{"id":44611,"date":"2026-04-14T14:55:46","date_gmt":"2026-04-14T14:55:46","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e8%8d%b7%e5%85%b0%e5%90%88%e4%bd%9c%e9%93%b6%e8%a1%8c%e5%88%86%e6%9e%90%e5%b8%88%e7%a7%b0%ef%bc%8c3%e6%9c%88%e6%ac%a7%e5%85%83%e5%8c%bacpi%e7%bb%88%e5%80%bc%e5%b0%86%e5%8e%98%e6%b8%85%e9%9c%8d\/"},"modified":"2026-04-14T14:55:46","modified_gmt":"2026-04-14T14:55:46","slug":"%e8%8d%b7%e5%85%b0%e5%90%88%e4%bd%9c%e9%93%b6%e8%a1%8c%e5%88%86%e6%9e%90%e5%b8%88%e7%a7%b0%ef%bc%8c3%e6%9c%88%e6%ac%a7%e5%85%83%e5%8c%bacpi%e7%bb%88%e5%80%bc%e5%b0%86%e5%8e%98%e6%b8%85%e9%9c%8d","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e8%8d%b7%e5%85%b0%e5%90%88%e4%bd%9c%e9%93%b6%e8%a1%8c%e5%88%86%e6%9e%90%e5%b8%88%e7%a7%b0%ef%bc%8c3%e6%9c%88%e6%ac%a7%e5%85%83%e5%8c%bacpi%e7%bb%88%e5%80%bc%e5%b0%86%e5%8e%98%e6%b8%85%e9%9c%8d\/","title":{"rendered":"\u8377\u5170\u5408\u4f5c\u94f6\u884c\u5206\u6790\u5e08\u79f0\uff0c3\u6708\u6b27\u5143\u533aCPI\u7ec8\u503c\u5c06\u5398\u6e05\u970d\u5c14\u6728\u5179\u80fd\u6e90\u51b2\u51fb\u6548\u5e94\u53ca\u6b27\u76df\u653f\u6cbb\u5f71\u54cd"},"content":{"rendered":"<p>\u6b27\u5143\u533a3\u6708CPI\uff08\u6d88\u8d39\u8005\u7269\u4ef7\u6307\u6570\uff0c\u8861\u91cf\u901a\u80c0\u7684\u6307\u6807\uff09\u7ec8\u503c\u5373\u5c06\u516c\u5e03\uff0c\u8fd9\u6216\u5c06\u8fdb\u4e00\u6b65\u8bf4\u660e\u4e0e\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u76f8\u5173\u7684\u80fd\u6e90\u51b2\u51fb\uff0c\u5982\u4f55\u5728\u6574\u4e2a\u8d27\u5e01\u8054\u76df\uff08\u4f7f\u7528\u6b27\u5143\u7684\u56fd\u5bb6\u548c\u5730\u533a\uff09\u5185\u63a8\u9ad8\u901a\u80c0\u3002\u5e02\u573a\u91cd\u70b9\u5728\u4e8e\uff1a\u80fd\u6e90\u4ef7\u683c\u4e0a\u6da8\u4f1a\u5728\u591a\u5927\u7a0b\u5ea6\u4e0a\u201c\u4f20\u5bfc\u201d\uff08\u6210\u672c\u4e0a\u5347\u9010\u6b65\u53cd\u6620\u5230\u5176\u4ed6\u5546\u54c1\u4e0e\u670d\u52a1\u4ef7\u683c\u4e0a\uff09\u5230\u66f4\u5e7f\u6cdb\u7684\u6b27\u5143\u533a\u901a\u80c0\u6307\u6807\u4e2d\u3002<\/p>\n<p>\u5308\u7259\u5229\u65b9\u9762\uff0c\u5728\u7ef4\u514b\u6258\u00b7\u6b27\u5c14\u73ed\uff08Viktor Orb\u00e1n\uff09\u9009\u4e3e\u5931\u5229\u540e\uff0c\u65b0\u4efb\u603b\u7406\u9a6c\u624e\u5c14\uff08Magyar\uff09\u8868\u793a\uff0c\u53ef\u80fd\u4f1a\u7ed3\u675f\u5308\u7259\u5229\u5bf9\u6b27\u76df\u5411\u4e4c\u514b\u5170\u63d0\u4f9b900\u4ebf\u6b27\u5143\u8d37\u6b3e\u7684\u963b\u6320\uff08\u201c\u5c01\u9501\/\u5426\u51b3\u201d\u6307\u7528\u4e00\u56fd\u7acb\u573a\u963b\u6b62\u6b27\u76df\u5171\u540c\u51b3\u5b9a\uff09\u3002\u4ed6\u4e5f\u91cd\u7533\u652f\u6301\u5317\u7ea6\uff08NATO\uff0c\u5317\u5927\u897f\u6d0b\u516c\u7ea6\u7ec4\u7ec7\uff09\uff0c\u4f46\u672a\u627f\u8bfa\u5bf9\u4e4c\u514b\u5170\u63d0\u4f9b\u540c\u7b49\u529b\u5ea6\u7684\u652f\u6301\u3002<\/p>\n<h3>\u6b27\u5143\u533a\u901a\u80c0\uff1a\u80fd\u6e90\u4ef7\u683c\u4f20\u5bfc<\/h3>\n<p>\u5728\u6b27\u76df\u5c42\u9762\uff0c\u6b27\u76df\u59d4\u5458\u4f1a\u4e3b\u5e2d\u4e4c\u5c14\u82cf\u62c9\u00b7\u51af\u5fb7\u83b1\u6069\uff08Ursula