{"id":9716,"date":"2025-10-15T18:49:45","date_gmt":"2025-10-15T21:49:45","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=9716"},"modified":"2025-10-15T18:49:46","modified_gmt":"2025-10-15T21:49:46","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c10%ec%9b%94-15%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=9716","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(10\uc6d4 15\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. \ud2b8\ub7fc\ud504 \uc120\uac70 \uacb0\uacfc\ub97c \uc870\uac74\uc73c\ub85c \ubc00\ub808\uc774 \uc9c0\uc6d0\uacfc \uc9c0\uc9c0 \ud45c\uba85
    \ubc00\ub808\uc774 \ub300\ud1b5\ub839\uacfc \uc218\ud589\uc6d0\ub4e4\uc740 \uc5b4\uc81c \ubc31\uc545\uad00\uc5d0\uc11c \ud2b8\ub7fc\ud504\uc640 \ubca0\uc13c\ud2b8 \uc7ac\ubb34\uc7a5\uad00 \ub4f1\uacfc \uac19\uc774 \uc624\ucc2c\uc744 \ud568\uaed8\ud588\ub2e4.
    \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc740 \ubc00\ub808\uc774\uc5d0 \ub300\ud55c \uac15\ub825\ud55c \uc815\uce58\uc801 \uc9c0\uc9c0\ub97c \ud45c\uba85\ud558\uba74\uc11c\ub3c4, \ub9cc\uc57d \ubc00\ub808\uc774\uac00 \uc120\uac70\uc5d0\uc11c \ud328\ubc30\ud558\uba74 \uc6b0\ub9ac\ub294 \uc544\ub974\ud5e8\ud2f0\ub098\uc5d0 \uad00\ub300\ud558\uc9c0 \uc54a\uc744 \uac83\uc774\ub77c\uba70 \ubbf8\uad6d\uc758 \uc9c0\uc18d\uc801 \uc9c0\uc6d0\uc740 \ub2e4\uac00\uc624\ub294 \uc911\uac04\uc120\uac70 \uacb0\uacfc\uc5d0 \ub2ec\ub838\ub2e4\uace0 \uc2dc\uc0ac\ud588\ub2e4.
    \ubbf8\uad6d \ub300\ud1b5\ub839\uc740 \ud68c\ub2f4\uc5d0\uc11c \uc544\ub974\ud5e8\ud2f0\ub098\uac00 \uc5d8\uc0b4\ubc14\ub3c4\ub974, \ucf54\uc2a4\ud0c0\ub9ac\uce74\uc640 \ud568\uaed8 \ub0a8\ubbf8\uc758 \uc8fc\uc694 \ub3d9\ub9f9\uad6d \uc911 \ud558\ub098\ub77c\uace0 \uc5b8\uae09\ud558\uba74\uc11c \uc774\ubc88 \uc9c0\uc6d0\uc774 \uc774\ub150\uc801 \ub3d9\ub9f9\uc5d0 \ubd80\uc751\ud55c \uc870\uce58\ub77c\uace0 \uac15\uc870\ud588\ub2e4.
    \uc544\ub974\ud5e8\ud2f0\ub098\uc640\uc758 \uc790\uc720\ubb34\uc5ed\ud611\uc815 \uac00\ub2a5\uc131\uc5d0 \ub300\ud574\uc11c\ub294, \uc6d0\ud55c\ub2e4 \ub77c\uace0 \ub9d0\ud588\uc9c0\ub9cc \ud604\uc7ac\ub294 \uc9c0\uc6d0\uc774 \uc6b0\uc120\uc774\ub77c\uace0 \ubc1c\uc5b8\ud588\ub2e4.
