{"id":39931,"date":"2026-03-12T18:59:31","date_gmt":"2026-03-12T18:59:31","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/39931\/"},"modified":"2026-03-12T18:59:31","modified_gmt":"2026-03-12T18:59:31","slug":"%e8%b7%af%e9%80%8f%e8%aa%bf%e6%9f%a5%ef%bc%9a%e7%b6%93%e6%bf%9f%e5%ad%b8%e5%ae%b6%e9%a0%90%e6%9c%9f%e8%8b%b1%e5%9c%8b%e5%a4%ae%e8%a1%8c%e5%b0%87%e5%9c%a8%e5%8d%b3%e5%b0%87%e5%8f%ac%e9%96%8b%e7%9a%843","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/39931\/","title":{"rendered":"\u8def\u900f\u8abf\u67e5\uff1a\u7d93\u6fdf\u5b78\u5bb6\u9810\u671f\u82f1\u570b\u592e\u884c\u5c07\u5728\u5373\u5c07\u53ec\u958b\u76843\u6708\u6703\u8b70\u4e0a\u7dad\u6301\u5229\u7387\u65bc3.75%\u4e0d\u8b8a"},"content":{"rendered":"\u8def\u900f\u65bc 3 \u6708 12 \u65e5\u516c\u5e03\u7684\u4e00\u9805\u6c11\u8abf\u986f\u793a\uff0c\u7d93\u6fdf\u5b78\u5bb6\u9810\u671f\u82f1\u683c\u862d\u9280\u884c\uff08\u82f1\u570b\u592e\u884c\uff09\u5728 3 \u6708\u6703\u8b70\u4e0a\u6703\u7dad\u6301\u5229\u7387\u4e0d\u8b8a\u3002\u6c11\u8abf\u6307\u51fa\uff0c85% \u7684\u53d7\u8a2a\u8005\u9810\u671f 3 \u6708 19 \u65e5\u7684\u57fa\u6e96\u5229\u7387\uff08bank rate\uff0c\u82f1\u570b\u592e\u884c\u7684\u653f\u7b56\u5229\u7387\uff09\u5c07\u7dad\u6301\u5728 3.75%\uff0c\u9ad8\u65bc 2 \u6708\u7684 35%\u3002\n\n\u9810\u6e2c\u4e2d\u4f4d\u6578\u986f\u793a\uff0c\u57fa\u6e96\u5229\u7387\u5230 9 \u6708\u5e95\u5c07\u964d\u81f3 3.25%\u3002\u4e4b\u5f8c\u9810\u671f\u81f3\u5c11\u5230 2026 \u5e74\u5e95\u90fd\u6703\u7dad\u6301\u5728 3.25%\u3002\n\n<h3>\u4f0a\u6717\u6230\u722d\u524d\u7684\u901a\u81a8\u5c55\u671b<\/h3>\n\u82f1\u570b\u592e\u884c\u5728 2 \u6708 5 \u65e5\u767c\u5e03\u7684\u300a\u8ca8\u5e63\u653f\u7b56\u5831\u544a\u300b\uff08Monetary Policy Report\uff0c\u592e\u884c\u5c0d\u5229\u7387\u8207\u901a\u81a8\u7684\u4e3b\u8981\u5831\u544a\uff09\u4e2d\u9810\u4f30\uff0c\u6d88\u8cbb\u8005\u7269\u50f9\u6307\u6578\uff08CPI\uff0c\u8861\u91cf\u6c11\u773e\u65e5\u5e38\u5546\u54c1\u8207\u670d\u52d9\u50f9\u683c\u8b8a\u52d5\u7684\u901a\u81a8\u6307\u6a19\uff09\u901a\u81a8\u5230 2026 \u5e74\u7b2c 2 \u5b63\u5c07\u653e\u7de9\u81f3 2.1%\u3002\u9019\u9805\u9810\u6e2c\u662f\u5728\u4f0a\u6717\u6230\u722d\u7206\u767c\u4e4b\u524d\u505a\u51fa\u7684\u3002\n\n\u82f1\u570b\u592e\u884c\u5c07\u65bc 3 \u6708 18 \u65e5\u958b\u6703\uff0c\u4e26\u5728 3 \u6708 19 \u65e5\u516c\u5e03\u6c7a\u8b70\u3002\u4e0b\u4e00\u4efd\u300a\u8ca8\u5e63\u653f\u7b56\u5831\u544a\u300b\u9810\u8a08\u5728 