{"id":46775,"date":"2026-05-12T11:37:39","date_gmt":"2026-05-12T11:37:39","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46775\/"},"modified":"2026-05-12T11:37:39","modified_gmt":"2026-05-12T11:37:39","slug":"%e7%8b%ac%e9%80%a3%e9%82%a6%e9%8a%80%e8%a1%8c%e3%83%8a%e3%82%b2%e3%83%ab%e7%b7%8f%e8%a3%81%e3%80%81ecb%e3%81%ae%e8%bf%91%e3%81%8f2%e5%9b%9e%e3%81%ae%e5%88%a9%e4%b8%8a%e3%81%92%e3%82%92%e7%a4%ba","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/46775\/","title":{"rendered":"\u72ec\u9023\u90a6\u9280\u884c\u30ca\u30b2\u30eb\u7dcf\u88c1\u3001ECB\u306e\u8fd1\u304f2\u56de\u306e\u5229\u4e0a\u3052\u3092\u793a\u5506\u3000\u30e6\u30fc\u30ed\u306f\u30c9\u30eb\u9ad8\u3067\u4e0b\u843d"},"content":{"rendered":"

\u30e8\u30a2\u30d2\u30e0\u30fb\u30ca\u30fc\u30b2\u30eb\u72ec\u9023\u90a6\u9280\u884c\uff08\u30d6\u30f3\u30c7\u30b9\u30d0\u30f3\u30af\uff09\u7dcf\u88c1\u3067\u6b27\u5dde\u4e2d\u592e\u9280\u884c\uff08ECB\uff09\u7406\u4e8b\u4f1a\u30e1\u30f3\u30d0\u30fc\u306f\u706b\u66dc\u65e5\u3001\u57fa\u672c\u30b7\u30ca\u30ea\u30aa\u3068\u3057\u3066\u300c\u8fd1\u3044\u5c06\u6765\u306b\u5229\u4e0a\u3052\u30922\u56de\u884c\u3046\u300d\u3053\u3068\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u3068\u8ff0\u3079\u305f\u3002\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\uff08\u5c06\u6765\u306e\u7269\u4fa1\u4e0a\u6607\u7387\u306b\u95a2\u3059\u308b\u5e02\u5834\u3084\u5bb6\u8a08\u306e\u898b\u901a\u3057\uff09\u304c\u76ee\u6a19\u304b\u3089\u5916\u308c\u3066\u5b9a\u7740\u3057\u306a\u304f\u306a\u3063\u305f\u5834\u5408\uff08\u30a2\u30f3\u30ab\u30fc\u304c\u5916\u308c\u308b\u72b6\u614b\uff09\u3001ECB\u306f\u5bfe\u5fdc\u3059\u308b\u3068\u3057\u30016\u6708\u306e\u5224\u65ad\u306f\u7d4c\u6e08\u6307\u6a19\u306a\u3069\u306e\u30c7\u30fc\u30bf\u6b21\u7b2c\u306b\u306a\u308b\u3068\u3082\u8a9e\u3063\u305f\u3002<\/p>\n

\u30e6\u30fc\u30ed\u76f8\u5834\u306e\u53cd\u5fdc\u306f\u9650\u5b9a\u7684\u3060\u3063\u305f\u3002EUR\/USD\u306f\u7d041.1745\u30680.33%\u4e0b\u843d\u3057\u3001\u7c73\u30c9\u30eb\u9ad8\u304c\u80cc\u666f\u306b\u3042\u308b\u3002<\/p>\n

European Central Bank Mandate<\/h3>\n

\u30d5\u30e9\u30f3\u30af\u30d5\u30eb\u30c8\u306b\u672c\u90e8\u3092\u7f6e\u304fECB\u306f\u3001\u30e6\u30fc\u30ed\u570f\u306e\u91d1\u5229\u3092\u6c7a\u3081\u3001\u91d1\u878d\u653f\u7b56\uff08\u666f\u6c17\u3084\u7269\u4fa1\u306b\u5f71\u97ff\u3059\u308b\u305f\u3081\u306e\u4e2d\u592e\u9280\u884c\u306e\u653f\u7b56\uff09\u3092\u904b\u55b6\u3059\u308b\u3002\u4f7f\u547d\uff08\u30de\u30f3\u30c7\u30fc\u30c8\uff09\u306f\u7269\u4fa1\u306e\u5b89\u5b9a\u3067\u3001\u30a4\u30f3\u30d5\u30ec\u7387\uff08\u7269\u4fa1\u4e0a\u6607\u7387\uff09\u306e\u76ee\u6a19\u306f\u304a\u304a\u3080\u306d2%\u5468\u8fba\u3002\u91d1\u5229\u5909\u66f4\u306f\u30e6\u30fc\u30ed\u306e\u4fa1\u5024\u306b\u5f71\u97ff\u3057\u5f97\u308b\u3002<\/p>\n

