{"id":48788,"date":"2026-06-15T02:31:02","date_gmt":"2026-06-15T02:31:02","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/48788\/"},"modified":"2026-06-15T02:31:02","modified_gmt":"2026-06-15T02:31:02","slug":"%e4%b8%ad%e5%9b%bd%e4%ba%ba%e6%b0%91%e9%8a%80%e8%a1%8c%ef%bc%88pboc%ef%bc%89%e3%80%81%e4%ba%ba%e6%b0%91%e5%85%83%e3%81%ae%e5%9f%ba%e6%ba%96%e5%80%a4%e3%82%92%e5%bc%b7%e3%82%81%e3%81%ab%e8%a8%ad","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/48788\/","title":{"rendered":"\u4e2d\u56fd\u4eba\u6c11\u9280\u884c\uff08PBoC\uff09\u3001\u4eba\u6c11\u5143\u306e\u57fa\u6e96\u5024\u3092\u5f37\u3081\u306b\u8a2d\u5b9a\u3000\u8f38\u51fa\u4f4e\u8ff7\u3068\u614e\u91cd\u306a\u7de9\u548c\u898b\u901a\u3057\u306e\u4e2d\u3067\u6bb5\u968e\u7684\u306a\u5143\u9ad8\u3092\u793a\u5506"},"content":{"rendered":"

\u4e2d\u56fd\u4eba\u6c11\u9280\u884c\uff08PBOC\uff09\u306f\u6708\u66dc\u65e5\u306e\u7c73\u30c9\u30eb\uff0f\u4eba\u6c11\u5143\uff08USD\/CNY\uff09\u57fa\u6e96\u5024\u30926.8088\u306b\u8a2d\u5b9a\u3057\u305f\u3002\u524d\u65e5\u306e\u57fa\u6e96\u5024\u306f6.8109\u3001\u30ed\u30a4\u30bf\u30fc\u306e\u4e88\u60f3\u306f6.7544\u3060\u3063\u305f\u3002\u3053\u306e\u57fa\u6e96\u5024\u306f\u30aa\u30f3\u30b7\u30e7\u30a2\u53d6\u5f15\u306b\u304a\u3051\u308b\u65e5\u6b21\u306e\u53c2\u7167\u70b9\u3068\u306a\u308a\u3001\u7d4c\u6e08\u6210\u9577\u3092\u4e0b\u652f\u3048\u3057\u3064\u3064\u3001\u70ba\u66ff\u5b89\u5b9a\u3092\u542b\u3080\u7269\u4fa1\u5b89\u5b9a\u306e\u7dad\u6301\u3001\u306a\u3089\u3073\u306b\u5e02\u5834\u958b\u653e\u3084\u5e02\u5834\u80b2\u6210\u3068\u3044\u3063\u305f\u91d1\u878d\u6539\u9769\u3092\u63a8\u9032\u3059\u308b\u3068\u3044\u3046\u4e2d\u9280\u306e\u5e83\u7bc4\u306a\u8077\u52d9\u6a29\u9650\u306e\u67a0\u5185\u306b\u4f4d\u7f6e\u3065\u3051\u3089\u308c\u308b\u3002<\/p>\n

