{"id":71075,"date":"2026-04-14T08:51:23","date_gmt":"2026-04-14T01:51:23","guid":{"rendered":"https:\/\/hbbgroup.net\/rbas-hauser-focused-on-preventing-rise-in-inflation-expectations\/"},"modified":"2026-04-14T09:19:58","modified_gmt":"2026-04-14T02:19:58","slug":"rbas-andrew-hauser-tap-trung-ngan-chan-ky-vong-lam-phat-gia-tang","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/rbas-andrew-hauser-tap-trung-ngan-chan-ky-vong-lam-phat-gia-tang\/","title":{"rendered":"RBA\u2019s Andrew Hauser: T\u1eadp trung ng\u0103n ch\u1eb7n k\u1ef3 v\u1ecdng l\u1ea1m ph\u00e1t gia t\u0103ng"},"content":{"rendered":"<p>Ph\u00f3 Th\u1ed1ng \u0111\u1ed1c Reserve Bank of Australia, Andrew Hauser, ph\u00e1t bi\u1ec3u trong m\u1ed9t bu\u1ed5i trao \u0111\u1ed5i v\u00e0o th\u1ee9 Ba, c\u1ea3nh b\u00e1o r\u1eb1ng Australia \u0111ang \u0111\u1ed1i m\u1eb7t v\u1edbi b\u1ed1i c\u1ea3nh kinh t\u1ebf v\u0129 m\u00f4 \u0111\u1ea7y th\u00e1ch th\u1ee9c. L\u1ea1m ph\u00e1t cao v\u00e0 h\u1ea1n ch\u1ebf v\u1ec1 n\u0103ng l\u1ef1c cung \u1ee9ng l\u00e0m gia t\u0103ng r\u1ee7i ro x\u1ea3y ra k\u1ecbch b\u1ea3n \u0111\u00ecnh l\u1ea1m n\u1ebfu c\u00e1c c\u00fa s\u1ed1c n\u0103ng l\u01b0\u1ee3ng k\u00e9o d\u00e0i.<\/p>\n<p>L\u1ea1m ph\u00e1t t\u1ea1i Australia v\u1eabn \u1edf m\u1ee9c qu\u00e1 cao, v\u00e0 c\u00e1c h\u1ea1n ch\u1ebf v\u1ec1 ngu\u1ed3n cung ti\u1ebfp t\u1ee5c l\u00e0m gi\u1ea3m kh\u1ea3 n\u0103ng h\u1ea5p th\u1ee5 c\u00fa s\u1ed1c c\u1ee7a n\u1ec1n kinh t\u1ebf.<br \/>\nM\u1ed9t m\u1ed1i lo ng\u1ea1i ch\u00ednh l\u00e0 s\u1ef1 gia t\u0103ng m\u1ea1nh c\u1ee7a gi\u00e1 n\u0103ng l\u01b0\u1ee3ng li\u00ean quan \u0111\u1ebfn xung \u0111\u1ed9t Trung \u0110\u00f4ng, \u0111\u01b0\u1ee3c xem l\u00e0 m\u1ed9t c\u00fa s\u1ed1c thu nh\u1eadp \u0111\u00e1ng k\u1ec3 \u0111\u1ed1i v\u1edbi Australia.<br \/>\nChi ph\u00ed n\u0103ng l\u01b0\u1ee3ng cao \u0111ang l\u00e0m suy gi\u1ea3m s\u1ee9c mua c\u1ee7a h\u1ed9 gia \u0111\u00ecnh v\u00e0 t\u0103ng chi ph\u00ed \u0111\u1ea7u v\u00e0o cho doanh nghi\u1ec7p, \u0111\u1eb7t ra c\u00e2u h\u1ecfi v\u1ec1 m\u1ee9c \u0111\u1ed9 suy gi\u1ea3m c\u1ee7a ho\u1ea1t \u0111\u1ed9ng kinh t\u1ebf.<br \/>\nRBA \u0111ang t\u1eadp trung ng\u0103n ch\u1eb7n b\u1ea5t k\u1ef3 s\u1ef1 gia t\u0103ng n\u00e0o trong k\u1ef3 v\u1ecdng l\u1ea1m ph\u00e1t trung h\u1ea1n, \u0111i\u1ec1u c\u00f3 th\u1ec3 khi\u1ebfn \u00e1p l\u1ef1c gi\u00e1 c\u1ea3 tr\u1edf n\u00ean dai d\u1eb3ng h\u01a1n.<\/p>\n<p>\u0110\u1ed3ng \u0110\u00f4 la \u00dac (AUD) ph\u1ea3n \u1ee9ng kh\u00f4ng \u0111\u00e1ng k\u1ec3 tr\u01b0\u1edbc c\u00e1c ph\u00e1t bi\u1ec3u c\u1ee7a Hauser, tuy nhi\u00ean tri\u1ec3n v\u1ecdng mang t\u00ednh \u201chawkish\u201d h\u1ed7 tr\u1ee3 kh\u1ea3 n\u0103ng ti\u1ebfp t\u1ee5c t\u0103ng gi\u00e1 v\u01b0\u1ee3t m\u1ed1c 0,7100 \u2013 m\u1ee9c cao g\u1ea7n 4 tu\u1ea7n \u0111\u1ea1t \u0111\u01b0\u1ee3c tr\u01b0\u1edbc \u0111\u00f3 trong ng\u00e0y th\u1ee9 Ba.<\/p>\n<p><strong>C\u00e2u h\u1ecfi th\u01b0\u1eddng g\u1eb7p v\u1ec1 RBA<\/strong><\/p>\n<p>Reserve Bank of Australia thi\u1ebft l\u1eadp l\u00e3i su\u1ea5t v\u00e0 \u0111i\u1ec1u h\u00e0nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 cho Australia. C\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u01b0\u1ee3c \u0111\u01b0a ra b\u1edfi h\u1ed9i \u0111\u1ed3ng th\u1ed1ng \u0111\u1ed1c trong 11 cu\u1ed9c h\u1ecdp m\u1ed7i n\u0103m v\u00e0 c\u00e1c cu\u1ed9c h\u1ecdp kh\u1ea9n c\u1ea5p khi c\u1ea7n thi\u1ebft. M\u1ee5c ti\u00eau ch\u00ednh c\u1ee7a RBA l\u00e0 duy tr\u00ec \u1ed5n \u0111\u1ecbnh gi\u00e1 c\u1ea3 (l\u1ea1m ph\u00e1t kho\u1ea3ng 2\u20133%), \u0111\u1ed3ng th\u1eddi g\u00f3p ph\u1ea7n \u1ed5n \u0111\u1ecbnh ti\u1ec1n