{"id":48173,"date":"2026-06-01T22:27:50","date_gmt":"2026-06-01T22:27:50","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e5%b8%82%e5%9c%ba%e5%b7%b2%e6%b6%88%e5%8c%96%e6%ac%a7%e6%b4%b2%e5%a4%ae%e8%a1%8c6%e6%9c%88%e5%8a%a0%e6%81%af%ef%bc%8c%e7%84%a6%e7%82%b9%e8%bd%ac%e5%90%91%e5%89%8d%e7%9e%bb%e6%8c%87%e5%bc%95%e4%b8%8e\/"},"modified":"2026-06-01T22:27:50","modified_gmt":"2026-06-01T22:27:50","slug":"%e5%b8%82%e5%9c%ba%e5%b7%b2%e6%b6%88%e5%8c%96%e6%ac%a7%e6%b4%b2%e5%a4%ae%e8%a1%8c6%e6%9c%88%e5%8a%a0%e6%81%af%ef%bc%8c%e7%84%a6%e7%82%b9%e8%bd%ac%e5%90%91%e5%89%8d%e7%9e%bb%e6%8c%87%e5%bc%95%e4%b8%8e","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e5%b8%82%e5%9c%ba%e5%b7%b2%e6%b6%88%e5%8c%96%e6%ac%a7%e6%b4%b2%e5%a4%ae%e8%a1%8c6%e6%9c%88%e5%8a%a0%e6%81%af%ef%bc%8c%e7%84%a6%e7%82%b9%e8%bd%ac%e5%90%91%e5%89%8d%e7%9e%bb%e6%8c%87%e5%bc%95%e4%b8%8e\/","title":{"rendered":"\u5e02\u573a\u5df2\u6d88\u5316\u6b27\u6d32\u592e\u884c6\u6708\u52a0\u606f\uff0c\u7126\u70b9\u8f6c\u5411\u524d\u77bb\u6307\u5f15\u4e0e\u6b27\u5143\u8d70\u52bf"},"content":{"rendered":"

\u5e02\u573a\u5df2\u4e3a\u6b27\u6d32\u592e\u884c\uff08ECB\uff09\u57286\u670811\u65e5\u4f1a\u8bae\u4e0a\u52a0\u606f\u4f5c\u597d\u90e8\u7f72\uff0c\u7126\u70b9\u8f6c\u5411\u6b27\u5143\u7684\u524d\u77bb\u6307\u5f15\u3002\u6267\u884c\u59d4\u5458\u4f1a\u6210\u5458\u4f0a\u838e\u8d1d\u5c14\u00b7\u65bd\u7eb3\u8d1d\u5c14\uff08Isabel Schnabel\uff09\u7684\u8bc4\u8bba\u663e\u793a\uff0cECB\u4e0d\u592a\u613f\u610f\u201c\u5ffd\u89c6\u201d\u80fd\u6e90\u51b2\u51fb\uff0c\u540c\u65f6\u63d0\u5230\u901a\u80c0\u9884\u671f\u8131\u951a\u98ce\u9669\u4e0a\u5347\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u62c9\u52a0\u5fb7\uff08Lagarde\uff09\u884c\u957f\u5728\u4e9a\u6d32\u7684\u53d1\u8a00\u56f4\u7ed5\u201c\u4fe1\u8a89\u4e0e\u884c\u52a8\u201d\uff0c\u8fdb\u4e00\u6b65\u5f3a\u5316\u5e02\u573a\u5bf9\u653f\u7b56\u6c9f\u901a\uff08\u800c\u4e0d\u53ea\u662f\u77ed\u671f\u8fd9\u4e00\u52a8\u4f5c\uff09\u7684\u5173\u6ce8\u3002<\/p>\n

