{"id":55346,"date":"2025-06-16T07:30:48","date_gmt":"2025-06-15T23:30:48","guid":{"rendered":"http:\/\/test.swqi.tw\/?p=55346"},"modified":"2025-12-03T03:42:49","modified_gmt":"2025-12-02T19:42:49","slug":"forex-central-banks-guide","status":"publish","type":"post","link":"https:\/\/mister.forex\/vi\/forex-central-banks-guide\/","title":{"rendered":"Nh\u1eadp m\u00f4n ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ngo\u1ea1i h\u1ed1i:&nbsp;T\u00e2n th\u1ee7 ph\u1ea3i hi\u1ec3u t\u00e1c \u0111\u1ed9ng c\u1ee7a Fed, ECB, BOJ, BOE"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"55346\" class=\"elementor elementor-55346\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7fb2917 e-flex e-con-boxed e-con e-parent\" data-id=\"7fb2917\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a0e7168 elementor-widget elementor-widget-html translation-block\" data-id=\"a0e7168\" data-element_type=\"widget\" data-widget_type=\"html.default\"><div style=\"16px\"><span>\n<h2><strong>\u201cNg\u01b0\u1eddi l\u00e1i \u0111\u00f2\u201d c\u1ee7a th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i:&nbsp;T\u00ecm hi\u1ec3u c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ch\u00ednh v\u00e0 \u1ea3nh h\u01b0\u1edfng c\u1ee7a ch\u00fang (Fed, ECB, BOJ, BOE)<\/strong>&nbsp;<\/h2>\n\nB\u1ea1n c\u00f3 th\u1ec3 th\u01b0\u1eddng xuy\u00ean nghe th\u1ea5y c\u00e1c b\u1ea3n tin t\u00e0i ch\u00ednh nh\u01b0 \u201cFed t\u0103ng l\u00e3i su\u1ea5t\u201d, \u201cECB gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t\u201d, v\u00e0 nh\u1eadn th\u1ea5y ngay khi nh\u1eefng tin t\u1ee9c n\u00e0y \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1, th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i l\u1eadp t\u1ee9c bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh.<br>\nNh\u00e2n v\u1eadt ch\u00ednh \u0111\u1ee9ng sau nh\u1eefng bi\u1ebfn \u0111\u1ed9ng n\u00e0y ch\u00ednh l\u00e0 c\u00e1c \u201cng\u00e2n h\u00e0ng trung \u01b0\u01a1ng\u201d c\u1ee7a c\u00e1c qu\u1ed1c gia.<br>\nCh\u00fang gi\u1ed1ng nh\u01b0 \u201cb\u1ed9 n\u00e3o\u201d v\u00e0 \u201ctr\u00e1i tim\u201d c\u1ee7a ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 qu\u1ed1c gia ho\u1eb7c khu v\u1ef1c, ch\u1ecbu tr\u00e1ch nhi\u1ec7m qu\u1ea3n l\u00fd cung ti\u1ec1n, \u0111i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t v\u00e0 duy tr\u00ec s\u1ef1 \u1ed5n \u0111\u1ecbnh t\u00e0i ch\u00ednh.<br><br>\nC\u00f3 th\u1ec3 n\u00f3i, ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng l\u00e0 nh\u1eefng ng\u01b0\u1eddi tham gia c\u00f3 \u1ea3nh h\u01b0\u1edfng l\u1edbn nh\u1ea5t tr\u00ean th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i, m\u1ed7i quy\u1ebft \u0111\u1ecbnh c\u1ee7a h\u1ecd, th\u1eadm ch\u00ed t\u1eebng l\u1eddi n\u00f3i, \u0111\u1ec1u c\u00f3 th\u1ec3 thay \u0111\u1ed5i k\u1ef3 v\u1ecdng th\u1ecb tr\u01b0\u1eddng, g\u00e2y ra bi\u1ebfn \u0111\u1ed9ng l\u1edbn v\u1ec1 t\u1ef7 gi\u00e1 ho\u1eb7c th\u1eadm ch\u00ed thay \u0111\u1ed5i xu h\u01b0\u1edbng d\u00e0i h\u1ea1n.