кѥ˥塼

޸Ρкѥ˥塼̤ưͻ֥Ǥϵ岹Ȳ˻ߤΤúи󾧤ޤиӽиȤϰ㤤ޤߤʴ㤤ΤǤ

2015ǯ06

䡢פΤǤꥷ˴ؤƤϡ¿δ㤤¸ߤƤȻפΤǤ

褺ꥷ㤬ǥեȤ򵯤⤷ʤȸƤǤĥꥷϺ4ǯۤ˥ǥեȤ򵯤ƱʤΤǤ

ΤȸС2010ǯ5ʹߡꥷEUIMFECBλٱƤ뤫Ǥ̾IMFϥ饹ȥ꥾ȤȸƤФƤơþζ줬礫þ˺ǸߤȤо줹뵡ؤǤ뤫Ǥ

ñ˸СIMFʤФʤȤȤϡ˰þþζ줬ˤƹ⤤ȤȤʤΤǤ

ڶֺѤδ¤ȸƤޤïФڶ⤫ȸСΥ饹ȥ꥾ȤIMFФƤμڶʤΤǤ

ȤС٤ܤþϥǥեȤȸƤ֤ΤǤ礦

ꥷܤбϤȤ褦ޤ

äơκǸεIMFʤɤΤǺǰλ֤ȤƤΤˡΥ饹ȥ꥾ȤθȤʹʤä顢ɤΤ褦ʷˤʤ뤫餤ñͽۤǤϤǤ

ĤޤꡢꥷѤǧŤȡ

Ǥ⡢ɤƤʤ˥ꥷǧŤȸСĤǤΰüEUIMFʤɤˤ⤢ΤǤȤΤ⡢ꥷκޤ˲褷Ȼפޤꡢꥷ˻ν礵ʬǧʤޤޤ˵ߺѤμ򺹤٤ƤޤäʤΤǤ

ꥷϡʬþȡEU⺤Τʤȡλ´ΤǤϤʤǤ礦ơ桼ƺΤEUʤΤȡ

ȤȤǡʺ¤֤Ĺ³ȤˤʤäƤޤäΤǤ

ˤƤ⡢ֺѤΥߥåȤǤΤǡˤʤСꥷϥǥեȤ˴٤äǧꤵ뤳ȤǤ礦ĤθΤȤФ굤ˤΤǤ

Ĥޤꡢꥷϡ桼ˤΤޤαޤΤȡ

ꥷι̱¿桼αޤ뤳Ȥ򶯤˾Ƥޤɥ饯ޤȤΤ٤ȷȡΤޤޥ桼Ȥ³ȡ

Ǥϡ¾Υ桼񤬡ꥷФޤǥꥷ㤬˾ΤǤСΤޤޥ桼αޤ뤳ȤˤȿФʤȸäȤ顢ɤʤΤǤ礦

ꥷι̱ϡ¿ʬӤǤ礦

Ǥϡǥꥷι̱ݾڤΤ

ϥΡ

ȤΤ⡢ꥷ㤬桼Ȥ³뤳ȤǤȤƤ⡢ʬ˥桼ȯԤ뤳ȤϤǤʤΤǡꥷܤϻⷫդ뤳ȤǤơꥷֶ̱Ԥ⡢ˤˤϥå夬ĤäƤʤΤǡĶȤƳ뤳ȤǤʤǤ

ʤȡ¾ïٱμ򺹤٤Ƥʤ¤ꡢ桼˻Ĥ뤳ȤǤƤ⡢ꥷܤˤϤʤѤʤΤǤ

Τ˸СꥷܤˤǶ⤬äƤˤäƤǤ礦äƤФƹԤ¿Τǡܤϡ̳ۤä֤ȤǤεǽϴ˥ȥåפƤޤǤ礦

ǯλʧ⥹ȥåפǤ

ʾ֤ˤʤäƤ桼αޤ뤳Ȥ˲ΰ̣ΤǤ礦

󡢤ɤι񤬺ƤӥꥷƤ⤤ȸΤǤС̤Ǥ

Τ褦ʻ¤ɤΥꥷ̱ǧƤΤ礤˵ȻפΤǤ

ޤ¿Υꥷ̱ٻơ桼˻α뤳Ȥ˾ǡ۽̺ϼʤȸ³ƤΤǤ顢¤ϿޤФǤ礦


ꥷι̱ϡޤïƤȻפäƤΤȵ˻פå򤪴ꤤפޤ

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Υȥ꡼ϤƤʥ֥åޡɲ

ꥷΥǥեȤ¾ꤷ褦Ǥ

äơ626Ȥǽʳ˻äǡꥷ㤬̱ɼ75˳餽ޤԤäƤʤƸǤ