\u653f\u7b56\u306f\u5e748\u56de\u306e\u4f1a\u5408\u3067\u7406\u4e8b\u4f1a\u304c\u6c7a\u5b9a\u3059\u308b\u3002\u7406\u4e8b\u4f1a\u306f\u30e6\u30fc\u30ed\u570f\u5404\u56fd\u306e\u4e2d\u592e\u9280\u884c\u7dcf\u88c1\u3068\u3001ECB\u306e\u5e38\u4efb\u7406\u4e8b6\u4eba\uff08\u30af\u30ea\u30b9\u30c6\u30a3\u30fc\u30cc\u30fb\u30e9\u30ac\u30eb\u30c9\u7dcf\u88c1\u3092\u542b\u3080\uff09\u3067\u69cb\u6210\u3055\u308c\u308b\u3002<\/p>\n

\u91cf\u7684\u7de9\u548c\uff08QE\uff09\u306f\u3001\u4e2d\u592e\u9280\u884c\u304c\u65b0\u305f\u306b\u8cc7\u91d1\u3092\u4f9b\u7d66\u3057\u3066\u56fd\u50b5\u3084\u793e\u50b5\u306a\u3069\u306e\u8cc7\u7523\u3092\u8cb7\u3044\u5165\u308c\u308b\u653f\u7b56\u3067\u3001\u4e00\u822c\u306b\u901a\u8ca8\u5b89\uff08\u30e6\u30fc\u30ed\u5b89\uff09\u8981\u56e0\u306b\u306a\u308a\u3084\u3059\u3044\u3002ECB\u306f2009\u301c11\u5e74\u30012015\u5e74\u3001\u305d\u3057\u3066\u65b0\u578b\u30b3\u30ed\u30ca\u6d41\u884c\u671f\u306bQE\u3092\u5b9f\u65bd\u3057\u305f\u3002<\/p>\n

\u91cf\u7684\u5f15\u304d\u7de0\u3081\uff08QT\uff09\u306fQE\u306e\u53cd\u5bfe\u3067\u3001\u666f\u6c17\u56de\u5fa9\u304c\u9032\u307f\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u4e0a\u304c\u308b\u5c40\u9762\u3067\u7528\u3044\u3089\u308c\u308b\u3002\u65b0\u898f\u306e\u56fd\u50b5\u8cb7\u3044\u5165\u308c\u3092\u6b62\u3081\u3001\u511f\u9084\u3092\u8fce\u3048\u305f\u50b5\u5238\u306e\u5143\u672c\u3092\u518d\u6295\u8cc7\u3057\u306a\u3044\uff08\u6e80\u671f\u5230\u6765\u5206\u306e\u8cb7\u3044\u66ff\u3048\u3092\u3057\u306a\u3044\uff09\u3053\u3068\u3067\u3001\u5e02\u5834\u306e\u8cc7\u91d1\u91cf\u3092\u6291\u3048\u3001\u30e6\u30fc\u30ed\u3092\u4e0b\u652f\u3048\u3057\u5f97\u308b\u3002<\/p>\n

Market Implications For Traders<\/h3>\n

\u30ca\u30fc\u30b2\u30eb\u6c0f\u304c\u793a\u3057\u305f\u300c\u8fd1\u304f2\u56de\u306e\u5229\u4e0a\u3052\u300d\u306f\u3001\u7269\u4fa1\u4e0a\u6607\u5727\u529b\u3078\u306e\u76f4\u63a5\u7684\u306a\u5bfe\u5fdc\u3060\u3002\u6b27\u5dde\u7d71\u8a08\u5c40\uff08Eurostat\uff09\u306e2026\u5e744\u6708\u306e\u901f\u5831\u63a8\u8a08\u3067\u306f\u3001HICP\uff08\u8abf\u548c\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff1d\u5404\u56fd\u306e\u7269\u4fa1\u6307\u6a19\u3092\u6bd4\u8f03\u3057\u3084\u3059\u304f\u8abf\u6574\u3057\u305f\u30e6\u30fc\u30ed\u570f\u306e\u4ee3\u8868\u7684\u30a4\u30f3\u30d5\u30ec\u6307\u6a19\uff09\u304c2.9%\u306b\u4e0a\u632f\u308c\u3057\u30012025\u5e74\u672b\u306e2.4%\u304b\u3089\u5927\u304d\u304f\u4e0a\u6607\u3057\u305f\u3002\u3053\u308c\u306b\u3088\u308a\u3001ECB\u306e6\u6708\u4f1a\u5408\u306f\u653f\u7b56\u5909\u66f4\u306e\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u5c40\u9762\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n