<br>\nDo \u0111\u00f3, hi\u1ec3u vai tr\u00f2 c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ch\u00ednh, c\u00e1c c\u00f4ng c\u1ee5 h\u1ecd s\u1eed d\u1ee5ng (\u0111\u1eb7c bi\u1ec7t l\u00e0 l\u00e3i su\u1ea5t), v\u00e0 l\u00fd do t\u1ea1i sao c\u1ea7n theo d\u00f5i s\u00e1t sao di\u1ec5n bi\u1ebfn c\u1ee7a h\u1ecd l\u00e0 \u0111i\u1ec1u r\u1ea5t quan tr\u1ecdng \u0111\u1ec3 hi\u1ec3u th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i.<br>\nB\u00e0i vi\u1ebft n\u00e0y s\u1ebd gi\u1edbi thi\u1ec7u c\u01a1 b\u1ea3n v\u1ec1 nhi\u1ec7m v\u1ee5 c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u00e0 t\u1eadp trung v\u00e0o b\u1ed1n ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng c\u00f3 \u1ea3nh h\u01b0\u1edfng l\u1edbn nh\u1ea5t \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i to\u00e0n c\u1ea7u.<br><br>\n\n<h3><strong>1. Nhi\u1ec7m v\u1ee5 ch\u00ednh c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng l\u00e0 g\u00ec?<\/strong>&nbsp;<\/h3>\nM\u1eb7c d\u00f9 nhi\u1ec7m v\u1ee5 c\u1ee5 th\u1ec3 c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng c\u00f3 th\u1ec3 kh\u00e1c nhau \u0111\u00f4i ch\u00fat gi\u1eefa c\u00e1c qu\u1ed1c gia, nh\u01b0ng m\u1ee5c ti\u00eau c\u1ed1t l\u00f5i th\u01b0\u1eddng bao g\u1ed3m:&nbsp;<br><br>\n<ul>\n <li><strong>Duy tr\u00ec \u1ed5n \u0111\u1ecbnh gi\u00e1 c\u1ea3 (Price Stability):<\/strong>&nbsp;\u0110\u00e2y l\u00e0 nhi\u1ec7m v\u1ee5 h\u00e0ng \u0111\u1ea7u c\u1ee7a h\u1ea7u h\u1ebft c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng. H\u1ecd c\u1ea7n ki\u1ec3m so\u00e1t \u201cl\u1ea1m ph\u00e1t\u201d (t\u1ed1c \u0111\u1ed9 t\u0103ng gi\u00e1 c\u1ea3), c\u1ed1 g\u1eafng gi\u1eef n\u00f3 \u1edf m\u1ee9c th\u1ea5p v\u00e0 \u1ed5n \u0111\u1ecbnh (nhi\u1ec1u qu\u1ed1c gia ph\u00e1t tri\u1ec3n \u0111\u1eb7t m\u1ee5c ti\u00eau l\u1ea1m ph\u00e1t h\u00e0ng n\u0103m kho\u1ea3ng 2%).<\/li>\n <li><strong>Th\u00fac \u0111\u1ea9y vi\u1ec7c l\u00e0m \u0111\u1ea7y \u0111\u1ee7 (Full Employment):<\/strong>&nbsp;\u0110\u1eb7c bi\u1ec7t nh\u01b0 Fed c\u1ee7a M\u1ef9, c\u00f2n c\u00f3 m\u1ee5c ti\u00eau th\u00fac \u0111\u1ea9y t\u1ed1i \u0111a vi\u1ec7c l\u00e0m, t\u1ee9c l\u00e0 h\u1ed7 tr\u1ee3 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf v\u00e0 t\u1ea1o th\u00eam nhi\u1ec1u c\u01a1 h\u1ed9i vi\u1ec7c l\u00e0m.<\/li>\n <li><strong>Duy tr\u00ec s\u1ef1 \u1ed5n \u0111\u1ecbnh c\u1ee7a h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh (Financial Stability):<\/strong>&nbsp;\u0110\u1ea3m b\u1ea3o h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng ho\u1ea1t \u0111\u1ed9ng l\u00e0nh m\u1ea1nh, ph\u00f2ng ng\u1eeba r\u1ee7i ro t\u00e0i ch\u00ednh h\u1ec7 th\u1ed1ng.<\/li>\n<\/ul>\n<br>\n\u0110\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c c\u00e1c m\u1ee5c ti\u00eau n\u00e0y, c\u00f4ng c\u1ee5 ch\u00ednh c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng l\u00e0 s\u1eed d\u1ee5ng <strong>\u201cch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7\u201d (Monetary Policy)<\/strong>.<br><br>\n\n<h3><strong>2. C\u00f4ng c\u1ee5 quan tr\u1ecdng nh\u1ea5t:&nbsp;L\u00e3i su\u1ea5t (Interest Rates)<\/strong>&nbsp;<\/h3>\nNg\u00e2n h\u00e0ng trung \u01b0\u01a1ng c\u00f3 nhi\u1ec1u c\u00f4ng c\u1ee5 \u0111\u1ec3 th\u1ef1c thi ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7, nh\u01b0ng c\u00f4ng c\u1ee5 c\u1ed1t l\u00f5i v\u00e0 \u1ea3nh h\u01b0\u1edfng r\u1ed9ng nh\u1ea5t l\u00e0 \u0111i\u1ec1u ch\u1ec9nh \u201cl\u00e3i su\u1ea5t c\u01a1 b\u1ea3n\u201d.