{"id":51008,"date":"2026-07-09T17:28:24","date_gmt":"2026-07-09T17:28:24","guid":{"rendered":"https:\/\/www.vtmarkets.com\/cn-asia\/uncategorized\/imf%e4%b8%8b%e8%b0%832026%e5%b9%b4%e5%85%a8%e7%90%83%e5%a2%9e%e9%95%bf%e5%b1%95%e6%9c%9b%ef%bc%8c%e9%80%9a%e8%83%80%e5%86%8d%e5%ba%a6%e5%8a%a0%e9%80%9f%e5%8d%87%e6%b8%a9%ef%bc%8c%e6%8f%90%e5%8d%87\/"},"modified":"2026-07-09T17:28:24","modified_gmt":"2026-07-09T17:28:24","slug":"imf%e4%b8%8b%e8%b0%832026%e5%b9%b4%e5%85%a8%e7%90%83%e5%a2%9e%e9%95%bf%e5%b1%95%e6%9c%9b%ef%bc%8c%e9%80%9a%e8%83%80%e5%86%8d%e5%ba%a6%e5%8a%a0%e9%80%9f%e5%8d%87%e6%b8%a9%ef%bc%8c%e6%8f%90%e5%8d%87","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/cn-asia\/live-updates\/imf%e4%b8%8b%e8%b0%832026%e5%b9%b4%e5%85%a8%e7%90%83%e5%a2%9e%e9%95%bf%e5%b1%95%e6%9c%9b%ef%bc%8c%e9%80%9a%e8%83%80%e5%86%8d%e5%ba%a6%e5%8a%a0%e9%80%9f%e5%8d%87%e6%b8%a9%ef%bc%8c%e6%8f%90%e5%8d%87\/","title":{"rendered":"IMF\u4e0b\u8c032026\u5e74\u5168\u7403\u589e\u957f\u5c55\u671b\uff0c\u901a\u80c0\u518d\u5ea6\u52a0\u901f\u5347\u6e29\uff0c\u63d0\u5347\u80a1\u5e02\u6ede\u80c0\u98ce\u9669"},"content":{"rendered":"

BNY\u8868\u793a\uff0cIMF\u5df2\u5c062026\u5e74\u5168\u7403\u589e\u957f\u9884\u6d4b\u4e0b\u8c03\u81f33.0%\uff0c\u8fd9\u5c06\u5bf9\u80fd\u6e90\u51fa\u53e3\u56fd\u3001\u79d1\u6280\u5360\u6bd4\u8f83\u9ad8\u7684\u7ecf\u6d4e\u4f53\u4ee5\u53ca\u4f4e\u6536\u5165\u8fdb\u53e3\u56fd\u9020\u6210\u4e0d\u5747\u8861\u5f71\u54cd\uff0c\u5e76\u53ef\u80fd\u5de6\u53f3\u80a1\u5e02\u8868\u73b0\u3002\u9884\u8ba12027\u5e74\u589e\u957f\u5c06\u56de\u5347\u81f33.4%\uff0c\u4f46\u4ecd\u4f4e\u4e8e2024\u5e74\u4e0e2025\u5e74\u5f55\u5f97\u76843.5%\u5e73\u5747\u6c34\u5e73\u3002\u5728\u6b64\u80cc\u666f\u4e0b\uff0c\u5e02\u573a\u8bc4\u4f30\u805a\u7126\u4e8e\u504f\u9ad8\u4f30\u503c\u3001\u52a8\u80fd\u964d\u6e29\uff0c\u4ee5\u53ca\u4ece\u201c\u52a0\u901f\u201d\u8f6c\u5411\u201c\u76d8\u6574\u201d\u7684\u9636\u6bb5\u6027\u53d8\u5316\u3002<\/p>\n

