{"id":30874,"date":"2026-03-10T01:51:19","date_gmt":"2026-03-10T01:51:19","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e4%b8%89%e8%8f%b1%e6%97%a5%e8%81%94%e9%87%91%e8%9e%8d%e9%9b%86%e5%9b%a2%ef%bc%88mufg%ef%bc%89michael-wan%ef%bc%9a%e6%b2%b9%e4%bb%b7%e9%80%9a%e8%83%80%e4%b8%8e%e9%9c%8d%e5%b0%94%e6%9c%a8%e5%85%b9\/"},"modified":"2026-03-10T01:51:19","modified_gmt":"2026-03-10T01:51:19","slug":"%e4%b8%89%e8%8f%b1%e6%97%a5%e8%81%94%e9%87%91%e8%9e%8d%e9%9b%86%e5%9b%a2%ef%bc%88mufg%ef%bc%89michael-wan%ef%bc%9a%e6%b2%b9%e4%bb%b7%e9%80%9a%e8%83%80%e4%b8%8e%e9%9c%8d%e5%b0%94%e6%9c%a8%e5%85%b9","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e4%b8%89%e8%8f%b1%e6%97%a5%e8%81%94%e9%87%91%e8%9e%8d%e9%9b%86%e5%9b%a2%ef%bc%88mufg%ef%bc%89michael-wan%ef%bc%9a%e6%b2%b9%e4%bb%b7%e9%80%9a%e8%83%80%e4%b8%8e%e9%9c%8d%e5%b0%94%e6%9c%a8%e5%85%b9\/","title":{"rendered":"\u4e09\u83f1\u65e5\u8054\u91d1\u878d\u96c6\u56e2\uff08MUFG\uff09Michael 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Shock Scenarios And Inflation Path<\/h3>\n\u82e5\u6cb9\u4ef7\u9ad8\u4e8e\u6bcf\u6876100\u7f8e\u5143\uff08US$100\/bbl\uff09\uff0c\u901a\u80c0\u9884\u8ba1\u57282026\u5e74\u3001\u4e14\u5f88\u53ef\u80fd\u57282027\u5e74\u90fd\u7ef4\u6301\u57284%\u4ee5\u4e0a\u3002\u5206\u6790\u8ba4\u4e3a\uff0c\u8fd9\u4f1a\u5e26\u6765\u901a\u80c0\u66f4\u96be\u964d\u6e29\uff08\u66f4\u201c\u9ecf\u7740\u201d\uff09\u4ee5\u53ca\u901a\u80c0\u9884\u671f\uff08\u6c11\u4f17\u4e0e\u5e02\u573a\u5bf9\u672a\u6765\u901a\u80c0\u7684\u770b\u6cd5\uff09\u8d70\u9ad8\u7684\u98ce\u9669\u3002\n\n\u62a5\u544a\u4e5f\u533a\u5206\u201c\u77ed\u671f\u4f9b\u7ed9\u51b2\u51fb\u201d\uff08\u77ed\u6682\u7684\u4f9b\u5e94\u53d7\u963b\uff09\u4e0e\u201c\u66f4\u957f\u671f\u7684\u7ed3\u6784\u6027\u53d8\u5316\u201d\uff08\u5f71\u54cd\u6301\u7eed\u66f4\u4e45\uff09\uff0c\u540e\u8005\u66f4\u53ef\u80fd\u9700\u8981\u8d27\u5e01\u653f\u7b56\u56de\u5e94\u3002\u77ed\u671f\u5185\u4e0d\u4e00\u5b9a\u4f1a\u52a0\u606f\uff08\u628a\u653f\u7b56\u5229\u7387\u8c03\u9ad8\uff09\uff0c\u4f46\u82e5\u901a\u80c0\u6301\u7eed\u6027\u589e\u5f3a\u3001\u540c\u65f6\u7ecf\u6d4e\u589e\u957f\u8f6c\u5f31\uff0c\u52a0\u606f\u98ce\u9669\u4f1a\u4e0a\u5347\u3002\n\n\u4eca\u5e74\u201c\u518d\u964d\u606f\u4e24\u6b21\u201d\u7684\u57fa\u51c6\u60c5\u666f\u6b63\u9762\u4e34\u4e25\u5cfb\u6311\u6218\u3002\u4eca\u65e9\u5e03\u4f26\u7279\u539f\u6cb9\uff08Brent\uff0c\u5168\u7403\u91cd\u8981\u539f\u6cb9\u57fa\u51c6\uff09\u4ecd\u5728\u6bcf\u6876\u7ea695\u7f8e\u5143\u5f98\u5f8a\uff1b\u83f2\u5f8b\u5bbe\u7edf\u8ba1\u5c40\uff08Philippine