{"id":8477,"date":"2026-01-16T16:05:25","date_gmt":"2026-01-16T08:05:25","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=8477"},"modified":"2026-01-16T16:05:30","modified_gmt":"2026-01-16T08:05:30","slug":"%e6%97%a5%e5%85%83%e7%96%b2%e8%bd%af%e6%96%bd%e5%8e%8b%e9%80%9a%e8%83%80%ef%bc%8c%e6%97%a5%e6%9c%ac%e5%a4%ae%e8%a1%8c%e5%8a%a0%e6%81%af%e8%b7%af%e5%be%84%e9%99%b7%e6%94%bf%e7%ad%96%e6%9d%83%e8%a1%a1","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/8477","title":{"rendered":"\u0110\u1ed3ng y\u00ean y\u1ebfu g\u00e2y \u00e1p l\u1ef1c l\u00ean l\u1ea1m ph\u00e1t, l\u1ed9 tr\u00ecnh t\u0103ng l\u00e3i su\u1ea5t c\u1ee7a Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Nh\u1eadt B\u1ea3n b\u1ecb m\u1eafc k\u1eb9t trong s\u1ef1 \u0111\u00e1nh \u0111\u1ed5i ch\u00ednh s\u00e1ch"},"content":{"rendered":"

V\u1edbi vi\u1ec7c l\u00e3i su\u1ea5t chu\u1ea9n t\u0103ng l\u00ean m\u1ee9c cao nh\u1ea5t trong 30 n\u0103m, \u0111\u1ecbnh h\u01b0\u1edbng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n \u0111ang tr\u1edf th\u00e0nh t\u00e2m \u0111i\u1ec3m c\u1ee7a th\u1ecb tr\u01b0\u1eddng. Hi\u1ec7n nay, t\u00e1c \u0111\u1ed9ng truy\u1ec1n t\u1ea3i c\u1ee7a s\u1ef1 y\u1ebfu k\u00e9m li\u00ean t\u1ee5c c\u1ee7a \u0111\u1ed3ng Y\u00ean l\u00ean l\u1ea1m ph\u00e1t trong n\u01b0\u1edbc \u0111ang ng\u00e0y c\u00e0ng tr\u1edf n\u00ean r\u00f5 r\u00e0ng. C\u00f9ng v\u1edbi nh\u1eefng bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng do cu\u1ed9c b\u1ea7u c\u1eed s\u1edbm c\u1ee7a th\u1ee7 t\u01b0\u1edbng, Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Nh\u1eadt B\u1ea3n \u0111ang ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi \u00e1p l\u1ef1c ch\u00ednh s\u00e1ch \"c\u00f3 n\u00ean t\u0103ng l\u00e3i su\u1ea5t tr\u01b0\u1edbc hay kh\u00f4ng\". M\u1eb7c d\u00f9 th\u1ebf gi\u1edbi b\u00ean ngo\u00e0i nh\u00ecn chung \u0111\u01b0\u1ee3c d\u1ef1 \u0111o\u00e1n s\u1ebd gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t t\u1ea1i cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch v\u00e0o ng\u00e0y 23 th\u00e1ng 1, nh\u01b0ng xu h\u01b0\u1edbng c\u1ee7a \u0111\u1ed3ng y\u00ean, xu h\u01b0\u1edbng l\u1ea1m ph\u00e1t v\u00e0 ti\u1ebfn tr\u00ecnh ph\u1ee5c h\u1ed3i kinh t\u1ebf \u0111ang c\u00f9ng quy\u1ebft \u0111\u1ecbnh th\u1eddi \u0111i\u1ec3m cho \u0111\u1ee3t t\u0103ng l\u00e3i su\u1ea5t ti\u1ebfp theo.<\/p>\n

<\/a>Tin \u0111\u1ed3n b\u1ea7u c\u1eed l\u00e0m rung chuy\u1ec3n th\u1ecb tr\u01b0\u1eddng<\/strong><\/p>\n