\u5728\u7269\u4ef7\u65b9\u9762\uff0cIMF\u9884\u8ba1\u5168\u7403\u603b\u4f53\u901a\u80c0\u5c06\u4ece2025\u5e74\u76844.1%\u4e0a\u5347\u81f32026\u5e74\u76844.7%\uff0c\u968f\u540e\u4e8e2027\u5e74\u56de\u843d\u81f33.9%\uff0c\u663e\u793a\u901a\u80c0\u56de\u843d\uff08disinflation\uff09\u8d8b\u52bf\u53ef\u80fd\u505c\u6ede\u3002\u76f8\u5173\u8bc4\u8bba\u5f15\u8ff0\u65e5\u672c\u592e\u884c\uff08BoJ\uff09\u4e0e\u7ebd\u7ea6\u8054\u50a8\u7684\u8b66\u544a\u79f0\uff0c\u66f4\u9ad8\u7684\u80fd\u6e90\u4ef7\u683c\u4e0e\u5173\u7a0e\u4ecd\u53ef\u80fd\u7ee7\u7eed\u5411\u901a\u80c0\u4f20\u5bfc\uff0c\u540c\u65f6\u66f4\u5e7f\u6cdb\u7684\u6ede\u80c0\u98ce\u9669\u6b63\u5728\u4e0a\u5347\u3002\u8bc4\u8bba\u4ea6\u63d0\u5230\uff0c\u4e0b\u884c\u98ce\u9669\u5305\u62ec\u51b2\u7a81\u518d\u8d77\u3001\u8d38\u6613\u788e\u7247\u5316\uff0c\u4ee5\u53ca\u7531\u79d1\u6280\u677f\u5757\u7275\u5f15\u7684\u6f5c\u5728\u56de\u8c03\u3002<\/p>\n

\u80a1\u5e02\u6311\u6218\u4e0e\u6ede\u80c0\u98ce\u9669<\/h3>\n

\u8fd1\u671f\u5c062026\u5e74\u5168\u7403\u589e\u957f\u9884\u6d4b\u4e0b\u8c03\u81f3\u75b2\u5f31\u76843.0%\uff0c\u9884\u793a\u80a1\u5e02\u9762\u4e34\u4e00\u6bb5\u66f4\u5177\u6311\u6218\u6027\u7684\u65f6\u671f\u3002\u968f\u7740\u5168\u7403\u603b\u4f53\u901a\u80c0\u9884\u8ba1\u57282026\u5e74\u91cd\u65b0\u52a0\u901f\u81f34.7%\uff0c\u6574\u4f53\u5b8f\u89c2\u73af\u5883\u6307\u5411\u6ede\u80c0\u98ce\u9669\u3002\u6211\u4eec\u8ba4\u4e3a\uff0c\u201c\u589e\u957f\u653e\u7f13 + \u901a\u80c0\u9ecf\u6027\u504f\u9ad8\u201d\u7684\u7ec4\u5408\uff0c\u610f\u5473\u7740\u672a\u6765\u6570\u5468\u4ea4\u6613\u7b56\u7565\u6709\u5fc5\u8981\u66f4\u504f\u9632\u5fa1\u3002<\/p>\n

\u6211\u4eec\u89c2\u5bdf\u5230\uff0c\u5728\u8d22\u62a5\u5b63\u524d\u5915\uff0c\u5e02\u573a\u6b63\u627f\u53d7\u4f30\u503c\u504f\u9ad8\u4e0e\u52a8\u80fd\u8d70\u5f31\u7684\u53cc\u91cd\u538b\u529b\u3002\u6700\u65b0\u6570\u636e\u663e\u793a\uff0c\u6807\u666e500\u7684\u8fdc\u671f\u5e02\u76c8\u7387\uff08forward P\/E\uff09\u5f98\u5f8a\u5728\u7ea627\u500d\uff0c\u663e\u8457\u9ad8\u4e8e\u5386\u53f2\u5747\u503c16\u500d\uff0c\u610f\u5473\u7740\u80a1\u7968\u5b9a\u4ef7\u5df2\u53cd\u6620\u51fa\u53ef\u80fd\u65e0\u6cd5\u5151\u73b0\u7684\u589e\u957f\u6c34\u5e73\u3002\u8fd9\u4f7f\u5f97\u5e02\u573a\u5bf9\u4efb\u4f55\u8d1f\u9762\u610f\u5916\u5c24\u5176\u8106\u5f31\u3002<\/p>\n