<br><br>\n<strong>L\u00e3i su\u1ea5t c\u01a1 b\u1ea3n l\u00e0 g\u00ec?<\/strong>&nbsp;<br>\nHi\u1ec3u \u0111\u01a1n gi\u1ea3n, \u0111\u00e2y l\u00e0 m\u1ee9c l\u00e3i su\u1ea5t do ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng thi\u1ebft l\u1eadp, \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn chi ph\u00ed vay ti\u1ec1n c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng th\u01b0\u01a1ng m\u1ea1i t\u1eeb ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ho\u1eb7c l\u00e3i su\u1ea5t vay m\u01b0\u1ee3n gi\u1eefa c\u00e1c ng\u00e2n h\u00e0ng v\u1edbi nhau.<br>\nS\u1ef1 thay \u0111\u1ed5i c\u1ee7a l\u00e3i su\u1ea5t c\u01a1 b\u1ea3n s\u1ebd lan t\u1ecfa nh\u01b0 nh\u1eefng g\u1ee3n s\u00f3ng n\u01b0\u1edbc, cu\u1ed1i c\u00f9ng \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn c\u00e1c lo\u1ea1i l\u00e3i su\u1ea5t trong to\u00e0n b\u1ed9 n\u1ec1n kinh t\u1ebf, v\u00ed d\u1ee5 nh\u01b0 l\u00e3i su\u1ea5t ti\u1ebft ki\u1ec7m, l\u00e3i su\u1ea5t cho vay.<br><br>\n<strong>L\u00e3i su\u1ea5t \u1ea3nh h\u01b0\u1edfng th\u1ebf n\u00e0o \u0111\u1ebfn kinh t\u1ebf v\u00e0 t\u1ef7 gi\u00e1?<\/strong>&nbsp;<br>\n<ul>\n <li><strong>T\u0103ng l\u00e3i su\u1ea5t (t\u0103ng l\u00e3i):<\/strong>&nbsp;<br>\n <strong>\u0110\u1ed1i v\u1edbi kinh t\u1ebf:<\/strong>&nbsp;Chi ph\u00ed vay t\u0103ng cao, c\u00f3 th\u1ec3 k\u00ecm h\u00e3m \u0111\u1ea7u t\u01b0 c\u1ee7a doanh nghi\u1ec7p v\u00e0 ti\u00eau d\u00f9ng c\u00e1 nh\u00e2n, gi\u00fap l\u00e0m ngu\u1ed9i n\u1ec1n kinh t\u1ebf \u0111ang qu\u00e1 n\u00f3ng, ki\u1ec1m ch\u1ebf l\u1ea1m ph\u00e1t cao.<br>\n <strong>\u0110\u1ed1i v\u1edbi t\u1ef7 gi\u00e1:<\/strong>&nbsp;Th\u00f4ng th\u01b0\u1eddng, l\u00e3i su\u1ea5t cao h\u01a1n s\u1ebd thu h\u00fat d\u00f2ng v\u1ed1n qu\u1ed1c t\u1ebf t\u00ecm ki\u1ebfm l\u1ee3i su\u1ea5t cao h\u01a1n (v\u00ed d\u1ee5 g\u1eedi ti\u1ec1n \u1edf qu\u1ed1c gia \u0111\u00f3 \u0111\u01b0\u1ee3c h\u01b0\u1edfng l\u00e3i su\u1ea5t cao h\u01a1n), l\u00e0m t\u0103ng nhu c\u1ea7u \u0111\u1ed1i v\u1edbi \u0111\u1ed3ng ti\u1ec1n qu\u1ed1c gia \u0111\u00f3, c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn \u0111\u1ed3ng ti\u1ec1n t\u0103ng gi\u00e1 (m\u1ea1nh l\u00ean).<\/li>\n <li><strong>Gi\u1ea3m l\u00e3i su\u1ea5t (gi\u1ea3m l\u00e3i):<\/strong>&nbsp;<br>\n <strong>\u0110\u1ed1i v\u1edbi kinh t\u1ebf:<\/strong>&nbsp;Chi ph\u00ed vay gi\u1ea3m, c\u00f3 th\u1ec3 k\u00edch th\u00edch \u0111\u1ea7u t\u01b0 doanh nghi\u1ec7p v\u00e0 ti\u00eau d\u00f9ng c\u00e1 nh\u00e2n, gi\u00fap th\u00fac \u0111\u1ea9y n\u1ec1n kinh t\u1ebf y\u1ebfu k\u00e9m.<br>\n <strong>\u0110\u1ed1i v\u1edbi t\u1ef7 gi\u00e1:<\/strong>&nbsp;Th\u00f4ng th\u01b0\u1eddng, l\u00e3i su\u1ea5t th\u1ea5p h\u01a1n s\u1ebd l\u00e0m gi\u1ea3m s\u1ee9c h\u1ea5p d\u1eabn c\u1ee7a \u0111\u1ed3ng ti\u1ec1n \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf, c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn d\u00f2ng v\u1ed1n ch\u1ea3y ra, l\u00e0m \u0111\u1ed3ng ti\u1ec1n gi\u1ea3m gi\u00e1 (y\u1ebfu \u0111i).