ήФˡԿԤ׵ʹʤȺĸĤȽǤΤǤ礦

˥ꥷܤ̱ɼ٤褷ȹͤȤƤ⡢ʤ餽Ǥäᤤ˹̱ɼԤ٤äΤǤ

630ΥߥåȤ᤮ǥեȤˤʤäƤ餽ʤȤ򤷤Ƥⲿΰ̣ȸΤǤ礦

ȤȤǡĸĤϥꥷٱ򤳤ǽλ뤳ȤˤᡢꥷܤⷫĤɤǤ졢IMFؤֺѤǤʤɤԤŹ򳫤뤳ȤǤʤʤäƤޤäΤǤ

ޤ

¶򤷤ƤԤŹ򳫤ʤȤΤǤä顢ɬפʻߤȤǤʤ㤤ʪǤʤȡ

Ūˤϡ62976ޤǤȱƤޤŪʤȤʬäƤʤ褦ʤΤǤ

ǤϡζԤٶȤˤʤȸСĶԤ򳫤¶Ԥ¶λʧ׵᤹뤳ȤưפͽۤǤ˱νʬʸ⤬ǤʤʤΤǤ

Ԥ򳫤ޤޤˤƤơؤ¶λʧϤǤޤ󡢤ʤƸСѥ˥åˤʤäƤޤǤ礦

顢ԤαĶȤ1֤ۤɵ٤ȸäƤΤǤ

â¶λʧ˱ʤȹ̱˻پ򤭤Τǡ630ϸ⼫ưʧư1160桼8300ߡˤޤǤλʧˤϱ롢ȡ

ʤỴʾ֤˴٤äƤޤäꥷ㡣

ꥷμϡ¶ǯݾڤƤ뤫ʤƸäƤޤɤοͤθդ򿮤뤳ȤǤǤ礦

Ǥ⡢⤳⺣̱򤷤̤ʤΤǤ

򤹤Τ縢ԤǤ̱μͳǤǤ餦Τ⤳ޤΤȤʤΤǤ

ˤƤ⡢1֤ۤɤԤϡޤĶȤƳ뤳ȤǤΤǤ礦

ϡѤ񤷤ȤȻפޤ

ΤȸСĺޤECBϡꥷζԤϻʧǽϤȤǡ۵޻ٱ³ƤǤ˥ꥷܤ630IMFؤֺѤԤȤǤʤȤ֤ˤʤСꥷζԤλʧǽϤˤ礭ʵ䤬դǤ

ǡECBζ۵޻ٱ礬ߤޤСꥷζԤϻⷫդ뤳ȤǤԤݻȤȤˤʤäƤޤǤ礦

Ỵʾ֤Ȥ¾ޤ

ꥷι̱ϡ˻äƤ⡢桼αޤꤿȸäƤ褦Ǥ桼αޤ¤ꡢꥷܤȼ̲ߤȯԤ뤳ȤǤʤȲʤѤʤΤǤ

ˤƤ⡢ꥷϡĸĤθȤ⤦졢äϿ˿ŤͤơߤѤ߾夲뤳ȤƻϤʤǤ礦


Ǥ⡢ΤʤΤꥷʤΤǤ͡




ꥷϰỴƻǤ뤫⡢Ȼפäå򤪴ꤤפޤ

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Υȥ꡼ϤƤʥ֥åޡɲ

2015ǯ5μ¼١ξٽФǯƱ4.8%ӤƤ뤳ȤˤĤơ䤬񤤤ȤȿޤϲƤΤǤϤʤȡ

ȿμݤϼΤȤǤ
ٽгۤϼΤ褦˿ܤƤ롣

2013ǯ5282,366
2014ǯ5271,411
2015ǯ5286,433

Ĥޤꡢٽгۤϡ2ǯ֤282,366ߤ286,433ߤؤ4067ƤΤǤ뤫顢ǤαƶæƤ롣

ɤפޤ

Τ̾ܤζۤϡ4067ƤޤΨǸȡ2ǯ֤1.44%

δ֡ʪؿ99.8104.0ؤȾ徺ƤΤǤοΨ2ǯ֤4.21ȤʤΤǡ¼١ξٽФǯΨ1.3%Ƥ뤳ȤˤʤΤǤ

εϡ¼񤬤ɤʤäƤ뤫ȤȤǤΤǡ¼ϲƤʤȤΤʤΤǤ