\u9632\u5fa1\u6027\u914d\u7f6e\u4e0e\u677f\u5757\u8f6e\u52a8<\/h3>\n

\u5728\u4e0a\u8ff0\u9006\u98ce\u56e0\u7d20\u4e0b\uff0c\u6211\u4eec\u6b63\u5728\u5728\u7eb3\u65af\u8fbe\u514b100\u7b49\u4e3b\u8981\u6307\u6570\u4e0a\u589e\u52a0\u4fdd\u62a4\u6027\u8ba4\u6cbd\u671f\u6743\uff08protective put\uff09\uff0c\u4ee5\u5bf9\u51b2\u6f5c\u5728\u56de\u8c03\u98ce\u9669\u30022026\u5e746\u6708\u6700\u65b0CPI\u62a5\u544a\u9ad8\u4e8e\u9884\u671f\u3001\u8fbe4.5%\uff0c\u8fdb\u4e00\u6b65\u5f3a\u5316\u6211\u4eec\u5bf9\u201c\u901a\u80c0\u5c1a\u672a\u53d7\u63a7\u201d\u7684\u5224\u65ad\u3002\u56e0\u6b64\uff0c\u4e5f\u5e94\u8003\u8651\u914d\u7f6e\u53d7\u76ca\u4e8e\u6ce2\u52a8\u7387\u4e0a\u5347\u7684\u4ed3\u4f4d\uff0c\u4f8b\u5982VIX\u770b\u6da8\u671f\u6743\uff08call options\uff09\u3002<\/p>\n

\u79d1\u6280\u677f\u5757\u56de\u8c03\u4ecd\u662f\u5173\u952e\u5a01\u80c1\u4e4b\u4e00\uff0c\u56e0\u4e3a\u8be5\u677f\u5757\u5bf9\u66f4\u9ad8\u5229\u7387\u4e0e\u589e\u957f\u653e\u7f13\u66f4\u4e3a\u654f\u611f\u3002\u6211\u4eec\u6b63\u4e3a\u8d44\u91d1\u4ece\u4f30\u503c\u504f\u9ad8\u7684\u6210\u957f\u80a1\u8f6e\u52a8\u81f3\u66f4\u9632\u5fa1\u7684\u677f\u5757\u8fdb\u884c\u5e03\u5c40\u3002\u5f53\u524d\u73af\u5883\u4ee4\u4eba\u8054\u60f3\u5230\u4e0a\u4e16\u7eaa70\u5e74\u4ee3\u672b\u7684\u6ede\u80c0\u65f6\u671f\uff0c\u5f53\u65f6\u9ad8\u901a\u80c0\u4e0e\u5f31\u589e\u957f\u5f15\u53d1\u4e86\u6301\u7eed\u65f6\u95f4\u8f83\u957f\u7684\u718a\u5e02\u3002<\/p>\n\n\n\n

\u7acb\u5373\u5f00\u59cb\u4ea4\u6613 \u2014 \u70b9\u51fb\u8fd9\u91cc<\/a>\u521b\u5efa\u60a8\u7684 VT Markets \u771f\u5b9e\u8d26\u6237\u3002<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

IMF\u4e0b\u8c032026\u5168\u7403\u589e\u957f\u81f33.0%\u3001\u901a\u80c0\u5347\u81f34.7%\uff1a\u6ede\u80c0\u9634\u5f71\u7b3c\u7f69\u3002\u6807\u666e\u4f30\u503c27\u500d\u52a8\u80fd\u8f6c\u5f31\uff0c\u79d1\u6280\u6613\u56de\u8c03\uff1b\u5efa\u8bae\u8f6c\u9632\u5fa1\uff0c\u5e03\u5c40\u4fdd\u62a4\u6027\u8ba4\u6cbd\u4e0eVIX\u770b\u6da8\u671f\u6743\u3002<\/p>\n","protected":false},"author":87,"featured_media":50119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-51008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/posts\/51008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/comments?post=51008"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/posts\/51008\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/media\/50119"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/media?parent=51008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/categories?post=51008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/tags?post=51008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}