    \uc774\ubc88 \uad6c\uc81c\uae08\uc735\uc73c\ub85c \uc911\uad6d\uacfc\uc758 \uc2a4\uc651\uc744 \ud30c\uae30\ud560 \ud544\uc694\ub294 \uc5c6\ub2e4\uace0 \ub9d0\ud558\uba74\uc11c\ub3c4, \ub0a8\ubbf8\uc5d0\uc11c \uc911\uad6d\uc758 \uacbd\uc81c\uc801, \uad70\uc0ac\uc801 \uc601\ud5a5\ub825\uc744 \uc904\uc774\ub824\ub294 \ubaa9\uc801\uc784\uc744 \uc778\uc815\ud588\ub2e4.<\/li>\n\n\n\n
  2. \ud2b8\ub7fc\ud504 \ubc1c\uc5b8 \uc774\ud6c4 \uad6d\ub0b4\uc2dc\uc7a5 \uae09\ub77d
    \ud2b8\ub7fc\ud504\uac00 \uc544\ub974\ud5e8\ud2f0\ub098 \uc9c0\uc6d0\uc5d0 \ub300\ud574 \uc870\uac74\uc744 \uc5b8\uae09\ud558\uba74\uc11c, \ub2ec\ub7ec \ucc44\uad8c\uacfc \uc8fc\uc2dd\uc740 8% \uc774\uc0c1 \ud558\ub77d\ud588\ub2e4.
    \ubbf8\uad6d\uc774 \ubc00\ub808\uc774\uc758 \uc120\uac70 \uc2b9\ub9ac\ub97c \uc870\uac74\uc73c\ub85c \uc9c0\uc6d0\ud55c\ub2e4\ub294 \uc18c\uc2dd\uc740 \ucd5c\uadfc \uba70\uce60 \uac04\uc758 \ub099\uad00\ub860\uc744 \ub4a4\uc9d1\uc5c8\ub2e4.
    Merval \uc9c0\uc218\ub294 \ud398\uc18c\ub85c 2.1%, \ub2ec\ub7ec\ub85c 6% \uac01\uac01 \ud558\ub77d\ud588\uace0, ADR\uc740 8.1%, \ucc44\uad8c\ub3c4 7% \uc774\uc0c1 \uac01\uac01 \ud3ed\ub77d\ud588\ub2e4.
    \uad6d\uac00\uc704\ud5d8\ub3c4\ub294 \ub2e4\uc2dc 1,000bp\ub97c \ub118\uc5c8\ub2e4.
    \uc2dc\uc7a5\uc5d0\uc11c\ub294 \ud2b8\ub7fc\ud504\uc758 \ubc1c\uc5b8\uc73c\ub85c \ubd88\ud655\uc2e4\uc131\uc774 \ucee4\uc9c0\uba74\uc11c \uc544\ub974\ud5e8\ud2f0\ub098 \uae08\uc735 \uc790\uc0b0\uc740 \uae09\uaca9\ud788 \uc870\uc815\ub418\uace0 \uc788\ub2e4.<\/li>\n\n\n\n
  3. \ud658\uc728\uacfc \ud1b5\ud654 \ubd88\ud655\uc2e4\uc131 \uc0c1\uc2b9
    \ub3c4\ub9e4\ud658\uc728\uc740 \ud2b8\ub7fc\ud504\uc758 \ubc1c\uc5b8\uc73c\ub85c 11 \ud398\uc18c \uc624\ub978 1,360 \ud398\uc18c, MEP \ud658\uc728\uc740 1,454.99 \ud398\uc18c, CCL \ud658\uc728\uc740 1,475 \ud398\uc18c\uac00 \ub418\uc5c8\ub2e4.
    \ub530\ub77c\uc11c MEP \ud658\uc728\uc740 6.98%, CCL \ud658\uc728\uc740 8.48% \uaca9\ucc28\uac00 \uc0dd\uacbc\ub2e4.
