{"id":12549,"date":"2025-09-14T12:32:56","date_gmt":"2025-09-14T09:32:56","guid":{"rendered":"https:\/\/otetmarkets.net\/blog\/?p=12549"},"modified":"2025-09-14T12:34:31","modified_gmt":"2025-09-14T09:34:31","slug":"central-banks-shift-as-fed-eyes-september-rate-cuts","status":"publish","type":"post","link":"https:\/\/otetmarkets.net\/blog\/otet-view\/central-banks-shift-as-fed-eyes-september-rate-cuts\/","title":{"rendered":"\u062a\u062d\u0648\u0644\u0627\u062a \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629: \u0643\u064a\u0641 \u064a\u0645\u0643\u0646 \u0644\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0648\u0628\u0646\u0643 \u0625\u0646\u062c\u0644\u062a\u0631\u0627 \u0648\u0628\u0646\u0643 \u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u062a\u062d\u0631\u064a\u0643 \u0627\u0644\u0623\u0633\u0648\u0627\u0642\u061f"},"content":{"rendered":"\n<div class=\"wp-block-yoast-seo-table-of-contents 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\u0627\u0644\u0645\u0646\u062a\u062c\u064a\u0646 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u0628\u0646\u0633\u0628\u0629 2.8% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a\u060c \u0641\u064a \u062d\u064a\u0646 \u0627\u0646\u062e\u0641\u0636 \u0627\u0644\u0645\u0643\u0648\u0646 \u0627\u0644\u0645\u062a\u0642\u0644\u0628 \u201c\u062e\u062f\u0645\u0627\u062a \u0627\u0644\u062a\u062c\u0627\u0631\u0629\u201d \u0628\u0646\u0633\u0628\u0629 1.7% \u0634\u0647\u0631\u064a\u064b\u0627\u060c \u0645\u0627 \u064a\u0634\u064a\u0631 \u0625\u0644\u0649 \u0636\u063a\u0637 \u0639\u0644\u0649 \u0627\u0644\u0647\u0648\u0627\u0645\u0634.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0641\u064a \u062c\u0627\u0646\u0628 \u0627\u0644\u0648\u0638\u0627\u0626\u0641\u060c \u0623\u0638\u0647\u0631 \u0627\u0644\u062a\u0639\u062f\u064a\u0644 \u0627\u0644\u0645\u0628\u062f\u0626\u064a \u0644\u0645\u0643\u062a\u0628 \u0625\u062d\u0635\u0627\u0621\u0627\u062a \u0627\u0644\u0639\u0645\u0644 \u062a\u062e\u0641\u064a\u0636\u064b\u0627 \u0641\u064a \u0627\u0644\u0648\u0638\u0627\u0626\u0641 \u0628\u064a\u0646 \u0623\u0628\u0631\u064a\u0644 2024 \u0648\u0645\u0627\u0631\u0633 2025 \u0628\u0645\u0642\u062f\u0627\u0631 911 \u0623\u0644\u0641 \u0648\u0638\u064a\u0641\u0629\u2014\u0648\u0647\u0648 \u0623\u0643\u0628\u0631 \u062a\u0639\u062f\u064a\u0644 \u0633\u0644\u0628\u064a \u0645\u0633\u062c\u0644\u2014\u0645\u0645\u0627 \u0642\u0644\u0651\u0635 \u0645\u062a\u0648\u0633\u0637 \u0627\u0644\u0645\u0643\u0627\u0633\u0628 \u0627\u0644\u0634\u0647\u0631\u064a\u0629 \u0625\u0644\u0649 73 \u0623\u0644\u0641 \u0648\u0638\u064a\u0641\u0629\u060c \u0648\u0645\u062a\u0648\u0627\u0641\u0642 \u0645\u0639 \u0645\u062a\u0648\u0633\u0637 \u0627\u0644\u062b\u0644\u0627\u062b\u0629 \u0623\u0634\u0647\u0631 \u0627\u0644\u0623\u062e\u064a\u0631\u0629 \u0627\u0644\u0628\u0627\u0644\u063a \u062d\u0648\u0627\u0644\u064a 29 \u0623\u0644\u0641 \u0648\u0638\u064a\u0641\u0629. \u0645\u0639 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0627\u0644\u062a\u0636\u062e\u0645 \u0641\u0648\u0642 \u0627\u0644\u0647\u062f\u0641 \u0644\u0643\u0646 \u0636\u0639\u0641 \u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644\u060c \u0646\u062a\u0648\u0642\u0639 \u0623\u0646 \u064a\u0628\u062f\u0623 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0627\u0644\u062a\u062e\u0641\u064a\u0636\u0627\u062a \u0641\u064a \u0633\u0628\u062a\u0645\u0628\u0631 \u0625\u062c\u0631\u0627\u0621 \u062a\u064a\u0633\u064a\u0631 \u0628\u0646\u062d\u0648 125 \u0646\u0642\u0637\u0629 \u0623\u0633\u0627\u0633 \u0628\u062d\u0644\u0648\u0644 \u064a\u0648\u0646\u064a\u0648.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u062a\u0634\u064a\u0631 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0639\u0627\u0644\u064a\u0629 \u0627\u0644\u062a\u0631\u062f\u062f \u0625\u0644\u0649 \u062a\u0628\u0627\u0637\u0624 \u0627\u0644\u0646\u0645\u0648 \u0648\u0644\u0643\u0646 \u0644\u064a\u0633 \u062a\u0648\u0642\u0641\u0647. \u0627\u0631\u062a\u0641\u0639\u062a \u0645\u0628\u064a\u0639\u0627\u062a \u0627\u0644\u062c\u0645\u0644\u0629 \u0628\u0646\u0633\u0628\u0629 1.4% \u0634\u0647\u0631\u064a\u064b\u0627 \u0641\u064a \u064a\u0648\u0644\u064a\u0648 \u0645\u0642\u0627\u0628\u0644 \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0645\u062e\u0632\u0648\u0646\u0627\u062a \u0628\u0646\u0633\u0628\u0629 0.1%\u060c \u0645\u0627 \u064a\u0634\u064a\u0631 \u0625\u0644\u0649 \u062f\u064a\u0646\u0627\u0645\u064a\u0643\u064a\u0627\u062a \u0645\u062e\u0632\u0648\u0646 \u0635\u062d\u064a\u0629. \u062a\u0648\u0633\u0639\u062a \u0627\u0644\u0627\u0626\u062a\u0645\u0627\u0646 \u0627\u0644\u0627\u0633\u062a\u0647\u0644\u0627\u0643\u064a \u0628\u0645\u0642\u062f\u0627\u0631 16 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631\u060c \u0648\u0632\u0627\u062f\u062a \u0645\u0628\u064a\u0639\u0627\u062a Redbook \u0628\u0646\u0633\u0628\u0629 6.6% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a\u060c \u0645\u0645\u0627 \u064a\u0624\u0643\u062f \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0632\u062e\u0645 \u0627\u0644\u062a\u062c\u0632\u0626\u0629 \u0631\u063a\u0645 \u062a\u0628\u0627\u0637\u0624 \u0627\u0644\u062b\u0642\u0629 (\u0645\u0624\u0634\u0631 \u0645\u064a\u0634\u064a\u063a\u0627\u0646 \u0627\u0644\u0645\u0628\u062f\u0626\u064a: 55.4 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u060c 51.8 \u0644\u0644\u062a\u0648\u0642\u0639\u0627\u062a\u061b \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u062a\u0636\u062e\u0645 \u0644\u0639\u0627\u0645\/\u062e\u0645\u0633 \u0633\u0646\u0648\u0627\u062a 4.8%\/3.9%). \u0623\u0638\u0647\u0631\u062a \u062a\u0641\u0627\u0635\u064a\u0644 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0646\u062a\u062c\u064a\u0646 \u062a\u0628\u0627\u0637\u0624\u064b\u0627 \u0648\u0627\u0633\u0639\u064b\u0627 \u0645\u0642\u0627\u0631\u0646\u0629 \u0628\u0627\u0644\u0623\u0634\u0647\u0631 \u0627\u0644\u0633\u0627\u0628\u0642\u0629\u2014\u0645\u0624\u0634\u0631 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0646\u062a\u062c\u064a\u0646 \u0627\u0644\u0631\u0626\u064a\u0633\u064a \u22120.1% \u0634\u0647\u0631\u064a\u064b\u0627\u060c +2.6% \u0633\u0646\u0648\u064a\u064b\u0627\u061b \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u22120.1% \u0634\u0647\u0631\u064a\u064b\u0627\u060c +2.8% \u0633\u0646\u0648\u064a\u064b\u0627\u2014\u0648\u0644\u0627 \u064a\u0632\u0627\u0644 \u0623\u0642\u0631\u0628 \u0625\u0644\u0649 3% \u0645\u0646\u0647 \u0625\u0644\u0649 2% \u0639\u0644\u0649 \u0627\u0644\u0627\u062a\u062c\u0627\u0647\u0627\u062a \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u064a\u0628\u0642\u0649 \u0642\u0637\u0627\u0639 \u0627\u0644\u0625\u0633\u0643\u0627\u0646 \u0645\u0642\u064a\u062f\u064b\u0627 \u0628\u0627\u0644\u0642\u062f\u0631\u0629 \u0639\u0644\u0649 \u062a\u062d\u0645\u0644 \u0627\u0644\u062a\u0643\u0627\u0644\u064a\u0641 \u0644\u0643\u0646\u0647 \u064a\u0633\u062a\u062c\u064a\u0628 \u0644\u0627\u0646\u062e\u0641\u0627\u0636 \u0627\u0644\u0641\u0627\u0626\u062f\u0629: \u062a\u0631\u0627\u062c\u0639 \u0645\u0639\u062f\u0644 \u0627\u0644\u0631\u0647\u0646 \u0627\u0644\u0639\u0642\u0627\u0631\u064a \u0644\u0645\u062f\u0629 30 \u0633\u0646\u0629 \u0648\u0641\u0642 MBA \u0625\u0644\u0649 6.49%\u060c \u0645\u0639 \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0637\u0644\u0628 \u0639\u0644\u0649 \u0627\u0644\u0642\u0631\u0648\u0636 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0628\u0646\u0633\u0628\u0629 9.2% \u0623\u0633\u0628\u0648\u0639\u064a\u064b\u0627 \u0648\u062a\u062d\u0633\u0646 \u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u062a\u0645\u0648\u064a\u0644. \u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0637\u0627\u0642\u0629 \u0643\u0627\u0646\u062a \u0623\u0636\u0639\u0641 \u0644\u0644\u0646\u0641\u0637 (\u0645\u062e\u0632\u0648\u0646\u0627\u062a \u062e\u0627\u0645 +3.94 \u0645\u0644\u064a\u0648\u0646 \u0628\u0631\u0645\u064a\u0644\u061b \u0627\u0644\u0628\u0646\u0632\u064a\u0646 +1.46 \u0645\u0644\u064a\u0648\u0646\u061b \u0645\u062e\u0632\u0648\u0646 \u0627\u0644\u063a\u0627\u0632 \u0627\u0644\u0637\u0628\u064a\u0639\u064a +71 \u0645\u0644\u064a\u0627\u0631 \u0642\u062f\u0645 \u0645\u0643\u0639\u0628)\u060c \u0628\u064a\u0646\u0645\u0627 \u0627\u0631\u062a\u0641\u0639\u062a \u0623\u0639\u062f\u0627\u062f \u0627\u0644\u062d\u0641\u0627\u0631\u0627\u062a (\u0627\u0644\u0646\u0641\u0637 416\u061b \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a 539).<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u062a\u064f\u0638\u0647\u0631 \u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0639\u062c\u0632 \u0623\u063a\u0633\u0637\u0633 \u0639\u0646\u062f 345 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631\u060c \u0648\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0642\u0631\u0628 6.606 \u062a\u0631\u064a\u0644\u064a\u0648\u0646 \u062f\u0648\u0644\u0627\u0631 \u0645\u0639 \u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a 3.151 \u062a\u0631\u064a\u0644\u064a\u0648\u0646\u060c \u0648\u0637\u0644\u0628 \u0642\u0648\u064a \u0641\u064a \u0627\u0644\u0645\u0632\u0627\u062f\u0627\u062a \u064a\u062e\u0641\u0636 \u0627\u0644\u0639\u0627\u0626\u062f\u0627\u062a (3 \u0633\u0646\u0648\u0627\u062a 3.49%\u060c 30 \u0633\u0646\u0629 4.65%).<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0627\u0644\u062e\u0644\u0627\u0635\u0629: \u0633\u0646\u062f\u0627\u062a \u0627\u0644\u062e\u0632\u0627\u0646\u0629 \u062a\u0638\u0644 \u0645\u062f\u0639\u0648\u0645\u0629\u061b \u0627\u0644\u0645\u064a\u0644 \u0642\u0635\u064a\u0631 \u0627\u0644\u0623\u062c\u0644 \u0644\u0644\u062f\u0648\u0644\u0627\u0631 \u0645\u062a\u0628\u0627\u064a\u0646 \u0625\u0644\u0649 \u0636\u0639\u064a\u0641\u061b \u0648\u0627\u0644\u0623\u0633\u0647\u0645 \u062a\u0639\u062a\u0645\u062f \u0639\u0644\u0649 \u0642\u0648\u0629 \u0645\u0628\u064a\u0639\u0627\u062a \u0627\u0644\u062a\u062c\u0632\u0626\u0629 \u0648\u0635\u0644\u0627\u0628\u0629 \u0642\u0637\u0627\u0639 \u0627\u0644\u0625\u0633\u0643\u0627\u0646.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-\u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a-\u0627\u0644\u0645\u062a\u062d\u062f\u0629-\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a-\u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629-\u0644\u0644\u0623\u0633\u0628\u0648\u0639-\u0627\u0644\u0645\u0642\u0628\u0644\"><strong>\u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0627\u0644\u0645\u062a\u062d\u062f\u0629 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\u062a\u0635\u0628\u062d \u0623\u0643\u062b\u0631 \u062f\u0639\u0645\u064b\u0627 \u0645\u0639 \u062a\u0632\u0627\u064a\u062f \u0627\u0644\u0628\u0637\u0627\u0644\u0629 \u0627\u0644\u062c\u0632\u0626\u064a\u0629. \u0627\u0631\u062a\u0641\u0639\u062a \u0645\u0628\u064a\u0639\u0627\u062a \u0627\u0644\u062a\u062c\u0632\u0626\u0629 \u0641\u064a \u064a\u0648\u0644\u064a\u0648 \u0628\u0646\u0633\u0628\u0629 0.5% (\u0645\u0639 \u062a\u0639\u062f\u064a\u0644 \u064a\u0648\u0646\u064a\u0648 \u0625\u0644\u0649 0.9%)\u060c \u0628\u0642\u064a\u0627\u062f\u0629 \u0645\u0628\u064a\u0639\u0627\u062a \u0627\u0644\u0633\u064a\u0627\u0631\u0627\u062a\u060c \u0648\u0627\u0644\u0645\u0644\u0627\u0628\u0633\u060c \u0648\u0627\u0644\u0633\u0644\u0639 \u0627\u0644\u0631\u064a\u0627\u0636\u064a\u0629\u060c \u0648\u0627\u0644\u062a\u062c\u0632\u0626\u0629 \u063a\u064a\u0631 \u0627\u0644\u0645\u062a\u0648\u0627\u062c\u062f\u0629 \u0641\u064a \u0627\u0644\u0645\u062a\u0627\u062c\u0631\u060c 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\u0625\u0644\u0649 \u062d\u0648\u0627\u0644\u064a 1.38 \u0645\u0644\u064a\u0648\u0646 \u0648\u062d\u062f\u0629 \u0633\u0646\u0648\u064a\u064b\u0627 \u0645\u0639\u062f\u0644\u064b\u0627 \u0645\u0648\u0633\u0645\u064a\u0627\u064b.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0646\u0642\u062f\u064a\u0629 \u0639\u0644\u0649 \u0648\u0634\u0643 \u0627\u0644\u062a\u062d\u0648\u0644 \u0645\u062c\u062f\u062f\u0627\u064b \u0644\u062f\u0639\u0645 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f. \u0628\u0639\u062f \u062a\u062b\u0628\u064a\u062a \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0641\u064a 30 \u064a\u0648\u0644\u064a\u0648\u060c \u064a\u0648\u0627\u062c\u0647 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0628\u064a\u0627\u0646\u0627\u062a \u0639\u0645\u0627\u0644\u064a\u0629 \u0623\u0636\u0639\u0641: \u0645\u062a\u0648\u0633\u0637 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768w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-12.png 1430w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0623\u0645\u0627 \u0639\u0644\u0649 \u0648\u0648\u0644 \u0633\u062a\u0631\u064a\u062a\u060c \u0641\u0633\u064a\u0633\u062a\u0642\u0631 \u0645\u0624\u0634\u0631 S&amp;P 500 \u0642\u0631\u0628 \u0645\u0633\u062a\u0648\u064a\u0627\u062a \u0642\u064a\u0627\u0633\u064a\u0629 \u0628\u0639\u062f \u0630\u0631\u0648\u0627\u062a \u0623\u0648\u0627\u062e\u0631 \u0623\u063a\u0633\u0637\u0633 \u0648\u0635\u062f\u0648\u0631 \u0628\u064a\u0627\u0646\u0627\u062a \u062c\u062f\u064a\u062f\u0629 \u0641\u064a \u0633\u0628\u062a\u0645\u0628\u0631.. \u0623\u063a\u0644\u0642 \u064a\u0648\u0645 \u0627\u0644\u062c\u0645\u0639\u0629 \u0645\u0631\u062a\u0641\u0639\u064b\u0627 \u0645\u0639 \u0627\u0633\u062a\u0639\u062f\u0627\u062f \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0644\u062e\u0641\u0636 \u0645\u062d\u062a\u0645\u0644\u060c \u0645\u0627 \u062a\u0631\u0643 \u0627\u0644\u0645\u0639\u0646\u0648\u064a\u0627\u062a \u0625\u064a\u062c\u0627\u0628\u064a\u0629 \u0648\u0644\u0643\u0646 \u0645\u062a\u0648\u0627\u0632\u0646\u0629. \u062e\u0641\u0636 \u0645\u062a\u0648\u0627\u0636\u0639 \u0645\u0639 \u0645\u0646\u062d \u062e\u064a\u0627\u0631\u0627\u062a \u0648\u0627\u0636\u062d\u0629 \u0645\u0646 \u0634\u0623\u0646\u0647 \u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u062f\u0639\u0645 \u0645\u0636\u0627\u0639\u0641\u0627\u062a \u0627\u0644\u0623\u0633\u0639\u0627\u0631\u061b \u0628\u064a\u0646\u0645\u0627 \u0623\u064a \u0645\u0641\u0627\u062c\u0623\u0629 \u062a\u0634\u062f\u064a\u062f\u064a\u0629\u2014\u0623\u0648 \u0645\u0628\u064a\u0639\u0627\u062a \u062a\u062c\u0632\u0626\u0629 \u0623\u0639\u0644\u0649 \u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639\u2014\u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0631\u0641\u0639 \u062a\u0643\u0644\u0641\u0629 \u0627\u0644\u0637\u0631\u0641 \u0627\u0644\u0623\u0645\u0627\u0645\u064a \u0648\u064a\u0642\u0644\u0644 \u0645\u0646 \u0627\u0644\u0634\u0647\u064a\u0629 \u0644\u0644\u0645\u062e\u0627\u0637\u0631 \u0639\u0644\u0649 \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0642\u0631\u064a\u0628. \u062a\u0638\u0644 \u0625\u0634\u0627\u0631\u0627\u062a \u0627\u0644\u0627\u062a\u062c\u0627\u0647 \u0625\u064a\u062c\u0627\u0628\u064a\u0629\u060c \u0648\u0645\u0624\u0634\u0631 \u0627\u0644\u0642\u0648\u0629 \u0627\u0644\u0646\u0633\u0628\u064a\u0629 \u062a\u062d\u062a \u0645\u0633\u062a\u0648\u0649 \u0627\u0644\u062a\u0634\u0628\u0639 \u0627\u0644\u0634\u0631\u0627\u0626\u064a \u0645\u062a\u0648\u0627\u0641\u0642 \u0645\u0639 \u0627\u0644\u0632\u062e\u0645 \u0627\u0644\u0645\u0633\u062a\u0645\u0631. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u062a\u0638\u0647\u0631 \u0628\u064a\u0627\u0646\u0627\u062a \u0644\u062c\u0646\u0629 \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0633\u0644\u0639 \u0627\u0644\u0622\u062c\u0644\u0629 (CFTC) \u0623\u0646 \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0642\u0635\u064a\u0631\u0629 \u0627\u0644\u0645\u0636\u0627\u0631\u0628\u064a\u0629 \u0635\u0627\u0631\u062a \u0623\u0639\u0645\u0642 \u0625\u0644\u0649 \u062d\u0648\u0627\u0644\u064a \u2212173.7 \u0623\u0644\u0641 (\u0645\u0646 \u2212161.1 \u0623\u0644\u0641)\u060c \u0645\u0627 \u064a\u0639\u0643\u0633 \u0627\u0644\u062a\u062d\u0648\u0637 \u0627\u0644\u062d\u0630\u0631 \u0648\u0633\u0637 \u0639\u062f\u0645 \u0627\u0644\u064a\u0642\u064a\u0646 \u0628\u0634\u0623\u0646 \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0648\u0627\u0644\u062a\u0642\u064a\u064a\u0645\u0627\u062a \u0627\u0644\u0645\u0631\u062a\u0641\u0639\u0629. \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0642\u0635\u064a\u0631\u0629 \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u062b\u0642\u0644 \u0643\u0627\u0647\u0644 \u0627\u0644\u0645\u0639\u0646\u0648\u064a\u0627\u062a\u060c \u0644\u0643\u0646\u0647 \u0623\u064a\u0636\u064b\u0627 \u064a\u0632\u064a\u062f \u062e\u0637\u0631 \u0627\u0644\u0636\u063a\u0637 \u0639\u0644\u0649 \u0627\u0644\u0642\u0635\u064a\u0631\u064a\u0646 (short squeeze) \u0625\u0630\u0627 \u0627\u0633\u062a\u0645\u0631 \u0627\u0644\u0632\u062e\u0645.<\/span><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"489\" src=\"https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-6-1024x489.png\" alt=\"\" class=\"wp-image-12550\" srcset=\"https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-6-1024x489.png 1024w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-6-300x143.png 300w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-6-768x367.png 768w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-6.png 1431w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0627\u0644\u062e\u0644\u0627\u0635\u0629: \u0627\u0644\u0633\u064a\u0646\u0627\u0631\u064a\u0648 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u064a\u062a\u0648\u0642\u0639 \u062b\u0628\u0627\u062a \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0648\u0627\u0644\u0623\u0633\u0647\u0645 \u0623\u0648 \u0627\u0631\u062a\u0641\u0627\u0639\u0647\u0645\u0627 \u0628\u0634\u0643\u0644 \u0645\u0639\u062a\u062f\u0644 \u0641\u064a \u0638\u0644 \u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0627\u0644\u0642\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u201c\u0627\u0644\u062e\u0641\u0636 \u0648\u0627\u0644\u0645\u0631\u0627\u0642\u0628\u0629\u201d. \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0635\u0627\u0639\u062f\u0629 \u0644\u0644\u062f\u0648\u0644\u0627\u0631 \u062a\u0623\u062a\u064a \u0645\u0646 \u0628\u064a\u0627\u0646\u0627\u062a \u0642\u0648\u064a\u0629 \u0623\u0648 \u062a\u0648\u0642\u0639\u0627\u062a \u062a\u0634\u062f\u064a\u062f\u064a\u0629 \u0623\u0643\u062b\u0631 \u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u064e\u0651\u0639 (\u201cdots\u201d \u0627\u0644\u0635\u0627\u0631\u0645\u0629)\u060c \u0628\u064a\u0646\u0645\u0627 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0646\u0632\u0648\u0644\u064a\u0629 \u0644\u0644\u0623\u0633\u0647\u0645 \u062a\u0623\u062a\u064a \u0645\u0646 \u0628\u064a\u0627\u0646\u0627\u062a \u0645\u062a\u064a\u0646\u0629 \u0623\u0648 \u062a\u0648\u062c\u064a\u0647\u0627\u062a \u0623\u0643\u062b\u0631 \u062a\u0634\u062f\u062f\u064b\u0627\u060c \u0645\u0639 \u0623\u0646 \u0627\u0644\u0648\u0636\u0639\u064a\u0629 \u0627\u0644\u0633\u0648\u0642\u064a\u0629 \u0627\u0644\u062d\u0627\u0644\u064a\u0629 \u0642\u062f \u062a\u064f\u0636\u062e\u0645 \u062a\u062d\u0631\u0643\u0627\u062a \u0643\u0644\u0627 \u0627\u0644\u0627\u062a\u062c\u0627\u0647\u064a\u0646.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-\u0627\u062c\u062a\u0645\u0627\u0639-\u0628\u0646\u0643-\u0625\u0646\u062c\u0644\u062a\u0631\u0627-\u0648\u0627\u0644\u062c\u0646\u064a\u0647-\u0627\u0644\u0625\u0633\u062a\u0631\u0644\u064a\u0646\u064a-\u0627\u0644\u0645\u0631\u0627\u062c\u0639\u0629-\u0644\u064a\u0648\u0645-\u0627\u0644\u062e\u0645\u064a\u0633-18-\u0633\u0628\u062a\u0645\u0628\u0631-2025\"><strong>\u0627\u062c\u062a\u0645\u0627\u0639 \u0628\u0646\u0643 \u0625\u0646\u062c\u0644\u062a\u0631\u0627 \u0648\u0627\u0644\u062c\u0646\u064a\u0647 \u0627\u0644\u0625\u0633\u062a\u0631\u0644\u064a\u0646\u064a \u2014 \u0627\u0644\u0645\u0631\u0627\u062c\u0639\u0629 \u0644\u064a\u0648\u0645 \u0627\u0644\u062e\u0645\u064a\u0633 18 \u0633\u0628\u062a\u0645\u0628\u0631 2025<\/strong><\/h2>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0639\u0644\u0649 \u0646\u0637\u0627\u0642 \u0648\u0627\u0633\u0639 \u0623\u0646 \u064a\u0628\u0642\u064a \u0628\u0646\u0643 \u0625\u0646\u062c\u0644\u062a\u0631\u0627 \u0639\u0644\u0649 \u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u062f\u0648\u0646 \u062a\u063a\u064a\u064a\u0631 \u0639\u0646\u062f 4.00%\u060c \u0628\u0639\u062f \u062e\u0641\u0636 \u0623\u063a\u0633\u0637\u0633 \u0627\u0644\u062f\u0642\u064a\u0642 \u0628\u0645\u0642\u062f\u0627\u0631 25 \u0646\u0642\u0637\u0629 \u0623\u0633\u0627\u0633 (\u062a\u0635\u0648\u064a\u062a 5\u20134). \u0645\u0639 \u062a\u0648\u0642\u0641 \u0627\u0644\u0646\u0645\u0648 \u0648\u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0627\u0644\u062a\u0636\u062e\u0645 \u0641\u0648\u0642 \u0627\u0644\u0647\u062f\u0641\u060c \u0645\u0646 \u0627\u0644\u0645\u0631\u062c\u062d \u0623\u0646 \u064a\u0634\u062f\u062f \u0644\u062c\u0646\u0629 \u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0646\u0642\u062f\u064a\u0629 (MPC) \u0639\u0644\u0649 \u0646\u0647\u062c \u064a\u0639\u062a\u0645\u062f \u0639\u0644\u0649 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u062e\u0637\u0648\u0629 \u0628\u062e\u0637\u0648\u0629 \u0628\u062f\u0644\u0627\u064b \u0645\u0646 \u0627\u0644\u0627\u0644\u062a\u0632\u0627\u0645 \u0628\u0645\u0633\u0627\u0631 \u062a\u062e\u0641\u064a\u0641 \u0645\u062d\u062f\u062f.