\u305f\u3060\u3057\u3001\u3053\u3046\u3057\u305f\u5f15\u304d\u7de0\u3081\u5bc4\u308a\uff08\u30bf\u30ab\u6d3e\uff09\u306e\u767a\u8a00\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u30e6\u30fc\u30ed\u304c1.1745\u3078\u4e0b\u843d\u3057\u305f\u3053\u3068\u306f\u3001\u5e02\u5834\u306e\u95a2\u5fc3\u304c\u5f53\u9762\u3001\u7c73\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\uff09\u306b\u5411\u3044\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3059\u3002\u7c73\u56fd\u3067\u306f2026\u5e744\u6708\u306e\u96c7\u7528\u7d71\u8a08\u304c\u5f37\u304f\u3001\u975e\u8fb2\u696d\u90e8\u9580\u96c7\u7528\u8005\u6570\uff08NFP\uff1d\u8fb2\u696d\u5206\u91ce\u3092\u9664\u304f\u5c31\u696d\u8005\u6570\uff09\u304c25\u4e07\u4eba\u5897\u3068\u306a\u3063\u305f\u3002FRB\u304cECB\u3088\u308a\u7a4d\u6975\u7684\u306b\u5229\u4e0a\u3052\u3059\u308b\u3068\u306e\u898b\u65b9\u3092\u88dc\u5f37\u3057\u3066\u3044\u308b\u3002\u901a\u8ca8\u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u3068\u3063\u3066\u306f\u3001\u3053\u306e\u91d1\u5229\u5dee\u304c\u73fe\u5728\u306e\u4e3b\u8981\u306a\u6750\u6599\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n

\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\uff08\u91d1\u878d\u6d3e\u751f\u5546\u54c1\uff09\u53d6\u5f15\u3067\u306f\u3001ECB\u306e\u767a\u8a00\u3068\u5e02\u5834\u306e\u5024\u52d5\u304d\u306e\u98df\u3044\u9055\u3044\u306f\u5909\u52d5\u306e\u62e1\u5927\u306b\u3064\u306a\u304c\u308a\u3084\u3059\u3044\u3002EUR\/USD\u30aa\u30d7\u30b7\u30e7\u30f3\u306e1\u30ab\u6708\u30a4\u30f3\u30d7\u30e9\u30a4\u30c9\u30fb\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff08\u5e02\u5834\u304c\u898b\u8fbc\u3080\u5c06\u6765\u306e\u5909\u52d5\u7387\uff09\u306f\u3001\u5148\u6708\u306e\u7d046.5%\u306e\u4f4e\u6c34\u6e96\u304b\u30897.8%\u307e\u3067\u4e0a\u6607\u3057\u3066\u304a\u308a\u30016\u6708\u4f1a\u5408\u306b\u5411\u3051\u3066\u3053\u306e\u50be\u5411\u304c\u7d9a\u304f\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u30b9\u30c8\u30e9\u30c9\u30eb\uff08\u540c\u3058\u6a29\u5229\u884c\u4f7f\u4fa1\u683c\u306e\u30b3\u30fc\u30eb\u3068\u30d7\u30c3\u30c8\u3092\u540c\u6642\u306b\u8cb7\u3046\u6226\u7565\uff09\u3084\u30b9\u30c8\u30e9\u30f3\u30b0\u30eb\uff08\u7570\u306a\u308b\u6a29\u5229\u884c\u4f7f\u4fa1\u683c\u306e\u30b3\u30fc\u30eb\u3068\u30d7\u30c3\u30c8\u3092\u540c\u6642\u306b\u8cb7\u3046\u6226\u7565\uff09\u306f\u3001\u65b9\u5411\u6027\u306b\u95a2\u308f\u3089\u305a\u5909\u52d5\u62e1\u5927\u3092\u72d9\u3046\u624b\u6bb5\u3068\u306a\u308a\u5f97\u308b\u3002<\/p>\n

