{"id":80612,"date":"2026-05-19T08:57:50","date_gmt":"2026-05-19T01:57:50","guid":{"rendered":"https:\/\/hbbgroup.net\/rbas-hunter-risk-of-inflation-expectations-rising-is-elevated\/"},"modified":"2026-05-19T11:12:32","modified_gmt":"2026-05-19T04:12:32","slug":"rbas-hunter-rui-ro-ky-vong-lam-phat-gia-tang-dang-o-muc-cao","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/rbas-hunter-rui-ro-ky-vong-lam-phat-gia-tang-dang-o-muc-cao\/","title":{"rendered":"RBA\u2019s Hunter: R\u1ee7i ro k\u1ef3 v\u1ecdng l\u1ea1m ph\u00e1t gia t\u0103ng \u0111ang \u1edf m\u1ee9c cao."},"content":{"rendered":"<p>Ph\u00f3 Th\u1ed1ng \u0111\u1ed1c RBA Sarah Hunter cho bi\u1ebft Ng\u00e2n h\u00e0ng D\u1ef1 tr\u1eef \u00dac lo ng\u1ea1i r\u1eb1ng chi ph\u00ed n\u0103ng l\u01b0\u1ee3ng t\u0103ng cao s\u1ebd nhanh ch\u00f3ng lan sang gi\u00e1 ti\u00eau d\u00f9ng do n\u1ec1n kinh t\u1ebf n\u1ed9i \u0111\u1ecba hi\u1ec7n \u0111ang ho\u1ea1t \u0111\u1ed9ng g\u1ea7n m\u1ee9c c\u00f4ng su\u1ea5t t\u1ed1i \u0111a, \u0111i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 t\u1ea1o ra s\u1ef1 thay \u0111\u1ed5i \u0111\u00e1ng k\u1ec3 trong k\u1ef3 v\u1ecdng l\u1ea1m ph\u00e1t, theo Reuters \u0111\u01b0a tin h\u00f4m th\u1ee9 Ba.<\/p>\n<ul>\n<li>K\u1ef3 v\u1ecdng c\u00e1c doanh nghi\u1ec7p s\u1ebd nhanh ch\u00f3ng chuy\u1ec3n ph\u1ea7n chi ph\u00ed d\u1ea7u t\u0103ng v\u00e0o gi\u00e1 b\u00e1n.<\/li>\n<li>M\u1ed9t s\u1ed1 c\u00f4ng ty d\u1ef1 \u0111\u1ecbnh t\u0103ng gi\u00e1 b\u00e1n l\u1ebb, \u0111\u1eb7c bi\u1ec7t trong l\u0129nh v\u1ef1c x\u00e2y d\u1ef1ng.<\/li>\n<li>C\u00e1c k\u1ebft qu\u1ea3 nghi\u00ean c\u1ee9u cho th\u1ea5y m\u1ee9c \u0111\u1ed9 truy\u1ec1n d\u1eabn l\u1ea1m ph\u00e1t s\u1ebd nhanh h\u01a1n v\u00e0 lan r\u1ed9ng h\u01a1n.<\/li>\n<li>C\u00e1c d\u1ef1 b\u00e1o hi\u1ec7n t\u1ea1i gi\u1ea3 \u0111\u1ecbnh kh\u1ee7ng ho\u1ea3ng v\u00f9ng V\u1ecbnh s\u1ebd s\u1edbm \u0111\u01b0\u1ee3c gi\u1ea3i quy\u1ebft.<\/li>\n<li>R\u1ee7i ro k\u1ef3 v\u1ecdng l\u1ea1m ph\u00e1t gia t\u0103ng \u0111ang \u1edf m\u1ee9c cao.<\/li>\n<li>\u0110\u1ee3t t\u0103ng gi\u00e1 d\u1ea7u g\u1ea7n \u0111\u00e2y \u0111\u1eb7c bi\u1ec7t kh\u00f3 ki\u1ec3m so\u00e1t.<\/li>\n<li>C\u00fa s\u1ed1c xu\u1ea5t hi\u1ec7n trong b\u1ed1i c\u1ea3nh n\u1ec1n kinh t\u1ebf \u0111ang ch\u1ecbu \u00e1p l\u1ef1c c\u00f4ng su\u1ea5t v\u00e0 chi ph\u00ed n\u1ed9i \u0111\u1ecba cao.<\/li>\n<li>Xung \u0111\u1ed9t Trung \u0110\u00f4ng l\u00e0 m\u1ed9t c\u00fa s\u1ed1c b\u00ean ngo\u00e0i r\u00f5 r\u00e0ng.<\/li>\n<li>R\u1ee7i ro l\u1ea1m ph\u00e1t t\u1ed3n t\u1ea1i \u1edf c\u1ea3 chi\u1ec1u t\u0103ng l\u1eabn chi\u1ec1u gi\u1ea3m.<\/li>\n<\/ul>\n<p>T\u1ea1i th\u1eddi \u0111i\u1ec3m vi\u1ebft b\u00e0i, c\u1eb7p AUD\/USD \u0111ang t\u0103ng 0,27% trong ng\u00e0y l\u00ean m\u1ee9c 0.7168.