ǤǤαƶȴФƲʤƼĥΤǤ礦

ޤǤ⡢괺ʤΩƤƤΤǥ֥ǻεȽʤǤΩɤȸäƤǤ礦


֥ϡܤ褤οȻפå򤪴ꤤפޤ

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Υȥ꡼ϤƤʥ֥åޡɲ

ʪưαƶ¼١ξٽФ1ǯ2ǥץ饹ˤʤä󤸤Ƥޤ

⡢οΨ4.8%Ǥ롢ȡ

ޤ

Ψǯ45%8%˰夲ȤˤäƾϥΤǤĤ줬ǯƱ4.8%⿭ӤƤȤΤǤ

Ǥ礦̾ͤοΨǤϤʤΤǤ¼ͤ4.8%⿭ӤȤΤǤ

ޤ

ˤƤ⡢ʤ˾񤬲ƤΤȵ˻פäϱԤ

ҥȤ夲ޤ礦

ФϡʵǺܤƤޤ

־񡢼֡Ť˲βȷĴ

2014ǯξǸߤĹƤư֤Ťξ˲ɽĤĤ롣̳ʤ26ȯɽβȷĴʣͰʾӡˤǤϡư֤ιʪưαƶ¼ǯƱ٤86.1󡢥ƥӡʤɤβѵ׺ι56.6󤽤줾


ư֤ι86.1⿭ӡƥӤ䥨ʤɤβѵ׺ι56.6%⿭ӤƤΤȡ

áסʬʤʤä

ǤϡΨǤϤʤгۤǹͤƤߤƲư֤ƥӤ䥨ιƤѤ˸ʤۤɿӤƤȤȤʤΤǤ礦

ϥΡ

Υդ

¼μ
̳ʤΥǡǺ

ȷĴ餫ˤʤäٽС̾ܡˤοܤ򼨤Ƥޤ

ͰʾӤβ1ξٽФʿͤǤ5286,433ߤȤʤäƤΤǤ

Υդ򸫤¤ˤƤϡ5ˤʤäƵޤ˸Ŀ;񤬲Ƥʤƴʤ⤷ޤ

ϤǤ͡4٤鸺äƤǤ顣

ǯ5٤4.8%ȤΤϴְ㤤ǤϤʤΤǤϤ

ǤϡΤΤ褦ʹ⤤ΨˤʤäΤ

ϡǯ5˾ٽФɡȿӤȤ⡢ǯ5˥Τ顢̤ȤƿΨ⤯äʤΤǤ

ư֤ι86%ȹͤ⡢ǯ5ϡ߼פȿưǼư֤ؤʤäȹͤ٤ʤΤǤ

ʬˤʤޤ

Ĥޤꡢ˾񤬲Ƥ뤫ϤޤʬʤΤǤ

ȤꤷƤϤޤ



Ƕοʹϡܤ褤ε¿Ȼפå򤪴ꤤפޤ

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Υȥ꡼ϤƤʥ֥åޡɲ

Υ֥ɤ顢ؤĺޤĹΤǤϤäƾҲ𤵤ĺޤ

ηкѥ˥塼ߤڤߤˤƤޤꥷˤĤƤɾʤȤƥ᡼뤷ƤޤΤˤä̤ꥮꥷ㤬Τ褦ʺˤʤäΤϼʾλٽФ򤷤Ȼפޤʧ٤Ƕʧʤ͵ؤƤħ뤳ȤǤˡǯ̳ο¿ˤФޤǺʤޤǤ⤽Τ褦ʤʡŪɬפäΤǤϤʤǤ礦ṉ̀Ϥ˵ߤ뤷ʤäΤǤϤʤǤ礦

ά

Τθ褦˥ꥷϥ桼Υæƥɥ饯ޤȯԤǤȼζͻǤΤǻϹž뤫⤷ޤ󤬡⤽ʤˤλ֤ȻפäƤäȻפޤδֹ̱϶줷ߤޤϺΥꥷι̱ζ줷ߤϼȼȤϻפäƤޤ󡣥桼֤˿ͳкѤ򲡤դϤ䤿Ȼפޤ⥮ꥷι̱ФƱΥåФĺ򤷤Ǥ