Statistics Authority\uff09\u6700\u65b0\u62a5\u544a\u663e\u793a2\u6708\u901a\u80c0\u5347\u81f34.1%\u3002\u964d\u606f\u6761\u4ef6\u6b63\u5728\u5feb\u901f\u6d88\u5931\uff0c\u5e02\u573a\u5f00\u59cb\u4e0b\u8c03\u539f\u672c\u9884\u671f\u57286\u6708\u4e0e10\u6708\u964d\u606f\u7684\u6982\u7387\u3002\n\n\u8fd9\u4e0d\u518d\u662f\u9065\u8fdc\u98ce\u9669\uff1a\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u7684\u5730\u7f18\u653f\u6cbb\u5371\u673a\u672a\u80fd\u5728\u6211\u4eec\u671f\u5f85\u76843\u6708\u671f\u9650\u524d\u89e3\u51b3\u3002\u6301\u7eed\u65f6\u95f4\u62c9\u957f\u610f\u5473\u7740\u8fd9\u6b21\u6cb9\u4ef7\u51b2\u51fb\u672a\u5fc5\u50cf\u75ab\u60c5\u65f6\u671f\u7684\u4f9b\u5e94\u4e2d\u65ad\uff08COVID-era supply 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swaps\uff0c\u7528\u56fa\u5b9a\u5229\u7387\u4e0e\u6d6e\u52a8\u5229\u7387\u4e92\u6362\u73b0\u91d1\u6d41\u7684\u5de5\u5177\uff09\u4ed3\u4f4d\uff0c\u56e0\u4e3a\u964d\u606f\u524d\u666f\u8f6c\u5f31\u3002\u6211\u4eec\u8ba4\u4e3a\u77ed\u671f\u4e92\u6362\u201c\u4ed8\u56fa\u5b9a\u5229\u7387\u201d\uff08paying fixed\uff0c\u62bc\u6ce8\u5229\u7387\u4e0d\u964d\u751a\u81f3\u504f\u9ad8\uff09\u66f4\u5177\u4ef7\u503c\uff0c\u5e03\u5c40BSP\u6bd4\u4e4b\u524d\u9884\u671f\u66f4\u4e45\u7ef4\u6301\u5229\u7387\u4e0d\u53d8\u3002\u5e02\u573a\u6982\u7387\u6b63\u5728\u4ece\u201c\u964d\u606f\u5468\u671f\u201d\u8f6c\u5411\u201c\u66f4\u957f\u65f6\u95f4\u6309\u5175\u4e0d\u52a8\u201d\u3002\n\n\u6211\u4eec\u8bb0\u5f972022\u5e74\u901a\u80c0\u51b2\u51fb\u66fe\u628a\u83f2\u5f8b\u5bbe\u901a\u80c0\u63a8\u9ad8\u52308%\u4ee5\u4e0a\uff0c\u5f53\u65f6BSP\u4e3a\u5b88\u4f4f\u804c\u8d23\uff08\u63a7\u5236\u901a\u80c0\uff09\u5e76\u4e0d\u6015\u5927\u5e45\u52a0\u606f\uff0c\u5373\u4f7f\u727a\u7272\u90e8\u5206\u589e\u957f\u3002\u8fd9\u4e2a\u5386\u53f2\u7ecf\u9a8c\u663e\u793a\uff0c\u76f8\u6bd4\u7ecf\u6d4e\u75b2\u5f31\uff0c\u592e\u884c\u5bf9\u9ad8\u901a\u80