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TD\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u30fc\u30ba\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u6226\u7565\u30c1\u30fc\u30e0\u306f\u3001\u8c6a\u5dde\u306e2026\/27\u5e74\u5ea6\uff08\u4f1a\u8a08\u5e74\u5ea6\uff09\u4e88\u7b97\u306b\u3064\u3044\u3066\u3001\u8ca1\u653f\u30b9\u30bf\u30f3\u30b9\uff08\u653f\u5e9c\u306e\u652f\u51fa\u3084\u6e1b\u7a0e\u306a\u3069\u3067\u666f\u6c17\u306b\u4e0e\u3048\u308b\u5f71\u97ff\uff09\u304c\u3084\u3084\u62e1\u5f35\u7684\uff08\u666f\u6c17\u3092\u62bc\u3057\u4e0a\u3052\u308b\u65b9\u5411\uff09\u3067\u3042\u308a\u3001\u8ca1\u653f\u904b\u55b6\u304c\u7de9\u3080\u4e00\u65b9\u3001\u8ca1\u52d9\u7701\uff08Treasury\uff09\u306e\u898b\u901a\u3057\u304c\u8c6a\u6e96\u5099\u9280\u884c\uff08RBA\uff09\u306e\u60f3\u5b9a\u3088\u308a\u524d\u5411\u304d\u3060\u3068\u6307\u6458\u3057\u305f\u3002\u4e88\u7b97\u95a2\u9023\u8cc7\u6599\u306b\u3088\u308c\u3070\u3001\u57fa\u790e\u7684\u73fe\u91d1\u53ce\u652f\uff08Underlying cash balance\uff1a\u4e00\u6642\u7684\u8981\u56e0\u3084\u8cc7\u7523\u58f2\u5374\u306a\u3069\u306e\u5f71\u97ff\u3092\u9664\u304d\u3001\u6b73\u5165\u3068\u6b73\u51fa\u306e\u5dee\u3092\u73fe\u91d1\u30d9\u30fc\u30b9\u3067\u793a\u3059\u6307\u6a19\uff09\u306f\u3001\u4e2d\u671f\u898b\u901a\u3057\uff08forward estimates\uff1a\u4eca\u5f8c\u6570\u5e74\u306e\u4e88\u7b97\u898b\u901a\u3057\uff09\u3067A$450\u5104\u6539\u5584\u3059\u308b\u3002<\/p>\n

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\u8ca1\u653f\u898b\u901a\u3057\u3068RBA\u3078\u306e\u542b\u610f<\/h3>\n

TD\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u30fc\u30ba\u306f\u3001\u4fdd\u5b88\u7684\u306a\u5546\u54c1\u5e02\u6cc1\u524d\u63d0\uff08commodity assumptions\uff1a\u8cc7\u6e90\u4fa1\u683c\u306a\u3069\u306e\u524d\u63d0\u3092\u63a7\u3048\u3081\u306b\u7f6e\u304f\u3053\u3068\uff09\u306b\u3088\u308a\u3001\u5b9f\u969b\u306e\u8d64\u5b57\u306f\u898b\u901a\u3057\u3088\u308a\u5c0f\u3055\u304f\u306a\u308b\u4f59\u5730\u304c\u3042\u308b\u3068\u3059\u308b\u3002\u3055\u3089\u306b\u3001\u8ca1\u52d9\u7701\u306e\u898b\u901a\u3057\u304cRBA\u3088\u308a\u5b9f\u7e3e\u306b\u8fd1\u3044\u306a\u3089\u3001RBA\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\uff08policy tightening\uff1a\u5229\u4e0a\u3052\u306a\u3069\u3067\u9700\u8981\u3092\u6291\u3048\u3001\u30a4\u30f3\u30d5\u30ec\u3092\u4e0b\u3052\u308b\u653f\u7b56\uff09\u3092\u8ffd\u52a0\u3067\u884c\u3046\u5fc5\u8981\u304c\u51fa\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u4ed8\u3051\u52a0\u3048\u305f\u3002<\/p>\n

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