<\/p>\n<h4>C\u00e2u h\u1ecfi th\u01b0\u1eddng g\u1eb7p v\u1ec1 RBA<\/h4>\n<p>Ng\u00e2n h\u00e0ng D\u1ef1 tr\u1eef \u00dac (RBA) l\u00e0 c\u01a1 quan thi\u1ebft l\u1eadp l\u00e3i su\u1ea5t v\u00e0 \u0111i\u1ec1u h\u00e0nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a \u00dac. C\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u01b0\u1ee3c \u0111\u01b0a ra b\u1edfi h\u1ed9i \u0111\u1ed3ng th\u1ed1ng \u0111\u1ed1c th\u00f4ng qua 11 cu\u1ed9c h\u1ecdp m\u1ed7i n\u0103m c\u00f9ng c\u00e1c cu\u1ed9c h\u1ecdp kh\u1ea9n c\u1ea5p n\u1ebfu c\u1ea7n thi\u1ebft. Nhi\u1ec7m v\u1ee5 ch\u00ednh c\u1ee7a RBA l\u00e0 duy tr\u00ec \u1ed5n \u0111\u1ecbnh gi\u00e1 c\u1ea3, t\u1ee9c gi\u1eef l\u1ea1m ph\u00e1t trong kho\u1ea3ng 2-3%, \u0111\u1ed3ng th\u1eddi \u201cg\u00f3p ph\u1ea7n duy tr\u00ec s\u1ef1 \u1ed5n \u0111\u1ecbnh c\u1ee7a \u0111\u1ed3ng ti\u1ec1n, vi\u1ec7c l\u00e0m \u0111\u1ea7y \u0111\u1ee7 v\u00e0 s\u1ef1 th\u1ecbnh v\u01b0\u1ee3ng kinh t\u1ebf cho ng\u01b0\u1eddi d\u00e2n \u00dac.\u201d C\u00f4ng c\u1ee5 ch\u00ednh \u0111\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c m\u1ee5c ti\u00eau n\u00e0y l\u00e0 t\u0103ng ho\u1eb7c gi\u1ea3m l\u00e3i su\u1ea5t. L\u00e3i su\u1ea5t t\u01b0\u01a1ng \u0111\u1ed1i cao s\u1ebd h\u1ed7 tr\u1ee3 \u0111\u1ed3ng AUD v\u00e0 ng\u01b0\u1ee3c l\u1ea1i. C\u00e1c c\u00f4ng c\u1ee5 kh\u00e1c c\u1ee7a RBA bao g\u1ed3m n\u1edbi l\u1ecfng \u0111\u1ecbnh l\u01b0\u1ee3ng (QE) v\u00e0 th\u1eaft ch\u1eb7t \u0111\u1ecbnh l\u01b0\u1ee3ng (QT).<\/p>\n<p>Trong qu\u00e1 kh\u1ee9, l\u1ea1m ph\u00e1t th\u01b0\u1eddng \u0111\u01b0\u1ee3c xem l\u00e0 y\u1ebfu t\u1ed1 ti\u00eau c\u1ef1c \u0111\u1ed1i v\u1edbi ti\u1ec1n t\u1ec7 v\u00ec l\u00e0m suy gi\u1ea3m gi\u00e1 tr\u1ecb \u0111\u1ed3ng ti\u1ec1n. Tuy nhi\u00ean trong th\u1eddi hi\u1ec7n \u0111\u1ea1i, khi c\u00e1c r\u00e0o c\u1ea3n d\u00f2ng v\u1ed1n xuy\u00ean bi\u00ean gi\u1edbi \u0111\u01b0\u1ee3c n\u1edbi l\u1ecfng, l\u1ea1m ph\u00e1t \u1edf m\u1ee9c v\u1eeba ph\u1ea3i l\u1ea1i th\u01b0\u1eddng khi\u1ebfn c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng t\u0103ng l\u00e3i su\u1ea5t. \u0110i\u1ec1u n\u00e0y thu h\u00fat d\u00f2ng v\u1ed1n t\u1eeb c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u t\u00ecm ki\u1ebfm l\u1ee3i su\u1ea5t cao h\u01a1n, t\u1eeb \u0111\u00f3 l\u00e0m t\u0103ng nhu c\u1ea7u \u0111\u1ed1i v\u1edbi \u0111\u1ed3ng n\u1ed9i t\u1ec7 \u2014 trong tr\u01b0\u1eddng h\u1ee3p c\u1ee7a \u00dac l\u00e0 \u0111\u1ed3ng AUD.<\/p>\n<p>D\u1eef li\u1ec7u kinh t\u1ebf v\u0129 m\u00f4 ph\u1ea3n \u00e1nh s\u1ee9c kh\u1ecfe c\u1ee7a n\u1ec1n kinh t\u1ebf v\u00e0 c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn gi\u00e1 tr\u1ecb \u0111\u1ed3ng ti\u1ec1n qu\u1ed1c gia. Nh\u00e0 \u0111\u1ea7u t\u01b0 th\u01b0\u1eddng \u01b0u ti\u00ean r\u00f3t v\u1ed1n v\u00e0o nh\u1eefng n\u1ec1n kinh t\u1ebf an to\u00e0n v\u00e0 t\u0103ng tr\u01b0\u1edfng thay v\u00ec suy y\u1ebfu v\u00e0 b\u1ea5t \u1ed5n. D\u00f2ng v\u1ed1n l\u1edbn h\u01a1n s\u1ebd l\u00e0m t\u0103ng nhu c\u1ea7u t\u1ed5ng th\u1ec3 \u0111\u1ed1i v\u1edbi \u0111\u1ed3ng n\u1ed9i