PBOC\u306f\u4e2d\u83ef\u4eba\u6c11\u5171\u548c\u56fd\u306e\u56fd\u5bb6\u304c\u4fdd\u6709\u3057\u3066\u304a\u308a\u3001\u72ec\u7acb\u3057\u305f\u6a5f\u95a2\u3067\u306f\u306a\u3044\u3002\u653f\u7b56\u904b\u55b6\u306e\u65b9\u5411\u6027\u306f\u3001\u7dcf\u88c1\u3067\u306f\u306a\u304f\u3001\u4e2d\u56fd\u5171\u7523\u515a\u306e\u515a\u59d4\u54e1\u4f1a\u66f8\u8a18\uff08\u56fd\u52d9\u9662\u7dcf\u7406\u304c\u6307\u540d\uff09\u306b\u3088\u3063\u3066\u5f62\u4f5c\u3089\u308c\u308b\u3002\u6f58\u529f\u52dd\u6c0f\u304c\u73fe\u5728\u3001\u3053\u306e2\u5f79\u3092\u517c\u52d9\u3057\u3066\u3044\u308b\u3002\u653f\u7b56\u624b\u6bb5\u306f\u30017\u65e5\u7269\u30ea\u30d0\u30fc\u30b9\u30ec\u30dd\u91d1\u5229\u3001\u4e2d\u671f\u8cb8\u51fa\u30d5\u30a1\u30b7\u30ea\u30c6\u30a3\uff08MLF\uff09\u3001\u70ba\u66ff\u4ecb\u5165\u3001\u9810\u91d1\u6e96\u5099\u7387\uff08RRR\uff09\u306a\u3069\u306b\u53ca\u3076\u3002\u4e00\u65b9\u3001\u30ed\u30fc\u30f3\u30d7\u30e9\u30a4\u30e0\u30ec\u30fc\u30c8\uff08LPR\uff09\u306f\u3001\u8cb8\u51fa\u91d1\u5229\u3084\u4f4f\u5b85\u30ed\u30fc\u30f3\u91d1\u5229\u3001\u9810\u91d1\u91d1\u5229\u3078\u76f4\u63a5\u6ce2\u53ca\u3059\u308b\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u3067\u3042\u308b\u3002\u4e2d\u56fd\u306b\u306f\u30c7\u30b8\u30bf\u30eb\u7cfb\u306e\u5fae\u8846\u9280\u884c\uff08WeBank\uff09\u3084\u7db2\u5546\u9280\u884c\uff08MYbank\uff09\u3092\u542b\u3080\u6c11\u55b6\u9280\u884c\u304c19\u884c\u3042\u308a\u30012014\u5e74\u306b\u306f\u56fd\u5185\u8cc7\u672c\u306e\u6c11\u9593\u8cb8\u3057\u624b\u304c\u56fd\u6709\u4e3b\u5c0e\u306e\u91d1\u878d\u30b7\u30b9\u30c6\u30e0\u306b\u53c2\u5165\u3059\u308b\u3053\u3068\u304c\u8a8d\u3081\u3089\u308c\u305f\u3002<\/p>\n

PBOC Exchange Rate Signaling and Market Strategy<\/h3>\n

\u4e2d\u56fd\u4eba\u6c11\u9280\u884c\u306f\u672c\u65e5\u3001\u4eba\u6c11\u5143\u3092\u3088\u308a\u9ad8\u304f\u8a2d\u5b9a\u3057\u305f\u3082\u306e\u306e\u3001\u5e02\u5834\u304c\u60f3\u5b9a\u3057\u3066\u3044\u305f\u307b\u3069\u5f37\u3044\u6c34\u6e96\u306b\u306f\u3057\u306a\u304b\u3063\u305f\u3002\u3053\u306e\u30b7\u30b0\u30ca\u30eb\u306f\u3001\u6025\u6fc0\u3067\u5236\u5fa1\u4e0d\u80fd\u306a\u4e0a\u6607\u3067\u306f\u306a\u304f\u3001\u6bb5\u968e\u7684\u306a\u901a\u8ca8\u9ad8\u3092\u9078\u597d\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u5506\u3059\u308b\u3068\u307f\u3089\u308c\u308b\u3002\u5e02\u5834\u306e\u671f\u5f85\u3092\u7ba1\u7406\u3057\u3001\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u3092\u56de\u907f\u3059\u308b\u305f\u3081\u306e\u610f\u56f3\u7684\u306a\u5bfe\u5fdc\u3060\u3068\u5f53\u793e\u306f\u8003\u3048\u308b\u3002<\/p>\n

