{"id":46167,"date":"2026-05-04T04:58:21","date_gmt":"2026-05-04T04:58:21","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e6%96%b0%e8%a5%bf%e5%85%b0%e5%a4%ae%e8%a1%8c%e5%a7%94%e5%91%98%e6%99%ae%e6%8b%89%e6%a1%91%e7%ba%b3%c2%b7%e7%9b%96%e4%bc%8a%e7%a7%b0%ef%bc%9a%e5%85%88%e5%8f%91%e5%88%b6%e4%ba%ba%e7%9a%84%e6%94%b6\/"},"modified":"2026-05-04T04:58:21","modified_gmt":"2026-05-04T04:58:21","slug":"%e6%96%b0%e8%a5%bf%e5%85%b0%e5%a4%ae%e8%a1%8c%e5%a7%94%e5%91%98%e6%99%ae%e6%8b%89%e6%a1%91%e7%ba%b3%c2%b7%e7%9b%96%e4%bc%8a%e7%a7%b0%ef%bc%9a%e5%85%88%e5%8f%91%e5%88%b6%e4%ba%ba%e7%9a%84%e6%94%b6","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e6%96%b0%e8%a5%bf%e5%85%b0%e5%a4%ae%e8%a1%8c%e5%a7%94%e5%91%98%e6%99%ae%e6%8b%89%e6%a1%91%e7%ba%b3%c2%b7%e7%9b%96%e4%bc%8a%e7%a7%b0%ef%bc%9a%e5%85%88%e5%8f%91%e5%88%b6%e4%ba%ba%e7%9a%84%e6%94%b6\/","title":{"rendered":"\u65b0\u897f\u5170\u592e\u884c\u59d4\u5458\u666e\u62c9\u6851\u7eb3\u00b7\u76d6\u4f0a\u79f0\uff1a\u5148\u53d1\u5236\u4eba\u7684\u6536\u7d27\u9700\u5f3a\u529b\u540c\u6b65\u4e0e\u4e3b\u52a8\u534f\u8c03\u673a\u5236\uff0c\u4e14\u4e0d\u5e26\u504f\u89c1"},"content":{"rendered":"

\u65b0\u897f\u5170\u50a8\u5907\u94f6\u884c\uff08RBNZ\uff09\u8463\u4e8b\u4f1a\u6210\u5458\u666e\u62c9\u6851\u7eb3\u00b7\u76d6\u4f0a\uff08Prasanna Gai\uff09\u5468\u4e00\u8868\u793a\uff0c\u8981\u201c\u63d0\u524d\u6536\u7d27\u201d\uff08pre-emptive tightening\uff0c\u6307\u5728\u901a\u80c0\u6216\u7ecf\u6d4e\u8fc7\u70ed\u5c1a\u672a\u5b8c\u5168\u663e\u73b0\u524d\uff0c\u5148\u63d0\u9ad8\u5229\u7387\u6216\u6536\u7d27\u91d1\u878d\u6761\u4ef6\uff09\uff0c\u5fc5\u987b\u5177\u5907\u5f3a\u540c\u6b65\u6027\uff0c\u5e76\u4e14\u8981\u6709\u6709\u6548\u3001\u79ef\u6781\u8fd0\u4f5c\u7684\u534f\u8c03\u673a\u5236\u3002\u4ed6\u6307\u51fa\uff0c\u76ee\u524d\u770b\u4e0d\u51fa\u5b58\u5728\u201c\u81ea\u52a8\u6536\u7d27\u504f\u5411\u201d\uff08automatic tightening bias\uff0c\u6307\u653f\u7b56\u4f1a\u81ea\u52a8\u503e\u5411\u4e8e\u66f4\u7d27\u7684\u65b9\u5411\uff0c\u800c\u4e0d\u9700\u66f4\u591a\u8bc1\u636e\u6216\u8ba8\u8bba\uff09\u3002<\/p>\n

\u4ed6\u8865\u5145\uff0c\u53ea\u6709\u5728\u540c\u6b65\u6027\u5f3a\u3001\u534f\u8c03\u673a\u5236\u79ef\u6781\u8fd0\u4f5c\u65f6\uff0c\u201c\u63d0\u524d\u6536\u7d27\u201d\u624d\u5408\u7406\u3002\u4ed6\u4e5f\u8868\u793a\uff0c\u5728\u4f20\u7edf\u653f\u7b56\u6846\u67b6\u4e0b\uff0c\u5f53\u524d\u73af\u5883\u652f\u6301\u91c7\u53d6\u201c\u770b\u7a7f\u5f0f\u201d\uff08look-through\uff0c\u6307\u5bf9\u77ed\u671f\u3001\u4e00\u6b21\u6027\u6ce2\u52a8\u5148\u4e0d\u6025\u7740\u53cd\u5e94\uff0c\u66f4\u5173\u6ce8\u4e2d\u957f\u671f\u8d8b\u52bf\uff09\u7684\u5904\u7406\u65b9\u5f0f\u3002<\/p>\n

Rbnz \u6697\u793a\u5229\u7387\u5c06\u7ef4\u6301\u4e0d\u53d8<\/h3>\n

\u622a\u81f3\u672c\u6587\u64b0\u5199\u65f6\uff0c\u7ebd\u5143\/\u7f8e\u5143\uff08NZD\/USD\uff09\u4ea4\u6295\u57280.5910\u9644\u8fd1\uff0c\u65e5\u5185\u4e0a\u6da80.20%\u3002<\/p>\n