\u653e\u773cG10\u65e5\u7a0b\uff0c\u672c\u6708\u6709\u4e5d\u5bb6\u592e\u884c\u53ec\u5f00\u8bae\u606f\u4f1a\u8bae\uff0c\u552f\u72ec\u65b0\u897f\u5170\u592e\u884c\uff08RBNZ\uff09\u672a\u5217\u5165\u5b89\u6392\u3002\u4ece\u9694\u591c\u6307\u6570\u6389\u671f\uff08OIS\uff09\u5b9a\u4ef7\u6765\u770b\uff0cECB\u4e0e\u65e5\u672c\u592e\u884c\uff08BoJ\uff09\u88ab\u89c6\u4e3a\u6700\u53ef\u80fd\u91c7\u53d6\u884c\u52a8\u7684\u4e24\u5bb6\u592e\u884c\uff0c\u5c3d\u7ba1\u4e2d\u4e1c\u51b2\u7a81\u76f8\u5173\u4e0d\u786e\u5b9a\u6027\u4ecd\u5728\u3002\u6700\u65b0\u901a\u80c0\u6570\u636e\u663e\u793a\uff0c\u660e\u65e5\u516c\u5e03\u7684\u6b27\u5143\u533a\u5e74\u5ea6CPI\u6599\u4e0a\u5347\uff0c\u5e02\u573a\u9884\u671f\u4ece3.0%\u5347\u81f33.2%\uff0c\u4e0e\u4e09\u83f1\u65e5\u8054\uff08MUFG\uff09\u9884\u6d4b\u4e00\u81f4\u3002\u7531\u4e8e\u9884\u671f\u51b3\u7b56\u5df2\u63a5\u8fd1\u88ab\u5e02\u573a\u5b8c\u5168\u8ba1\u4ef7\uff0c\u5173\u6ce8\u70b9\u843d\u5728\u6307\u5f15\u662f\u5426\u4e3a\u8fdb\u4e00\u6b65\u52a0\u606f\u4fdd\u7559\u7a7a\u95f4\u3002<\/p>\n

ECB Rate Hike Expectations and Market Pricing<\/h3>\n

\u6211\u4eec\u51e0\u4e4e\u4e0d\u6000\u7591\u6b27\u6d32\u592e\u884c\u4f1a\u57286\u670811\u65e5\u4f1a\u8bae\u4e0a\u4e0a\u8c03\u5173\u952e\u5229\u7387\u3002\u8fd1\u671f\u5305\u62ec\u4f0a\u838e\u8d1d\u5c14\u00b7\u65bd\u7eb3\u8d1d\u5c14\u5728\u5185\u7684\u59d4\u5458\u4f1a\u6210\u5458\u8868\u6001\uff0c\u663e\u793a\u5bf9\u901a\u80c0\u9884\u671f\u6b63\u5728\u8131\u951a\u7684\u62c5\u5fe7\u5347\u6e29\u3002\u8fd9\u4e0e\u62c9\u52a0\u5fb7\u884c\u957f\u7684\u5f3a\u786c\u53e3\u5f84\u76f8\u547c\u5e94\u2014\u2014\u5979\u5f3a\u8c03\uff0c\u4fe1\u8a89\u5fc5\u987b\u901a\u8fc7\u884c\u52a8\u6765\u8d62\u5f97\u3002<\/p>\n

\u6700\u65b0\u901a\u80c0\u6570\u636e\u4ee4\u91c7\u53d6\u884c\u52a8\u51e0\u4e4e\u6210\u4e3a\u5b9a\u6848\uff1a\u5bf92026\u5e745\u6708\u7684\u521d\u503c\u4f30\u8ba1\u663e\u793a\uff0c\u6b27\u5143\u533aCPI\u4ece4\u6708\u76842.7%\u5347\u81f32.9%\u3002\u5728\u7ecf\u6d4e\u653e\u7f13\u4e4b\u9645\u901a\u80c0\u4ecd\u5177\u9ecf\u6027\uff1b2026\u5e74\u7b2c\u4e00\u5b63\u5ea6GDP\u589e\u957f\u4ec50.2%\uff0c\u8868\u73b0\u75b2\u5f31\u3002\u8fd9\u8ba9ECB\u5904\u5883\u66f4\u4e3a\u68d8\u624b\uff0c\u4f46\u6211\u4eec\u8ba4\u4e3a\u5176\u5c06\u4f18\u5148\u9009\u62e9\u6297\u901a\u80c0\u3002<\/p>\n

