{"id":77785,"date":"2026-05-06T09:08:34","date_gmt":"2026-05-06T02:08:34","guid":{"rendered":"https:\/\/hbbgroup.net\/php-inflation-shock-drives-hawkish-bsp-path-uob\/"},"modified":"2026-05-06T09:51:52","modified_gmt":"2026-05-06T02:51:52","slug":"php-inflation-shock-drives-hawkish-bsp-path-uob","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/php-inflation-shock-drives-hawkish-bsp-path-uob\/","title":{"rendered":"PHP: C\u00fa s\u1ed1c l\u1ea1m ph\u00e1t th\u00fac \u0111\u1ea9y tri\u1ec3n v\u1ecdng ch\u00ednh s\u00e1ch \u201cdi\u1ec1u h\u00e2u\u201d c\u1ee7a BSP \u2013 UOB"},"content":{"rendered":"
\n

C\u00e1c chuy\u00ean gia kinh t\u1ebf c\u1ee7a UOB, Julia Goh v\u00e0 Loke Siew Ting, cho bi\u1ebft l\u1ea1m ph\u00e1t t\u1ea1i Philippines \u0111\u00e3 t\u0103ng v\u1ecdt l\u00ean m\u1ee9c cao nh\u1ea5t trong 37 th\u00e1ng, bu\u1ed9c h\u1ecd ph\u1ea3i \u0111i\u1ec1u ch\u1ec9nh m\u1ea1nh d\u1ef1 b\u00e1o cho n\u0103m 2026. UOB hi\u1ec7n k\u1ef3 v\u1ecdng Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Philippines (Bangko Sentral ng Pilipinas \u2013 BSP) s\u1ebd ti\u1ebfp t\u1ee5c n\u00e2ng l\u00e3i su\u1ea5t th\u00eam hai l\u1ea7n, m\u1ed7i l\u1ea7n 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n, \u0111\u01b0a l\u00e3i su\u1ea5t Reverse Repurchase (RRP) l\u00ean 5,00% v\u00e0 duy tr\u00ec \u1edf m\u1ee9c n\u00e0y \u0111\u1ebfn h\u1ebft n\u0103m 2026.<\/p>\n

L\u1ea1m ph\u00e1t t\u0103ng m\u1ea1nh c\u1ee7ng c\u1ed1 k\u1ef3 v\u1ecdng BSP ti\u1ebfp t\u1ee5c n\u00e2ng l\u00e3i su\u1ea5t<\/p>\n

\u201cC\u00e1c gi\u00e1n \u0111o\u1ea1n ngu\u1ed3n cung n\u0103ng l\u01b0\u1ee3ng li\u00ean quan \u0111\u1ebfn Trung \u0110\u00f4ng, k\u1ebft h\u1ee3p v\u1edbi hi\u1ec7u \u1ee9ng c\u01a1 s\u1edf v\u00e0 s\u1ef1 suy y\u1ebfu k\u00e9o d\u00e0i c\u1ee7a \u0111\u1ed3ng Peso Philippines (PHP), c\u00f3 th\u1ec3 \u0111\u1ea9y l\u1ea1m ph\u00e1t ti\u1ebfn g\u1ea7n ho\u1eb7c v\u01b0\u1ee3t m\u1ed1c 10% v\u00e0o cu\u1ed1i n\u0103m n\u1ebfu xung \u0111\u1ed9t ti\u1ebfp di\u1ec5n.\u201d<\/p>\n

\u201cM\u1ee9c t\u0103ng l\u1ea1m ph\u00e1t th\u00e1ng 4 m\u1ea1nh h\u01a1n k\u1ef3 v\u1ecdng \u0111\u00e3 bu\u1ed9c ch\u00fang t\u00f4i ti\u1ebfp t\u1ee5c n\u00e2ng d\u1ef1 b\u00e1o l\u1ea1m ph\u00e1t c\u1ea3 n\u0103m 2026 l\u00ean 7,5% (so v\u1edbi m\u1ee9c 5,5% \u0111i\u1ec1u ch\u1ec9nh h\u1ed3i th\u00e1ng 4; d\u1ef1 b\u00e1o c\u1ee7a BSP l\u00e0 6,3%; n\u0103m 2025 l\u00e0 1,7%), \u0111\u00e1nh d\u1ea5u m\u1ee9c t\u0103ng h\u00e0ng n\u0103m cao nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 2008.\u201d<\/p>\n