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u062d\u0633\u0627\u0633\u064a\u0629 \u0627\u0644\u0633\u0648\u0642 \u0644\u0645\u0624\u0634\u0631 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643\u064a\u0646 \u0635\u0628\u0627\u062d \u0627\u0644\u0623\u0631\u0628\u0639\u0627\u0621 \u0633\u062a\u0643\u0648\u0646 \u0639\u0627\u0644\u064a\u0629: \u0641\u064a \u062d\u0627\u0644 \u0639\u062f\u0645 \u0648\u062c\u0648\u062f \u062a\u0628\u0627\u0637\u0624 \u0648\u0627\u0636\u062d \u0644\u0644\u062a\u0636\u062e\u0645\u060c \u0641\u0625\u0646 \u0623\u064a \u062e\u0641\u0636 \u0625\u0636\u0627\u0641\u064a \u0633\u064a\u064f\u0637\u0628\u0642 \u0628\u062d\u0630\u0631 \u0645\u0642\u0627\u0628\u0644 \u0627\u0644\u0636\u063a\u0648\u0637 \u0627\u0644\u0633\u0639\u0631\u064a\u0629 \u0627\u0644\u0645\u062d\u0644\u064a\u0629 \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u0629 \u0648\u0627\u0644\u0646\u0645\u0648 \u0627\u0644\u0647\u0634.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0645\u0646 \u0627\u0644\u0646\u0627\u062d\u064a\u0629 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0627\u0644\u0643\u0644\u064a\u0629\u060c \u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a \u0644\u0634\u0647\u0631 \u064a\u0648\u0644\u064a\u0648 \u0643\u0627\u0646 \u062b\u0627\u0628\u062a\u064b\u0627 \u0639\u0644\u0649 \u0627\u0644\u0634\u0647\u0631 (0.0% \u0634\u0647\u0631\u064a\u064b\u0627\u061b +1.4% \u0633\u0646\u0648\u064a\u064b\u0627\u061b 3 \u0623\u0634\u0647\u0631\/3 \u0623\u0634\u0647\u0631 +0.2%)\u060c \u0645\u0627 \u064a\u0634\u064a\u0631 \u0625\u0644\u0649 \u0641\u0642\u062f\u0627\u0646 \u0632\u062e\u0645 \u0648\u0627\u0633\u0639 \u0628\u0639\u062f \u064a\u0648\u0646\u064a\u0648 \u0627\u0644\u0623\u0642\u0648\u0649. \u0642\u0637\u0627\u0639\u064a\u064b\u0627\u060c \u0627\u0631\u062a\u0641\u0639\u062a \u0627\u0644\u062e\u062f\u0645\u0627\u062a 0.1% \u0634\u0647\u0631\u064a\u064b\u0627 (3 \u0623\u0634\u0647\u0631\/3 \u0623\u0634\u0647\u0631 +0.4%)\u060c \u0627\u0644\u0628\u0646\u0627\u0621 0.2% (+2.4% \u0633\u0646\u0648\u064a\u064b\u0627)\u060c \u0628\u064a\u0646\u0645\u0627 \u0627\u0644\u0625\u0646\u062a\u0627\u062c \u0627\u0644\u0635\u0646\u0627\u0639\u064a \u0627\u0646\u062e\u0641\u0636 0.9% \u0634\u0647\u0631\u064a\u064b\u0627 (\u0627\u0644\u062a\u0635\u0646\u064a\u0639 \u22121.3% \u0634\u0647\u0631\u064a\u064b\u0627\u061b +0.2% \u0633\u0646\u0648\u064a\u064b\u0627). \u0639\u0644\u0649 \u062c\u0627\u0646\u0628 \u0627\u0644\u0637\u0644\u0628\u060c \u0645\u0628\u064a\u0639\u0627\u062a \u0627\u0644\u062a\u062c\u0632\u0626\u0629 BRC \u0627\u0631\u062a\u0641\u0639\u062a 2.9% \u0633\u0646\u0648\u064a\u064b\u0627 \u0641\u064a \u0623\u063a\u0633\u0637\u0633\u060c \u0644\u0643\u0646 \u0627\u0644\u0639\u062c\u0632 \u0627\u0644\u062a\u062c\u0627\u0631\u064a \u0628\u0642\u064a \u0648\u0627\u0633\u0639\u064b\u0627 \u0639\u0646\u062f 22.24 \u0645\u0644\u064a\u0627\u0631 \u062c\u0646\u064a\u0647 \u0625\u0633\u062a\u0631\u0644\u064a\u0646\u064a (\u0627\u0644\u0641\u062c\u0648\u0629 \u062e\u0627\u0631\u062c \u0627\u0644\u0627\u062a\u062d\u0627\u062f \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a 10.16 \u0645\u0644\u064a\u0627\u0631 \u062c\u0646\u064a\u0647). \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0631\u062a\u0641\u0639\u062a \u0625\u0644\u0649 3.6% (\u0645\u0646 3.2%). \u0645\u0624\u0634\u0631 NIESR \u0623\u0634\u0627\u0631 \u0625\u0644\u0649 \u0632\u062e\u0645 \u0637\u0641\u064a\u0641 (+0.3% \u0641\u064a \u0623\u063a\u0633\u0637\u0633). \u0646\u0645\u0648 \u0627\u0644\u0623\u062c\u0648\u0631 \u064a\u062a\u0628\u0627\u0637\u0623 \u0644\u0643\u0646\u0647 \u064a\u0628\u0642\u0649 \u0645\u0631\u062a\u0641\u0639\u064b\u0627 \u062a\u0627\u0631\u064a\u062e\u064a\u064b\u0627\u060c \u0645\u0645\u0627 \u064a\u062c\u0639\u0644 \u0627\u0644\u0644\u062c\u0646\u0629 \u062d\u0630\u0631\u0629 \u0645\u0646 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0627\u0644\u0636\u063a\u0648\u0637 \u0627\u0644\u0633\u0639\u0631\u064a\u0629 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629\u060c \u062e\u0627\u0635\u0629 \u0641\u064a \u0627\u0644\u062e\u062f\u0645\u0627\u062a.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u062a\u0648\u0642\u064a\u062a \u0627\u0644\u062a\u0636\u062e\u0645 \u0645\u062d\u0648\u0631\u064a: \u0645\u0624\u0634\u0631\u0627\u062a \u0623\u063a\u0633\u0637\u0633 \u0633\u062a\u0635\u062f\u0631 \u064a\u0648\u0645 \u0627\u0644\u0623\u0631\u0628\u0639\u0627\u0621 17 \u0633\u0628\u062a\u0645\u0628\u0631 \u0627\u0644\u0633\u0627\u0639\u0629 07:00 \u0628\u062a\u0648\u0642\u064a\u062a \u0627\u0644\u0645\u0645\u0644\u0643\u0629 \u0627\u0644\u0645\u062a\u062d\u062f\u0629 \u0642\u0628\u0644 \u0627\u0644\u0642\u0631\u0627\u0631 \u0628\u0633\u0627\u0639\u0627\u062a. \u0627\u0644\u0645\u0641\u0627\u062c\u0623\u0629 \u0627\u0644\u0633\u0644\u0628\u064a\u0629 \u062a\u0639\u0632\u0632 \u0627\u062d\u062a\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u062a\u062e\u0641\u064a\u0641 \u0644\u0627\u062d\u0642\u064b\u0627 \u0647\u0630\u0627 \u0627\u0644\u0639\u0627\u0645\u061b \u0627\u0644\u0645\u0641\u0627\u062c\u0623\u0629 \u0627\u0644\u0625\u064a\u062c\u0627\u0628\u064a\u0629 \u0633\u062a\u0633\u062a\u062f\u0639\u064a \u0627\u0644\u0635\u0628\u0631 \u0648\u0646\u0628\u0631\u0629 \u0623\u0643\u062b\u0631 \u062d\u0630\u0631\u064b\u0627 \u0628\u0634\u0623\u0646 \u0648\u062a\u064a\u0631\u0629 \u0627\u0644\u062a\u062e\u0641\u064a\u0636\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0642\u0628\u0644\u064a\u0629.