<\/li>\n<\/ul>\n<br>\n<strong>C\u00e1c c\u00f4ng c\u1ee5 kh\u00e1c (hi\u1ec3u kh\u00e1i ni\u1ec7m):<\/strong>&nbsp;<br>\nNgo\u00e0i l\u00e3i su\u1ea5t, ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng \u0111\u00f4i khi c\u0169ng s\u1eed d\u1ee5ng \u201cn\u1edbi l\u1ecfng \u0111\u1ecbnh l\u01b0\u1ee3ng\u201d (Quantitative Easing, QE) \u2014 t\u1ee9c l\u00e0 in ti\u1ec1n mua t\u00e0i s\u1ea3n (nh\u01b0 tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7) \u0111\u1ec3 b\u01a1m thanh kho\u1ea3n v\u00e0o th\u1ecb tr\u01b0\u1eddng, ho\u1eb7c th\u1ef1c hi\u1ec7n \u201cth\u1eaft ch\u1eb7t \u0111\u1ecbnh l\u01b0\u1ee3ng\u201d (Quantitative Tightening, QT) \u0111\u1ec3 thu h\u1ed3i thanh kho\u1ea3n, \u0111\u1eb7c bi\u1ec7t khi l\u00e3i su\u1ea5t \u0111\u00e3 r\u1ea5t th\u1ea5p.<br><br>\n\n<h3><strong>3. T\u00ecm hi\u1ec3u b\u1ed1n ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng l\u1edbn v\u00e0 \u0111\u1ed3ng ti\u1ec1n c\u1ee7a h\u1ecd<\/strong>&nbsp;<\/h3>\n\u0110\u1ed1i v\u1edbi nh\u00e0 giao d\u1ecbch ngo\u1ea1i h\u1ed1i, c\u1ea7n theo d\u00f5i s\u00e1t sao di\u1ec5n bi\u1ebfn c\u1ee7a b\u1ed1n ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng sau \u0111\u00e2y, v\u00ec \u0111\u1ed3ng ti\u1ec1n c\u1ee7a h\u1ecd (USD, EUR, JPY, GBP) chi\u1ebfm ph\u1ea7n l\u1edbn giao d\u1ecbch tr\u00ean th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i:&nbsp;<br><br>\n<ul>\n <li><strong>H\u1ec7 th\u1ed1ng D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Federal Reserve System, g\u1ecdi t\u1eaft l\u00e0 Fed) - \u0110\u00f4 la M\u1ef9 (USD):<\/strong>&nbsp;<br>Ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng c\u1ee7a M\u1ef9. Do v\u1ecb th\u1ebf trung t\u00e2m c\u1ee7a USD trong th\u01b0\u01a1ng m\u1ea1i v\u00e0 t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u, ch\u00ednh s\u00e1ch c\u1ee7a Fed c\u00f3 \u1ea3nh h\u01b0\u1edfng l\u1edbn nh\u1ea5t \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u. C\u01a1 quan ch\u1ecbu tr\u00e1ch nhi\u1ec7m quy\u1ebft \u0111\u1ecbnh l\u00e3i su\u1ea5t l\u00e0 \u201c\u1ee6y ban Th\u1ecb tr\u01b0\u1eddng M\u1edf Li\u00ean bang\u201d (FOMC).<\/li>\n <li><strong>Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Ch\u00e2u \u00c2u (European Central Bank, ECB) - Euro (EUR):<\/strong>&nbsp;<br>Ch\u1ecbu tr\u00e1ch nhi\u1ec7m ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 cho khu v\u1ef1c Eurozone (c\u00e1c qu\u1ed1c gia s\u1eed d\u1ee5ng \u0111\u1ed3ng Euro). Quy\u1ebft \u0111\u1ecbnh c\u1ee7a ECB \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn to\u00e0n b\u1ed9 n\u1ec1n kinh t\u1ebf Eurozone v\u00e0 t\u1ef7 gi\u00e1 \u0111\u1ed3ng Euro.<\/li>\n <li><strong>Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n (Bank of Japan, BOJ) - Y\u00ean Nh\u1eadt (JPY):<\/strong>&nbsp;<br>Ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng Nh\u1eadt B\u1ea3n. N\u1ed5i ti\u1ebfng v\u1edbi ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t si\u00eau th\u1ea5p ho\u1eb7c \u00e2m trong th\u1eddi gian d\u00e0i, c\u00f9ng c\u00e1c ch\u01b0\u01a1ng tr\u00ecnh mua t\u00e0i s\u1ea3n quy m\u00f4 l\u1edbn. Y\u00ean Nh\u1eadt th\u01b0\u1eddng \u0111\u01b0\u1ee3c xem l\u00e0 \u0111\u1ed3ng ti\u1ec1n tr\u00fa \u1ea9n an to\u00e0n.