t\u1ec7. C\u00e1c ch\u1ec9 s\u1ed1 kinh t\u1ebf nh\u01b0 GDP, PMI s\u1ea3n xu\u1ea5t v\u00e0 d\u1ecbch v\u1ee5, d\u1eef li\u1ec7u vi\u1ec7c l\u00e0m v\u00e0 kh\u1ea3o s\u00e1t ni\u1ec1m tin ti\u00eau d\u00f9ng \u0111\u1ec1u c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn AUD. M\u1ed9t n\u1ec1n kinh t\u1ebf m\u1ea1nh c\u00f3 th\u1ec3 khi\u1ebfn RBA t\u0103ng l\u00e3i su\u1ea5t, t\u1eeb \u0111\u00f3 ti\u1ebfp t\u1ee5c h\u1ed7 tr\u1ee3 \u0111\u1ed3ng AUD.<\/p>\n<p>N\u1edbi l\u1ecfng \u0111\u1ecbnh l\u01b0\u1ee3ng (QE) l\u00e0 c\u00f4ng c\u1ee5 \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng trong c\u00e1c t\u00ecnh hu\u1ed1ng c\u1ef1c \u0111oan khi vi\u1ec7c gi\u1ea3m l\u00e3i su\u1ea5t kh\u00f4ng \u0111\u1ee7 \u0111\u1ec3 kh\u00f4i ph\u1ee5c d\u00f2ng ch\u1ea3y t\u00edn d\u1ee5ng trong n\u1ec1n kinh t\u1ebf. QE l\u00e0 qu\u00e1 tr\u00ecnh RBA in th\u00eam \u0111\u1ed3ng AUD \u0111\u1ec3 mua t\u00e0i s\u1ea3n \u2014 th\u01b0\u1eddng l\u00e0 tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 ho\u1eb7c doanh nghi\u1ec7p \u2014 t\u1eeb c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh nh\u1eb1m cung c\u1ea5p thanh kho\u1ea3n cho h\u1ec7 th\u1ed1ng. QE th\u01b0\u1eddng khi\u1ebfn AUD suy y\u1ebfu.<\/p>\n<p>Th\u1eaft ch\u1eb7t \u0111\u1ecbnh l\u01b0\u1ee3ng (QT) l\u00e0 qu\u00e1 tr\u00ecnh ng\u01b0\u1ee3c l\u1ea1i c\u1ee7a QE. QT \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n sau khi n\u1ec1n kinh t\u1ebf ph\u1ee5c h\u1ed3i v\u00e0 l\u1ea1m ph\u00e1t b\u1eaft \u0111\u1ea7u t\u0103ng. Trong khi QE l\u00e0 vi\u1ec7c RBA mua tr\u00e1i phi\u1ebfu \u0111\u1ec3 b\u01a1m thanh kho\u1ea3n, th\u00ec QT l\u00e0 khi RBA ng\u1eebng mua th\u00eam t\u00e0i s\u1ea3n v\u00e0 kh\u00f4ng t\u00e1i \u0111\u1ea7u t\u01b0 ph\u1ea7n g\u1ed1c \u0111\u00e1o h\u1ea1n t\u1eeb c\u00e1c tr\u00e1i phi\u1ebfu \u0111ang n\u1eafm gi\u1eef. \u0110i\u1ec1u n\u00e0y th\u01b0\u1eddng t\u00edch c\u1ef1c cho \u0111\u1ed3ng AUD.<\/p>","protected":false},"excerpt":{"rendered":"<p>Ph\u00f3 Th\u1ed1ng \u0111\u1ed1c RBA Sarah Hunter cho bi\u1ebft Ng\u00e2n h\u00e0ng D\u1ef1 tr\u1eef \u00dac lo ng\u1ea1i r\u1eb1ng chi ph\u00ed n\u0103ng l\u01b0\u1ee3ng [&hellip;]<\/p>","protected":false},"author":5,"featured_media":80615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222],"tags":[],"class_list":["post-80612","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\/80612","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=80612"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/80612\/revisions"}],"predecessor-version":[{"id":80901,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/80612\/revisions\/80901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/80615"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=80612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=80612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=80612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}