\u76f4\u8fd1\u306e\u30c7\u30fc\u30bf\u3082\u3053\u306e\u614e\u91cd\u59ff\u52e2\u3092\u88cf\u4ed8\u3051\u3066\u3044\u308b\u30025\u6708\u306e\u8f38\u51fa\u4f38\u3073\u7387\u306f1.5%\u3068\u5c0f\u5e45\u306b\u3068\u3069\u307e\u308a\u3001\u5e02\u5834\u4e88\u60f3\uff08\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\uff09\u3092\u4e0b\u56de\u3063\u305f\u3002\u4eba\u6c11\u5143\u304c\u6025\u901f\u306b\u4e0a\u6607\u3059\u308c\u3070\u3001\u65e2\u306b\u4e16\u754c\u9700\u8981\u306e\u9006\u98a8\u306b\u76f4\u9762\u3057\u3066\u3044\u308b\u8f38\u51fa\u4f01\u696d\u306b\u306f\u4e00\u6bb5\u306e\u5727\u529b\u3068\u306a\u308b\u3002\u5f93\u3063\u3066\u3001\u5f53\u5c40\u306f\u904e\u5ea6\u306a\u901a\u8ca8\u9ad8\u306b\u5bfe\u3057\u3066\u5f15\u304d\u7d9a\u304d\u6291\u5236\u59ff\u52e2\uff08\u30ea\u30fc\u30f3\u30fb\u30a2\u30b2\u30a4\u30f3\u30b9\u30c8\uff09\u3092\u5f37\u3081\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3002<\/p>\n

Policy Tools, Easing Prospects and Investment Approaches<\/h3>\n

\u5f53\u793e\u306f\u3001\u4e3b\u8981\u653f\u7b56\u624b\u6bb5\u3067\u3042\u308b\u30ed\u30fc\u30f3\u30d7\u30e9\u30a4\u30e0\u30ec\u30fc\u30c8\uff08LPR\uff09\u306b\u3064\u3044\u3066\u3001\u5f53\u9762\u306f\u636e\u3048\u7f6e\u304b\u308c\u308b\u3068\u307f\u308b\u3002LPR\u306f3.45%\u30674\u30ab\u6708\u9023\u7d9a\u306e\u636e\u3048\u7f6e\u304d\u3068\u306a\u3063\u3066\u3044\u308b\u30025\u6708\u306e\u6d88\u8cbb\u8005\u30a4\u30f3\u30d5\u30ec\u7387\u306f0.8%\u3068\u4f4e\u6c34\u6e96\u3067\u3042\u308a\u3001\u6210\u9577\u304c\u5931\u901f\u3059\u308b\u5834\u5408\u306b\u306fPBOC\u304c\u7de9\u548c\u306b\u52d5\u304f\u4f59\u5730\u304c\u3042\u308b\u3002\u3053\u306e\u300c\u7de9\u548c\u4f59\u5730\u300d\u306e\u5b58\u5728\u306f\u3001\u77ed\u671f\u7684\u306b\u4eba\u6c11\u5143\u9ad8\u304c\u9032\u3080\u4e0a\u5024\u3092\u6291\u3048\u308b\u8981\u56e0\u3068\u306a\u308b\u3002<\/p>\n