\u201cNh\u00ecn chung, d\u1eef li\u1ec7u l\u1ea1m ph\u00e1t m\u1edbi nh\u1ea5t c\u1ee7ng c\u1ed1 quan \u0111i\u1ec3m c\u1ee7a ch\u00fang t\u00f4i r\u1eb1ng BSP c\u1ea7n th\u1ef1c hi\u1ec7n th\u00eam hai \u0111\u1ee3t t\u0103ng 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n \u0111\u1ed1i v\u1edbi l\u00e3i su\u1ea5t reverse repurchase (RRP) \u2014 m\u1ed9t l\u1ea7n v\u00e0o th\u00e1ng 6 v\u00e0 m\u1ed9t l\u1ea7n n\u1eefa trong qu\u00fd 3\/2026 \u2014 nh\u1eb1m ki\u1ec1m ch\u1ebf \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t, \u0111\u1ed3ng th\u1eddi v\u1eabn h\u1ed7 tr\u1ee3 t\u0103ng tr\u01b0\u1edfng trung h\u1ea1n trong b\u1ed1i c\u1ea3nh ch\u00ednh s\u00e1ch t\u00e0i kh\u00f3a ti\u1ebfp t\u1ee5c h\u1ed7 tr\u1ee3 n\u1ec1n kinh t\u1ebf.\u201d<\/p>\n

\u201c\u0110i\u1ec1u n\u00e0y s\u1ebd \u0111\u01b0a l\u00e3i su\u1ea5t RRP l\u00ean m\u1ee9c 5,00%, v\u00e0 ch\u00fang t\u00f4i k\u1ef3 v\u1ecdng m\u1ee9c n\u00e0y s\u1ebd \u0111\u01b0\u1ee3c duy tr\u00ec \u0111\u1ebfn h\u1ebft n\u0103m 2026.\u201d<\/p>\n

\u201cTri\u1ec3n v\u1ecdng c\u1ee7a ch\u00fang t\u00f4i ph\u00f9 h\u1ee3p v\u1edbi tuy\u00ean b\u1ed1 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 mang t\u00ednh \u2018di\u1ec1u h\u00e2u\u2019 c\u1ee7a BSP trong th\u00e1ng 4 c\u0169ng nh\u01b0 \u0111\u1ecbnh h\u01b0\u1edbng t\u1eeb Th\u1ed1ng \u0111\u1ed1c BSP, nh\u1ea5n m\u1ea1nh c\u00e1ch ti\u1ebfp c\u1eadn th\u1eadn tr\u1ecdng v\u00e0 ph\u1ee5 thu\u1ed9c v\u00e0o d\u1eef li\u1ec7u trong b\u1ed1i c\u1ea3nh b\u1ea5t \u1ed5n li\u00ean quan \u0111\u1ebfn Trung \u0110\u00f4ng v\u1eabn c\u00f2n k\u00e9o d\u00e0i.\u201d<\/p>\n

(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 bi\u00ean t\u1eadp vi\u00ean r\u00e0 so\u00e1t.)<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

C\u00e1c chuy\u00ean gia kinh t\u1ebf c\u1ee7a UOB, Julia Goh v\u00e0 Loke Siew Ting, cho bi\u1ebft l\u1ea1m ph\u00e1t t\u1ea1i Philippines \u0111\u00e3 […]<\/p>","protected":false},"author":5,"featured_media":77787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222],"tags":[],"class_list":["post-77785","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\/77785","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=77785"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/77785\/revisions"}],"predecessor-version":[{"id":77991,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/77785\/revisions\/77991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/77787"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=77785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=77785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=77785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}