Τˡΰոϥꥷο͡ߤиǤ뤫⤷ޤ󡣤ϡꥷΤȤפФĤޤꡢꥷˤޤäȤˤʤäƤ餤ΤǸȤäƤΤǤ

Υ֥򤤤ĤߤƲäƤʤ顢䤬ǤǤٻƤ뤳Ȥ¸ΤȻפޤ

⡢Ϥͤߤ顢ȤƤĤʤո˻פ뤫⤷ޤ

λ䤬Ǥٻ뤫ȸСĤϺΤޤޤΤǤܤȤǤʤ֤˴٤뤳Ȥͽۤ뤫ʤΤǤ

פˡ䤬ꥷο͡ο͡˸ȤΤϡΥǤäơ褷ƤʤȤäƤΤǤϤʤΤǤ

Ȥǡؤ򤯤줿ϡꥷ̱ζ줷ߤϼȼǤϤʤȸޤ

ǤϡïǤʤΤǤ礦

ˡꥷο͡Ư֤ʤɤˤĤƤϡ¿ΤȤҲ𤵤ƤǤϤʤǤ

θ3餤ˤʤȻŻϽʤΤǤ硩뿲λ֤ΤǤ硩

Ǥäơ̱4ͤ1ͤϸ̳ǡơ̳ˤʤä⤦ݾڤ줿ΤƱȡǯγۤäơƱ餤ǯ⤬館Τȡ

⤽о٤ֻι񤬡׿񤤤³Ƥ顢ɤΤ褦ʷޤ뤫ʤơͤ餹ʬȦ

󡢥ꥷο͡1ƯȤμͳ뿲बäƤ⡢μͳǶ⤬⤯Ƥ¤Ƥ⡢μͳǯˤĤƤƱ

Τ褦ȽǤ򲼤̤ˤĤƤϡʬ뤷ʤΤǤ

μȼǤʤΤǤ礦

⤷¾Υ桼ι񡹤ǤȤ顢;ˤ°פ˥ꥷߺѤȤǤϤʤΤǤ礦

ϡꥷμ꤬ĸĤȸĤ򤷤ƤǡΤ˲񤤤˹Ԥ褦ʡŷˤ褦ʼˡǤޤ



ꥷ㤬̤ΤϻʤȤȻפå򤪴ꤤפޤ

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Υȥ꡼ϤƤʥ֥åޡɲ

ꥷܤĸĤФλ򼨤ȤǡŷβǽФƤޤ

ǸκǸˤʤäƼꥷܤŶȤΤϡ

Ȥ͵ؤФ

ղòǤŪ夲

࿦ԤФǯΰǯݸΰ夲

âʤǯΰȸ̳εͿΰϹԤʤȤƤͤǤ


٤ƤǥꥷκƷǽʤΤɤˤʬޤ󤬡Ǽ괺̤ΥǥեȤϲǤȤȤˤʤΤǤ礦

â̤ΥǥեȤǤȤƤ⡢ꥷкѤ뤫ɤ̤á

ȤΤ⡢Ҳ𤷤Ȥꡢꥷ̱ˤ¶ΰФޤʤʤΤǤ

פˡǤΤʤȡŵϤӤäƤ롢ȡ

Ǥϡ¿ƿʾʤɤǤȦޤ

Ǥϡο͡ϵŵˤʤäƤΤǤ礦

ϥꥷܼȤڶǧᤵꡢޤʤڶĸ¦Ƥ뤫Ǥ

ˡĤ館Ȧä¶ǯ⤬Ū˸餵줿Ǥ硩

⤦ï⿮ʤȡ

кѳưȤΤϿξΩĤΤǤ顢꤬줿ҲǤϡкѤȯŸȦʤΤǤ

ŵǿϤ뵤ˤʤʤȡͤۤȤʤȡȼԤϤʤʤʤǤ礦

ȤǡIMFդкĴץ饰ϡ۽̺ȤʤΤǷкĹ˳ƤޤȤȽ褯ʹޤ

⤽פޤ

̳εͿꡢǯ⤬Ǥ顢ˤäƾΤǡʤȳΤ˷кĹ˳Ƥޤ줬ʤǤϤޤ

ĤͤƤߤƲ

⤽⤫ĤƤ߲ܤΤ褦ʼҲ񤬤Τ褦ʶ۽ѤС˼פ̤ǤޤΤǷкĹ˳ȤʬΤǤĥꥷΤ褦Ū­μҲǤϡΤ褦ΩʤΤǤ

ΤȸС­ǡڶˤʤäƤȤȤϡʾ̱ĤǤ뤫餽Τ褦ˤʤäƤΤǡΤ褦ʹ¤ˤϡ̱ޤ뤳ȤɬפȤʤ뤫Ǥ

