ã2022幎7æ8æ¥ãHSBCã¢ã»ãããããžã¡ã³ãã¯ãã€ã³ãã®ã€ã³ãã¬å¯Ÿå¿ã«ã€ããŠã®ã¬ããŒããäŒããã
âãã€ã³ãã®ã€ã³ãã¬çã¯ã足å
ãã€ã³ãæºåéè¡(RBI)ã«ããç®æšç¯å²ã®äžé6ïŒ
ã5ã¶æé£ç¶ã§çªç ŽâãRBIã¯5æã®èšæã®éèæ¿ç決å®äŒåã«ãŠæ¿çéå©ã®40ããŒã·ã¹ãã€ã³ã(bp)ã®åŒãäžãã決å®ã6æã®å®äŸã®éèæ¿ç決å®äŒåã§ã¯ããã«50bpã®åŒãäžããçºè¡šâãã€ã³ãã¬çäžæã®æ倧èŠå ã¯ãæ¶è²»è
ç©äŸ¡ææ°ã«ãŠæ倧(54ïŒ
)ã®å²åãå ããé£æåäŸ¡æ Œã®äžæã«ããâãRBIã¯çŸåšãæ¥æ¿ãªã€ã³ãã¬ã®è
åšãåé¿ãããããé·æã®ã€ã³ãã¬æåŸ
å®å®åæ¿çã«éç¹ã眮ããŠãããæ®ã幎å
ã«è€æ°åã®è¿œå å©äžããäºæ³ãããŠãã
ãæ¬å¹Ž4æã«çºè¡ããHSBCã¢ã»ãããããžã¡ã³ãã®ã¬ããŒããã€ã³ãéèæ¿çã®æ çµã¿ãã«ãŠãRBIã«ããéèæ¿çã®æ çµã¿ã«ã€ããŠæŠèŠ³ãããåæã«ã4æã®éèæ¿ç決å®äŒååŸã«çºè¡šããã声ææã«é¢ããŠãéå»ã®äŒåã®ãã®ãšã¯åŸ®åŠã«å€åããç¹ãã€ãŸãåŸæ¥ã®çµæžæé·éèŠããã€ã³ãã¬æå¶ã«RBIã®ã¹ã¿ã³ã¹ã移è¡ããããšãåãäžããããŸãåæå·ã§ã¯ãã€ã³ãã¬çã®äžæãç¶ãã°ãRBIã¯è¿ãå°æ¥ãéå©åŒãäžãã«è¿œã蟌ãŸããå¯èœæ§ããããšè¿°ã¹ããå®éãRBIã¯æ¿çéå©ã5æã«éå¬ããèšæã®éèæ¿ç決å®äŒåã«ãŠ40bpã6æã®å®äŸã®éèæ¿ç決å®äŒåã«ãŠ50bpãåã
åŒãäžãããä»åã¯æè¿ã®RBIã®åãã®çè«çæ ¹æ ã«è¿«ãã
ãã€ã³ãã¬ã®é«æ¢ãŸã
ããã€ã³ãéèæ¿çã®æ çµã¿ãã§æ¢è¿°ã®éããRBIã¯ã€ã³ãã¬ç®æšåã®éèæ¿çãšããŠã2ïŒ
ïœ6ïŒ
ã®ã€ã³ãã¬ç®æšç¯å²ãå°å
¥ããŠããã
ããã®èŠ³ç¹ããèšãã°ãã€ã³ãã®ã€ã³ãã¬ç(å幎åææ¯)ã¯2022幎1æ以éäžè²«ããŠ6ïŒ
è¶
ããšãªã£ãŠãããããRBIã¯5ã¶æé£ç¶ã§ã€ã³ãã¬ç®æšéæã«å€±æããããšã«ãªãã
ãã€ã³ãã¬ãé«æ¢ãŸãããŠããèæ¯ã«ã¯ãåæé²è¡äžã®è€æ°ã®äžççãªåé¡ãããããšãããããŠã¯ã©ã€ãæ
å¢ã¯ã³ã¢ãã£ãã£ãšé£æåã®äŸ¡æ ŒãæŒãäžãããŸãäžåœã«ãããæ°åã³ãããŠã€ã«ã¹ã®æææ¡å€§ã«äŒŽãéœåžå°éã¯ãµãã©ã€ãã§ãŒã³ã®æ··ä¹±ã«æè»ããããŠããã
ããããããªããRBIã¯éèæ¿çã«å¯Ÿããä¿¡èªãåŸããããã€ã³ãã¬æå¶ã«åããŠæ¿çéå©ãé©æ£æ°Žæºã«èšå®ããããšã決å®ããã
ãå©äžã
ãRBIã¯éèæ¿ç決å®äŒåã2ã¶æããšã«å®æéå¬ããæ¿çéå©ãå€æŽãã¹ããåŠãã決å®ããããã®ãããå®äŸäŒåã¯4æã®æ¬¡ã¯6æã«äºå®ãããŠãããããããæ¥æ¿ãªã€ã³ãã¬çã®äžæãåããŠã5æã«èšæã®äŒåãéå¬ãããæ¿çéå©ã§ããã¬ãã¬ãŒãã®40bpåŒãäžãã決å®ãããã
ããã®äºæ³å€ã®å©äžãã¯ãRBIã«ããã€ã³ãã¬ç®æšå
æã®å§¿å¢ãåžå Žã«äŒããããšãšãªã£ãã6æã®å®äŸäŒåã§ã¯ã¬ãã¬ãŒãã¯ããã«50bpåŒãäžããããRBIã®ã€ã³ãã¬æå¶ãžã®æ±ºæãæ¹ããŠç€ºããããåæã«ãRBIã¯çµæžæé·ã«ãé
