{"id":65963,"date":"2026-03-27T09:09:21","date_gmt":"2026-03-27T02:09:21","guid":{"rendered":"https:\/\/hbbgroup.net\/php-energy-shock-risks-and-bsp-stance-dbs-2\/"},"modified":"2026-03-27T10:14:52","modified_gmt":"2026-03-27T03:14:52","slug":"php-energy-shock-risks-and-bsp-stance-dbs-2","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/php-energy-shock-risks-and-bsp-stance-dbs-2\/","title":{"rendered":"PHP: R\u1ee7i ro c\u00fa s\u1ed1c n\u0103ng l\u01b0\u1ee3ng v\u00e0 l\u1eadp tr\u01b0\u1eddng ch\u00ednh s\u00e1ch c\u1ee7a BSP \u2013 DBS"},"content":{"rendered":"<div id=\"post-content-section\">\n<p>Nh\u00e0 kinh t\u1ebf h\u1ecdc Radhika Rao c\u1ee7a DBS Group Research ph\u00e2n t\u00edch c\u00e1ch vi\u1ec7c Philippines ban b\u1ed1 t\u00ecnh tr\u1ea1ng kh\u1ea9n c\u1ea5p n\u0103ng l\u01b0\u1ee3ng qu\u1ed1c gia \u0111\u1ec3 \u1ee9ng ph\u00f3 v\u1edbi r\u1ee7i ro gi\u00e1n \u0111o\u1ea1n ngu\u1ed3n cung t\u1eeb Trung \u0110\u00f4ng c\u00f3 th\u1ec3 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn l\u1ea1m ph\u00e1t, t\u0103ng tr\u01b0\u1edfng v\u00e0 \u0111\u1ed3ng Peso Philippines (PHP). B\u00e0 l\u01b0u \u00fd \u00e1p l\u1ef1c gia t\u0103ng tr\u00ean th\u1ecb tr\u01b0\u1eddng onshore, \u0111\u1ed3ng Peso suy y\u1ebfu xu\u1ed1ng m\u1ee9c th\u1ea5p k\u1ef7 l\u1ee5c v\u00e0 th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu di\u1ec5n bi\u1ebfn k\u00e9m h\u01a1n khu v\u1ef1c, \u0111\u1ed3ng th\u1eddi k\u1ef3 v\u1ecdng Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Philippines (BSP) s\u1ebd duy tr\u00ec giai \u0111o\u1ea1n t\u1ea1m d\u1eebng k\u00e9o d\u00e0i, qua \u0111\u00f3 lo\u1ea1i b\u1ecf l\u1ea7n c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t cu\u1ed1i c\u00f9ng t\u1eebng \u0111\u01b0\u1ee3c DBS \u0111\u01b0a v\u00e0o k\u1ecbch b\u1ea3n c\u01a1 s\u1edf.<\/p>\n<h2><strong>T\u00ecnh tr\u1ea1ng kh\u1ea9n c\u1ea5p n\u0103ng l\u01b0\u1ee3ng g\u00e2y s\u1ee9c \u00e9p l\u00ean tri\u1ec3n v\u1ecdng c\u1ee7a \u0111\u1ed3ng Peso<\/strong><\/h2>\n<p>\u201cNgay c\u1ea3 tr\u01b0\u1edbc khi xung \u0111\u1ed9t t\u1ea1i Trung \u0110\u00f4ng b\u00f9ng ph\u00e1t, c\u00e1c d\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng ch\u00ednh th\u1ee9c \u0111\u00e3 b\u1ecb h\u1ea1 xu\u1ed1ng c\u00f2n 4,6% cho n\u0103m 2026 v\u00e0 5,9% cho n\u0103m 2027 (so v\u1edbi 5,4% v\u00e0 6,3% tr\u01b0\u1edbc \u0111\u00f3), do c\u00e1c cu\u1ed9c \u0111i\u1ec1u tra li\u00ean quan \u0111\u1ebfn tham nh\u0169ng v\u00e0 ti\u1ebfn \u0111\u1ed9 gi\u1ea3i ng\u00e2n c\u00f4ng ch\u1eadm l\u1ea1i \u0111\u00e3 l\u00e0m suy y\u1ebfu tri\u1ec3n v\u1ecdng, b\u1ea5t ch\u1ea5p vi\u1ec7c l\u00e3i su\u1ea5t \u0111i\u1ec1u h\u00e0nh \u0111\u00e3 \u0111\u01b0\u1ee3c c\u1eaft gi\u1ea3m 225 \u0111i\u1ec3m c\u01a1 b\u1ea3n.