{"id":75804,"date":"2026-04-24T09:06:43","date_gmt":"2026-04-24T02:06:43","guid":{"rendered":"https:\/\/hbbgroup.net\/php-bsp-tightening-bias-supports-currency-uob\/"},"modified":"2026-04-24T09:14:19","modified_gmt":"2026-04-24T02:14:19","slug":"php-xu-huong-that-chat-chinh-sach-cua-bsp-ho-tro-dong-peso-uob","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/php-xu-huong-that-chat-chinh-sach-cua-bsp-ho-tro-dong-peso-uob\/","title":{"rendered":"PHP: Xu h\u01b0\u1edbng th\u1eaft ch\u1eb7t ch\u00ednh s\u00e1ch c\u1ee7a BSP h\u1ed7 tr\u1ee3 \u0111\u1ed3ng peso \u2013 UOB"},"content":{"rendered":"
\n

C\u00e1c nh\u00e0 kinh t\u1ebf Julia Goh v\u00e0 Loke Siew Ting c\u1ee7a UOB cho bi\u1ebft Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Philippines (BSP) \u0111\u00e3 b\u1eaft \u0111\u1ea7u m\u1ed9t chu k\u1ef3 th\u1eaft ch\u1eb7t m\u1edbi, n\u00e2ng l\u00e3i su\u1ea5t Reverse Repurchase (RRP) l\u00ean 4.50% v\u00e0 ph\u00e1t t\u00edn hi\u1ec7u s\u1ebd ti\u1ebfp t\u1ee5c t\u0103ng. Hi\u1ec7n h\u1ecd d\u1ef1 b\u00e1o l\u00e3i su\u1ea5t \u0111i\u1ec1u h\u00e0nh s\u1ebd \u0111\u1ea1t 5.00% v\u00e0o cu\u1ed1i n\u0103m 2026 khi d\u1ef1 b\u00e1o l\u1ea1m ph\u00e1t v\u01b0\u1ee3t m\u1ee5c ti\u00eau v\u00e0 ch\u00ednh s\u00e1ch t\u00e0i kh\u00f3a tr\u1edf n\u00ean h\u1ed7 tr\u1ee3 h\u01a1n.<\/p>\n

BSP b\u1eaft \u0111\u1ea7u chu k\u1ef3 th\u1eaft ch\u1eb7t m\u1edbi<\/strong><\/p>\n

\u201c\u0110\u1ecbnh h\u01b0\u1edbng ch\u00ednh s\u00e1ch t\u1eeb tuy\u00ean b\u1ed1 ti\u1ec1n t\u1ec7 g\u1ea7n nh\u1ea5t v\u00e0 cu\u1ed9c h\u1ecdp b\u00e1o sau \u0111\u00f3 cho th\u1ea5y s\u1ef1 kh\u1edfi \u0111\u1ea7u c\u1ee7a m\u1ed9t chu k\u1ef3 th\u1eaft ch\u1eb7t, v\u1edbi kh\u1ea3 n\u0103ng ti\u1ebfp t\u1ee5c t\u0103ng l\u00e3i su\u1ea5t trong ph\u1ea7n c\u00f2n l\u1ea1i c\u1ee7a n\u0103m. BSP cho bi\u1ebft \u0111\u1ee3t t\u0103ng l\u00e3i su\u1ea5t l\u1ea7n n\u00e0y (23\/4) nh\u1eb1m neo gi\u1eef k\u1ef3 v\u1ecdng l\u1ea1m ph\u00e1t v\u00e0 h\u1ea1n ch\u1ebf c\u00e1c t\u00e1c \u0111\u1ed9ng v\u00f2ng hai, \u0111\u1ed3ng th\u1eddi nh\u1ea5n m\u1ea1nh r\u1eb1ng t\u1ed1c \u0111\u1ed9 th\u1eaft ch\u1eb7t v\u1eeba ph\u1ea3i v\u1eabn s\u1ebd h\u1ed7 tr\u1ee3 ph\u1ee5c h\u1ed3i kinh t\u1ebf trung h\u1ea1n. Ng\u00e2n h\u00e0ng c\u0169ng kh\u1eb3ng \u0111\u1ecbnh s\u1eb5n s\u00e0ng th\u1ef1c hi\u1ec7n m\u1ecdi bi\u1ec7n ph\u00e1p ti\u1ec1n t\u1ec7 c\u1ea7n thi\u1ebft \u0111\u1ec3 \u0111\u01b0a l\u1ea1m ph\u00e1t tr\u1edf l\u1ea1i m\u1ee5c ti\u00eau 3.0%, ph\u00f9 h\u1ee3p v\u1edbi nhi\u1ec7m v\u1ee5 ch\u00ednh l\u00e0 duy tr\u00ec \u1ed5n \u0111\u1ecbnh gi\u00e1 c\u1ea3.\u201d<\/p>\n