<\/li>\n <li><strong>Ng\u00e2n h\u00e0ng Anh (Bank of England, BOE) - B\u1ea3ng Anh (GBP):<\/strong>&nbsp;<br>Ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng V\u01b0\u01a1ng qu\u1ed1c Anh. Ch\u00ednh s\u00e1ch c\u1ee7a BOE ch\u1ee7 y\u1ebfu \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn n\u1ec1n kinh t\u1ebf Anh v\u00e0 t\u1ef7 gi\u00e1 b\u1ea3ng Anh.<\/li>\n<\/ul>\n<br>\n\n<h3><strong>4. T\u1ea1i sao ph\u1ea3i theo d\u00f5i s\u00e1t sao ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng?<\/strong>&nbsp;<\/h3>\nC\u00e1c nh\u00e0 giao d\u1ecbch quan t\u00e2m \u0111\u1ebfn ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u00ec h\u00e0nh \u0111\u1ed9ng v\u00e0 ph\u00e1t ng\u00f4n c\u1ee7a h\u1ecd th\u01b0\u1eddng b\u00e1o hi\u1ec7u xu h\u01b0\u1edbng l\u00e3i su\u1ea5t t\u01b0\u01a1ng lai, t\u1eeb \u0111\u00f3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn t\u1ef7 gi\u00e1:&nbsp;<br><br>\n<ul>\n <li><strong>C\u00f4ng b\u1ed1 quy\u1ebft \u0111\u1ecbnh l\u00e3i su\u1ea5t:<\/strong>&nbsp;Ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng th\u01b0\u1eddng t\u1ed5 ch\u1ee9c c\u00e1c cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch \u0111\u1ecbnh k\u1ef3, sau \u0111\u00f3 c\u00f4ng b\u1ed1 c\u00f3 \u0111i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t c\u01a1 b\u1ea3n hay kh\u00f4ng. \u0110\u00e2y l\u00e0 t\u00e2m \u0111i\u1ec3m ch\u00fa \u00fd c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/li>\n <li><strong>Tuy\u00ean b\u1ed1 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7:<\/strong>&nbsp;B\u1ea3n tuy\u00ean b\u1ed1 \u0111i k\u00e8m quy\u1ebft \u0111\u1ecbnh l\u00e3i su\u1ea5t gi\u1ea3i th\u00edch l\u00fd do quy\u1ebft \u0111\u1ecbnh v\u00e0 ti\u1ebft l\u1ed9 quan \u0111i\u1ec3m c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u1ec1 kinh t\u1ebf hi\u1ec7n t\u1ea1i v\u00e0 l\u1ea1m ph\u00e1t t\u01b0\u01a1ng lai.<\/li>\n <li><strong>H\u1ecdp b\u00e1o v\u00e0 ph\u00e1t bi\u1ec3u c\u1ee7a quan ch\u1ee9c:<\/strong>&nbsp;Cu\u1ed9c h\u1ecdp b\u00e1o c\u1ee7a ch\u1ee7 t\u1ecbch ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng sau cu\u1ed9c h\u1ecdp, c\u00f9ng c\u00e1c ph\u00e1t bi\u1ec3u c\u00f4ng khai c\u1ee7a c\u00e1c quan ch\u1ee9c kh\u00e1c, \u0111\u01b0\u1ee3c th\u1ecb tr\u01b0\u1eddng ph\u00e2n t\u00edch k\u1ef9 l\u01b0\u1ee1ng \u0111\u1ec3 t\u00ecm manh m\u1ed1i v\u1ec1 h\u01b0\u1edbng \u0111i ch\u00ednh s\u00e1ch trong t\u01b0\u01a1ng lai. Nh\u1eefng g\u1ee3i \u00fd v\u1ec1 ch\u00ednh s\u00e1ch t\u01b0\u01a1ng lai n\u00e0y g\u1ecdi l\u00e0 \u201ch\u01b0\u1edbng d\u1eabn tr\u01b0\u1edbc\u201d (Forward Guidance).