{"id":47226,"date":"2026-05-19T14:19:50","date_gmt":"2026-05-19T14:19:50","guid":{"rendered":"https:\/\/www.vtmarkets.com\/cn\/uncategorized\/%e8%8b%b1%e9%95%91%e8%b5%b0%e5%bc%b1%ef%bc%9a%e8%8b%b1%e5%9b%bd%e5%b0%b1%e4%b8%9a%e6%95%b0%e6%8d%ae%e9%99%8d%e6%b8%a9%e6%89%93%e5%8e%8b%e8%8b%b1%e4%bc%a6%e9%93%b6%e8%a1%8c%e5%8a%a0%e6%81%af%e9%a2%84\/"},"modified":"2026-05-19T14:19:50","modified_gmt":"2026-05-19T14:19:50","slug":"%e8%8b%b1%e9%95%91%e8%b5%b0%e5%bc%b1%ef%bc%9a%e8%8b%b1%e5%9b%bd%e5%b0%b1%e4%b8%9a%e6%95%b0%e6%8d%ae%e9%99%8d%e6%b8%a9%e6%89%93%e5%8e%8b%e8%8b%b1%e4%bc%a6%e9%93%b6%e8%a1%8c%e5%8a%a0%e6%81%af%e9%a2%84","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/cn\/live-updates\/%e8%8b%b1%e9%95%91%e8%b5%b0%e5%bc%b1%ef%bc%9a%e8%8b%b1%e5%9b%bd%e5%b0%b1%e4%b8%9a%e6%95%b0%e6%8d%ae%e9%99%8d%e6%b8%a9%e6%89%93%e5%8e%8b%e8%8b%b1%e4%bc%a6%e9%93%b6%e8%a1%8c%e5%8a%a0%e6%81%af%e9%a2%84\/","title":{"rendered":"\u82f1\u9551\u8d70\u5f31\uff1a\u82f1\u56fd\u5c31\u4e1a\u6570\u636e\u964d\u6e29\u6253\u538b\u82f1\u4f26\u94f6\u884c\u52a0\u606f\u9884\u671f\uff0c\u6389\u671f\u5b9a\u4ef7\u4ecd\u9ad8\u4f01"},"content":{"rendered":"

\u82f1\u9551\/\u7f8e\u5143\u5728\u4e0a\u6da8\u540e\u56de\u5410\u90e8\u5206\u6da8\u5e45\uff0c\u56e0\u4e3a\u82f1\u56fd\u52b3\u52a8\u529b\u5e02\u573a\u6570\u636e\u504f\u5f31\uff0c\u5e02\u573a\u56e0\u6b64\u4e0b\u8c03\u5bf9\u82f1\u4f26\u94f6\u884c\uff08BoE\uff0c\u82f1\u56fd\u592e\u884c\uff09\u7ee7\u7eed\u52a0\u606f\u7684\u9884\u671f\u30023\u6708\u5931\u4e1a\u7387\u4e0a\u53470.1\u4e2a\u767e\u5206\u70b9\uff08ppt\uff0c\u767e\u5206\u70b9\uff09\u81f35.0%\uff08\u5e02\u573a\u4e00\u81f4\u9884\u671f\uff1a4.9%\uff09\u3002<\/p>\n

4\u6708\u85aa\u8d44\u540d\u5355\u5c31\u4e1a\u4eba\u6570\uff08payroll employment\uff0c\u6307\u6309\u5de5\u8d44\u5355\u7edf\u8ba1\u7684\u53d7\u96c7\u4eba\u6570\uff09\u51cf\u5c1110\u4e07\u4eba\uff08\u5e02\u573a\u4e00\u81f4\u9884\u671f\uff1a\u51cf\u5c111\u4e07\u4eba\uff1b3\u6708\uff1a\u51cf\u5c112.8\u4e07\u4eba\uff09\uff0c\u4e3a2020\u5e745\u6708\u4ee5\u6765\u6700\u5927\u5355\u6708\u8dcc\u5e45\u3002\u6570\u636e\u663e\u793a\u52b3\u5de5\u9700\u6c42\u8f6c\u5f31\uff0c\u52b3\u52a8\u529b\u5e02\u573a\u201c\u95f2\u7f6e\u201d\uff08slack\uff0c\u6307\u804c\u4f4d\u7a7a\u7f3a\u51cf\u5c11\u3001\u6c42\u804c\u8005\u589e\u52a0\u3001\u85aa\u8d44\u538b\u529b\u4e0b\u964d\uff09\u4e0a\u5347\u3002<\/p>\n

