{"id":73713,"date":"2026-04-20T09:07:39","date_gmt":"2026-04-20T02:07:39","guid":{"rendered":"https:\/\/hbbgroup.net\/pboc-targeted-easing-over-broad-cuts-dbs\/"},"modified":"2026-04-20T09:39:16","modified_gmt":"2026-04-20T02:39:16","slug":"pboc-noi-long-co-muc-tieu-thay-vi-cat-giam-dien-rong-dbs","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/pboc-noi-long-co-muc-tieu-thay-vi-cat-giam-dien-rong-dbs\/","title":{"rendered":"PBoC: N\u1edbi l\u1ecfng c\u00f3 m\u1ee5c ti\u00eau thay v\u00ec c\u1eaft gi\u1ea3m di\u1ec7n r\u1ed9ng \u2013 DBS"},"content":{"rendered":"<div id=\"post-content-section\">\n<p>DBS Group Research d\u1ef1 b\u00e1o Ng\u00e2n h\u00e0ng Nh\u00e2n d\u00e2n Trung Qu\u1ed1c (PBoC) s\u1ebd gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t cho vay c\u01a1 b\u1ea3n (LPR) k\u1ef3 h\u1ea1n 1 n\u0103m \u1edf m\u1ee9c 3,00%, khi t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf Trung Qu\u1ed1c \u0111\u00e3 c\u1ea3i thi\u1ec7n v\u00e0 di\u1ec5n bi\u1ebfn gi\u00e1 c\u1ea3 t\u00edch c\u1ef1c h\u01a1n. B\u00e1o c\u00e1o cho bi\u1ebft nhu c\u1ea7u b\u00ean ngo\u00e0i \u0111ang h\u1ed7 tr\u1ee3 ho\u1ea1t \u0111\u1ed9ng c\u00f4ng nghi\u1ec7p, trong khi \u0111\u1ed9ng l\u1ef1c trong n\u01b0\u1edbc v\u1eabn ch\u01b0a \u0111\u1ed3ng \u0111\u1ec1u. C\u00e1c nh\u00e0 ph\u00e2n t\u00edch cho r\u1eb1ng ch\u01b0a c\u00f3 nhi\u1ec1u \u00e1p l\u1ef1c \u0111\u1ec3 n\u1edbi l\u1ecfng tr\u00ean di\u1ec7n r\u1ed9ng, v\u00e0 c\u00e1c nh\u00e0 ho\u1ea1ch \u0111\u1ecbnh ch\u00ednh s\u00e1ch nhi\u1ec1u kh\u1ea3 n\u0103ng s\u1ebd ti\u1ebfp t\u1ee5c c\u00e1c bi\u1ec7n ph\u00e1p n\u1edbi l\u1ecfng c\u00f3 m\u1ee5c ti\u00eau, d\u00f9 v\u1eabn t\u1ed3n t\u1ea1i r\u1ee7i ro t\u1eeb chi ph\u00ed n\u0103ng l\u01b0\u1ee3ng v\u00e0 gi\u00e1n \u0111o\u1ea1n chu\u1ed7i cung \u1ee9ng.<\/p>\n<p><strong>LPR \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng gi\u1eef nguy\u00ean khi t\u0103ng tr\u01b0\u1edfng c\u1ea3i thi\u1ec7n<\/strong><\/p>\n<ul>\n<li>\u201cPBoC \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o s\u1ebd gi\u1eef nguy\u00ean LPR 1 n\u0103m \u1edf m\u1ee9c 3,00%, khi t\u0103ng tr\u01b0\u1edfng t\u0103ng t\u1eeb 4,5% YoY qu\u00fd IV\/2025 l\u00ean 5,0% YoY qu\u00fd I\/2026, cho th\u1ea5y kh\u1edfi \u0111\u1ea7u n\u0103m v\u1eefng ch\u1eafc h\u01a1n.\u201d<\/li>\n<li>\u201cNhu c\u1ea7u b\u00ean ngo\u00e0i ti\u1ebfp t\u1ee5c h\u1ed7 tr\u1ee3 ho\u1ea1t \u0111\u1ed9ng c\u00f4ng nghi\u1ec7p, trong khi \u0111\u1ed9ng l\u1ef1c trong n\u01b0\u1edbc v\u1eabn kh\u00f4ng \u0111\u1ed3ng \u0111\u1ec1u \u2013 ti\u00eau d\u00f9ng, \u0111\u1ea7u t\u01b0 v\u00e0 nhu c\u1ea7u t\u00edn d\u1ee5ng c\u00f2n y\u1ebfu, ch\u1ecbu \u1ea3nh h\u01b0\u1edfng t\u1eeb kh\u00f3 kh\u0103n c\u1ee7a th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n.\u201d<\/li>\n<li>\u201cDi\u1ec5n bi\u1ebfn gi\u00e1 c\u1ea3 \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n gi\u00fap gi\u1ea3m \u00e1p l\u1ef1c ph\u1ea3i n\u1edbi l\u1ecfng trong ng\u1eafn h\u1ea1n, d\u00f9 chi ph\u00ed n\u0103ng l\u01b0\u1ee3ng cao v\u00e0 gi\u00e1n \u0111o\u1ea1n chu\u1ed7i cung \u1ee9ng v\u1eabn l\u00e0 r\u1ee7i ro.\u201d<\/li>\n<li>\u201cCh\u01b0a c\u00f3 d\u1ea5u hi\u1ec7u suy gi\u1ea3m m\u1ea1nh v\u00e0 nhu c\u1ea7u t\u00edn d\u1ee5ng ch\u01b0a ph\u1ee5c h\u1ed3i r\u00f5 r\u1ec7t, n\u00ean c\u00e1c nh\u00e0 ho\u1ea1ch \u0111\u1ecbnh ch\u00ednh s\u00e1ch nhi\u1ec1u kh\u1ea3 n\u0103ng s\u1ebd duy tr\u00ec n\u1edbi l\u1ecfng c\u00f3 m\u1ee5c ti\u00eau thay v\u00ec c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t di\u1ec7n r\u1ed9ng.\u201d<\/li>\n<\/ul>\n<p>Ngo\u00e0i ra, DBS cho bi\u1ebft trong b\u1ed1i c\u1ea3nh kinh t\u1ebf to\u00e0n c\u1ea7u bi\u1ebfn \u0111\u1ed9ng, ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng Indonesia v\u00e0 Philippines c\u0169ng c\u00f3 xu h\u01b0\u1edbng gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t l\u1ea7n l\u01b0\u1ee3t \u1edf m\u1ee9c 4,75% v\u00e0 4,25%, nh\u1eb1m \u0111\u1ed1i ph\u00f3 v\u1edbi l\u1ea1m ph\u00e1t, bi\u1ebfn \u0111\u1ed9ng d\u00f2ng v\u1ed1n v\u00e0 \u00e1p l\u1ef1c t\u1ef7 gi\u00e1.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>DBS Group Research d\u1ef1 b\u00e1o Ng\u00e2n h\u00e0ng Nh\u00e2n d\u00e2n Trung Qu\u1ed1c (PBoC) s\u1ebd gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t cho vay c\u01a1 [&hellip;]<\/p>","protected":false},"author":5,"featured_media":73714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222],"tags":[],"class_list":["post-73713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ngoai-hoi"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/73713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=73713"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/73713\/revisions"}],"predecessor-version":[{"id":73830,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/73713\/revisions\/73830"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/73714"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=73713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=73713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=73713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}