<\/li>\n <li><strong>Qu\u1ea3n l\u00fd k\u1ef3 v\u1ecdng l\u00e0 then ch\u1ed1t:<\/strong>&nbsp;Nhi\u1ec1u khi, ph\u1ea3n \u1ee9ng th\u1ecb tr\u01b0\u1eddng kh\u00f4ng ch\u1ec9 d\u1ef1a tr\u00ean quy\u1ebft \u0111\u1ecbnh m\u00e0 c\u00f2n d\u1ef1a tr\u00ean vi\u1ec7c quy\u1ebft \u0111\u1ecbnh \u0111\u00f3 c\u00f3 ph\u00f9 h\u1ee3p v\u1edbi k\u1ef3 v\u1ecdng chung tr\u01b0\u1edbc \u0111\u00f3 hay kh\u00f4ng. N\u1ebfu quy\u1ebft \u0111\u1ecbnh \u0111\u00fang nh\u01b0 d\u1ef1 \u0111o\u00e1n, ph\u1ea3n \u1ee9ng th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 nh\u1eb9; nh\u01b0ng n\u1ebfu c\u00f3 b\u1ea5t ng\u1edd (v\u00ed d\u1ee5 t\u0103ng ho\u1eb7c gi\u1ea3m l\u00e3i su\u1ea5t b\u1ea5t ng\u1edd, ho\u1eb7c thay \u0111\u1ed5i gi\u1ecdng \u0111i\u1ec7u ch\u00ednh s\u00e1ch v\u01b0\u1ee3t k\u1ef3 v\u1ecdng), th\u01b0\u1eddng s\u1ebd g\u00e2y ra bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh. L\u1eddi n\u00f3i v\u1ec1 ch\u00ednh s\u00e1ch t\u01b0\u01a1ng lai (h\u01b0\u1edbng d\u1eabn tr\u01b0\u1edbc) th\u1eadm ch\u00ed c\u00f2n quan tr\u1ecdng h\u01a1n h\u00e0nh \u0111\u1ed9ng hi\u1ec7n t\u1ea1i.<\/li>\n<\/ul>\n<br>\n\n<h3><strong>5. Ng\u01b0\u1eddi m\u1edbi n\u00ean \u1ee9ng ph\u00f3 th\u1ebf n\u00e0o v\u1edbi c\u00e1c s\u1ef1 ki\u1ec7n ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng?<\/strong>&nbsp;<\/h3>\n<ul>\n <li><strong>\u0110\u00e1nh d\u1ea5u L\u1ecbch Kinh T\u1ebf:<\/strong>&nbsp;Ph\u1ea3i bi\u1ebft r\u00f5 ng\u00e0y h\u1ecdp ch\u00ednh s\u00e1ch c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ch\u00ednh (\u0111\u1eb7c bi\u1ec7t l\u00e0 Fed, ECB, BOJ, BOE), th\u1eddi gian c\u00f4ng b\u1ed1 tuy\u00ean b\u1ed1 ch\u00ednh s\u00e1ch v\u00e0 h\u1ecdp b\u00e1o c\u1ee7a ch\u1ee7 t\u1ecbch.<\/li>\n <li><strong>Hi\u1ec3u k\u1ef3 v\u1ecdng chung c\u1ee7a th\u1ecb tr\u01b0\u1eddng:<\/strong>&nbsp;Tr\u01b0\u1edbc c\u00e1c s\u1ef1 ki\u1ec7n quan tr\u1ecdng, theo d\u00f5i tin t\u1ee9c t\u00e0i ch\u00ednh \u0111\u1ec3 bi\u1ebft c\u00e1c nh\u00e0 ph\u00e2n t\u00edch d\u1ef1 \u0111o\u00e1n ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng s\u1ebd quy\u1ebft \u0111\u1ecbnh ho\u1eb7c ph\u00e1t t\u00edn hi\u1ec7u nh\u01b0 th\u1ebf n\u00e0o.<\/li>\n <li><strong>C\u1ea3nh gi\u00e1c cao v\u1edbi r\u1ee7i ro bi\u1ebfn \u0111\u1ed9ng:<\/strong>&nbsp;Tr\u01b0\u1edbc v\u00e0 sau khi c\u00f4ng b\u1ed1 quy\u1ebft \u0111\u1ecbnh ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng l\u00e0 th\u1eddi \u0111i\u1ec3m bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng cao nh\u1ea5t, spread r\u1ed9ng nh\u1ea5t v\u00e0 r\u1ee7i ro tr\u01b0\u1ee3t gi\u00e1 l\u1edbn nh\u1ea5t. N\u1ebfu b\u1ea1n l\u00e0 ng\u01b0\u1eddi m\u1edbi, r\u1ea5t khuy\u1ebfn ngh\u1ecb tr\u00e1nh giao d\u1ecbch trong c\u00e1c th\u1eddi \u0111i\u1ec3m n\u00e0y, kh\u00f4ng n\u00ean c\u1ed1 g\u1eafng \u201c\u0111o\u00e1n\u201d h\u01b0\u1edbng \u0111i.<\/li>\n <li><strong>Ch\u00fa \u00fd \u201cb\u1ea5t ng\u1edd\u201d v\u00e0 \u201cthay \u0111\u1ed5i gi\u1ecdng \u0111i\u1ec7u\u201d:<\/strong>&nbsp;Sau s\u1ef1 ki\u1ec7n, t\u1eadp trung v\u00e0o s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa k\u1ebft qu\u1ea3 th\u1ef1c t\u1ebf v\u00e0 k\u1ef3 v\u1ecdng, c\u0169ng nh\u01b0 gi\u1ecdng \u0111i\u1ec7u trong tuy\u00ean b\u1ed1 ho\u1eb7c ph\u00e1t bi\u1ec3u c\u1ee7a ch\u1ee7 t\u1ecbch (c\u00f3 thi\u00ean v\u1ec1 t\u0103ng l\u00e3i su\u1ea5t trong t\u01b0\u01a1ng lai - \u201cdi\u1ec1u h\u00e2u\u201d hay gi\u1ea3m l\u00e3i su\u1ea5t - \u201cb\u1ed3 c\u00e2u\u201d kh\u00f4ng). \u0110\u00e2y th\u01b0\u1eddng l\u00e0 y\u1ebfu t\u1ed1 then ch\u1ed1t th\u00fac \u0111\u1ea9y ph\u1ea3n \u1ee9ng th\u1ecb tr\u01b0\u1eddng ti\u1ebfp theo.