc5d0 \ud574\ub2f9\ud558\ub294 \uaddc\ubaa8\uc785\ub2c8\ub2e4.
    \uc774\ub7ec\ud55c \ub9e4\uc218\uc640 \uae30\ud0c0 \uc790\uc0b0 \uac00\uaca9 \uc0c1\uc2b9\uc758 \uc601\ud5a5\uc73c\ub85c \uc678\ud658\ubcf4\uc720\uc561\uc740 2\uc5b5 5,300\ub9cc \ub2ec\ub7ec \uc99d\uac00\ud574 \ucd1d \uc678\ud658\ubcf4\uc720\uc561\uc740 485\uc5b5 3,100\ub9cc \ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\uc2b5\ub2c8\ub2e4.
    \ud2b9\ud788 \uad6d\uc81c \uae08\uac12\uc774 0.6% \uc0c1\uc2b9\ud558\uc5ec \uc628\uc2a4\ub2f9 4,017.70\ub2ec\ub7ec\ub97c \uae30\ub85d\ud558\uba74\uc11c \uc678\ud658\ubcf4\uc720\uc561 \uc99d\uac00\uc5d0 \ud06c\uac8c \uae30\uc5ec\ud588\uc2b5\ub2c8\ub2e4.
    \ud55c\ud3b8 Infobae \uc9c0\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \uc804\ud588\uc2b5\ub2c8\ub2e4.
    “\uacbd\uc81c\ubd80\ub294 6\uc6d4 \uc7ac\uc815 \uc0c1\ud669\uc774 \ud06c\uac8c \uc545\ud654\ub410\ub2e4\uace0 \ubc1c\ud45c\ud588\ub2e4. \uad6d\uac00 \uacf5\uacf5\ubd80\ubb38\uc740 6,968\uc5b5 4,300\ub9cc \ud398\uc18c\uc758 \uae30\ucd08\uc7ac\uc815 \uc801\uc790\uc640 1\uc870 240\uc5b5 \ud398\uc18c\uc758 \uc7ac\uc815\uc218\uc9c0 \uc801\uc790\ub97c \uae30\ub85d\ud588\ub2e4. \uc774\ub85c\uc368 \ud558\ube44\uc5d0\ub974 \ubc00\ub808\uc774 \uc815\ubd80 \ub4e4\uc5b4 \uc774\uc5b4\uc9c0\ub358 \ud751\uc790 \ud750\ub984\uc774 \uc911\ub2e8\ub410\uc73c\uba70, \uc138 \ubc88\uc9f8 \uc801\uc790 \uc6d4\uc774 \ub418\uc5c8\ub2e4.”<\/li>\n\n\n\n
  5. \uc9c0\uc815\ud559\uc801 \uae34\uc7a5 \ubc0f \uae30\uc5c5 \uc2e4\uc801 \ubc1c\ud45c\ub85c \uc138\uacc4 \uae08\uc735\uc2dc\uc7a5 \uc694\ub3d9
    \uc774\ubc88 \uc8fc \uae08\uc735\uc2dc\uc7a5\uc740 \uadf9\ub3c4\uc758 \uc2e0\uc911\ud55c \ubd84\uc704\uae30 \uc18d\uc5d0\uc11c \uc2dc\uc791\ub410\uc2b5\ub2c8\ub2e4.
    \ubbf8\uad6d\uacfc \uc774\ub780 \uac04 \uad70\uc0ac\uc801 \uae34\uc7a5 \uace0\uc870\ub85c \uad6d\uc81c \uc720\uac00\uac00 \uae09\ub4f1\ud588\uc2b5\ub2c8\ub2e4.
    \ube0c\ub80c\ud2b8\uc720\ub294 \ud55c\ub54c \ubc30\ub7f4\ub2f9 91\ub2ec\ub7ec\uae4c\uc9c0 \uc0c1\uc2b9\ud55c \ub4a4 88\ub2ec\ub7ec \ubd80\uadfc\uc73c\ub85c \uc548\uc815\ub418\uc5c8\uc2b5\ub2c8\ub2e4.
    WTI\ub294 84\ub2ec\ub7ec\uae4c\uc9c0 \uc62c\ub790\ub2e4\uac00 81\ub2ec\ub7ec \uc218\uc900\uc73c\ub85c \ub0b4\ub824\uc654\uc2b5\ub2c8\ub2e4.
    \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc138\uacc4 \uc6d0\uc720\uc758 \uc57d 20%\uac00 \ud1b5\uacfc\ud558\ub294 \uc804\ub7b5\uc801 \uc694\ucda9\uc9c0\uc778 \ud638\ub974\ubb34\uc988 \ud574\ud611\uc744 \uac00\uc7a5 \ud070 \uc704\ud5d8\uc694\uc778\uc73c\ub85c \ubcf4\uace0 \uc788\uc2b5\ub2c8\ub2e4.
    \ud574\uc0c1\ubcf4\ud5d8\ub8cc \uc0c1\uc2b9\uacfc \uc120\ubc15 \uc6b4\ud56d \uac10\uc18c\ub294 \uc138\uacc4 \uc5d0\ub108\uc9c0 \uacf5\uae09\uc5d0 \ubd80\ub2f4\uc744 \uc904 \uac00\ub2a5\uc131\uc774 \uc788\uc2b5\ub2c8\ub2e4.
    \uc774\ub7ec\ud55c \uc0c1\ud669 \uc18d\uc5d0\uc11c \uc720\ub7fd \uc99d\uc2dc\ub294 \uc778\ud50c\ub808\uc774\uc158 \uc6b0\ub824\ub85c \uc57d\uc138\ub97c \ubcf4\uc600\uc2b5\ub2c8\ub2e4.
    \ud22c\uc790\uc790\ub4e4\uc740 \ubbf8\uad6d \ub300\ud615 \uae30\uc220\uae30\uc5c5\ub4e4\uc758 \uc2e4\uc801 \ubc1c\ud45c\uc640 \ud568\uaed8 \ubbf8\uad6d\uc758 \uc8fc\uc694 \uacbd\uc81c\uc9c0\ud45c\uc778 PMI(\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218)\uc640 \uc2e4\uc5c5\uc218\ub2f9 \uccad\uad6c\uac74\uc218 \ubc1c\ud45c\uc5d0\ub3c4 \uc8fc\ubaa9\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":13642,"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-13641","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\/13641","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=13641"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/13641\/revisions"}],"predecessor-version":[{"id":13643,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/13641\/revisions\/13643"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/13642"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}