\u201cD\u00f9 BSP nh\u1ea5n m\u1ea1nh c\u00e1ch ti\u1ebfp c\u1eadn th\u1eadn tr\u1ecdng, ph\u1ee5 thu\u1ed9c d\u1eef li\u1ec7u trong b\u1ed1i c\u1ea3nh b\u1ea5t \u1ed5n li\u00ean quan \u0111\u1ebfn Trung \u0110\u00f4ng, xu h\u01b0\u1edbng ch\u00ednh s\u00e1ch \u0111\u00e3 r\u00f5 r\u00e0ng chuy\u1ec3n sang \u2018di\u1ec1u h\u00e2u\u2019. H\u1ed9i \u0111\u1ed3ng Ti\u1ec1n t\u1ec7 c\u0169ng nh\u1ea5n m\u1ea1nh c\u00e1c \u0111\u1ee3t th\u1eaft ch\u1eb7t ti\u1ebfp theo s\u1ebd di\u1ec5n ra d\u1ea7n d\u1ea7n \u0111\u1ec3 kh\u00f4ng l\u00e0m gi\u00e1n \u0111o\u1ea1n \u0111\u00e0 ph\u1ee5c h\u1ed3i kinh t\u1ebf. Trong b\u1ed1i c\u1ea3nh n\u00e0y, ch\u00fang t\u00f4i d\u1ef1 b\u00e1o th\u00eam hai \u0111\u1ee3t t\u0103ng 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n, m\u1ed9t v\u00e0o th\u00e1ng 6 v\u00e0 m\u1ed9t v\u00e0o qu\u00fd 3\/2026, \u0111\u01b0a l\u00e3i su\u1ea5t RRP l\u00ean 5.00% v\u00e0 duy tr\u00ec m\u1ee9c n\u00e0y \u0111\u1ebfn h\u1ebft n\u0103m 2026.\u201d<\/p>\n

\u201cN\u00f3i c\u00e1ch kh\u00e1c, quy\u1ebft \u0111\u1ecbnh ch\u00ednh s\u00e1ch m\u1edbi nh\u1ea5t cho th\u1ea5y BSP \u0111ang t\u1eadp trung tr\u1edf l\u1ea1i v\u00e0o r\u1ee7i ro l\u1ea1m ph\u00e1t h\u01a1n l\u00e0 lo ng\u1ea1i t\u0103ng tr\u01b0\u1edfng ng\u1eafn h\u1ea1n. Ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng hi\u1ec7n d\u1ef1 b\u00e1o l\u1ea1m ph\u00e1t to\u00e0n ph\u1ea7n s\u1ebd v\u01b0\u1ee3t m\u1ee9c tr\u1ea7n 4% trong c\u1ea3 n\u0103m 2026 (6.3%, so v\u1edbi 5.1% d\u1ef1 b\u00e1o th\u00e1ng 3 v\u00e0 \u01b0\u1edbc t\u00ednh c\u1ee7a UOB l\u00e0 5.5%) v\u00e0 n\u0103m 2027 (4.3% so v\u1edbi 3.8% tr\u01b0\u1edbc \u0111\u00f3 v\u00e0 \u01b0\u1edbc t\u00ednh UOB l\u00e0 3.5%). L\u1ea1m ph\u00e1t l\u00f5i c\u0169ng \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o ti\u1ebfn g\u1ea7n m\u1ee9c tr\u1ea7n 4%, l\u00e0m gia t\u0103ng nguy c\u01a1 k\u1ef3 v\u1ecdng l\u1ea1m ph\u00e1t m\u1ea5t ki\u1ec3m so\u00e1t trong b\u1ed1i c\u1ea3nh \u00e1p l\u1ef1c gi\u00e1 k\u00e9o d\u00e0i t\u1eeb kh\u1ee7ng ho\u1ea3ng Trung \u0110\u00f4ng v\u00e0 ch\u00ednh s\u00e1ch t\u00e0i kh\u00f3a ti\u1ebfp t\u1ee5c h\u1ed7 tr\u1ee3 t\u0103ng tr\u01b0\u1edfng.\u201d<\/p>\n

(B\u00e0i vi\u1ebft \u0111\u01b0\u1ee3c t\u1ea1o v\u1edbi s\u1ef1 h\u1ed7 tr\u1ee3 c\u1ee7a c\u00f4ng c\u1ee5 AI v\u00e0 \u0111\u01b0\u1ee3c bi\u00ean t\u1eadp l\u1ea1i.)<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

C\u00e1c nh\u00e0 kinh t\u1ebf Julia Goh v\u00e0 Loke Siew Ting c\u1ee7a UOB cho bi\u1ebft Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Philippines (BSP) […]<\/p>","protected":false},"author":5,"featured_media":75805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222],"tags":[],"class_list":["post-75804","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\/75804","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=75804"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/75804\/revisions"}],"predecessor-version":[{"id":75856,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/75804\/revisions\/75856"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/75805"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=75804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=75804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=75804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}