K\u1ebf ho\u1ea1ch b\u1ea7u c\u1eed s\u1edbm c\u1ee7a Th\u1ee7 t\u01b0\u1edbng Nh\u1eadt B\u1ea3n Sanae Takaichi \u0111\u00e3 t\u1ea1o th\u00eam s\u1ef1 b\u1ea5t \u1ed5n m\u1edbi cho ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7. Th\u1ee7 t\u01b0\u1edbng, ng\u01b0\u1eddi n\u1ed5i ti\u1ebfng v\u1edbi l\u1eadp tr\u01b0\u1eddng \"\u00f4n h\u00f2a\", \u0111\u00e3 nh\u1ea5n m\u1ea1nh \u00f4ng \u01b0a th\u00edch l\u00e3i su\u1ea5t th\u1ea5p k\u1ec3 t\u1eeb khi nh\u1eadm ch\u1ee9c v\u00e0o th\u00e1ng 10 n\u0103m ngo\u00e1i, v\u00e0 \u0111\u1ed9i ng\u0169 c\u1ed1 v\u1ea5n c\u1ee7a \u00f4ng \u0111\u00e3 nhi\u1ec1u l\u1ea7n c\u1ea3nh b\u00e1o v\u1ec1 r\u1ee7i ro c\u1ee7a vi\u1ec7c ti\u1ebfp t\u1ee5c t\u0103ng l\u00e3i su\u1ea5t. Tin t\u1ee9c th\u1ecb tr\u01b0\u1eddng cho th\u1ea5y Takaichi Sanae c\u00f3 k\u1ebf ho\u1ea1ch gi\u1ea3i t\u00e1n qu\u1ed1c h\u1ed9i v\u00e0o tu\u1ea7n t\u1edbi \u0111\u1ec3 chu\u1ea9n b\u1ecb cho cu\u1ed9c b\u1ecf phi\u1ebfu to\u00e0n qu\u1ed1c. \u0110\u00e2y s\u1ebd l\u00e0 l\u1ea7n \u0111\u1ea7u ti\u00ean b\u00e0 d\u1eabn \u0111\u1ea7u m\u1ed9t cu\u1ed9c b\u1ea7u c\u1eed k\u1ec3 t\u1eeb khi nh\u1eadm ch\u1ee9c. Tin \u0111\u1ed3n b\u1ea7u c\u1eed \u0111\u00e3 g\u00e2y ra bi\u1ebfn \u0111\u1ed9ng \u0111\u00e1ng k\u1ec3 tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh. Tu\u1ea7n n\u00e0y, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 k\u1ef3 v\u1ecdng r\u1eb1ng n\u1ebfu Takaichi Sanae th\u1eafng c\u1eed, n\u01b0\u1edbc n\u00e0y c\u00f3 th\u1ec3 th\u00fac \u0111\u1ea9y c\u00e1c bi\u1ec7n ph\u00e1p t\u00e0i kh\u00f3a m\u1edf r\u1ed9ng h\u01a1n. K\u1ef3 v\u1ecdng n\u00e0y \u0111\u00e3 khi\u1ebfn ch\u1ee9ng kho\u00e1n Nh\u1eadt B\u1ea3n t\u0103ng v\u1ecdt v\u00e0 g\u00e2y \u00e1p l\u1ef1c l\u00ean tr\u00e1i phi\u1ebfu c\u0169ng nh\u01b0 t\u1ef7 gi\u00e1 \u0111\u1ed3ng y\u00ean.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20260116_152409\"<\/p>\n