von der Leyen\uff09\u4e3b\u5f20\u5728\u5916\u4ea4\u653f\u7b56\u4e0a\uff0c\u4ece\u201c\u56fd\u5bb6\u5426\u51b3\u201d\uff08\u4efb\u4f55\u6210\u5458\u56fd\u53ef\u4e00\u7968\u5426\u51b3\uff09\u8f6c\u5411\u201c\u5408\u683c\u591a\u6570\u6295\u7968\u201d\uff08Qualified Majority Voting\uff0c\u9700\u8fbe\u5230\u89c4\u5b9a\u7684\u6210\u5458\u56fd\u6570\u91cf\u4e0e\u4eba\u53e3\u6bd4\u4f8b\u95e8\u69db\u624d\u7b97\u901a\u8fc7\uff09\u3002\u8be5\u63d0\u6848\u653f\u6cbb\u4e89\u8bae\u5927\uff0c\u5373\u4fbf\u5728\u666e\u904d\u652f\u6301\u66f4\u6df1\u5ea6\u6b27\u76df\u4e00\u4f53\u5316\u7684\u6210\u5458\u56fd\u5185\u90e8\u4e5f\u5b58\u5728\u5206\u6b67\u3002<\/p>\n<p>\u6211\u4eec\u5bc6\u5207\u5173\u6ce8\u6b27\u5143\u533a3\u6708CPI\u7ec8\u503c\uff0c\u56e0\u4e3a\u8fd9\u5c06\u662f\u7b2c\u4e00\u4efd\u5b8c\u6574\u6570\u636e\uff0c\u53cd\u6620\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u51b2\u7a81\u5f15\u53d1\u7684\u80fd\u6e90\u51b2\u51fb\u3002\u968f\u7740\u5e03\u4f26\u7279\u539f\u6cb9\uff08Brent\uff0c\u5168\u7403\u4e3b\u8981\u539f\u6cb9\u5b9a\u4ef7\u57fa\u51c6\u4e4b\u4e00\uff09\u57283\u6708\u4e0b\u65ec\u4e00\u5ea6\u98d9\u5347\u81f3\u6bcf\u6876115\u7f8e\u5143\u4ee5\u4e0a\uff0c\u521d\u6b65\u4f30\u8ba1\u663e\u793a\u603b\u4f53\u901a\u80c0\uff08headline inflation\uff0c\u5305\u542b\u80fd\u6e90\u4e0e\u98df\u54c1\u7684\u6574\u4f53\u901a\u80c0\uff09\u53ef\u80fd\u660e\u663e\u9ad8\u4e8e2026\u5e742\u6708\u76843.1%\uff0c\u4ece\u800c\u5e26\u6765\u8f83\u5927\u6ce2\u52a8\u3002\u4ea4\u6613\u5458\u9700\u8003\u8651\u6570\u636e\u201c\u610f\u5916\u201d\uff08\u5b9e\u9645\u503c\u663e\u8457\u504f\u79bb\u5e02\u573a\u9884\u671f\uff09\u7684\u53ef\u80fd\u6027\uff1a\u82e5\u901a\u80c0\u9ad8\u4e8e\u9884\u671f\uff0c\u53ef\u80fd\u8feb\u4f7f\u6b27\u6d32\u592e\u884c\uff08ECB\uff09\u5728\u5229\u7387\u8def\u5f84\u4e0a\u66f4\u504f\u201c\u9e70\u6d3e\u201d\uff08\u66f4\u503e\u5411\u52a0\u606f\u6216\u66f4\u4e45\u7ef4\u6301\u9ad8\u5229\u7387\uff09\u3002<\/p>\n<p>\u5308\u7259\u5229\u7684\u653f\u6cbb\u8f6c\u5411\uff0c\u524a\u5f31\u4e86\u6b27\u5143\u8ba1\u4ef7\u8d44\u4ea7\u7684\u4e3b\u8981\u963b\u529b\u3002900\u4ebf\u6b27\u5143\u4e4c\u514b\u5170\u8d37\u6b3e\u5de5\u5177\u53ef\u80fd\u201c\u89e3\u9501\u201d\uff0c\u610f\u5473\u7740\u6b27\u76df\u5185\u90e8\u653f\u6cbb\u4e00\u81f4\u6027\u56de\u5347\uff0c\u964d\u4f4e\u6b64\u524d\u538b\u5236\u6b27\u5143\u7684\u201c\u5c3e\u90e8\u98ce\u9669\u201d\uff08tail risk\uff0c\u5c0f\u6982\u7387\u4f46\u51b2\u51fb\u5de8\u5927\u7684\u98ce\u9669\uff09\u3002\u4ece\u6b27\u5143\u8868\u73b0\u770b\uff0c2025\u5e74\u672b\u6b27\u5143\u591a\u6b21\u96be\u4ee5\u7a81\u7834\u5173\u952e\u963b\u529b\u4f4d\uff0c\u5176\u4e2d\u5308\u7259\u5229\u5426\u51b3\u5a01\u80c1\u662f\u91cd\u8981\u6270\u52a8\u56e0\u7d20\u3002<\/p>\n<p>\u66f4\u957f\u671f\u6765\u770b\uff0c\u5916\u4ea4\u653f\u7b56\u63a8\u884c\u5408\u683c\u591a\u6570\u6295\u7968\uff0c\u5c5e\u4e8e\u7ed3\u6784\u6027\u5229\u597d\uff0c\u884d\u751f\u54c1\u4ea4\u6613\u5458\uff08derivatives