Ǥ⡢ǤϤʤʤʵʤäƤǤ

ϡ餳ö桼ΥæɤȸäƤΤǤС̲ߤβͤ¤ȤѤʵ¸Ǥ롢ȡ

Υ桼βͤϡɤͤƤ⡢ɥĤˤȤäƤϰ¤뤬ꥷˤȤäƤϹ⤹ΤǤ

Ǥ⡢ꥷο͡ϡ桼˻ĤꤿΤǤ硩⡢桼˻Ĥäǡʾ¶򲼤ꡢǯ򲼤뤳Ȥϼʤȡ

֤ˤʤޤꥷ㤬Τ褦ʼڶȤˤʤäͳϡ̱ʬƯʬʾ¶ǯäƤʤΤǤ顢ϺĸĤȤꡢ⤦ܤ˼ʬ碌ʤȤˤϥꥷηкѤꤹ뤳ȤϤʤǤ礦

ΤΤȤ˵դʤΤǤ礦

פˡꥷؤɲ褷Ƥ餺줫³Ǥ礦



ꥷߺѤ褦˸ơ¤ϿεߺѺˤϤʤäƤʤΤǤϤʤȻפå򤪴ꤤפޤ

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Υȥ꡼ϤƤʥ֥åޡɲ

ꥷ꤬褤ͤޤƤޤ

ˤƤ⡢ɤƥꥷܤ϶Ťʻ褦ȤʤΤǤ礦ҤäȤơǥեȤ򵯤Ƥ⤤ȻפäƤΤǤ礦

ˤƤ⡢ޤǥꥷܤŤʻӤͳΰĤϡ۽̺Ϥ⤦Ȥ̱˲ƼʬǤǤ͡

顢ñˤϼĥù뤳ȤϤǤʤȡ

ǤϡꥷܤζŤʻϡƤΥꥷ͡äˤ˻ٻƤȹͤƤΤǤ礦

ϡɤ⤽ǤϤʤȻפΤǤ

ΤäơǤ

Υդ

_83775850_greece_deposits_gra624

졢ꥷֶ̱Ԥ̱ͭ¶Ĺοܤ򼨤ƤΤǤ

6ǯۤ2400桼336鲯ߡˤä¶⤬2015ǯ41300桼182鲯ߡˤۤɤˤޤǸäƤΤǤ

¶Ĺ⤬뤫ȸСĶԤݻ뤫⤷ʤϤ¶Ԥ뤫⤷ʤȤ԰´Τǡ¶Ԥ¶ФƤޤʤΤǤ

Ĥޤꡢ¶ĹϡܤФ뿮٤򼨤Ƥȸ뤳ȤǤΤǤ

Ǥϡ⤦٤äȤ

ꥷκ꤬ȯФƤ鸺Ǥä¶Ĺϡ2012ǯȾФ麣ǯνᤰ餤ޤǤϲФϤäưƤΤǤ

줬ȯ­夫顢ޤˤޤФƤΤǤ

ʬˤʤޤĤޤꡢ¶ԤϡꤷƤʤȤȤʤΤǤ

ä¶⤬Ǥ϶ԤͻʤɹԤʤʵϤʤ鰭ʤäƤޤΤǤ

ꥷȤ˸

Τ褦ʶŤʻӤʤСסꥷηкѤϿषƤޤȡ

ʾ֤Ĺ³餤ʤ顢äǥեȤиäꤵޤޤȻפΤǤ

ɤơΤȤ˵դʤΤǤ礦



Ĥޤä礤³Τȡפäå򤪴ꤤפޤ

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Υȥ꡼ϤƤʥ֥åޡɲ

䤬Ǥ縶ԤǤץߥդʷ䤬ϤޤȤ⤬ޤ

1ߤǡ12ʬ㤤ʪǤ뾦ʷ롢ȡ

ǤȤǤ⡢ϤޤäƤޤ

졢ġͥ٥ǹͤȡʤ»Ǥ롢㤦Ǥ뤳Ȥʬޤ͡

äơ1ߤ12ߤ㤤ʪǤǤ顢̾ξ֤٤2ߤˤʤ롢ȡ

Ǥ⡢ï򤹤ȤȤϡïô餦ȤȤǤǤĺΥץߥդʷϡ񤬤κʬôƤΤǤ

Ȥ顢ʤʤ»