T\u1ef7 gi\u00e1 \u0111\u1ed3ng y\u00ean t\u1eebng gi\u1ea3m xu\u1ed1ng m\u1ee9c y\u1ebfu nh\u1ea5t k\u1ec3 t\u1eeb th\u00e1ng 7\/2024, khi c\u00e1c c\u01a1 quan t\u00e0i ch\u00ednh Nh\u1eadt B\u1ea3n s\u1eed d\u1ee5ng bi\u1ec7n ph\u00e1p can thi\u1ec7p t\u1ef7 gi\u00e1 \u0111\u1ec3 h\u1ed7 tr\u1ee3 \u0111\u1ed3ng y\u00ean. Tr\u01b0\u1edbc c\u00fa s\u1ed1c th\u1ecb tr\u01b0\u1eddng do cu\u1ed9c b\u1ea7u c\u1eed g\u00e2y ra, Th\u1ed1ng \u0111\u1ed1c Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n Kazuo Ueda \u0111\u00e3 \u0111\u01b0a ra t\u00edn hi\u1ec7u ch\u00ednh s\u00e1ch r\u00f5 r\u00e0ng, nh\u1ea5n m\u1ea1nh ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng s\u1ebd kh\u00f4ng \u0111i ch\u1ec7ch kh\u1ecfi con \u0111\u01b0\u1eddng t\u0103ng l\u00e3i su\u1ea5t. \u00d4ng cho bi\u1ebft t\u1ea1i cu\u1ed9c h\u1ecdp n\u0103m m\u1edbi c\u1ee7a Hi\u1ec7p h\u1ed9i Ng\u00e2n h\u00e0ng Khu v\u1ef1c Tokyo r\u1eb1ng n\u1ebfu tri\u1ec3n v\u1ecdng kinh t\u1ebf v\u00e0 l\u1ea1m ph\u00e1t \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n, ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng s\u1ebd ti\u1ebfp t\u1ee5c t\u0103ng l\u00e3i su\u1ea5t v\u00e0 \u0111i\u1ec1u ch\u1ec9nh m\u1ee9c \u0111\u1ed9 n\u1edbi l\u1ecfng ti\u1ec1n t\u1ec7 t\u00f9y theo t\u00ecnh h\u00ecnh.<\/p>\n

Ueda Kazuo c\u0169ng ch\u1ec9 ra r\u1eb1ng ti\u1ec1n l\u01b0\u01a1ng v\u00e0 l\u1ea1m ph\u00e1t c\u00f3 th\u1ec3 s\u1ebd ti\u1ebfp t\u1ee5c t\u0103ng d\u1ea7n v\u00e0 nh\u1eefng \u0111i\u1ec1u ch\u1ec9nh ph\u00f9 h\u1ee3p trong ch\u00ednh s\u00e1ch n\u1edbi l\u1ecfng ti\u1ec1n t\u1ec7 s\u1ebd gi\u00fap \u0111\u1ea1t \u0111\u01b0\u1ee3c m\u1ee5c ti\u00eau \u1ed5n \u0111\u1ecbnh gi\u00e1 c\u1ea3 v\u00e0 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf d\u00e0i h\u1ea1n. Tuy\u00ean b\u1ed1 c\u1ee7a Kazuo Ueda nh\u1ea5t qu\u00e1n v\u1edbi quan \u0111i\u1ec3m tr\u01b0\u1edbc \u0111\u00e2y c\u1ee7a \u00f4ng, \u0111\u1ed3ng th\u1eddi c\u0169ng kh\u1eb3ng \u0111\u1ecbnh logic ch\u00ednh s\u00e1ch c\u1ee7a Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n: \u0111i\u1ec3m neo c\u1ed1t l\u00f5i c\u1ee7a ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 l\u00e0 d\u1eef li\u1ec7u kinh t\u1ebf v\u00e0 l\u1ea1m ph\u00e1t, thay v\u00ec nh\u1eefng bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng v\u00e0 ch\u00ednh tr\u1ecb ng\u1eafn h\u1ea1n. \u00d4ng c\u0169ng x\u00e1c nh\u1eadn r\u1eb1ng n\u1ec1n kinh t\u1ebf Nh\u1eadt B\u1ea3n s\u1ebd duy tr\u00ec s\u1ef1 ph\u1ee5c h\u1ed3i v\u1eeba ph\u1ea3i v\u00e0o n\u0103m 2025, \u0111i\u1ec1u n\u00e0y s\u1ebd h\u1ed7 tr\u1ee3 c\u01a1 b\u1ea3n cho c\u00e1c \u0111\u1ee3t t\u0103ng l\u00e3i su\u1ea5t ti\u1ebfp theo.<\/p>\n

<\/a>\u0110\u1ed3ng y\u00ean y\u1ebfu tr\u1edf th\u00e0nh bi\u1ebfn s\u1ed1 quan tr\u1ecdng<\/strong><\/p>\n

Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n \u0111\u00e3 t\u0103ng l\u00e3i su\u1ea5t chu\u1ea9n l\u00ean 0,75% ch\u1ec9 trong th\u00e1ng tr\u01b0\u1edbc, m\u1ee9c cao nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 1995. Theo nhi\u1ec1u ng\u01b0\u1eddi quen thu\u1ed9c v\u1edbi v\u1ea5n \u0111\u1ec1 n\u00e0y, c\u00e1c quan ch\u1ee9c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng mu\u1ed1n gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t t\u1ea1i cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch th\u00e1ng Gi\u00eang. \u1ee6y ban c\u00f3 k\u1ebf ho\u1ea1ch theo d\u00f5i d\u1eef li\u1ec7u kinh t\u1ebf v\u00e0 di\u1ec5n bi\u1ebfn th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh cho \u0111\u1ebfn gi\u00e2y ph\u00fat cu\u1ed1i c\u00f9ng tr\u01b0\u1edbc khi \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh cu\u1ed1i c\u00f9ng. Tuy nhi\u00ean, s\u1ef1 y\u1ebfu k\u00e9m c\u1ee7a \u0111\u1ed3ng y\u00ean \u0111ang tr\u1edf th\u00e0nh y\u1ebfu t\u1ed1 c\u1ed1t l\u00f5i \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn l\u1ed9 tr\u00ecnh t\u0103ng l\u00e3i su\u1ea5t trong t\u01b0\u01a1ng lai. C\u00e1c quan ch\u1ee9c tin r\u1eb1ng s\u1ef1 m\u1ea5t gi\u00e1 c\u1ee7a \u0111\u1ed3ng y\u00ean \u0111ang th\u00fac \u0111\u1ea9y l\u1ea1m ph\u00e1t khi c\u00e1c c\u00f4ng ty ng\u00e0y c\u00e0ng chuy\u1ec3n chi ph\u00ed nh\u1eadp kh\u1ea9u cao h\u01a1n sang ng\u01b0\u1eddi ti\u00eau d\u00f9ng.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20260116_151950\"<\/p>\n

T\u00e1c \u0111\u1ed9ng n\u00e0y khi\u1ebfn m\u1ed9t s\u1ed1 quan ch\u1ee9c cho r\u1eb1ng c\u1ea7n ph\u1ea3i b\u1eaft \u0111\u1ea7u \u0111\u1ee3t t\u0103ng l\u00e3i su\u1ea5t ti\u1ebfp theo tr\u01b0\u1edbc, thay v\u00ec theo nh\u1ecbp \u0111\u1ed9 \"s\u00e1u th\u00e1ng t\u0103ng l\u00e3i su\u1ea5t m\u1ed9t l\u1ea7n\" m\u00e0 c\u00e1c nh\u00e0 kinh t\u1ebf t\u01b0 nh\u00e2n th\u01b0\u1eddng mong \u0111\u1ee3i. Tr\u00ean th\u1ef1c t\u1ebf, t\u1ef7 gi\u00e1 \u0111\u1ed3ng Y\u00ean \u0111\u00e3 r\u01a1i v\u00e0o ph\u1ea1m vi y\u1ebfu d\u00e0i h\u1ea1n. K\u1ec3 t\u1eeb khi vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n v\u00e0o th\u00e1ng 12 n\u0103m ngo\u00e1i, \u0111\u1ed3ng y\u00ean \u0111\u00e3 kh\u00f4ng t\u0103ng gi\u00e1 so v\u1edbi \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9. Thay v\u00e0o \u0111\u00f3, n\u00f3 l\u1ea1i gi\u1ea3m xu\u1ed1ng m\u1ee9c th\u1ea5p nh\u1ea5t trong 18 th\u00e1ng do c\u00f3 th\u00f4ng tin Th\u1ee7 t\u01b0\u1edbng Sanae Takaichi d\u1ef1 \u0111\u1ecbnh t\u1ed5 ch\u1ee9c b\u1ea7u c\u1eed s\u1edbm. Ngay c\u1ea3 v\u1edbi nh\u1eefng c\u1ea3nh b\u00e1o li\u00ean t\u1ee5c t\u1eeb c\u00e1c c\u01a1 quan ti\u1ec1n t\u1ec7, t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i y\u00ean-\u0111\u00f4 la v\u1eabn dao \u0111\u1ed9ng trong kho\u1ea3ng t\u1eeb 140 \u0111\u1ebfn 161,95, ch\u00eanh l\u1ec7ch m\u1ea1nh so v\u1edbi m\u1ee9c trung b\u00ecnh 10 n\u0103m l\u00e0 123,20.<\/p>\n