traders\uff0c\u4ea4\u6613\u671f\u6743\u3001\u671f\u8d27\u7b49\u91d1\u878d\u5408\u7ea6\u7684\u4eba\uff09\u5e94\u6301\u7eed\u8ddf\u8e2a\u3002\u8be5\u6539\u9769\u610f\u5728\u907f\u514d\u5355\u4e00\u56fd\u5bb6\u9020\u6210\u51b3\u7b56\u201c\u5361\u6b7b\u201d\uff08gridlock\uff0c\u65e0\u6cd5\u63a8\u8fdb\uff09\uff0c\u51cf\u5c11\u8fc7\u53bb\u5728\u63f4\u52a9\u65b9\u6848\u4e0e\u5236\u88c1\u8bae\u9898\u4e0a\u5f15\u53d1\u7684\u5e02\u573a\u4e0d\u786e\u5b9a\u6027\u3002\u5373\u4f7f\u63a8\u8fdb\u7f13\u6162\uff0c\u4efb\u4f55\u8fdb\u5c55\u90fd\u53ef\u80fd\u964d\u4f4e\u957f\u671f\u6b27\u5143\u671f\u6743\uff08long-dated Euro options\uff0c\u5230\u671f\u65f6\u95f4\u8f83\u957f\u7684\u6b27\u5143\u671f\u6743\uff09\u4e2d\u5305\u542b\u7684\u653f\u6cbb\u98ce\u9669\u6ea2\u4ef7\uff08\u653f\u6cbb\u4e0d\u786e\u5b9a\u6027\u5e26\u6765\u7684\u989d\u5916\u5b9a\u4ef7\uff09\u3002<\/p>\n<h3>\u5bf9\u6b27\u5143\u5229\u7387\u4e0e\u5916\u6c47\u7684\u5f71\u54cd<\/h3>\n<p>\u56de\u770b2025\u5e74\uff0c\u5e02\u573a\u53d9\u4e8b\u5e38\u88ab\u6b27\u76df\u653f\u6cbb\u6469\u64e6\u4e3b\u5bfc\uff0c\u5e76\u538b\u5236\u6295\u8d44\u8005\u4fe1\u5fc3\u3002\u8fdb\u51652026\u5e744\u6708\uff0c\u5c40\u52bf\u4e0d\u540c\uff1a\u5316\u89e3\u653f\u6cbb\u50f5\u5c40\u53ef\u80fd\u4e3a\u6b27\u5143\u63d0\u4f9b\u652f\u6491\u201c\u5e95\u90e8\u201d\uff08\u4e0b\u884c\u7a7a\u95f4\u53d7\u9650\u7684\u652f\u6491\uff09\u3002\u4f46\u4e0e\u6b64\u540c\u65f6\uff0c\u65b0\u4e00\u8f6e\u7531\u80fd\u6e90\u63a8\u52a8\u7684\u901a\u80c0\u51b2\u51fb\uff08\u7c7b\u4f3c2022\u5e74\u7684\u80fd\u6e90\u5371\u673a\uff09\u53c8\u4e3a\u8d27\u5e01\u653f\u7b56\u5e26\u6765\u65b0\u7684\u4e0d\u786e\u5b9a\u6027\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6b27\u5143\u533a3\u6708CPI\u7ec8\u503c\u5c06\u63ed\u793a\u970d\u5c14\u6728\u5179\u80fd\u6e90\u51b2\u51fb\u4f20\u5bfc\u5f3a\u5ea6\uff0c\u6216\u4ee4ECB\u66f4\u9e70\uff0c\u6b27\u5143\u6ce2\u52a8\u52a0\u5267\u3002\u5308\u7259\u5229\u8f6c\u5411\u6216\u89e3\u9501900\u4ebf\u6b27\u5143\u63f4\u4e4c\u8d37\u6b3e\uff0c\u964d\u4f4e\u653f\u6cbb\u5c3e\u90e8\u98ce\u9669\u3002<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[129],"tags":[],"class_list":["post-44611","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/44611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/comments?post=44611"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/44611\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=44611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=44611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=44611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}