    \uc2dc\uc7a5\uc740 \ubbf8\uad6d \uc7ac\ubb34\ubd80 \uac1c\uc785 \uc774\uc804\uc5d0 \uc120\uac70 \uc774\ud6c4 \ud3c9\uac00\uc808\ud558\ub97c \uc608\uc0c1\ud588\uc9c0\ub9cc, \ubca0\uc13c\ud2b8 \ud300\uc758 \uc678\ud658 \ub9e4\ub3c4, \uc120\ubb3c \uac70\ub798\ub97c \uc704\ud55c \uacc4\uc88c \uac1c\uc124 \ub4f1\uc73c\ub85c 10\uc6d4 26\uc77c \uc120\uac70 \uc774\ud6c4\uc5d0 \ud658\uc728\uc5d0 \ub300\ud55c \uc870\uc815 \uac00\ub2a5\uc131\uc5d0 \uc758\ubb38\uc774 \uc81c\uae30\ub410\ub2e4.<\/li>\n\n\n\n
  4. 9\uc6d4 \uc778\ud50c\ub808\uc774\uc158 2.1%, 5\uac1c\uc6d4 \ub9cc\uc5d0 \ucd5c\uace0
    \uad6d\ub9bd\ud1b5\uacc4\uccad (INDEC)\uc740 9\uc6d4 \uc778\ud50c\ub808\uc774\uc158\uc744 2.1%\ub85c, 4\uc6d4 \uc774\ud6c4 \ucd5c\uace0\uce58\ub77c\uace0 \ubc1c\ud45c\ud588\ub2e4.
    \uc774 \uc218\uce58\ub294 \uc2dc\uc7a5 \uc804\ub9dd\uce58\uc640 \uc77c\uce58\ud55c\ub2e4.
    \uc774\ub85c\uc368 \uc62c\ud574 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218 (IPC)\ub294 22% \uc0c1\uc2b9\ub960\uc744 \uae30\ub85d\ud588\uace0, \uc804\ub144 \ub300\ube44 31.8%\uac00 \uc62c\ub790\ub2e4.
    \uadfc\uc6d0 \uc778\ud50c\ub808\uc774\uc158\uc740 1.9%\uc600\uace0 \uacc4\uc808\uc801 \uc778\ud50c\ub808\uc774\uc158\uc740 \ucc44\uc18c\ub97c \ube44\ub86f\ud55c \uc2e0\uc120 \ub18d\uc0b0\ubb3c \uc0c1\uc2b9\uc5d0 2.2% \uc62c\ub790\uace0, \uaddc\uc81c \uac00\uaca9\uc740 \uc804\uc6d4\ubcf4\ub2e4\ub294 \ub0ae\uc9c0\ub9cc 2.6%\ub098 \uc0c1\uc2b9\ud588\ub2e4.<\/li>\n\n\n\n
  5. \uae08\ub9ac \uae09\ub4f1\uacfc \uc120\uac70 \uc804 \ub9c8\uc9c0\ub9c9 \uc785\ucc30
    \ud398\uc18c \ub2e8\uae30 \uae08\ub9ac\ub294 \uc720\ub3d9\uc131 \ubb38\uc81c\ub85c \ub2e4\uc2dc \uac15\ud55c \uc0c1\uc2b9\uc138\ub97c \ubcf4\uc600\ub2e4.
    \uc2dc\uc7a5\uc5d0\uc11c \uae08\ub9ac\ub294 \uc7a5\uc911 \ucd5c\uace0\uce58\uc778 \uc5f0 133%\uc5d0 \ub3c4\ub2ec\ud588\uace0, \uc740\ud589 \uac04\uc758 REPO (\ud658\ub9e4\uc870\uac74\ubd80\ucc44\uad8c)\ub294 \uc5f0 125%\ub97c \ub9f4\ub3cc\ub2e4 \uc5f0 115.7%\ub85c \ub9c8\uac10\ud588\uace0, \ub3c4\ub9e4 \uc815\uae30\uc608\uae08\uc740 \uc5f0 54%\uac00 \ub418\uc5c8\ub2e4.
    \uc774 \ub54c\ubb38\uc5d0 \uc2dc\uc7a5\uc758 \uad00\uc2ec\uc740 10\uc6d4 26\uc77c \uc120\uac70 \uc804\uc5d0 \uc788\uc744 \ub9c8\uc9c0\ub9c9 \uc785\ucc30\uc5d0 \uc3e0\ub824\uc788\ub2e4.