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0623\u0646 \u062a\u0624\u0643\u062f \u0627\u0644\u0644\u062c\u0646\u0629 \u0641\u064a \u062a\u0648\u062c\u064a\u0647\u0647\u0627 \u0639\u0644\u0649 \u0636\u0639\u0641 \u0627\u0644\u0646\u0634\u0627\u0637 \u0628\u064a\u0646\u0645\u0627 \u062a\u0639\u064a\u062f \u0627\u0644\u062a\u0623\u0643\u064a\u062f \u0639\u0644\u0649 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0623\u062c\u0648\u0631 \u0648\u0627\u0644\u062e\u062f\u0645\u0627\u062a\u061b \u0648\u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u0627\u0644\u0643\u0645\u064a \u0627\u0644\u062d\u0627\u0644\u064a \u0645\u0639 \u0627\u0644\u0645\u0631\u0648\u0646\u0629 \u0625\u0630\u0627 \u0627\u0633\u062a\u062f\u0639\u062a \u0627\u0644\u0633\u064a\u0648\u0644\u0629\u061b \u0648\u062a\u062c\u0646\u0628 \u0627\u0644\u0625\u0634\u0627\u0631\u0629 \u0627\u0644\u0645\u0628\u0643\u0631\u0629 \u0644\u0634\u0647\u0631 \u0623\u0643\u062a\u0648\u0628\u0631\u060c \u0645\u0639 \u0627\u0644\u062a\u0623\u0643\u064a\u062f \u0623\u0646 \u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u062a\u0639\u062a\u0645\u062f \u0639\u0644\u0649 CPI \u0648\u0627\u0644\u0623\u062c\u0648\u0631 \u0648\u0627\u0644\u0646\u0634\u0627\u0637 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u062a\u0623\u062b\u064a\u0631 \u0627\u0644\u0633\u0648\u0642: \u0627\u0633\u062a\u062c\u0627\u0628\u0629 \u0627\u0633\u062a\u062c\u0627\u0628\u0629 \u0645\u062d\u062f\u0648\u062f\u0629 \u0641\u064a \u062d\u0627\u0644 \u062a\u062b\u0628\u064a\u062a \u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0628\u0634\u0643\u0644 \u0645\u062a\u0648\u0627\u0632\u0646.\u061b \u0633\u0646\u062f\u0627\u062a \u0627\u0644\u062c\u064a\u0644\u062a \u064a\u062c\u0628 \u0623\u0646 \u062a\u0628\u0642\u0649 \u0645\u062f\u0639\u0648\u0645\u0629 \u0641\u064a \u0627\u0644\u0637\u0631\u0641 \u0627\u0644\u0623\u0645\u0627\u0645\u064a\u060c \u0648\u0627\u0644\u062c\u0646\u064a\u0647 \u0627\u0644\u0625\u0633\u062a\u0631\u0644\u064a\u0646\u064a \u0645\u0646 \u0627\u0644\u0645\u062d\u062a\u0645\u0644 \u0623\u0646 \u064a\u062a\u062d\u0631\u0643 \u0636\u0645\u0646 \u0646\u0637\u0627\u0642\u060c \u0645\u0639 \u062a\u062d\u062f\u064a\u062f \u0627\u0644\u0627\u062a\u062c\u0627\u0647 \u0628\u0646\u0627\u0621\u064b \u0639\u0644\u0649 \u0645\u0624\u0634\u0631 CPI \u0648\u062a\u0642\u0633\u064a\u0645 \u0627\u0644\u0623\u0635\u0648\u0627\u062a. \u062a\u062b\u0628\u064a\u062a \u062a\u0634\u062f\u062f\u2014\u0628\u0633\u0628\u0628 \u062a\u0636\u062e\u0645 \u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u060c \u0627\u0644\u0623\u062c\u0648\u0631 \u0627\u0644\u0635\u0639\u0628\u0629 \u0623\u0648 \u0642\u0644\u0629 \u0627\u0644\u0623\u0635\u0648\u0627\u062a \u0627\u0644\u0645\u0624\u064a\u062f\u0629 \u0644\u0644\u062a\u062e\u0641\u064a\u0636\u2014\u064a\u0631\u0641\u0639 \u0627\u0644\u062c\u0646\u064a\u0647 \u0648\u064a\u062e\u0641\u0636 \u062a\u0643\u0644\u0641\u0629 \u0627\u0644\u0637\u0631\u0641 \u0627\u0644\u0623\u0645\u0627\u0645\u064a. \u062a\u062b\u0628\u064a\u062a \u062a\u064a\u0633\u064a\u0631\u064a\u2014\u0645\u0639 CPI \u0636\u0639\u064a\u0641 \u0648\u0625\u0634\u0627\u0631\u0627\u062a \u0637\u0644\u0628 \u0623\u0636\u0639\u0641\u2014\u064a\u0639\u0632\u0632 \u062a\u0648\u0642\u0639\u0627\u062a \u062a\u062e\u0641\u064a\u0636 \u0622\u062e\u0631 \u0642\u0628\u0644 \u0646\u0647\u0627\u064a\u0629 \u0627\u0644\u0639\u0627\u0645 \u0648\u064a\u0636\u063a\u0637 \u0639\u0644\u0649 \u0627\u0644\u0639\u0645\u0644\u0629.<\/span><\/p>\n\n\n\n<p>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0646\u064a \u0644\u0644\u062c\u0646\u064a\u0647\/\u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u064a\u0638\u0644 \u0625\u064a\u062c\u0627\u0628\u064a\u064b\u0627 \u0639\u0644\u0649 \u0627\u0644\u0631\u0633\u0645 \u0627\u0644\u064a\u0648\u0645\u064a\u060c \u0645\u0639 RSI ~57. \u0646\u0642\u0637\u0629 \u0645\u062d\u0648\u0631\u064a\u0629 \u0639\u0646\u062f 1.3200. \u0627\u0644\u0645\u0642\u0627\u0648\u0645\u0629 <span class=\"custom-text-align-justify\">\u0627\u0644\u0641\u0648\u0631\u064a\u0629 \u0639\u0646\u062f 1.3360\u060c \u062a\u0644\u064a\u0647\u0627 1.3400\u061b \u0627\u0644\u062f\u0639\u0645 \u0627\u0644\u0645\u0628\u062f\u0626\u064a \u062d\u0648\u0644 1.3200. \u0643\u0633\u0631 \u0645\u0633\u062a\u0645\u0631 \u0641\u0648\u0642 1.3400 \u0642\u062f \u064a\u0633\u062a\u0647\u062f\u0641 \u0645\u0633\u062a\u0648\u064a\u0627\u062a \u0623\u0639\u0644\u0649\u060c \u0628\u064a\u0646\u0645\u0627 \u0627\u0644\u0639\u0648\u062f\u0629 \u0627\u0644\u062d\u0627\u0633\u0645\u0629 \u062f\u0648\u0646 1.3200 \u062a\u0634\u064a\u0631 \u0625\u0644\u0649 \u0627\u062d\u062a\u0645\u0627\u0644 \u062a\u0631\u0627\u062c\u0639 \u0623\u0639\u0645\u0642.<\/span><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"488\" src=\"https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-9-1024x488.png\" alt=\"\" class=\"wp-image-12553\" srcset=\"https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-9-1024x488.png 1024w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-9-300x143.png 300w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-9-768x366.png 768w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-9.png 1430w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-\u0627\u062c\u062a\u0645\u0627\u0639-\u0628\u0646\u0643-\u0627\u0644\u064a\u0627\u0628\u0627\u0646-\u0648\u0627\u0644\u064a\u0646-\u0627\u0644\u064a\u0627\u0628\u0627\u0646\u064a-\u0627\u0644\u0645\u0639\u0627\u064a\u0646\u0629-\u0644\u064a\u0648\u0645-\u0627\u0644\u062c\u0645\u0639\u0629-19-\u0633\u0628\u062a\u0645\u0628\u0631-2025\"><strong>\u0627\u062c\u062a\u0645\u0627\u0639 \u0628\u0646\u0643 \u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u0648\u0627\u0644\u064a\u0646 \u0627\u0644\u064a\u0627\u0628\u0627\u0646\u064a \u2014 \u0627\u0644\u0645\u0639\u0627\u064a\u0646\u0629 \u0644\u064a\u0648\u0645 \u0627\u0644\u062c\u0645\u0639\u0629 19 \u0633\u0628\u062a\u0645\u0628\u0631 2025<\/strong><\/h2>\n\n\n\n<p><span class=\"custom-text-align-justify\"><strong>\u0642\u0631\u0627\u0631 \u0627\u0644\u0633\u064a\u0627\u0633\u0629:<\/strong> \u0646\u062a\u0648\u0642\u0639 \u0623\u0646 \u064a\u0628\u0642\u064a \u0628\u0646\u0643 \u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u0639\u0644\u0649 \u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0642\u0635\u064a\u0631 \u0627\u0644\u0623\u062c\u0644 \u0639\u0646\u062f 0.50%\u060c \u0645\u062a\u0648\u0627\u0641\u0642\u064b\u0627 \u0645\u0639 \u0627\u0644\u0625\u062c\u0645\u0627\u0639.<br>\u0627\u0644\u0642\u0636\u064a\u0629 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0644\u0644\u062a\u0637\u0628\u064a\u0639 \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u2014\u0633\u0648\u0642 \u0639\u0645\u0644 \u0636\u064a\u0642\u060c \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0623\u062c\u0648\u0631\u060c \u0648\u0646\u0645\u0648 GDP \u0645\u0633\u062a\u0642\u0631\u2014\u0645\u0627 \u0632\u0627\u0644\u062a \u0642\u0627\u0626\u0645\u0629\u060c \u0644\u0643\u0646 \u0627\u0644\u062d\u0630\u0631 \u0642\u0635\u064a\u0631 \u0627\u0644\u0623\u062c\u0644 \u0633\u064a\u062f\u0648\u0645.