t\u1ec7, \u0111\u1ea3m b\u1ea3o vi\u1ec7c l\u00e0m \u0111\u1ea7y \u0111\u1ee7 v\u00e0 s\u1ef1 th\u1ecbnh v\u01b0\u1ee3ng kinh t\u1ebf. C\u00f4ng c\u1ee5 ch\u00ednh l\u00e0 \u0111i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t. L\u00e3i su\u1ea5t cao h\u01a1n th\u01b0\u1eddng h\u1ed7 tr\u1ee3 \u0111\u1ed3ng AUD v\u00e0 ng\u01b0\u1ee3c l\u1ea1i. Ngo\u00e0i ra, RBA c\u00f2n s\u1eed d\u1ee5ng c\u00e1c c\u00f4ng c\u1ee5 nh\u01b0 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>M\u1eb7c d\u00f9 tr\u01b0\u1edbc \u0111\u00e2y l\u1ea1m ph\u00e1t \u0111\u01b0\u1ee3c xem l\u00e0 y\u1ebfu t\u1ed1 ti\u00eau c\u1ef1c \u0111\u1ed1i v\u1edbi ti\u1ec1n t\u1ec7, trong b\u1ed1i c\u1ea3nh hi\u1ec7n \u0111\u1ea1i, l\u1ea1m ph\u00e1t v\u1eeba ph\u1ea3i th\u01b0\u1eddng khi\u1ebfn ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng t\u0103ng l\u00e3i su\u1ea5t, qua \u0111\u00f3 thu h\u00fat d\u00f2ng v\u1ed1n \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u v\u00e0 l\u00e0m t\u0103ng nhu c\u1ea7u \u0111\u1ed1i v\u1edbi \u0111\u1ed3ng ti\u1ec1n n\u1ed9i \u0111\u1ecba \u2013 trong tr\u01b0\u1eddng h\u1ee3p n\u00e0y l\u00e0 AUD.<\/p>\n<p>C\u00e1c d\u1eef li\u1ec7u kinh t\u1ebf v\u0129 m\u00f4 ph\u1ea3n \u00e1nh s\u1ee9c kh\u1ecfe n\u1ec1n kinh t\u1ebf v\u00e0 c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn AUD. Nh\u1eefng ch\u1ec9 s\u1ed1 nh\u01b0 GDP, PMI s\u1ea3n xu\u1ea5t v\u00e0 d\u1ecbch v\u1ee5, vi\u1ec7c l\u00e0m v\u00e0 ni\u1ec1m tin ti\u00eau d\u00f9ng \u0111\u1ec1u c\u00f3 th\u1ec3 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn xu h\u01b0\u1edbng c\u1ee7a \u0111\u1ed3ng ti\u1ec1n. 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 h\u1ed7 tr\u1ee3 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 \u0111\u1eb7c bi\u1ec7t khi vi\u1ec7c gi\u1ea3m l\u00e3i su\u1ea5t kh\u00f4ng \u0111\u1ee7 \u0111\u1ec3 kh\u00f4i ph\u1ee5c d\u00f2ng t\u00edn d\u1ee5ng. QE l\u00e0 qu\u00e1 tr\u00ecnh RBA in ti\u1ec1n \u0111\u1ec3 mua t\u00e0i s\u1ea3n (th\u01b0\u1eddng l\u00e0 tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 ho\u1eb7c doanh nghi\u1ec7p), cung c\u1ea5p thanh kho\u1ea3n cho h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh, v\u00e0 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 v\u1edbi QE, \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n khi kinh t\u1ebf ph\u1ee5c h\u1ed3i v\u00e0 l\u1ea1m ph\u00e1t t\u0103ng. Trong QT, RBA ng\u1eebng mua th\u00eam t\u00e0i s\u1ea3n v\u00e0 kh\u00f4ng t\u00e1i \u0111\u1ea7u t\u01b0 c\u00e1c kho\u1ea3n tr\u00e1i phi\u1ebfu \u0111\u00e1o h\u1ea1n, \u0111i\u1ec1u n\u00e0y th\u01b0\u1eddng c\u00f3 l\u1ee3i cho \u0111\u1ed3ng AUD.<\/p>","protected":false},"excerpt":{"rendered":"<p>Ph\u00f3 Th\u1ed1ng \u0111\u1ed1c Reserve Bank of Australia, Andrew Hauser, ph\u00e1t bi\u1ec3u trong m\u1ed9t bu\u1ed5i trao \u0111\u1ed5i v\u00e0o th\u1ee9 Ba, c\u1ea3nh [&hellip;]<\/p>","protected":false},"author":5,"featured_media":71076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222],"tags":[],"class_list":["post-71075","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\/71075","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=71075"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/71075\/revisions"}],"predecessor-version":[{"id":71364,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/71075\/revisions\/71364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/71076"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=71075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=71075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=71075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}