T\u00e1c \u0111\u1ed9ng c\u1ee7a \u0111\u1ed3ng y\u00ean suy y\u1ebfu c\u00f3 hai m\u1eb7t: m\u1ed9t m\u1eb7t, n\u00f3 \u0111\u1ea9y chi ph\u00ed nh\u1eadp kh\u1ea9u t\u0103ng cao v\u00e0 l\u00e0m t\u0103ng th\u00eam \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t trong n\u01b0\u1edbc; m\u1eb7t kh\u00e1c, n\u00f3 l\u00e0m t\u0103ng l\u1ee3i nhu\u1eadn c\u1ee7a c\u00e1c nh\u00e0 xu\u1ea5t kh\u1ea9u. Nh\u01b0ng hi\u1ec7n t\u1ea1i, hi\u1ec7u \u1ee9ng lan truy\u1ec1n l\u1ea1m ph\u00e1t r\u00f5 r\u00e0ng \u0111ang \u0111\u01b0\u1ee3c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng quan t\u00e2m nhi\u1ec1u h\u01a1n. Yoshinobu Tsutsui, ng\u01b0\u1eddi \u0111\u1ee9ng \u0111\u1ea7u nh\u00f3m v\u1eadn \u0111\u1ed9ng h\u00e0nh lang kinh doanh l\u1edbn nh\u1ea5t Nh\u1eadt B\u1ea3n Keidanren, \u0111\u00e3 \u0111\u01b0a ra tuy\u00ean b\u1ed1 hi\u1ebfm hoi, k\u00eau g\u1ecdi ch\u00ednh ph\u1ee7 ng\u0103n ch\u1eb7n s\u1ef1 m\u1ea5t gi\u00e1 qu\u00e1 m\u1ee9c c\u1ee7a \u0111\u1ed3ng y\u00ean th\u00f4ng qua can thi\u1ec7p t\u1ef7 gi\u00e1, \u0111\u1ed3ng th\u1eddi n\u00f3i th\u1eb3ng r\u1eb1ng s\u1ef1 suy y\u1ebfu g\u1ea7n \u0111\u00e2y c\u1ee7a t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i l\u00e0 \"h\u01a1i qu\u00e1 \u0111\u00e1ng\".<\/p>\n

<\/a>T\u0103ng l\u00e3i su\u1ea5t v\u00e0o m\u00f9a h\u00e8 tr\u1edf th\u00e0nh nh\u1eadn \u0111\u1ecbnh ch\u1ee7 \u0111\u1ea1o<\/strong><\/p>\n