4 \u6708 30 \u65e5\u7684\u6703\u8b70\u516c\u5e03\u3002\n\n\u82f1\u570b\u592e\u884c\u7684\u8ca8\u5e63\u653f\u7b56\u76ee\u6a19\u662f\u8b93\u901a\u81a8\u7dad\u6301\u5728 2%\uff0c\u4e3b\u8981\u5de5\u5177\u662f\u8abf\u6574\u57fa\u6e96\u5229\u7387\uff08base lending rates\uff0c\u9280\u884c\u501f\u8cb8\u7684\u6838\u5fc3\u5229\u7387\u57fa\u6e96\uff09\u3002\u9019\u4e9b\u6c7a\u7b56\u6703\u5f71\u97ff\u6574\u9ad4\u7d93\u6fdf\u7684\u501f\u8cb8\u6210\u672c\uff0c\u4e5f\u6703\u5f71\u97ff\u82f1\u938a\uff08sterling\uff0c\u82f1\u570b\u8ca8\u5e63\uff09\u7684\u532f\u7387\u3002\n\n\u7576\u901a\u81a8\u9ad8\u65bc\u76ee\u6a19\u6642\uff0c\u63d0\u9ad8\u5229\u7387\u901a\u5e38\u6709\u52a9\u82f1\u938a\u8d70\u5f37\uff1b\u7576\u901a\u81a8\u4f4e\u65bc\u76ee\u6a19\u6642\uff0c\u964d\u4f4e\u5229\u7387\u53ef\u80fd\u8b93\u82f1\u938a\u8d70\u5f31\u3002\u91cf\u5316\u5bec\u9b06\uff08quantitative easing\uff0c\u592e\u884c\u300c\u589e\u52a0\u5e02\u5834\u8cc7\u91d1\u300d\u4e26\u8cb7\u5165\u8cc7\u7522\u4ee5\u523a\u6fc0\u7d93\u6fdf\uff09\u53ef\u80fd\u4f7f\u82f1\u938a\u8d70\u5f31\uff1b\u91cf\u5316\u7dca\u7e2e\uff08quantitative tightening\uff0c\u592e\u884c\u7e2e\u6e1b\u8cfc\u50b5\u3001\u56de\u6536\u5e02\u5834\u8cc7\u91d1\uff09\u53ef\u80fd\u652f\u6490\u82f1\u938a\u3002\n\n<h3>\u5e02\u5834\u9810\u671f\uff1a\u7576\u6642\u8207\u73fe\u5728<\/h3>\n\u56de\u9867 2025 \u5e74\u6b64\u6642\uff0c\u5e02\u5834\u666e\u904d\u8a8d\u70ba\u82f1\u570b\u592e\u884c\u6703\u5148\u7dad\u6301\u5229\u7387\uff0c\u4e4b\u5f8c\u65bc\u7576\u5e74\u7a0d\u665a\u958b\u59cb\u964d\u606f\u3002\u9019\u7a2e\u770b\u6cd5\u4f9d\u8cf4\u7684\u901a\u81a8\u9810\u6e2c\uff0c\u672a\u7d0d\u5165\u5f8c\u4f86\u7684\u5730\u7de3\u653f\u6cbb\u885d\u64ca\u3002\u7576\u6642\u9810\u671f\u5229\u7387\u5230\u73fe\u5728\u6703\u662f 3.25%\uff0c\u4f46\u4e26\u672a\u767c\u751f\u3002\n\n2025 \u5e74\u4e2d\u7206\u767c\u7684\u4f0a\u6717\u6230\u722d\u5e36\u4f86\u660e\u986f\u7684\u80fd\u6e90\u50f9\u683c\u885d\u64ca\uff0c\u6253\u4e82\u901a\u81a8\u653e\u7de9\uff08disinflation\uff0c\u901a\u81a8\u4ecd\u5728\u4e0a\u5347\u4f46\u300c\u4e0a\u5347\u8b8a\u6162\u300d\uff09\u7684\u8d70\u52e2\u30022025 \u5e74\u7b2c 3 \u5b63\uff0c\u5e03\u862d\u7279\u539f\u6cb9\uff08Brent crude\uff0c\u570b\u969b\u5e38\u7528\u7684\u539f\u6cb9\u50f9\u683c\u6307\u6a19\uff09\u4e00\u5ea6\u98c6\u5347\u5230\u6bcf\u6876 110 \u7f8e\u5143\u4ee5\u4e0a\uff0c\u76f4\u63a5\u63a8\u9ad8\u82f1\u570b\u6d88\u8cbb\u8005\u7684\u904b\u8f38\u8207\u80fd\u6e90\u6210\u672c\u3002\u9019\u7a2e\u610f\u5916\u4e8b\u4ef6\u4f7f\u82f1\u570b\u592e\u884c\u5148\u524d\u7684\u901a\u81a8\u9810\u6e2c\u5931\u53bb\u53c3\u8003\u50f9\u503c\u3002\n\n\u56e0\u6b64\uff0c\u901a\u81a8\u4ecd\u504f\u9ad8\uff1b\u6700\u65b0 2026 \u5e74 2 \u6708 CPI \u70ba 3.4%\uff0c\u660e\u986f\u9ad8\u65bc\u82f1\u570b\u592e\u884c 2% \u7684\u76ee\u6a19\u3002\u9019\u8207\u82f1\u570b\u592e\u884c 2025 \u5e74 2 \u6708\u7684\u9810\u6e2c\u5f62\u6210\u5f37\u70c8\u5c0d\u6bd4\uff0c\u7576\u6642\u9810\u671f\u672c\u5b63\u901a\u81a8\u6703\u964d\u81f3 2.1%\u3002\u6301\u7e8c\u7684\u50f9\u683c\u58d3\u529b\u6539\u8b8a\u4e86\u5229\u7387\u8d70\u52e2\u3002\n\n\u56e0\u6b64\uff0c\u82f1\u570b\u592e\u884c\u4e26\u672a\u6309\u53bb\u5e74\u9810\u6e2c\u555f\u52d5\u964d\u606f\uff1b\u76ee\u524d\u57fa\u6e96\u5229\u7387\u70ba 4.0%\u3002\u82f1\u570b\u570b\u5bb6\u7d71\u8a08\u5c40\uff08Office for National Statistics\uff0c\u82f1\u570b\u5b98\u65b9\u7d71\u8a08\u6a5f\u69cb\uff09\u6700\u65b0\u6578\u64da\u986f\u793a\uff0c2025 \u5e74\u7b2c 4 \u5b63\u82f1\u570b\u7d93\u6fdf\u6210\u9577\u70ba 0%\uff0c\u5e02\u5834\u56e0\u6b64\u64d4\u5fc3\u505c\u6eef\u6027\u901a\u81a8\uff08stagflation\uff0c\u7d93\u6fdf\u505c\u6eef\u4f46\u901a\u81a8\u4ecd\u9ad8\uff09\u3002\u9019\u8b93\u82f1\u570b\u592e\u884c\u5728\u4e0b\u9031\u6703\u8b70\u524d\u8655\u5883\u66f4\u96e3\u3002\n\n\u63a5\u4e0b\u4f86\u5e7e\u9031\uff0c\u4ea4\u6613\u54e1\u61c9\u9810\u671f\u82f1\u570b\u592e\u884c\u4ecd\u504f\u5411\u300c\u9df9\u6d3e\u300d\uff08hawkish\uff0c\u504f\u5411\u5347\u606f\u6216\u7dad\u6301\u9ad8\u5229\u7387\u4ee5\u58d3\u5236\u901a\u81a8\uff09\u3002\u884d\u751f\u6027\u91d1\u878d\u5546\u54c1\u5e02\u5834\uff08derivative markets\uff0c\u4f8b\u5982\u671f\u8ca8\u8207\u9078\u64c7\u6b0a\u7b49\u300c\u50f9\u683c\u4f86\u81ea\u5176\u4ed6\u8cc7\u7522\u300d\u7684\u5de5\u5177\uff09\u76ee\u524d\u8a8d\u70ba 2026 \u5e74\u5e95\u524d\u964d\u606f\u7684\u6a5f\u7387\u5f88\u4f4e\u3002\u62bc\u6ce8\u5229\u7387\u4e0b\u8dcc\u7684\u4ea4\u6613\uff0c\u5982\u540c 2025 \u5e74\u521d\u770b\u8d77\u4f86\u5408\u7406\uff0c\u5982\u4eca\u98a8\u96aa\u504f\u9ad8\u3002\n\n\u5728\u9019\u7a2e\u60c5\u6cc1\u4e0b\uff0c\u53ef\u8003\u616e\u7528\u9078\u64c7\u6b0a\uff08options\uff0c\u4e00\u7a2e\u53ef\u5728\u671f\u9650\u5167\u4ee5\u7d04\u5b9a\u50f9\u683c\u8cb7\u8ce3\u7684\u5408\u7d04\uff09\u4ea4\u6613\u82f1\u938a\u6ce2\u52d5\uff08volatility\uff0c\u50f9\u683c\u4e0a\u4e0b\u8d77\u4f0f\u7684\u7a0b\u5ea6\uff09\u3002\u7406\u8ad6\u4e0a\u300c\u5229\u7387\u7dad\u6301\u8f03\u9ad8\u66f4\u4e45\u300d\u6709\u5229\u82f1\u938a\uff0c\u4f46\u75b2\u5f31\u7684\u6210\u9577\u524d\u666f\u5f62\u6210\u963b\u529b\uff0c\u589e\u52a0\u4e0d\u78ba\u5b9a\u6027\u3002\u82f1\u938a\u514c\u7f8e\u5143\uff08GBP\/USD\uff09\u7684\u6ce2\u52d5\u52a0\u5927\uff1b1 \u500b\u6708\u96b1\u542b\u6ce2\u52d5\u7387\uff08implied volatility\uff0c\u9078\u64c7\u6b0a\u50f9\u683c\u53cd\u6620\u7684\u5e02\u5834\u9810\u671f\u6ce2\u52d5\uff09\u7d04\u5728 8.5%\uff0c\u9ad8\u65bc\u5e74\u521d\u7684 6%\u3002\n\n\u4ea4\u6613\u54e1\u4e5f\u61c9\u95dc\u6ce8\u82f1\u570b\u516c\u50b5\uff08Gilt\uff0c\u82f1\u570b\u653f\u5e9c\u767c\u884c\u7684\u50b5\u5238\uff09\u5e02\u5834\uff1b10 \u5e74\u671f\u82f1\u570b\u516c\u50b5\u6b96\u5229\u7387\uff08yield\uff0c\u50b5\u5238\u7684\u5e74\u5316\u5831\u916c\u7387\uff09\u4ecd\u5728\u7d04 4.3% \u7684\u9ad8\u4f4d\u3002\u5229\u7387\u671f\u8ca8\uff08interest rate futures\uff0c\u62bc\u6ce8\u6216\u907f\u96aa\u672a\u4f86\u5229\u7387\u7684\u671f\u8ca8\u5408\u7d04\uff09\u53ef\u7528\u65bc\u907f\u96aa\u6216\u62bc\u6ce8\u82f1\u570b\u592e\u884c\u5728\u590f\u5b63\u524d\u7dad\u6301\u5229\u7387\u4e0d\u8b8a\u3002\u91cd\u9ede\u5728\u65bc\u5f8c\u7e8c\u516c\u5e03\u7684\u901a\u81a8\u8207\u85aa\u8cc7\u6578\u64da\uff0c\u56e0\u70ba\u5b83\u5011\u5c07\u662f\u8ca8\u5e63\u653f\u7b56\u7684\u4e3b\u8981\u9a45\u52d5\u56e0\u7d20\u3002\n<p>\n\n<p><strong>\u7acb\u5373\u958b\u59cb\u4ea4\u6613 &#8211; \u9ede\u64ca<a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">\u9019\u88e1<\/a>\u5275\u5efa\u60a8\u7684 VT Markets \u771f\u5be6\u8cec\u6236 <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u82f1\u570b\u592e\u884c3\u6708\u6599\u6309\u5175\u4e0d\u52d5\uff1a85%\u7d93\u6fdf\u5b78\u5bb6\u4f30\u5229\u7387\u7dad\u63013.75%\u3002\u4f0a\u6717\u6230\u722d\u63a8\u5347\u80fd\u6e90\u3001CPI\u4ecd3.4%\uff0c\u964d\u606f\u5ef6\u5f8c\uff1b\u82f1\u938a\u6ce2\u52d5\u5347\u6eab\uff0c\u5e02\u5834\u66f4\u504f\u9df9\u6d3e\u3002<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-39931","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\/zh\/wp-json\/wp\/v2\/posts\/39931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/comments?post=39931"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/39931\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=39931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=39931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=39931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}