<\/li>\n <li><strong>D\u00f9ng \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 b\u1ed1i c\u1ea3nh v\u0129 m\u00f4:<\/strong>&nbsp;Hi\u1ec3u \u0111\u01b0\u1ee3c l\u1eadp tr\u01b0\u1eddng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 hi\u1ec7n t\u1ea1i c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ch\u00ednh (\u0111ang trong chu k\u1ef3 th\u1eaft ch\u1eb7t hay n\u1edbi l\u1ecfng?) v\u00e0 con \u0111\u01b0\u1eddng t\u01b0\u01a1ng lai c\u00f3 th\u1ec3 gi\u00fap b\u1ea1n x\u00e2y d\u1ef1ng quan \u0111i\u1ec3m c\u01a1 b\u1ea3n v\u1ec1 \u0111\u1ed3ng ti\u1ec1n li\u00ean quan, cung c\u1ea5p tham chi\u1ebfu \u0111\u1ecbnh h\u01b0\u1edbng cho giao d\u1ecbch trung v\u00e0 d\u00e0i h\u1ea1n.<\/li>\n<\/ul>\n<br>\n\n<h3><strong>K\u1ebft lu\u1eadn<\/strong>&nbsp;<\/h3>\n<strong>Ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng<\/strong>&nbsp;l\u00e0 \u201cng\u01b0\u1eddi ch\u01a1i tr\u1ecdng l\u01b0\u1ee3ng\u201d tr\u00ean th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i, h\u1ecd \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn kinh t\u1ebf th\u00f4ng qua ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 (\u0111\u1eb7c bi\u1ec7t l\u00e0 \u0111i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t), t\u1eeb \u0111\u00f3 t\u00e1c \u0111\u1ed9ng s\u00e2u r\u1ed9ng \u0111\u1ebfn t\u1ef7 gi\u00e1.<br>\n\u0110\u1ed1i v\u1edbi nh\u00e0 giao d\u1ecbch ngo\u1ea1i h\u1ed1i, hi\u1ec3u r\u00f5 nhi\u1ec7m v\u1ee5 c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ch\u00ednh (nh\u01b0 Fed, ECB, BOJ, BOE), theo d\u00f5i quy\u1ebft \u0111\u1ecbnh l\u00e3i su\u1ea5t, tuy\u00ean b\u1ed1 ch\u00ednh s\u00e1ch v\u00e0 h\u01b0\u1edbng d\u1eabn tr\u01b0\u1edbc l\u00e0 v\u00f4 c\u00f9ng quan tr\u1ecdng.<br><br>\nM\u1eb7c d\u00f9 c\u00e1c s\u1ef1 ki\u1ec7n ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng c\u00f3 th\u1ec3 t\u1ea1o ra c\u01a1 h\u1ed9i giao d\u1ecbch, nh\u01b0ng bi\u1ebfn \u0111\u1ed9ng c\u1ef1c cao v\u00e0 s\u1ef1 kh\u00f4ng ch\u1eafc ch\u1eafn \u0111i k\u00e8m l\u00e0 r\u1ee7i ro l\u1edbn \u0111\u1ed1i v\u1edbi ng\u01b0\u1eddi m\u1edbi.<br>\nKhuy\u1ebfn ngh\u1ecb ng\u01b0\u1eddi m\u1edbi xem vi\u1ec7c theo d\u00f5i di\u1ec5n bi\u1ebfn ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng nh\u01b0 m\u1ed9t c\u00e1ch \u0111\u1ec3 hi\u1ec3u b\u1ed1i c\u1ea3nh v\u0129 m\u00f4 th\u1ecb tr\u01b0\u1eddng, n\u1eafm b\u1eaft xu h\u01b0\u1edbng c\u01a1 b\u1ea3n, s\u1eed d\u1ee5ng L\u1ecbch Kinh T\u1ebf \u0111\u1ec3 tr\u00e1nh c\u00e1c khung th\u1eddi gian r\u1ee7i ro, thay v\u00ec coi \u0111\u00f3 l\u00e0 t\u00edn hi\u1ec7u giao d\u1ecbch ng\u1eafn h\u1ea1n tr\u1ef1c ti\u1ebfp.