æ
®ããŠãã姿å¢ã瀺ããåžå Žãå®å¿ãããã
ãå
·äœçã«ã¯ã6æã®å®äŸäŒååŸã®å£°ææã«ãŠã足å
ã®çžæ¬¡ãå©äžãã«ãããããããã¬ãã¬ãŒãã¯ã³ããçŠåã®æ°ŽæºãäŸç¶äžåã£ãŠãããšåŒ·èª¿ããŠãããèšããŸã§ããªããäžå€®éè¡ã«ã¯ã€ã³ãã¬æå¶ãšçµæžæé·æ¯æŽã®éã§åŸ®åŠãªãã©ã³ã¹ãåããšãããé£é¡ã課ããããŠããã
ãäž»èŠé
ç®å¥ã«èŠãã€ã³ãã¬åŸåã
ã足å
æ°ã¶æã®ã€ã³ãã®ã€ã³ãã¬åŸåãèŠããšãCPIæ§ææ¯çãæ倧(54ïŒ
)ã®é£æåäŸ¡æ Œã®äžæãã€ã³ãã¬å
šäœãæŒãäžãã倧ããªèŠå ãšãªã£ãŠããããšãããããé£æåäŸ¡æ Œã®äžæå§åãé«ãŸãå§ããã®ã¯ã2021幎çµç€ã«æ°åã³ãããŠã€ã«ã¹ã®ãªãã¯ãã³æ ªææãäžççã«æ¡å€§ãå§ããææãšéãªãã
ããã®åŸããŠã¯ã©ã€ãæ
å¢ãç·è¿«åãããšé£æåäŸ¡æ Œã¯äžæ®µãšé«éš°ãããè¡£æãšçæã®äŸ¡æ Œãæ¥äžæ(ãã®åŸåã¯éå»1幎ã®å€ããéããŠèŠããã)ããŠããããäž¡é
ç®ãåèšããCPIæ§ææ¯çã¯çŽ15ïŒ
ã«éããªãã
ãäžæ¹ããµãã©ã€ãã§ãŒã³ã»ã·ã§ãã¯ãå¹
åºãªã€ã³ãã¬èŠå ã§ããç¶æ³ã«å€ããã¯ãªããRBIã§ã¯ãæå
¥äŸ¡æ Œã®äžæã«äŒŽãã補é ã»ãµãŒãã¹ã®äž¡ã»ã¯ã¿ãŒã«ãããæ¶è²»è
ç©äŸ¡ãžã®äŸ¡æ Œè»¢å«ã®åããããã匷ãŸãå
ããé«ãŸã£ãŠããããšã«ã泚èŠããŠããã
ãèŠéãã
ãRBIã§ã¯ãã€ã³ãã®ã€ã³ãã¬çã2022幎åŸåãéããŠç®æšç¯å²ã®äžé6ïŒ
ãäžåãæ°Žæºã§æšç§»ãããšäºæ³ããŠããããã®èæ¯ã«ã¯ããµãã©ã€ãã§ãŒã³åé¡ã®é·æåãšäžåœã®ãŒãã³ãã察çãããã
ãã³ã¢ãã£ãã£ããšãã«ã®ãŒã®äŸ¡æ Œé«éš°ãšãµãã©ã€ãã§ãŒã³ã®ããã«ããã¯ã®é·æåãåããŠãRBIãé«ã€ã³ãã¬ã®æç¶ãèŠèŸŒãã§ããã®ã¯ç¢ºãã§ãããããããæ¬å¹Žã®ã¢ã³ã¹ãŒã³(éšå£)ã平幎䞊ã¿ã«ãªããšããäºå ±ãã¬ãœãªã³ãšãã£ãŒãŒã«çæã®ç©åçšã®åŒãäžããéå±äŸ¡æ Œã®èœã¡çããšãã£ãæè¿äžéšã§èŠãããããžãã£ããªäºè±¡ã財æ¿é¢ã§ã®æ¿çæ¯æŽãèæ¯ã«ãã€ã³ãã¬äžæå§åã¯ããçšåºŠç·©åãããå¯èœæ§ãããã
ãRBIã¯çŸåšãæ¥æ¿ãªã€ã³ãã¬ãçµæžæé·ãšéèå®å®ã«ããããè
åšãåé¿ããããã«å¿
èŠãªé·æã®ã€ã³ãã¬æåŸ
å®å®åæ¿çã®æšé²ã«éç¹ã眮ããŠããã
ããã®ãããRBIã¯ãè€æ°å¹Žã®æéæ ã®äžã§ãã³ããçŠå¯ŸçãšããŠå°å
¥ããè¿œå çç·©åçãæŽç¶ãã€æ®µéçã«è§£é€ããäºå®ã§ããã足å
å®æœãã2åã®å©äžãã«ãããã¬ãã¬ãŒãã¯4.0ïŒ
ãã4.9ïŒ
ã«åŒãäžããããããããã§ãã³ããçŠçŽåã®æ°Žæº(5.15ïŒ
)ãäŸç¶ãšããŠè¥å¹²äžåã£ãŠãããã€ã³ãã¬æå¶ã®ããã«ãä»åŸéå¬ãããè€æ°åã®éèæ¿ç決å®äŒåã«ãŠæ¿çéå©ã®ãããªãåŒãäžããäºæ³ãããã