\u3053\u3046\u3057\u305f\u898b\u901a\u3057\u3092\u8e0f\u307e\u3048\u3001\u5f53\u793e\u306fUSD\/CNY\u306e\u4f4e\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u304b\u3089\u53ce\u76ca\u6a5f\u4f1a\u3092\u5f97\u308b\u6226\u7565\u3001\u4f8b\u3048\u3070\u77ed\u671f\u7269\u30b9\u30c8\u30e9\u30f3\u30b0\u30eb\u306e\u58f2\u308a\u3092\u691c\u8a0e\u3057\u3066\u3044\u308b\u3002\u5f53\u5c40\u306e\u5bfe\u5fdc\u306f\u5b9f\u8cea\u7684\u306b\u4e0a\u4e0b\u3044\u305a\u308c\u306e\u65b9\u5411\u306e\u5024\u52d5\u304d\u3082\u6291\u3048\u3053\u3093\u3067\u304a\u308a\u3001\u30aa\u30d7\u30b7\u30e7\u30f3\u30fb\u30d7\u30ec\u30df\u30a2\u30e0\u306e\u7372\u5f97\u306b\u9069\u3057\u305f\u74b0\u5883\u3068\u306a\u308a\u5f97\u308b\u3002\u73fe\u6642\u70b9\u3067\u4eba\u6c11\u5143\u9ad8\u65b9\u5411\u3078\u306e\u5f37\u3044\u65b9\u5411\u6027\u30d9\u30c3\u30c8\u306f\u30ea\u30b9\u30af\u304c\u9ad8\u3059\u304e\u308b\u3068\u307f\u308b\u3002<\/p>\n

\u3053\u306e\u3088\u3046\u306a\u7ba1\u7406\u3055\u308c\u305f\u901a\u8ca8\u9ad8\u306f\u30012018\u301c2019\u5e74\u306b\u5916\u90e8\u5727\u529b\u306e\u4e0b\u3067\u65e5\u3005\u306e\u57fa\u6e96\u5024\u3092\u5f37\u3081\u306b\u8a2d\u5b9a\u3057\u3001\u901a\u8ca8\u3092\u30a2\u30f3\u30ab\u30fc\u3057\u3066\u3044\u305f\u624b\u6cd5\u3092\u60f3\u8d77\u3055\u305b\u308b\u3002\u5f53\u6642\u306e\u7d4c\u9a13\u5247\u306f\u3001PBOC\u304c\u4f55\u3088\u308a\u3082\u5b89\u5b9a\u3092\u512a\u5148\u3057\u3001\u5fc5\u8981\u306b\u5fdc\u3058\u3066\u4ecb\u5165\u3059\u308b\u3053\u3068\u3092\u793a\u5506\u3059\u308b\u3002\u70ba\u66ff\u30ec\u30fc\u30c8\u3092\u8a98\u5c0e\u3059\u308b\u5f53\u5c40\u306e\u610f\u601d\u306e\u5f37\u3055\u3092\u904e\u5c0f\u8a55\u4fa1\u3059\u3079\u304d\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n

\u4eca\u3059\u3050\u53d6\u5f15\u3092\u59cb\u3081\u307e\u3057\u3087\u3046 \u2014 VT Markets\u306e\u30ea\u30a2\u30eb\u53e3\u5ea7\u3092\u958b\u8a2d\u3059\u308b\u306b\u306f\u3053\u3061\u3089<\/a>\u3092\u30af\u30ea\u30c3\u30af\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/b><\/p>","protected":false},"excerpt":{"rendered":"

\u4eba\u6c11\u9280\u304cUSD\/CNY\u57fa\u6e96\u50246.8088\u306b\u8a2d\u5b9a\u3001\u4e88\u60f3\u307b\u3069\u5f37\u304f\u305b\u305a\u6bb5\u968e\u7684\u306a\u5143\u9ad8\u3092\u793a\u5506\u3002\u8f38\u51fa\u920d\u5316\u3068\u4f4e\u30a4\u30f3\u30d5\u30ec\u3067\u7de9\u548c\u4f59\u5730\u304c\u4e0a\u5024\u3092\u6291\u5236\u3001\u4f4e\u30dc\u30e9\u6226\u7565\u306b\u5999\u5473\u3002<\/p>\n","protected":false},"author":87,"featured_media":49605,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-48788","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\/jp-asia\/wp-json\/wp\/v2\/posts\/48788","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\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/comments?post=48788"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/48788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/media\/49605"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/media?parent=48788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/categories?post=48788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/tags?post=48788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}