C\u00e1c nh\u00e0 kinh t\u1ebf v\u00e0 th\u1ec3 ch\u1ebf th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 h\u00ecnh th\u00e0nh nh\u1eefng k\u1ef3 v\u1ecdng t\u01b0\u01a1ng \u0111\u1ed1i r\u00f5 r\u00e0ng v\u1ec1 th\u1eddi gian t\u1edbi Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n s\u1ebd t\u0103ng l\u00e3i su\u1ea5t. M\u1ed9t cu\u1ed9c th\u0103m d\u00f2 h\u00e0ng th\u00e1ng c\u1ee7a Reuters cho th\u1ea5y 65 trong s\u1ed1 67 nh\u00e0 kinh t\u1ebf tin r\u1eb1ng Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n s\u1ebd gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t trong hai cu\u1ed9c h\u1ecdp v\u00e0o th\u00e1ng 1 v\u00e0 th\u00e1ng 3. H\u1ea7u h\u1ebft nh\u1eefng ng\u01b0\u1eddi \u0111\u01b0\u1ee3c h\u1ecfi \u0111\u1ec1u coi m\u00f9a h\u00e8 l\u00e0 th\u1eddi \u0111i\u1ec3m quan tr\u1ecdng \u0111\u1ec3 t\u0103ng l\u00e3i su\u1ea5t. Trong s\u1ed1 37 nh\u00e0 kinh t\u1ebf \u0111\u00e3 ch\u1ec9 \u0111\u1ecbnh th\u00e1ng c\u1ee5 th\u1ec3 \u0111\u1ec3 t\u0103ng l\u00e3i su\u1ea5t, 43% th\u00edch th\u00e1ng 7 v\u00e0 27% tin v\u00e0o th\u00e1ng 6. C\u00f9ng nhau, ch\u00fang t\u1ea1o th\u00e0nh ph\u00e1n \u0111o\u00e1n ch\u1ee7 \u0111\u1ea1o v\u1ec1 \u201cc\u00e1c \u0111\u1ee3t t\u0103ng l\u00e3i su\u1ea5t v\u00e0o m\u00f9a h\u00e8\u201d.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20260116_152839\"<\/p>\n

<\/a>
\nC\u00e1c nh\u00e0 kinh t\u1ebf t\u1ea1i Mizuho Securities v\u00e0 Sumitomo Mitsui Trust Bank cho r\u1eb1ng ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng c\u1ea7n th\u1eddi gian \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 t\u00e1c \u0111\u1ed9ng c\u1ee7a vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t, \u0111i\u1ec1u n\u00e0y ch\u1ec9 ra th\u1eddi \u0111i\u1ec3m t\u0103ng l\u00e3i su\u1ea5t v\u00e0o m\u00f9a h\u00e8, trong \u0111\u00f3 cu\u1ed9c h\u1ecdp th\u00e1ng 7 c\u00f3 th\u1ec3 k\u1ebft h\u1ee3p v\u1edbi \"B\u00e1o c\u00e1o tri\u1ec3n v\u1ecdng\" \u0111\u1ec3 t\u1ea1o \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i. K\u1ef3 v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u1ec1 vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t \u0111\u00e3 \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh t\u0103ng l\u00ean, v\u1edbi h\u01a1n 75% s\u1ed1 ng\u01b0\u1eddi \u0111\u01b0\u1ee3c h\u1ecfi k\u1ef3 v\u1ecdng l\u00e3i su\u1ea5t chu\u1ea9n s\u1ebd t\u0103ng l\u00ean 1% ho\u1eb7c cao h\u01a1n v\u00e0o th\u00e1ng 9 n\u0103m nay, m\u1ed9t s\u1ed1 ng\u01b0\u1eddi k\u1ef3 v\u1ecdng n\u00f3 s\u1ebd t\u0103ng l\u00ean 1,25%. D\u1ef1 b\u00e1o trung b\u00ecnh v\u1ec1 l\u00e3i su\u1ea5t v\u00e0o cu\u1ed1i n\u0103m l\u00e0 1,00% v\u00e0 24% nh\u00e0 kinh t\u1ebf k\u1ef3 v\u1ecdng n\u00f3 s\u1ebd t\u0103ng l\u00ean 1,25%. L\u00e3i su\u1ea5t cu\u1ed1i k\u1ef3 d\u1ef1 ki\u1ebfn \u200b\u200btrung b\u00ecnh \u0111\u00e3 t\u0103ng l\u00ean 1,5%, v\u01b0\u1ee3t xa m\u1ee9c 1% m\u1ed9t n\u0103m tr\u01b0\u1edbc, v\u1edbi m\u1ee9c dao \u0111\u1ed9ng t\u1eeb 1% -2%. X\u00e9t v\u1ec1 t\u1ea7n su\u1ea5t t\u0103ng l\u00e3i su\u1ea5t, 60% nh\u00e0 kinh t\u1ebf k\u1ef3 v\u1ecdng s\u1ebd t\u0103ng l\u00e3i su\u1ea5t m\u1ed9t l\u1ea7n trong n\u0103m nay v\u00e0 31% s\u1ebd suy ngh\u0129 k\u1ef9. H\u01a1n m\u1ed9t n\u1eeda s\u1ed1 ng\u01b0\u1eddi \u0111\u01b0\u1ee3c h\u1ecfi tin r\u1eb1ng t\u1ed1c \u0111\u1ed9 ki\u1ec1m ch\u1ebf l\u1ea1m ph\u00e1t c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng \"kh\u00f4ng c\u00f3 nguy c\u01a1 t\u1ee5t h\u1eadu so v\u1edbi t\u00ecnh h\u00ecnh th\u1ea5p hay cao\", n\u00eau b\u1eadt kh\u00f3 kh\u0103n trong vi\u1ec7c c\u00e2n b\u1eb1ng ch\u00ednh s\u00e1ch.<\/p>\n