Ǥ⡢ˤϤ;͵ΤǤ礦

ʤǤ礦ʤǯ4ˤ5%ξΨ8%˰夲Ǥޤ2017ǯ4ˤϡ10%˰夲뤳ȤˤʤäƤΤǤ

ơܤץߥդʷФնٵ뤹ʤ̵̤ʤȤ򤹤뤫顢ܤֻϤޤޤĤߡֻĤΤǤɬפȤʤΤǤ

ˡ񤷤ȤͤʤƤ⡢ôȤȤϡ̱ǶŤȤȤ̣Τǡ̱12ߤ㤤ʪǤ뾦ʷ괺1ߤǹ뤳ȤǤ褦˸Ƥ⡢ɡ12ô뤳Ȥˤʤ뤳Ȱ̾ͤʬꤽʤΡ

פˡץߥդʷ䤹뤳ȤˤäƸĿ;񤬳ȯʤȤͤƤȤ顢ȤϹ̱ΤȤ;ŪǤϤʤȹͤƤȤȤˤʤǤ礦

ˡΥץߥդʷϡҤäȤŪˤĿ;ɷ㤷ʤ⤷ʤΤǤĤޤꡢ1ߤ12ʬ㤤ʪǤ褦ˤʤäȸäƤ⡢ȷȤƤϡ2ʬ;ϤٽФ˲󤵤ߤ˲󤹲ǽ뤫Ǥ

ˤƤ⡢ĹܤǸ餳Υץߥդʷؤɸ̤ʤɤܤμڶ򤵤䤹ǡĽäƾǤβǽ򤵤θ̤ʤΤˡޥߤؼԤؤȽ򤷤ʤȤˤԻ׵ĤǤʤޤ

ޤǡʤǤˤȿФο͡ΥץߥդʷȽ򤷤ʤΤ⡢ޤǤޤ

äơǤǤΤǤСǤθȤʤ԰٤ȽʤǡɤΤǤ

Ȥ⡢ȿԤȤΤϡ餦ȤϲޤʧȤʤο͡ʤΤǤ礦

󸢤18Ф˰ˡΧķΩޥߤʤɤϡ⹻ʤɼ㤤äȼҲΤȤ˴ؿĤ٤ʤơäȤ餷ȤäƤΤǤΥץߥդʷΤ褦ʶ򤫤Ȥ褦Τʤ٤ȽʤǡΤʤȤΤȻפΤǤ

ᤤˡԤΤߤ븢ΤץߥդʷʤƤΤ䤵褦ˤʤ뤫ĤǤ͡




ˡȤΤäƤ뤳ȤϥХޥФȻפå򤪴ꤤפޤ

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Υȥ꡼ϤƤʥ֥åޡɲ

ꥷ꤬褤ʤäƤƤޤΤޤ޹ԤȡǥեȯȤȤˤʤ꤫ͤޤ󡣴Ϻ630

ˤɤˤʤΤǤ礦

οʹ֤ƵǡꥷǤϡ桼ؤλαʤ͵ϤΥǥ⤬Ƥ󤸤Ƥޤ

Ǥ⡢ʤ˥桼˻ĤꤿΤǤСĸĤθȤ⤦ʹ٤ȻפΤǤǡǤ礦

ɤǤ礦ͿåȤǯ⥫åȡǤ뤳ȤɬפǤ礦

桼ˤϻĤꤿȸǡ۽̺ϤޤäԤ餴ȡϤǤϡŶΩϤޤ͡

ǤϡĸĤϤɤʥʥꥪͤƤΤǤ礦

ꥷ㤬ǥեȤ򵯤桼륷ʥꥪꤷƤΤ

ޤΤ褦ʥʥꥪʤ櫓ǤϤʤǤ礦ĤषĸĤϡꥷ㤬桼˻Ĥ뤳ȤȤʥꥪͤƤΤǤϤʤȻפΤǤâ桼˻Ĥ뤳ȤˤƤȤäƤ⡢ꥷ㤬Ŷʤ¤ꡢǥեȤΤϤʤȡ

ҤäȤ顢ǥեȤ餻ǡꥷܤλ꤬ⷫդʤʤ֤֤θθĤ䤹ʤȹͤƤ뤫⤷ʤΤǤ

ǥեȤ򵯤⥮ꥷ㤬桼αޤȤСȼ̲ߤȯԤˤϤʤΤǻڤ꤬դȵǽޥҤƤޤǤ礦

ʤй̱ȯơޤǤ٤ήФ˺ĸĤΰոʹʤʤ롢ȡ

äơꥷܤ꤬ⷫդʤʤСͿǯΥåȤɤͿǯ⤬ٵ뤵ʤ֤ˤʤäƤޤǤ

