{"id":44416,"date":"2026-04-09T09:58:17","date_gmt":"2026-04-09T09:58:17","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/44416\/"},"modified":"2026-04-09T09:58:17","modified_gmt":"2026-04-09T09:58:17","slug":"3%e6%9c%88%e7%91%9e%e5%a3%ab%e7%b6%93%e5%ad%a3%e7%af%80%e6%80%a7%e8%aa%bf%e6%95%b4%e5%a4%b1%e6%a5%ad%e7%8e%87%e6%8c%89%e6%9c%88%e6%8c%81%e5%b9%b3%e6%96%bc3","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/44416\/","title":{"rendered":"3\u6708\u745e\u58eb\u7d93\u5b63\u7bc0\u6027\u8abf\u6574\u5931\u696d\u7387\u6309\u6708\u6301\u5e73\u65bc3%"},"content":{"rendered":"

\u745e\u58eb\u7d93\u5b63\u7bc0\u6027\u8abf\u6574\u7684\u5931\u696d\u73873\u6708\u7dad\u6301\u57283%\uff0c\u8207\u4e0a\u6708\u76f8\u540c\u3002<\/p>\n

\u6578\u64da\u70ba\u6309\u6708\u6bd4\u8f03\uff08month-on-month\uff0c\u5373\u8207\u4e0a\u6708\u76f8\u6bd4\uff09\u4e26\u5df2\u4f5c\u5b63\u7bc0\u6027\u8abf\u6574\uff08seasonally adjusted\uff0c\u5373\u6263\u9664\u6bcf\u5e74\u56fa\u5b9a\u5b63\u7bc0\u56e0\u7d20\u5982\u5047\u671f\u3001\u7562\u696d\u5b63\u5c0d\u5c31\u696d\u7684\u5f71\u97ff\uff09\u30023\u6708\u516c\u5e03\u7684\u5931\u696d\u7387\u70ba3%\u3002<\/p>\n

\u745e\u58eb\u52de\u5de5\u5e02\u5834\u8da8\u7a69<\/h3>\n

3\u6708\u5931\u696d\u7387\u7dad\u6301\u57283%\uff0c\u986f\u793a\u745e\u58eb\u52de\u5de5\u5e02\u5834\u5728\u4e00\u6bb5\u8f49\u5f31\u5f8c\u8da8\u65bc\u7a69\u5b9a\u3002\u96d6\u7136\u672a\u898b\u6539\u5584\uff0c\u4f46\u66ab\u6642\u6e1b\u8f15\u7d93\u6fdf\u6025\u901f\u60e1\u5316\u7684\u6182\u616e\u3002\u6211\u5011\u8a8d\u70ba\u745e\u58eb\u592e\u884c\uff08SNB\uff09\u5728\u4e0b\u6b21\u8b70\u606f\u6703\u8b70\u524d\uff0c\u8f03\u5927\u6a5f\u6703\u7dad\u6301\u300c\u89c0\u671b\u300d\uff08wait and see\uff0c\u5373\u66ab\u4e0d\u6539\u8b8a\u653f\u7b56\u3001\u5148\u770b\u5f8c\u7e8c\u6578\u64da\uff09\u7684\u53d6\u614b\u3002<\/p>\n

2\u6708\u901a\u8139\u50c51.3%\uff0c\u52a0\u4e0a\u5c31\u696d\u6578\u64da\u505c\u6eef\uff0c\u4ee4\u518d\u6b21\u52a0\u606f\uff08interest rate hike\uff0c\u5373\u4e0a\u8abf\u653f\u7b56\u5229\u7387\u3001\u4ee4\u501f\u8cb8\u6210\u672c\u4e0a\u5347\uff09\u5e7e\u4e4e\u4e0d\u53ef\u80fd\u3002\u5e02\u5834\u6216\u6703\u589e\u52a0\u5c0d\u590f\u5b63\u524d\u6e1b\u606f\uff08rate cut\uff0c\u5373\u4e0b\u8abf\u653f\u7b56\u5229\u7387\u3001\u4ee4\u501f\u8cb8\u6210\u672c\u4e0b\u964d\uff09\u7684\u62bc\u6ce8\u3002\u56e0\u6b64\u53ef\u7559\u610fSARON\u671f\u8ca8\uff08SARON futures\uff1bSARON\u70ba\u745e\u58eb\u9694\u591c\u5e73\u5747\u5229\u7387\uff0c\u662f\u745e\u58eb\u501f\u8cb8\u7684\u57fa\u6e96\uff0c\u671f\u8ca8\u7528\u4f5c\u62bc\u6ce8\u6216\u5c0d\u6c96\u672a\u4f86\u5229\u7387\u8d70\u52e2\uff09\u7684\u671f\u6b0a\uff08options\uff0c\u5373\u4ee5\u6b0a\u5229\u91d1\u63db\u53d6\u5728\u5230\u671f\u524d\u6309\u6307\u5b9a\u50f9\u683c\u8cb7\u5165\u6216\u8ce3\u51fa\u5408\u7d04\u7684\u6b0a\u5229\uff09\uff0c\u53ef\u80fd\u53cd\u6620\u66f4\u504f\u5411\u5bec\u9b06\uff08dovish\uff0c\u5373\u50be\u5411\u6e1b\u606f\u3001\u652f\u6301\u7d93\u6fdf\u589e\u9577\uff09\u7684SNB\u9810\u671f\u800c\u51fa\u73fe\u6a5f\u6703\u3002<\/p>\n

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\u56de\u9867\u904e\u53bb\uff0cSNB\u66fe\u57282024\u5e743\u6708\u7387\u5148\u6e1b\u606f\uff0c\u4ee4\u4e0d\u5c11\u539f\u5148\u9810\u671f\u5176\u6703\u7b49\u5f85\u7684\u4eba\u611f\u5230\u610f\u5916\u3002\u9019\u53cd\u6620SNB\u4e0d\u4ecb\u610f\u9810\u5148\u51fa\u624b\uff08pre-emptively\uff0c\u5373\u5728\u554f\u984c\u60e1\u5316\u524d\u5148\u63a1\u53d6\u884c\u52d5\uff09\u652f\u6301\u7d93\u6fdf\uff0c\u56e0\u6b64\u73fe\u968e\u6bb5\u4e0d\u5b9c\u5c0d\u745e\u90ce\u904e\u4efd\u9032\u53d6\u770b\u597d\uff08aggressively bullish\uff0c\u5373\u62bc\u6ce8\u5927\u5e45\u4e0a\u5347\uff09\u3002<\/p>\n

SMI\u7b56\u7565\u555f\u793a<\/h3>\n

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