Quy\u1ebft \u0111\u1ecbnh ch\u00ednh s\u00e1ch d\u01b0\u1edbi s\u1ef1 giao thoa c\u1ee7a nhi\u1ec1u y\u1ebfu t\u1ed1<\/strong><\/p>\n

Hi\u1ec7n t\u1ea1i, Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n \u0111ang \u1edf ng\u00e3 r\u1ebd trong c\u00e1c quy\u1ebft \u0111\u1ecbnh ch\u00ednh s\u00e1ch. M\u1ed9t m\u1eb7t, \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t do \u0111\u1ed3ng y\u00ean y\u1ebfu g\u00e2y ra ti\u1ebfp t\u1ee5c n\u00f3ng l\u00ean, xu h\u01b0\u1edbng chuy\u1ec3n chi ph\u00ed doanh nghi\u1ec7p r\u00f5 r\u00e0ng, ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng c\u00f3 l\u00fd do th\u1ef1c t\u1ebf \u0111\u1ec3 t\u0103ng l\u00e3i su\u1ea5t tr\u01b0\u1edbc; m\u1eb7t kh\u00e1c, l\u00e3i su\u1ea5t chu\u1ea9n \u0111\u00e3 \u1edf m\u1ee9c cao l\u1ecbch s\u1eed v\u00e0 c\u1ea7n c\u00f3 th\u1eddi gian \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 t\u00e1c \u0111\u1ed9ng ch\u00ednh s\u00e1ch c\u1ee7a vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t tr\u01b0\u1edbc \u0111\u00f3, \u0111\u1ed3ng th\u1eddi nh\u1eefng bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng do cu\u1ed9c b\u1ea7u c\u1eed th\u1ee7 t\u01b0\u1edbng g\u00e2y ra c\u0169ng c\u1ea7n \u0111\u01b0\u1ee3c x\u1eed l\u00fd m\u1ed9t c\u00e1ch th\u1eadn tr\u1ecdng. \u0110\u00e1nh gi\u00e1 t\u1eeb c\u00e1c t\u00edn hi\u1ec7u t\u1eeb t\u1ea5t c\u1ea3 c\u00e1c b\u00ean, Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Nh\u1eadt B\u1ea3n s\u1ebd duy tr\u00ec s\u1ef1 \u1ed5n \u0111\u1ecbnh ch\u00ednh s\u00e1ch trong th\u1eddi gian ng\u1eafn v\u00e0 c\u00f3 th\u1ec3 \u0111o\u00e1n tr\u01b0\u1edbc r\u1eb1ng cu\u1ed9c h\u1ecdp v\u00e0o th\u00e1ng 1 s\u1ebd kh\u00f4ng thay \u0111\u1ed5i. Nh\u01b0ng khi m\u00f9a h\u00e8 \u0111\u1ebfn g\u1ea7n, s\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa xu h\u01b0\u1edbng c\u1ee7a \u0111\u1ed3ng y\u00ean, d\u1eef li\u1ec7u l\u1ea1m ph\u00e1t v\u00e0 ti\u1ebfn tr\u00ecnh ph\u1ee5c h\u1ed3i kinh t\u1ebf cu\u1ed1i c\u00f9ng s\u1ebd quy\u1ebft \u0111\u1ecbnh th\u1eddi \u0111i\u1ec3m c\u1ee5 th\u1ec3 c\u1ee7a \u0111\u1ee3t t\u0103ng l\u00e3i su\u1ea5t ti\u1ebfp theo. Trong b\u1ed1i c\u1ea3nh c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng l\u1edbn tr\u00ean th\u1ebf gi\u1edbi chuy\u1ec3n sang c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t, t\u1ed1c \u0111\u1ed9 t\u0103ng l\u00e3i su\u1ea5t c\u1ee7a Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n kh\u00f4ng ch\u1ec9 li\u00ean quan \u0111\u1ebfn c\u00e2n b\u1eb1ng gi\u00e1 v\u00e0 t\u0103ng tr\u01b0\u1edfng c\u1ee7a \u0111\u1ea5t n\u01b0\u1edbc m\u00e0 c\u00f2n t\u00e1c \u0111\u1ed9ng s\u00e2u s\u1eafc \u0111\u1ebfn d\u00f2ng v\u1ed1n to\u00e0n c\u1ea7u v\u00e0 m\u00f4 h\u00ecnh t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i.<\/p>","protected":false},"excerpt":{"rendered":"