ŪʥʥꥪȤƤϡǸκǸ˥ꥷθŶĸĤθȤȤʥꥪǤ礦ĤǤ⡢¿ʬʤǤ礦षϡǸκǸޤͤĥȤơʬιͤĸĤ˼줵褦ȤƤ褦ˤפޤ

Ǥ顢Τޤޤ⤤ΨǥǥեȤ롢ȡ

ǡǥեȤ⥮ꥷ㤬桼αޤ¤ꡢܤⷫդ뤳ȤϻζȤǤ顢餯ȵǽޥҤƤޤȡ

Ѥʻ֤ȻפΤǤ⤳ɡꥷι̱򤷤֤ǤΤǡïˤʸ򤤤ˤϤʤΤǤ

ꥷι̱ϡȵǽޥҤޤޤǤ桼˻ĤꤿȸΤǤ礦



褤졼꤬ǻʤäȻפå򤪴ꤤפޤ

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 FOMCʸȯɽ졢ơĹεԲ񸫤Ԥ줿ȤʤΤǤɤפޤ

  FOMCȤΤϡFRBθԾѰΤȤǡͻƤꤹ뵡ؤǤǰΤǤ

ؤɤοͤδؿϡĥ뤫Ĥޤꡢ夲Ԥ뤫ȤȤǤ͡

饬IMF̳夲ǯƤԤ٤ȯȤϵ˿ȻפΤǤĤȯFOMCη˲ˤƶڤܤƤΤǤ礦

ϡΡ֥롼ȥ꡼Ρ

䤫餹СäƤ뤳ȤϤޤǤؤѤʤΤǤĤNHKˤСԲ񸫤ǥĹϡ夲λˤĤơˡֲ绲üԤȾȤȾˤϾ郎ȴԤƤ롣ǯ夲ϲǽפȽҤ٤ȤƤޤĤޤꡢǯ夲˸ڤƤ롢ȡ

ĹޤǤϤä˸äΤǤ礦郎դƤȤȤϤʤΤǤ礦

ϡĹθäȤ褯ڤƤߤ뤳ȤɬפǤ͡

And clearly most participants are anticipating that a rate increase this year will be appropriate.

ؤɤλüԤǯ夲ŬǤͽۤƤΤ餫Ǥ

Now, that assumes, as you can see, that they are expecting a pick-up in growth in the second half of this year, and further improvement in labor market conditions.

֤ΤΤȤꡢϡ餬ǯβȾĹΨƸѻԾ줬˲ͽۤƤ뤳ȤˤʤäƤ

And we will all be - we will be making decisions, however, that depend on the actual data that we see in the months ahead.