c0\u7684\u5bb9\u5fcd\u5ea6\u66f4\u4f4e\u3002\u82e5\u6cb9\u4ef7\u957f\u671f\u9ad8\u4e8e\u6bcf\u6876100\u7f8e\u5143\uff0c2026\u5e74\u672b\u51fa\u73b0\u52a0\u606f\uff08\u800c\u975e\u964d\u606f\uff09\u5c06\u6210\u4e3a\u73b0\u5b9e\u53ef\u80fd\u3002\n\n\u5bf9\u5916\u6c47\u4ea4\u6613\u8005\u800c\u8a00\uff0c\u8fd9\u4f1a\u6539\u53d8\u83f2\u5f8b\u5bbe\u6bd4\u7d22\uff08PHP\uff0cPhilippine Peso\uff09\u7684\u524d\u666f\u3002\u66f4\u504f\u201c\u9e70\u6d3e\u201d\u7684BSP\uff08hawkish\uff0c\u66f4\u503e\u5411\u5347\u606f\u6216\u7ef4\u6301\u9ad8\u5229\u7387\u4ee5\u538b\u901a\u80c0\uff09\u53ef\u4e3a\u6c47\u7387\u63d0\u4f9b\u652f\u6491\u5e95\u90e8\uff0c\u62b5\u6d88\u90e8\u5206\u56e0\u8fdb\u53e3\u66f4\u8d35\u7684\u77f3\u6cb9\u6210\u672c\u4e0a\u5347\u5e26\u6765\u7684\u8d1f\u9762\u60c5\u7eea\u3002\u53ef\u8003\u8651\u4e70\u5165PHP\u770b\u6da8\u671f\u6743\uff08call options\uff0c\u672a\u6765\u4ee5\u7279\u5b9a\u4ef7\u683c\u4e70\u5165\u6807\u7684\u7684\u6743\u5229\uff09\u6216\u5356\u51fa\u7f8e\u5143\/\u6bd4\u7d22\uff08USD\/PHP\uff09\u6df1\u5ea6\u4ef7\u5916\u770b\u6da8\u671f\u6743\uff08out-of-the-money calls\uff0c\u6267\u884c\u4ef7\u8fdc\u79bb\u73b0\u4ef7\u3001\u83b7\u5229\u9700\u8981\u66f4\u5927\u884c\u60c5\u7684\u671f\u6743\uff09\uff0c\u4ee5\u5e03\u5c40\u6bd4\u7d22\u8868\u73b0\u5f3a\u4e8e\u9884\u671f\u3002\n\n\u672a\u6765\u6570\u5468\u91cd\u70b9\uff0c\u5e94\u628a\u6295\u8d44\u7ec4\u5408\u4ece\u201c\u964d\u606f\u53d9\u4e8b\u201d\u8f6c\u5411\u66f4\u4fdd\u5b88\u7684\u5229\u7387\u8def\u5f84\u3002\u98ce\u9669\u5df2\u504f\u5411BSP\u7ef4\u6301\u73b0\u884c4.25%\u653f\u7b56\u5229\u7387\uff0c\u82e5\u6cb9\u4ef7\u518d\u5347\u751a\u81f3\u88ab\u8feb\u6536\u7d27\uff08tighten\uff0c\u8fdb\u4e00\u6b65\u63d0\u9ad8\u5229\u7387\u6216\u51cf\u5c11\u5bbd\u677e\uff09\u3002\u4f7f\u7528\u671f\u6743\u5bf9\u51b2\u5e74\u5185\u610f\u5916\u52a0\u606f\u7684\u98ce\u9669\uff0c\u4f1a\u662f\u66f4\u7a33\u5065\u7684\u7b56\u7565\u3002\n<p>\r\n\r\n<p><strong>\u7acb\u5373\u5f00\u59cb\u4ea4\u6613 &#8211; \u70b9\u51fb<a href=\"https:\/\/www.vtmarketsmy.com\/cn\/trade-now\/\">\u8fd9\u91cc<\/a>\u521b\u5efa\u60a8\u7684 VT Markets \u771f\u5b9e\u8d26\u6237 <\/strong> <\/p>\r\n<!-- \/wp:post-content 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