Market Setup And Sterling Risk<\/h3>\n

\u79c1\u8425\u90e8\u95e8\u5e38\u89c4\u85aa\u8d44\uff08regular pay growth\uff0c\u5254\u9664\u5956\u91d1\u540e\u7684\u5de5\u8d44\u589e\u901f\uff09\u57283\u6708\u540c\u6bd4\u653e\u7f13\u81f33.0%\uff08\u5e02\u573a\u4e00\u81f4\u9884\u671f\uff1a3.1%\uff09\uff0c\u4f4e\u4e8e2\u6708\u76843.2%\u3002\u8fd9\u4e0d\u4ec5\u662f2020\u5e7410\u6708\u4ee5\u6765\u6700\u6162\u7684\u5de5\u8d44\u589e\u901f\uff0c\u4e5f\u4f4e\u4e8e\u82f1\u4f26\u94f6\u884c\u5bf9\u7b2c\u4e00\u5b63\uff08Q1\uff093.5%\u7684\u9884\u6d4b\u3002<\/p>\n

\u5229\u7387\u4e92\u6362\uff08swaps\uff0c\u5229\u7387\u6389\u671f\uff1b\u7528\u6765\u62bc\u6ce8\/\u5bf9\u51b2\u672a\u6765\u5229\u7387\u7684\u884d\u751f\u54c1\uff09\u5b9a\u4ef7\u4ecd\u6697\u793a\u672a\u676512\u4e2a\u6708\u82f1\u4f26\u94f6\u884c\u5c06\u52a0\u606f\u7ea675\u4e2a\u57fa\u70b9\uff08bps\uff1b1\u4e2a\u57fa\u70b9=0.01\u4e2a\u767e\u5206\u70b9\uff09\uff0c\u653f\u7b56\u5229\u7387\u6216\u5347\u81f34.50%\u3002\u82f1\u4f26\u94f6\u884c\u4f30\u7b97\uff0c2026\u5e74\u7ecf\u6d4e\u5c06\u51fa\u73b0-1.5%\u81f3-1.7%\u7684\u8d1f\u4ea7\u51fa\u7f3a\u53e3\uff08negative output gap\uff0c\u6307\u5b9e\u9645\u4ea7\u51fa\u4f4e\u4e8e\u6f5c\u5728\u4ea7\u51fa\uff0c\u4ee3\u8868\u9700\u6c42\u504f\u5f31\uff09\u5360\u6f5c\u5728GDP\u7684\u6bd4\u91cd\u3002<\/p>\n

\u6587\u7ae0\u4e5f\u63d0\u5230\u82f1\u56fd\u56fd\u5185\u653f\u6cbb\u4e0d\u786e\u5b9a\u6027\uff0c\u4ee5\u53ca\u82f1\u56fd\u4e92\u6362\u66f2\u7ebf\uff08swaps curve\uff0c\u4e0d\u540c\u671f\u9650\u5229\u7387\u4e92\u6362\u7684\u5229\u7387\u6c34\u5e73\uff09\u53ef\u80fd\u201c\u5411\u4e0b\u91cd\u4f30\u201d\uff08downward repricing\uff0c\u6307\u5e02\u573a\u628a\u672a\u6765\u5229\u7387\u9884\u671f\u4e0b\u8c03\uff09\uff0c\u8fd9\u53ef\u80fd\u524a\u5f31\u82f1\u9551\u3002\u6587\u4e2d\u6307\u51fa\u5185\u5bb9\u7531AI\u5de5\u5177\u751f\u6210\u5e76\u7ecf\u7f16\u8f91\u5ba1\u6838\u3002<\/p>\n

2026-05-19T13:48:42.264Z<\/p>\n

Trade Expression And Risk Management<\/h3>\n","protected":false},"excerpt":{"rendered":"

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