֤ơ衢桹ȽǤ򲼤Ȥˤʤ뤬Ϻ餫ˤʤºݤΥǡƼǤ

So certainly we could see data in the months ahead that will justify the expectations that you see in the so-called dot plot.

ֽäơץդδͤǡǤǤ

But again the important point is no decision has been made by the committee about what the right timing is of an increase.

֤֤ˤʤ뤬פʤȤϡ夲λ˴ؤѰϲꤷƤʤȤȤǤ

It will depend on unfolding data in the months ahead.

֤줬Ĥˤʤ뤫ϡ餫ˤʤǡƼǤ

But certainly an increase this year is possible; we could certainly see data that would justify that

֤Τǯ夲ԤǽϤ롣夲ǡꤹ뤳ȤǤǤ

ǡǤ礦

ºݤ˸äƤɤäƤȡʬ˥奢󥹤㤦褦ˤפޤ

Τˡʬǯ夲ŬǤȡͤƤ롣ǤϤƤʤºݤˤɤʤ뤫ϡ餫ˤʤǡƼ줫衢ʵѴĶϤ˲顢ʤǯ夲βǽϽʬ롣

ʴǤ礦

Ǥ⡢Ĺϡ⤦ڤʤȤäƤΤǤ

Too much emphasis is placed on the timing of the first increase. What matters is the entire path of rates.

 夲λФ꤬ĴƤ롣ϡθ夲ΥڡǤ

äȤäȡȤǤ

ʬȤޤ夲Υߥ󥰤ˤĤƸڤƤʤĤޤ

Ǥ⡢Ǥ礦餯뤵ȸΤǤ礦IMF̳ޤǤ⤬夲ǯˤʤƤ㤷Ф뤫Ǥ

ޤƻǤϤʤθ夲ΥڡڤʤƸȤϡ⤦ǯ夲ϿߺѤߤˤƤȤȤʤΤǤϤʤǤ礦


FRBεĹȤʤȡŪʤȤϷ褷ƸʤΤʤȻפäå򤪴ꤤפޤ

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