\n<\/span><\/div><\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4756e69 elementor-widget elementor-widget-template\" data-id=\"4756e69\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"container\" data-elementor-id=\"49848\" class=\"elementor elementor-49848\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-43b58eaa e-flex e-con-boxed e-con e-parent\" data-id=\"43b58eaa\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-83f27ac elementor-widget elementor-widget-html translation-block\" data-id=\"83f27ac\" data-element_type=\"widget\" data-widget_type=\"html.default\"><span>\n<strong style=\"font-size: 1.2em\">\nXin ch\u00e0o, ch\u00fang t\u00f4i l\u00e0 <a href=\"https:\/\/mister.forex\/vi\/about-us\/\" target=\"_blank\" style=\"text-decoration: underline\">\u0110\u1ed9i ng\u0169 Nghi\u00ean c\u1ee9u Mr.Forex<\/a><\/strong><br>\n\nGiao d\u1ecbch kh\u00f4ng ch\u1ec9 c\u1ea7n t\u01b0 duy \u0111\u00fang \u0111\u1eafn m\u00e0 c\u00f2n c\u1ea7n c\u00e1c c\u00f4ng c\u1ee5 v\u00e0 th\u00f4ng tin h\u1eefu \u00edch. Ch\u00fang t\u00f4i t\u1eadp trung v\u00e0o \u0111\u00e1nh gi\u00e1 c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi to\u00e0n c\u1ea7u, thi\u1ebft l\u1eadp h\u1ec7 th\u1ed1ng giao d\u1ecbch (MT4 \/ MT5, EA, VPS) v\u00e0 n\u1ec1n t\u1ea3ng forex th\u1ef1c chi\u1ebfn. Ch\u00fang t\u00f4i tr\u1ef1c ti\u1ebfp h\u01b0\u1edbng d\u1eabn b\u1ea1n n\u1eafm v\u1eefng \"h\u01b0\u1edbng d\u1eabn s\u1eed d\u1ee5ng\" c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh, x\u00e2y d\u1ef1ng m\u00f4i tr\u01b0\u1eddng giao d\u1ecbch chuy\u00ean nghi\u1ec7p t\u1eeb con s\u1ed1 kh\u00f4ng.<br>\n<br>\n\n<strong>N\u1ebfu b\u1ea1n mu\u1ed1n chuy\u1ec3n t\u1eeb l\u00fd thuy\u1ebft sang th\u1ef1c h\u00e0nh:<\/strong><br>\n1. H\u00e3y chia s\u1ebb b\u00e0i vi\u1ebft n\u00e0y \u0111\u1ec3 nhi\u1ec1u nh\u00e0 giao d\u1ecbch th\u1ea5y \u0111\u01b0\u1ee3c s\u1ef1 th\u1eadt.<br>\n2. \u0110\u1ecdc th\u00eam c\u00e1c b\u00e0i vi\u1ebft li\u00ean quan \u0111\u1ebfn <a href=\"https:\/\/mister.forex\/vi\/category\/learn-forex\/\" target=\"_blank\">H\u1ecdc Forex<\/a>.\n<\/span><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Ng\u01b0\u1eddi m\u1edbi b\u1eaft \u0111\u1ea7u ph\u1ea3i h\u1ecdc! Hi\u1ec3u c\u00e1ch Fed, ECB v\u00e0 c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ch\u00ednh kh\u00e1c s\u1eed d\u1ee5ng l\u00e3i su\u1ea5t \u0111\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i. H\u1ecdc c\u00e1ch theo d\u00f5i quy\u1ebft \u0111\u1ecbnh, \u0111\u00e1nh gi\u00e1 xu h\u01b0\u1edbng v\u0129 m\u00f4 c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/p>","protected":false},"author":1,"featured_media":55351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,83],"tags":[128],"class_list":["post-55346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-terms","category-learn-forex","tag-no-google"],"_links":{"self":[{"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/posts\/55346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/comments?post=55346"}],"version-history":[{"count":0,"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/posts\/55346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/media\/55351"}],"wp:attachment":[{"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/media?parent=55346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/categories?post=55346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/tags?post=55346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}