\u201d<\/p>\n<p>\u201cPhilippines \u0111\u00e3 ban b\u1ed1 t\u00ecnh tr\u1ea1ng kh\u1ea9n c\u1ea5p n\u0103ng l\u01b0\u1ee3ng qu\u1ed1c gia v\u00e0o th\u1ee9 T\u01b0 nh\u1eb1m \u0111\u1ed1i ph\u00f3 v\u1edbi c\u00e1c r\u1ee7i ro ph\u00e1t sinh t\u1eeb xung \u0111\u1ed9t Trung \u0110\u00f4ng v\u00e0 s\u1ef1 gi\u00e1n \u0111o\u1ea1n ngu\u1ed3n cung k\u00e9o theo.\u201d<\/p>\n<p>\u201cC\u00e1c th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh onshore \u0111\u00e3 ch\u1ecbu \u00e1p l\u1ef1c trong th\u00e1ng n\u00e0y, trong \u0111\u00f3 \u0111\u1ed3ng Peso (gi\u1ea3m xu\u1ed1ng m\u1ee9c th\u1ea5p k\u1ef7 l\u1ee5c) v\u00e0 th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu n\u1eb1m trong nh\u00f3m di\u1ec5n bi\u1ebfn k\u00e9m nh\u1ea5t khu v\u1ef1c t\u00ednh t\u1eeb \u0111\u1ea7u th\u00e1ng \u0111\u1ebfn nay.\u201d<\/p>\n<p>\u201cBSP s\u1ebd th\u1eadn tr\u1ecdng v\u1edbi vi\u1ec7c ti\u1ebfp t\u1ee5c h\u1ea1 l\u00e3i su\u1ea5t trong b\u1ed1i c\u1ea3nh hi\u1ec7n t\u1ea1i, v\u00e0 nhi\u1ec1u kh\u1ea3 n\u0103ng s\u1ebd \u01b0u ti\u00ean duy tr\u00ec giai \u0111o\u1ea1n t\u1ea1m d\u1eebng k\u00e9o d\u00e0i.\u201d<\/p>\n<p>\u201cCh\u00fang t\u00f4i lo\u1ea1i b\u1ecf l\u1ea7n c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t cu\u1ed1i c\u00f9ng kh\u1ecfi k\u1ecbch b\u1ea3n c\u01a1 s\u1edf c\u1ee7a m\u00ecnh.\u201d<\/p>\n<p><em>(B\u00e0i vi\u1ebft n\u00e0y \u0111\u01b0\u1ee3c t\u1ea1o v\u1edbi s\u1ef1 h\u1ed7 tr\u1ee3 c\u1ee7a c\u00f4ng c\u1ee5 Tr\u00ed tu\u1ec7 Nh\u00e2n t\u1ea1o v\u00e0 \u0111\u00e3 \u0111\u01b0\u1ee3c m\u1ed9t bi\u00ean t\u1eadp vi\u00ean r\u00e0 so\u00e1t.)<\/em><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Nh\u00e0 kinh t\u1ebf h\u1ecdc Radhika Rao c\u1ee7a DBS Group Research ph\u00e2n t\u00edch c\u00e1ch vi\u1ec7c Philippines ban b\u1ed1 t\u00ecnh tr\u1ea1ng kh\u1ea9n [&hellip;]<\/p>","protected":false},"author":5,"featured_media":65964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222],"tags":[],"class_list":["post-65963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ngoai-hoi"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/65963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=65963"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/65963\/revisions"}],"predecessor-version":[{"id":66133,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/65963\/revisions\/66133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/65964"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=65963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=65963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=65963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}