\u672c\u6b21\u52a0\u606f\u672c\u8eab\u57fa\u672c\u5df2\u88ab\u5e02\u573a\u8ba1\u4ef7\uff0c\u9694\u591c\u6307\u6570\u6389\u671f\u6697\u793a\u52a0\u606f25\u4e2a\u57fa\u70b9\u7684\u6982\u7387\u7ea6\u4e3a85%\u3002\u56e0\u6b64\uff0c\u51b3\u5b9a\u6b27\u5143\u8d70\u5411\u7684\u5173\u952e\u5c06\u662f\u65b0\u95fb\u53d1\u5e03\u4f1a\u4e0a\u7684\u524d\u77bb\u6307\u5f15\u3002\u6211\u4eec\u5c06\u7559\u610f\u662f\u5426\u91ca\u653e7\u6708\u62169\u6708\u518d\u5ea6\u52a0\u606f\u7684\u4efb\u4f55\u7ebf\u7d22\u3002<\/p>\n

Market Volatility and Trading Strategies Around Forward Guidance<\/h3>\n

\u9274\u4e8e\u52a0\u606f\u5df2\u5728\u9884\u671f\u4e4b\u5185\uff0c\u6211\u4eec\u9884\u8ba1\u6ce2\u52a8\u7387\u7684\u8df3\u5347\u4f1a\u66f4\u591a\u53d1\u751f\u5728\u524d\u77bb\u6307\u5f15\u9636\u6bb5\uff0c\u800c\u975e\u5229\u7387\u51b3\u5b9a\u672c\u8eab\u3002\u884d\u751f\u54c1\u4ea4\u6613\u8005\u53ef\u8003\u8651\u5229\u7528\u6f5c\u5728\u4ef7\u683c\u6446\u52a8\u83b7\u5229\u7684\u7b56\u7565\uff0c\u4f8b\u5982\u9488\u5bf9EUR\/USD\u90e8\u7f72\u77ed\u671f\u9650\u8de8\u5f0f\uff08straddles\uff09\uff0c\u4ee5\u62bc\u6ce8\u5728ECB\u672a\u6765\u8def\u5f84\u66f4\u6e05\u6670\u540e\uff0c\u6c47\u4ef7\u5411\u4efb\u4e00\u65b9\u5411\u51fa\u73b0\u8f83\u5927\u6ce2\u52a8\u3002<\/p>\n

\u57282022-2023\u5e74\u90a3\u8f6e\u6fc0\u8fdb\u52a0\u606f\u5468\u671f\u4e2d\uff0c\u6211\u4eec\u5df2\u89c1\u8fc7\u7c7b\u4f3c\u201c\u5267\u672c\u201d\uff0c\u5f53\u65f6ECB\u679c\u65ad\u51fa\u624b\u4ee5\u63a7\u5236\u901a\u80c0\u3002\u82e5\u524d\u77bb\u6307\u5f15\u504f\u9e70\u6d3e\uff0c\u6697\u793a\u540e\u7eed\u4ecd\u53ef\u80fd\u52a0\u606f\uff0c\u901a\u5e38\u5c06\u5229\u591a\u6b27\u5143\u3002\u8fd9\u4e5f\u53ef\u80fd\u4ee4\u505a\u591a\u6b27\u5143\u3001\u5bf9\u51b2\u90a3\u4e9b\u592e\u884c\u66f4\u504f\u9e3d\u6d3e\u7684\u8d27\u5e01\u7684\u5229\u5dee\u4ea4\u6613\uff08carry trade\uff09\u66f4\u5177\u5438\u5f15\u529b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5e02\u573a\u51e0\u4e4e\u5df2\u62bc\u6ce8ECB 6\u670811\u65e5\u52a0\u606f25\u57fa\u70b9\uff0c\u8d54\u7387\u7ea685%\u3002\u771f\u6b63\u5f15\u7206\u6b27\u5143\u7684\uff0c\u662f\u65bd\u7eb3\u8d1d\u5c14\u4e0e\u62c9\u52a0\u5fb7\u5f3a\u8c03\u901a\u80c0\u8131\u951a\u3001\u4fe1\u8a89\u884c\u52a8\u4e0b\u7684\u524d\u77bb\u6307\u5f15\u3002<\/p>\n","protected":false},"author":12,"featured_media":47958,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[129],"tags":[],"class_list":["post-48173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/48173","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=48173"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/48173\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media\/47958"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=48173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=48173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=48173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}