    \uc5ec\uae30\uc11c \uc7ac\ubb34\uccad\uc740 \ub354 \ub192\uc740 \uae08\ub9ac\ub97c \uc81c\uc2dc\ud560\uc9c0 \uc544\ub2c8\uba74 \ud1b5\ud654\ub7c9\uc744 \ub298\ub9b4\uc9c0 \uacb0\uc815\ud574\uc57c \ud55c\ub2e4.
    \uc7ac\ubb34\uccad\uc740 11\uc6d4\uacfc \ub0b4\ub144 1\uc6d4\uc5d0 \ub9cc\uae30\uac00 \ub418\ub294 BONCAP \ucc44\uad8c\uc5d0 LECAP\uacfc BONCAP \ucc44\uad8c\uc73c\ub85c \uc57d 3\uc870 8\ucc9c\uc5b5 \ud398\uc18c \uac31\uc2e0\uc744 \ucd94\uc9c4\ud55c\ub2e4.
    \ud654\uc694\uc77c \uc774 \ucc44\uad8c\ub4e4\uc740 \uc6d4 3.75~6.4% \uc0ac\uc774\uc5d0 \uac70\ub798\ub410\ub2e4.<\/li>\n\n\n\n
  6. \ud30c\uc6d4 \ucd94\uac00 \uae08\ub9ac\uc778\ud558 \uc2dc\uc0ac
    \ubbf8\uad6d \uc5f0\uc900\uc758 \ud30c\uc6d4 \uc758\uc7a5\uc740 \uacf5\uc2dd \uc11d\uc0c1\uc5d0\uc11c \uc5f0\uc900\uc774 \uba87\ub2ec \uc548\uc5d0 \ub300\ucc28\ub300\uc870\ud45c \ucd95\uc18c\ub97c \uc885\ub8cc\ud560 \uc218 \uc788\uc73c\uba70, \uc774\ub294 \ubbf8\uad6d \uacbd\uc81c\uc5d0 \ub354\ub9ce\uc740 \uc720\ub3d9\uc131 \uacf5\uae09\uc744 \uc758\ubbf8\ud558\ub294 \uac83\uc774\ub77c\uace0 \ub9d0\ud588\ub2e4.
    \uc900\ube44\uae08\uc774 \ud48d\ubd80\ud55c \uc0c1\ud0dc\uc640 \uc77c\uce58\ud558\ub294 \uc218\uc900\uc744 \uc57d\uac04 \uc0c1\ud68c\ud560 \ub54c, \ub300\ucc28\ub300\uc870\ud45c\uc758 \uac00\uce58 \ud558\ub77d\uc744 \uba48\ucd94\uac8c \ud558\ub294\uac83\uc774 \ubaa9\ud45c\ub77c\uace0 \uc5b8\uae09\ud558\uba74\uc11c \uc911\uc559\uc740\ud589\uc774 \uadf8 \uc2dc\uc810\uc744 \uacb0\uc815\ud558\uae30 \uc704\ud574 \uc9c0\ud45c\ub97c \uba74\ubc00\ud788 \ubaa8\ub2c8\ud130\ub9c1\ud558\uace0 \uc788\ub2e4\uace0 \ubc1c\uc5b8\ud588\ub2e4.
    \ud30c\uc6d4 \uc758\uc7a5\uc740 \ub178\ub3d9\uc2dc\uc7a5\uc774 \uacc4\uc18d \uc545\ud654\ub418\uace0 \uc788\uc74c\uc744 \uc778\uc815\ud558\uba74\uc11c 10\uc6d4 29\uc77c \uc774\uc0ac\ud68c\uc5d0\uc11c 0.25% \ucd94\uac00 \uae08\ub9ac\uc778\ud558\uc5d0 \ub300\ud55c \uae30\ub300\uac10\uc744 \uc77c\uc73c\ucf30\ub2e4.
    \ucd94\uac00 \uae08\ub9ac\uc778\ud558 \ud655\ub960\uc740 96.7%\uc5d0 \ub2ec\ud55c\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":9717,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-9716","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\/9716","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=9716"}],"version-history":[{"count":0,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/9716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/9717"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}