L\u00e3i su\u1ea5t chu\u1ea9n c\u1ee7a Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n \u0111\u00e3 t\u0103ng l\u00ean m\u1ee9c cao nh\u1ea5t trong 30 n\u0103m l\u00e0 0,75%. Cu\u1ed9c h\u1ecdp th\u00e1ng 1 d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd kh\u00f4ng thay \u0111\u1ed5i, nh\u01b0ng s\u1ef1 y\u1ebfu k\u00e9m c\u1ee7a \u0111\u1ed3ng y\u00ean \u0111\u00e3 tr\u1edf th\u00e0nh m\u1ed9t bi\u1ebfn s\u1ed1 quan tr\u1ecdng. K\u1ebf ho\u1ea1ch b\u1ea7u c\u1eed s\u1edbm c\u1ee7a Sanae \u0111\u00e3 g\u00e2y ra bi\u1ebfn \u0111\u1ed9ng tr\u00ean th\u1ecb tr\u01b0\u1eddng cao v\u00e0 \u0111\u1ed3ng y\u00ean gi\u1ea3m xu\u1ed1ng m\u1ee9c th\u1ea5p nh\u1ea5t trong 18 th\u00e1ng. Hi\u1ec7u \u1ee9ng lan truy\u1ec1n l\u1ea1m ph\u00e1t ng\u00e0y c\u00e0ng m\u1ea1nh v\u00e0 m\u1ed9t s\u1ed1 quan ch\u1ee9c ch\u1ee7 tr\u01b0\u01a1ng t\u0103ng l\u00e3i su\u1ea5t tr\u01b0\u1edbc th\u1eddi h\u1ea1n v\u00e0o m\u00f9a h\u00e8. Th\u1ecb tr\u01b0\u1eddng d\u1ef1 \u0111o\u00e1n l\u00e3i su\u1ea5t c\u00f3 th\u1ec3 t\u0103ng l\u00ean 1% trong th\u00e1ng 9 v\u00e0 l\u00e3i su\u1ea5t cu\u1ed1i k\u1ef3 d\u1ef1 ki\u1ebfn \u200b\u200bl\u00e0 1,5%. Ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng c\u1ea7n c\u00e2n b\u1eb1ng vi\u1ec7c \u0111\u00e1nh gi\u00e1 t\u00e1c \u0111\u1ed9ng c\u1ee7a ch\u00ednh s\u00e1ch v\u1edbi vi\u1ec7c \u1ee9ng ph\u00f3 v\u1edbi nh\u1eefng bi\u1ebfn \u0111\u1ed9ng ch\u00ednh tr\u1ecb.<\/p>","protected":false},"author":1,"featured_media":8478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[121],"tags":[503,504,287],"class_list":["post-8477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-503","tag-504","tag-287"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/comments?post=8477"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8477\/revisions"}],"predecessor-version":[{"id":8486,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8477\/revisions\/8486"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/8478"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=8477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=8477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=8477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}