2022\u301c2023\u5e74\u306e\u5229\u4e0a\u3052\u5c40\u9762\u3067\u306f\u3001ECB\u304c\u30a4\u30f3\u30d5\u30ec\u5bfe\u5fdc\u3067\u5f8c\u624b\u306b\u56de\u3063\u3066\u3044\u308b\u3068\u898b\u3089\u308c\u3001\u5f53\u521d\u306e\u30bf\u30ab\u6d3e\u30b7\u30b0\u30ca\u30eb\u304c\u7591\u308f\u308c\u3001\u30e6\u30fc\u30ed\u3082\u51fa\u9045\u308c\u305f\u3002ECB\u304c\u5b9f\u969b\u306e\u884c\u52d5\u3067\u59ff\u52e2\u3092\u793a\u3057\u3066\u521d\u3081\u3066\u3001\u30e6\u30fc\u30ed\u9ad8\u304c\u9032\u307f\u3084\u3059\u304f\u306a\u3063\u305f\u7d4c\u7def\u304c\u3042\u308b\u3002\u73fe\u72b6\u306e\u5024\u52d5\u304d\u306f\u3001\u30e9\u30ac\u30eb\u30c9\u7dcf\u88c1\u304c\u30ca\u30fc\u30b2\u30eb\u6c0f\u306e\u898b\u89e3\u306b\u540c\u8abf\u3057\u3001\u5e02\u5834\u304c\u78ba\u4fe1\u3092\u6301\u3066\u308b\u307e\u3067\u5f85\u3063\u3066\u3044\u308b\u53ef\u80fd\u6027\u3092\u793a\u5506\u3059\u308b\u3002<\/p>\n

\u73fe\u6642\u70b9\u3067\u3001\u30e6\u30fc\u30ed\u9ad8\u3092\u72d9\u3063\u3066\u30b3\u30fc\u30eb\uff08\u8cb7\u3046\u6a29\u5229\uff09\u3092\u8cb7\u3046\u3001\u3042\u308b\u3044\u306f\u30b3\u30fc\u30eb\u30fb\u30b9\u30d7\u30ec\u30c3\u30c9\uff08\u6a29\u5229\u884c\u4f7f\u4fa1\u683c\u306e\u7570\u306a\u308b\u30b3\u30fc\u30eb\u3092\u8cb7\u3044\u30fb\u58f2\u308a\u3067\u7d44\u307f\u5408\u308f\u305b\u3001\u30b3\u30b9\u30c8\u3068\u4e0a\u5024\u3092\u9650\u5b9a\u3059\u308b\u6226\u7565\uff09\u3067\u5f37\u6c17\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u4f5c\u308b\u306e\u306f\u65e9\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u4eca\u5f8c\u6570\u9031\u9593\u306f\u3001\u91d1\u5229\u5148\u7269\uff08\u5c06\u6765\u306e\u91d1\u5229\u6c34\u6e96\u3092\u7e54\u308a\u8fbc\u3080\u5148\u7269\u5e02\u5834\uff09\u306e\u5909\u5316\u3001\u7279\u306bEuribor\u5148\u7269\uff08\u30e6\u30fc\u30ed\u570f\u306e\u77ed\u671f\u91d1\u5229\u3092\u53c2\u7167\u3059\u308b\u5148\u7269\uff09\u306b\u6ce8\u76ee\u3059\u308b\u306e\u304c\u5f97\u7b56\u3060\u3002\u305d\u3053\u3067\u5927\u304d\u306a\u518d\u8a55\u4fa1\uff08\u7e54\u308a\u8fbc\u307f\u306e\u5909\u5316\uff09\u304c\u8d77\u304d\u308c\u3070\u3001\u5e02\u5834\u5168\u4f53\u304cECB\u306e\u30bf\u30ab\u6d3e\u59ff\u52e2\u3092\u672c\u6c17\u3067\u7e54\u308a\u8fbc\u307f\u59cb\u3081\u305f\u5177\u4f53\u7684\u306a\u30b5\u30a4\u30f3\u306b\u306a\u308b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

ECB\u30ca\u30fc\u30b2\u30eb\u6c0f\u3001\u8fd1\u304f\u5229\u4e0a\u30522\u56de\u3092\u57fa\u672c\u30b7\u30ca\u30ea\u30aa\u3068\u793a\u5506\u20146\u6708\u5224\u65ad\u306f\u30c7\u30fc\u30bf\u6b21\u7b2c\u3002\u30a4\u30f3\u30d5\u30ec\u518d\u52a0\u901f\u3067\u3082\u30e6\u30fc\u30ed\u53cd\u5fdc\u8584\u304f\u3001\u7c73\u91d1\u5229\u9ad8\u3067\u4e0a\u5024\u91cd\u3044\u3002\u30dc\u30e9\u4e0a\u6607\u3001\u5c40\u9762\u8ee2\u63db\u5f85\u3061\u3002<\/p>\n","protected":false},"author":116,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-46775","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/46775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/users\/116"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/comments?post=46775"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/46775\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/media?parent=46775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/categories?post=46775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/tags?post=46775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}