\u6700\u65b0\u8868\u6001\u663e\u793a\uff0c\u65b0\u897f\u5170\u50a8\u5907\u94f6\u884c\u5728\u53ef\u9884\u89c1\u672a\u6765\u5c06\u628a\u5229\u7387\u7ef4\u6301\u4e0d\u53d8\u3002\u8fd9\u4e0e\u5176\u4ed6\u592e\u884c\uff08\u4f8b\u5982\u7f8e\u56fd\u8054\u90a6\u50a8\u5907\u5c40\/\u7f8e\u8054\u50a8\uff0cFederal Reserve\uff09\u53ef\u80fd\u7ee7\u7eed\u7ef4\u6301\u66f4\u7d27\u653f\u7b56\u5f62\u6210\u660e\u663e\u5206\u5316\u3002\u56e0\u6b64\uff0c\u7ebd\u5143\u8fd1\u671f\u8d70\u5f3a\u53ef\u89c6\u4e3a\u9022\u9ad8\u5356\u51fa\u673a\u4f1a\u3002<\/p>\n

\u5728\u65b0\u897f\u5170\u5b98\u65b9\u73b0\u91d1\u5229\u7387\uff08OCR\uff0cOfficial Cash Rate\uff0c\u76f8\u5f53\u4e8e\u592e\u884c\u7684\u653f\u7b56\u5229\u7387\uff09\u7ef4\u6301\u57285.50%\u3001\u800c2026\u5e74\u7b2c\u4e00\u5b63\u5ea6\u901a\u80c0\u4ecd\u504f\u9ad8\u3001\u8fbe\u52303.6%\u7684\u60c5\u51b5\u4e0b\uff0cRBNZ\u77ed\u671f\u5185\u96be\u4ee5\u8f6c\u5411\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u7f8e\u56fd\u8054\u90a6\u57fa\u91d1\u5229\u7387\uff08federal funds rate\uff0c\u7f8e\u56fd\u7684\u4e3b\u8981\u653f\u7b56\u5229\u7387\u533a\u95f4\uff09\u7ef4\u6301\u57285.75%\uff0c\u5f62\u6210\u5229\u5dee\uff08yield differential\uff0c\u6307\u4e24\u56fd\u5229\u7387\u5dee\u8ddd\uff09\u4f18\u52bf\uff0c\u5229\u597d\u7f8e\u5143\u3002\u8fd9\u4e2a\u57fa\u672c\u9762\u5dee\u8ddd\u6301\u7eed\u5438\u5f15\u8d44\u91d1\u6d41\u5411\u7f8e\u56fd\uff0c\u5bf9\u7ebd\u5143\u6784\u6210\u538b\u529b\u3002<\/p>\n

\u672a\u6765\u6570\u5468\uff0c\u6211\u4eec\u8ba4\u4e3a\u4ea4\u6613\u8005\u53ef\u8003\u8651\u4e70\u5165\u7ebd\u5143\/\u7f8e\u5143\u770b\u8dcc\u671f\u6743\uff08put options\uff0c\u6307\u5728\u5230\u671f\u524d\u6309\u7ea6\u5b9a\u4ef7\u683c\u5356\u51fa\u6807\u7684\u7684\u6743\u5229\uff0c\u7528\u4e8e\u62bc\u6ce8\u4e0b\u8dcc\u6216\u505a\u4fdd\u62a4\uff09\uff0c\u5e03\u5c40\u6c47\u4ef7\u4e0b\u884c\uff0c\u76ee\u68070.5800\u3002\u53e6\u4e00\u79cd\u7b56\u7565\u662f\u5356\u51fa\u865a\u503c\u770b\u6da8\u671f\u6743\uff08out-of-the-money call options\uff0c\u6307\u884c\u6743\u4ef7\u9ad8\u4e8e\u5f53\u524d\u4ef7\u683c\u7684\u770b\u6da8\u671f\u6743\uff0c\u901a\u5e38\u7528\u4e8e\u8d5a\u53d6\u6743\u5229\u91d1\uff0c\u5e76\u62bc\u6ce8\u4e0a\u6da8\u7a7a\u95f4\u6709\u9650\uff09\u3002\u8fd9\u4e9b\u7b56\u7565\u53cd\u6620\u7684\u6838\u5fc3\u89c2\u70b9\u662f\uff1aRBNZ\u504f\u201c\u8010\u5fc3\u201d\u7684\u201c\u770b\u7a7f\u5f0f\u201d\u505a\u6cd5\uff0c\u53ef\u80fd\u7ee7\u7eed\u62d6\u7d2f\u6c47\u7387\u8868\u73b0\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

RBNZ\u8463\u4e8b\u76d6\u4f0a\u79f0\u6682\u65e0\u201c\u81ea\u52a8\u6536\u7d27\u504f\u5411\u201d\uff0c\u66f4\u503e\u5411\u770b\u7a7f\u77ed\u671f\u6ce2\u52a8\uff0c\u5229\u7387\u6599\u7ef4\u6301\u4e0d\u53d8\u3002\u4e0e\u7f8e\u8054\u50a8\u7d27\u7f29\u5206\u5316\uff0c\u5229\u5dee\u6491\u7f8e\u5143\u538b\u7ebd\u5143\uff1b\u5efa\u8bae\u4f3a\u673a\u5e03\u5c40NZD\/USD\u4e0b\u884c\u81f30.5800\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-46167","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\/46167","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=46167"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/46167\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=46167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=46167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=46167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}