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\"><strong>\u0639\u0644\u0649 \u0627\u0644\u0635\u0639\u064a\u062f \u0627\u0644\u0633\u064a\u0627\u0633\u064a:<\/strong> \u0627\u0633\u062a\u0642\u0627\u0644\u0629 \u0631\u0626\u064a\u0633 \u0627\u0644\u0648\u0632\u0631\u0627\u0621 \u0625\u064a\u0634\u0628\u0627 \u0648\u0645\u0646\u0627\u0641\u0633\u0629 \u0642\u064a\u0627\u062f\u0629 \u0627\u0644\u062d\u0632\u0628 \u0627\u0644\u0644\u064a\u0628\u0631\u0627\u0644\u064a \u0627\u0644\u062f\u064a\u0645\u0642\u0631\u0627\u0637\u064a \u0627\u0644\u0645\u0628\u0643\u0631\u0629 \u0641\u064a \u0623\u0643\u062a\u0648\u0628\u0631 \u062a\u0636\u064a\u0641 \u0641\u062a\u0631\u0629 \u0645\u0646 \u0639\u062f\u0645 \u0627\u0644\u064a\u0642\u064a\u0646 \u0627\u0644\u0633\u064a\u0627\u0633\u064a \u0642\u062f \u062a\u0624\u062b\u0631 \u0639\u0644\u0649 \u0627\u0644\u0623\u0633\u0648\u0627\u0642. \u0639\u0644\u0649 \u0647\u0630\u0627 \u0627\u0644\u0623\u0633\u0627\u0633\u060c \u062a\u0645 \u062a\u0623\u062c\u064a\u0644 \u062a\u0648\u0642\u064a\u062a \u062a\u0648\u0642\u0639\u0627\u062a\u0646\u0627 \u0644\u0644\u0631\u0641\u0639 \u0627\u0644\u0642\u0627\u062f\u0645 \u0644\u0644\u0641\u0627\u0626\u062f\u0629 \u0645\u0646 \u0623\u0643\u062a\u0648\u0628\u0631 \u0625\u0644\u0649 \u0623\u0648\u0627\u0626\u0644 2026. \u0627\u0644\u0645\u0633\u0627\u0631 \u0645\u062a\u0648\u0633\u0637 \u0627\u0644\u0623\u062c\u0644 \u0633\u064a\u0639\u062a\u0645\u062f \u0623\u064a\u0636\u064b\u0627 \u0639\u0644\u0649 \u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646 \u0627\u0644\u0642\u0627\u062f\u0629 \u0627\u0644\u0642\u0627\u062f\u0645\u0648\u0646 \u0633\u064a\u062a\u0628\u0639\u0648\u0646 \u0625\u062c\u0631\u0627\u0621\u0627\u062a \u0645\u0627\u0644\u064a\u0629 \u062a\u0648\u0633\u0639\u064a\u0629. \u0645\u0624\u0634\u0631\u0627\u062a CPI \u0623\u063a\u0633\u0637\u0633\u060c \u0628\u0639\u062f \u062b\u0644\u0627\u062b\u0629 \u0623\u0634\u0647\u0631 \u0645\u0646 \u0627\u0644\u062a\u0628\u0627\u0637\u0624\u060c \u0633\u062a\u064f\u0631\u0627\u0642\u0628 \u0644\u0623\u064a \u0645\u0641\u0627\u062c\u0622\u062a \u0635\u0639\u0648\u062f\u064a\u0629. \u062d\u062a\u0649 \u0648\u0636\u0648\u062d \u0627\u0644\u0648\u0636\u0639 \u0627\u0644\u0633\u064a\u0627\u0633\u064a \u0648\u0627\u0644\u0645\u0627\u0644\u064a\u060c \u0645\u0646 \u0627\u0644\u0645\u0631\u062c\u062d \u0623\u0646 \u064a\u0638\u0644 \u0628\u0646\u0643 \u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u0639\u0644\u0649 \u0627\u0644\u0647\u0627\u0645\u0634\u061b \u0627\u0644\u0627\u0641\u062a\u0631\u0627\u0636 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u0647\u0648 \u0627\u0633\u062a\u0626\u0646\u0627\u0641 \u0627\u0644\u0632\u064a\u0627\u062f\u0627\u062a \u0641\u064a \u064a\u0646\u0627\u064a\u0631 2026\u060c \u0628\u0631\u0641\u0639 \u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0646\u062d\u0648 ~0.75%.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\"><strong>\u0646\u0638\u0631\u0629 \u0639\u0644\u0649 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f:<\/strong> \u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0646\u0634\u0627\u0637 \u0645\u062e\u062a\u0644\u0637\u0629. \u0627\u0644\u0625\u0646\u062a\u0627\u062c \u0627\u0644\u0635\u0646\u0627\u0639\u064a \u0627\u0646\u062e\u0641\u0636 1.2% \u0641\u064a \u064a\u0648\u0644\u064a\u0648 \u0628\u0639\u062f \u0634\u0647\u0631 \u0642\u0648\u064a\u060c \u0648\u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0627\u0644\u0637\u0627\u0642\u0629 \u0627\u0644\u0625\u0646\u062a\u0627\u062c\u064a\u0629 \u062a\u0631\u0627\u062c\u0639 1.1% \u0634\u0647\u0631\u064a\u064b\u0627\u060c \u0648\u0628\u0642\u064a \u062f\u0648\u0646 \u0627\u0644\u0627\u062a\u062c\u0627\u0647. \u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0623\u0642\u0648\u0649\u2014\u0637\u0644\u0628\u0627\u062a \u0627\u0644\u0622\u0644\u0627\u062a \u0627\u0631\u062a\u0641\u0639\u062a 8.1% \u0633\u0646\u0648\u064a\u064b\u0627 \u0641\u064a \u0623\u063a\u0633\u0637\u0633\u2014\u0628\u064a\u0646\u0645\u0627 \u062a\u062d\u0633\u0646 \u0627\u0644\u0645\u0639\u0646\u0648\u064a\u0627\u062a (Reuters Tankan 13 \u0645\u0646 9). \u0627\u0644\u0643\u062a\u0644\u0629 \u0627\u0644\u0646\u0642\u062f\u064a\u0629 \u0623\u0638\u0647\u0631\u062a \u062a\u0648\u0633\u0639\u064b\u0627 \u0645\u0639\u062a\u062f\u0644\u064b\u0627 (M2 +1.3% \u0633\u0646\u0648\u064a\u064b\u0627\u061b M3 \u00a52,219.7 \u062a\u0631\u064a\u0644\u064a\u0648\u0646). \u0641\u064a \u062c\u0627\u0646\u0628 \u0627\u0644\u0639\u0648\u0627\u0626\u062f\u060c \u0645\u0632\u0627\u062f \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0627\u0644\u064a\u0627\u0628\u0627\u0646\u064a\u0629 \u0644\u0623\u062c\u0644 5 \u0633\u0646\u0648\u0627\u062a \u0623\u063a\u0644\u0642 \u0639\u0646\u062f 1.12% (\u0645\u0646 1.06%)\u060c \u0645\u062a\u0648\u0627\u0641\u0642\u064b\u0627 \u0645\u0639 \u0627\u0644\u062a\u062f\u0631\u062c \u0627\u0644\u0628\u0637\u064a\u0621 \u0646\u062d\u0648 \u0627\u0644\u062a\u0637\u0628\u064a\u0639.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\"><strong>\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u064a\u0646:<\/strong> \u062a\u0636\u062e\u0645 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0646\u062a\u062c\u064a\u0646 \u0623\u0639\u0627\u062f \u0627\u0644\u062a\u0633\u0627\u0631\u0639 \u0648\u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u0642\u0631\u064a\u0628\/\u0623\u0639\u0644\u0649 \u0645\u0646 \u0627\u0644\u0647\u062f\u0641\u060c \u0645\u0645\u0627 \u064a\u062d\u0627\u0641\u0638 \u0639\u0644\u0649 \u0645\u064a\u0644 \u0637\u0641\u064a\u0641 \u0644\u0644\u062a\u0634\u062f\u064a\u062f \u0625\u0630\u0627 \u0627\u0633\u062a\u0645\u0631 \u0627\u0644\u0646\u0634\u0627\u0637. \u0645\u0639 \u062a\u0648\u0642\u0639 \u062e\u0641\u0636 \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a\u060c \u064a\u062c\u0628 \u0623\u0646 \u062a\u0636\u064a\u0642 \u0641\u0631\u0648\u0642\u0627\u062a \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0628\u064a\u0646 \u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0627\u0644\u0645\u062a\u062d\u062f\u0629 \u0648\u0627\u0644\u064a\u0627\u0628\u0627\u0646\u2014\u0648\u0647\u0648 \u062a\u0623\u062b\u064a\u0631 \u0625\u064a\u062c\u0627\u0628\u064a \u0644\u0644\u064a\u0646 \u0625\u0630\u0627 \u0644\u0645 \u064a\u0643\u0646 \u062a\u0648\u062c\u064a\u0647 \u0628\u0646\u0643 \u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u0623\u0643\u062b\u0631 \u062a\u064a\u0633\u064a\u0631\u064b\u0627 \u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\"><strong>\u0627\u0644\u0633\u064a\u0646\u0627\u0631\u064a\u0648 \u0627\u0644\u0623\u0633\u0627\u0633\u064a:<\/strong> \u062a\u062b\u0628\u064a\u062a \u0628\u0646\u0643 \u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u0639\u0646\u062f 0.50% \u0645\u0639 \u0625\u0628\u0642\u0627\u0621 \u0627\u0644\u062a\u0637\u0628\u064a\u0639 \u0627\u0644\u062a\u062f\u0631\u064a\u062c\u064a \u0639\u0644\u0649 \u0627\u0644\u0637\u0627\u0648\u0644\u0629\u2014\u062c\u0646\u0628\u064b\u0627 \u0625\u0644\u0649 \u062c\u0646\u0628 \u0645\u0639 \u062e\u0641\u0636 25 \u0646\u0642\u0637\u0629 \u0623\u0633\u0627\u0633 \u0645\u0646 \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0648\u062a\u0648\u062c\u064a\u0647 \u062e\u0637\u0648\u0629 \u0628\u062e\u0637\u0648\u0629\u2014\u064a\u062f\u0639\u0645 \u0627\u0644\u064a\u0646 \u0628\u0634\u0643\u0644 \u0645\u0639\u062a\u062f\u0644 \u0639\u0628\u0631 \u062a\u0636\u064a\u0642 \u0627\u0644\u0641\u0631\u0648\u0642\u0627\u062a \u0648\u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0636\u0645\u0646 \u0646\u0637\u0627\u0642 \u0645\u0627 \u0644\u0645 \u064a\u0635\u0628\u062d \u0628\u0646\u0643 \u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u0623\u0643\u062b\u0631 \u062a\u0634\u062f\u062f\u064b\u0627 \u0623\u0648 \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0623\u0642\u0644 \u062a\u064a\u0633\u064a\u0631\u064b\u0627 \u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\"><strong>\u062a\u062d\u064a\u0632\u0627\u062a \u0627\u0644\u0645\u062e\u0627\u0637\u0631:<\/strong> \u062a\u0631\u0643\u064a\u0632 \u0623\u0642\u0648\u0649 \u0644\u0628\u0646\u0643 \u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u0639\u0644\u0649 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062a\u0636\u062e\u0645\/\u0627\u0644\u0623\u062c\u0648\u0631 \u0623\u0648 \u0628\u064a\u0627\u0646\u0627\u062a \u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0623\u0636\u0639\u0641 \u0633\u064a\u062f\u0641\u0639 USD\/JPY \u0646\u062d\u0648 \u0627\u0644\u0623\u0633\u0641\u0644. \u0627\u0644\u0639\u0643\u0633\u060c \u0646\u0628\u0631\u0629 \u062d\u0630\u0631\u0629 \u0644\u0644\u0628\u0646\u0643 \u0645\u0639 \u0627\u0644\u062a\u0623\u0643\u064a\u062f \u0639\u0644\u0649 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0646\u0645\u0648\u060c \u0628\u064a\u0627\u0646\u0627\u062a \u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0623\u0642\u0648\u0649 \u0623\u0648 \u0623\u0633\u0647\u0645 \u0645\u062d\u0641\u0632\u0629 \u0644\u0644\u0645\u062e\u0627\u0637\u0631 \u0633\u062a\u0631\u0641\u0639 USD\/JPY\u060c \u0645\u0639 \u0627\u062d\u062a\u0645\u0627\u0644\u064a\u0629 \u062a\u062d\u0630\u064a\u0631\u0627\u062a \u0631\u0633\u0645\u064a\u0629 \u0625\u0630\u0627 \u062a\u062d\u0631\u0643 \u0627\u0644\u0633\u0648\u0642 \u0628\u0634\u0643\u0644 \u0641\u0648\u0636\u0648\u064a.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\"><strong>\u0627\u0644\u0635\u0648\u0631\u0629 \u0627\u0644\u0641\u0646\u064a\u0629:<\/strong> \u062d\u0631\u0643\u0629 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0623\u0641\u0642\u064a\u0629 \u0628\u0639\u062f \u0627\u0644\u062a\u0631\u0627\u062c\u0639 \u0645\u0646 \u0642\u0645\u0645 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0627\u0644\u0645\u0628\u0643\u0631\u0629 \u0641\u064a \u0633\u0628\u062a\u0645\u0628\u0631\u060c \u0645\u0639 \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0632\u0648\u062c \u0628\u064a\u0646 146.50\u2013149.00. \u0627\u0644\u0645\u0642\u0627\u0648\u0645\u0629 \u0627\u0644\u0642\u0631\u064a\u0628\u0629 \u0639\u0646\u062f 149.00 \u0648\u0627\u0644\u062f\u0639\u0645 \u0627\u0644\u0645\u0628\u062f\u0626\u064a \u0639\u0646\u062f 146.50\u061b \u0643\u0633\u0631 \u0645\u0633\u062a\u0645\u0631 \u0644\u0623\u064a \u062c\u0627\u0646\u0628 \u064a\u062d\u062f\u062f \u0628\u0648\u0636\u0648\u062d \u0627\u0644\u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u0642\u0627\u062f\u0645. \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0645\u0636\u0627\u0631\u0628\u064a\u0629 \u0645\u0631\u062a\u0641\u0639\u0629\u060c \u0645\u0645\u0627 \u064a\u062a\u0631\u0643 \u0645\u062c\u0627\u0644\u064b\u0627 \u0644\u062a\u0642\u0644\u0628\u0627\u062a \u062b\u0646\u0627\u0626\u064a\u0629 \u062d\u0648\u0644 \u0623\u062e\u0628\u0627\u0631 BoJ \u0648FOMC.<\/span><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"490\" src=\"https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-7-1024x490.png\" alt=\"\" class=\"wp-image-12551\" srcset=\"https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-7-1024x490.png 1024w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-7-300x144.png 300w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-7-768x367.png 768w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-7.png 1432w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-\u0627\u0644\u0630\u0647\u0628-\u0627\u0644\u0648\u0636\u0639-\u0627\u0644\u062d\u0627\u0644\u064a-\u0648\u062a\u0648\u0642\u0639\u0627\u062a-\u0627\u0644\u0623\u0633\u0628\u0648\u0639-\u0627\u0644\u0645\u0642\u0628\u0644\"><strong>\u0627\u0644\u0630\u0647\u0628 \u2014 \u0627\u0644\u0648\u0636\u0639 \u0627\u0644\u062d\u0627\u0644\u064a \u0648\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u0645\u0642\u0628\u0644<\/strong><\/h2>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u064a\u0642\u0641 \u0627\u0644\u0630\u0647\u0628 \u0627\u0644\u0641\u0648\u0631\u064a \u0642\u0631\u0628 \u0645\u0633\u062a\u0648\u064a\u0627\u062a \u0642\u064a\u0627\u0633\u064a\u0629 \u0628\u0639\u062f \u062a\u0633\u062c\u064a\u0644\u0647 \u0645\u0633\u062a\u0648\u0649 \u0642\u064a\u0627\u0633\u064a \u062c\u062f\u064a\u062f \u0639\u0646\u062f \u0646\u062d\u0648 3,674 \u062f\u0648\u0644\u0627\u0631 \u0644\u0644\u0623\u0648\u0642\u064a\u0629 \u0641\u064a \u0648\u0642\u062a \u0633\u0627\u0628\u0642 \u0645\u0646 \u0627\u0644\u0623\u0633\u0628\u0648\u0639. \u0623\u0646\u0647\u0649 \u064a\u0648\u0645 \u0627\u0644\u062c\u0645\u0639\u0629 \u0639\u0646\u062f \u062d\u0648\u0627\u0644\u064a 3,649 \u062f\u0648\u0644\u0627\u0631 \u0644\u0644\u0623\u0648\u0642\u064a\u0629\u060c \u0645\u0631\u062a\u0641\u0639\u064b\u0627 \u0646\u062d\u0648 1.7% \u062e\u0644\u0627\u0644 \u0627\u0644\u0623\u0633\u0628\u0648\u0639\u060c \u0645\u062f\u0639\u0648\u0645\u064b\u0627 \u0628\u0628\u064a\u0627\u0646\u0627\u062a \u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0623\u0636\u0639\u0641 \u0648\u062a\u0648\u0642\u0639\u0627\u062a \u0642\u0648\u064a\u0629 \u0628\u062e\u0641\u0636 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0645\u0646 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0642\u0631\u064a\u0628\u064b\u0627. \u0645\u0639 \u062f\u062e\u0648\u0644 \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u062c\u062f\u064a\u062f\u060c \u064a\u0638\u0644 \u0627\u0644\u062a\u0648\u062c\u0647 \u0628\u0646\u0651\u0627\u0621\u064b: \u0627\u0644\u0631\u0647\u0627\u0646\u0627\u062a \u0639\u0644\u0649 \u0627\u0644\u062a\u064a\u0633\u064a\u0631\u060c \u062e\u0644\u0641\u064a\u0629 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0627\u0644\u0645\u0639\u062a\u062f\u0644\u0629\u060c \u0648\u0627\u0644\u062a\u062f\u0641\u0642\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u0629 \u0645\u0646 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u062a\u062f\u0639\u0645 \u0623\u064a \u062a\u0631\u0627\u062c\u0639. \u0627\u0644\u0633\u064a\u0646\u0627\u0631\u064a\u0648 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u064a\u062a\u0648\u0642\u0639 \u062a\u062d\u0631\u0643 \u0627\u0644\u0630\u0647\u0628 \u0639\u0631\u0636\u064a\u064b\u0627 \u0625\u0644\u0649 \u0623\u0639\u0644\u0649 \u0645\u0639 \u0645\u064a\u0648\u0644 \u0635\u0627\u0639\u062f\u0629 \u0625\u0630\u0627 \u0623\u0643\u062f \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0645\u0633\u0627\u0631 \u062e\u0641\u0636 \u062a\u062f\u0631\u064a\u062c\u064a \u062e\u0637\u0648\u0629 \u0628\u062e\u0637\u0648\u0629. \u0623\u064a \u0628\u064a\u0627\u0646\u0627\u062a \u0623\u0642\u0648\u0649 \u0623\u0648 \u0645\u0624\u062a\u0645\u0631 \u0635\u062d\u0641\u064a \u0623\u0643\u062b\u0631 \u062a\u0634\u062f\u062f\u064b\u0627 \u0642\u062f \u064a\u0624\u062f\u064a \u0625\u0644\u0649 \u062a\u0635\u062d\u064a\u062d \u062a\u0643\u062a\u064a\u0643\u064a \u062f\u0648\u0646 \u062a\u063a\u064a\u064a\u0631 \u0627\u0644\u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u0639\u0627\u0645\u060c \u0625\u0644\u0627 \u0625\u0630\u0627 \u0623\u0639\u0627\u062f\u062a \u0627\u0644\u0646\u0642\u0627\u0634 \u062d\u0648\u0644 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u062d\u0642\u064a\u0642\u064a\u0629 \u0627\u0644\u0623\u0639\u0644\u0649 \u0625\u0644\u0649 \u0627\u0644\u0648\u0627\u062c\u0647\u0629.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0627\u0644\u062a\u062f\u0641\u0642\u0627\u062a \u0648\u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0645\u062a\u0648\u0627\u0641\u0642\u0629 \u0645\u0639 \u0627\u0644\u0635\u0639\u0648\u062f. \u0633\u062c\u0644\u062a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 (ETF) \u0635\u0627\u0641\u064a \u062a\u062f\u0641\u0642\u0627\u062a \u062f\u062e\u0648\u0644 \u0644\u0644\u0634\u0647\u0631 \u0627\u0644\u062b\u0627\u0644\u062b \u0639\u0644\u0649 \u0627\u0644\u062a\u0648\u0627\u0644\u064a \u0641\u064a \u0623\u063a\u0633\u0637\u0633\u060c \u0628\u0642\u064a\u0627\u062f\u0629 \u0623\u0645\u0631\u064a\u0643\u0627 \u0627\u0644\u0634\u0645\u0627\u0644\u064a\u0629 \u0648\u0623\u0648\u0631\u0648\u0628\u0627\u060c \u0628\u064a\u0646\u0645\u0627 \u0632\u0627\u062f\u062a \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0637\u0648\u064a\u0644\u0629 \u0627\u0644\u0645\u0636\u0627\u0631\u0628\u064a\u0629 \u0641\u064a COMEX \u062e\u0644\u0627\u0644 \u0627\u0644\u0623\u0633\u0627\u0628\u064a\u0639 \u0627\u0644\u0623\u062e\u064a\u0631\u0629. \u0648\u0642\u062f \u0631\u0641\u0639\u062a \u0628\u0639\u0636 \u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0633\u0648\u0642\u064a\u0629 \u0627\u0644\u0645\u0633\u062a\u0647\u062f\u0641\u0629 \u0623\u064a\u0636\u064b\u0627\u060c \u062d\u064a\u062b \u062a\u062a\u0648\u0642\u0639 \u0625\u062d\u062f\u0649 \u0627\u0644\u0645\u0624\u0633\u0633\u0627\u062a \u0627\u0644\u0643\u0628\u0631\u0649 \u0648\u0635\u0648\u0644 \u0627\u0644\u0633\u0639\u0631 \u0625\u0644\u0649 3,800 \u062f\u0648\u0644\u0627\u0631 \u0644\u0644\u0623\u0648\u0642\u064a\u0629 \u0628\u062d\u0644\u0648\u0644 \u0646\u0647\u0627\u064a\u0629 2025.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0647\u0630\u0627 \u0623\u0633\u0628\u0648\u0639 \u0645\u0644\u064a\u0621 \u0628\u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0648\u0642\u0631\u0627\u0631\u0627\u062a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a: \u0645\u0628\u064a\u0639\u0627\u062a \u0627\u0644\u062a\u062c\u0632\u0626\u0629 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 (\u0627\u0644\u062b\u0644\u0627\u062b\u0627\u0621)\u060c \u0628\u062f\u0627\u064a\u0627\u062a \u0648\u062a\u0635\u0627\u0631\u064a\u062d \u0627\u0644\u0625\u0633\u0643\u0627\u0646 (\u0627\u0644\u0623\u0631\u0628\u0639\u0627\u0621)\u060c \u0648\u0642\u0631\u0627\u0631 \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0648\u0645\u062e\u0637\u0637 \u0627\u0644\u0646\u0642\u0627\u0637 (\u0627\u0644\u0623\u0631\u0628\u0639\u0627\u0621). \u0627\u0644\u0633\u064a\u0646\u0627\u0631\u064a\u0648 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u064a\u062a\u0648\u0642\u0639 \u062e\u0641\u0636\u064b\u0627 \u0642\u062f\u0631\u0647 25 \u0646\u0642\u0637\u0629 \u0623\u0633\u0627\u0633 \u0645\u0635\u062d\u0648\u0628\u064b\u0627 \u0628\u062a\u0648\u062c\u064a\u0647 \u062e\u0637\u0648\u0629 \u0628\u062e\u0637\u0648\u0629. \u0627\u0644\u062a\u0641\u0627\u0639\u0644 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\u062f\u0648\u0644\u0627\u0631.<\/span><br><span class=\"custom-text-align-justify\">\u0623\u0645\u0627 \u0641\u064a \u062d\u0627\u0644 \u0635\u062f\u0648\u0631 \u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0642\u0648\u064a\u0629 \u0623\u0648 \u0638\u0647\u0648\u0631 \u0645\u0624\u0634\u0631\u0627\u062a \u0639\u0644\u0649 \u0645\u064a\u0644 \u0646\u062d\u0648 \u0627\u0644\u062a\u0634\u062f\u062f\u060c \u0641\u0642\u062f \u062a\u0631\u062a\u0641\u0639 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0642\u0635\u064a\u0631\u0629 \u0627\u0644\u0623\u062c\u0644 \u0648\u0627\u0644\u062f\u0648\u0644\u0627\u0631\u060c \u0645\u0645\u0627 \u0642\u062f \u064a\u062f\u0641\u0639 \u0627\u0644\u0630\u0647\u0628 \u0644\u0644\u062a\u0631\u0627\u062c\u0639 \u0646\u062d\u0648 \u0645\u0633\u062a\u0648\u064a\u0627\u062a 3,520\u20133,550 \u062f\u0648\u0644\u0627\u0631.<\/span><br><span class=\"custom-text-align-justify\">\u0641\u064a \u0638\u0644 \u0645\u062c\u0645\u0648\u0639\u0629 \u0628\u064a\u0627\u0646\u0627\u062a \u0645\u062e\u062a\u0644\u0637\u0629 \u0648\u0646\u0647\u062c \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0627\u0644\u0642\u0627\u0626\u0645 \u0639\u0644\u0649 &#8220;\u0627\u0644\u0627\u0646\u062a\u0638\u0627\u0631 \u0648\u0627\u0644\u062a\u0642\u064a\u064a\u0645&#8221;\u060c \u064a\u0628\u062f\u0648 \u0623\u0646 \u0627\u0644\u0630\u0647\u0628 \u0633\u064a\u0633\u062a\u0645\u0631 \u0641\u064a \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0636\u0645\u0646 \u0646\u0637\u0627\u0642 3,570\u20133,670 \u062f\u0648\u0644\u0627\u0631.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0645\u0646 \u0627\u0644\u0646\u0627\u062d\u064a\u0629 \u0627\u0644\u0641\u0646\u064a\u0629\u060c \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u0645\u0642\u0627\u0648\u0645\u0629 \u0627\u0644\u0641\u0648\u0631\u064a\u0629 \u0639\u0646\u062f 3,670\u20133,700 \u062f\u0648\u0644\u0627\u0631 (\u0627\u0644\u0645\u0633\u062a\u0648\u0649 \u0627\u0644\u0642\u064a\u0627\u0633\u064a). \u0627\u0644\u062f\u0639\u0645 \u0627\u0644\u0623\u0648\u0644\u064a \u0639\u0646\u062f 3,550 \u062f\u0648\u0644\u0627\u0631 (\u0645\u0646\u0635\u0629 \u0627\u062e\u062a\u0631\u0627\u0642 \u062d\u062f\u064a\u062b\u0629)\u060c 3,520 \u062f\u0648\u0644\u0627\u0631 (~20 \u064a\u0648\u0645 \u0645\u062a\u0648\u0633\u0637 \u0645\u062a\u062d\u0631\u0643)\u060c \u062b\u0645 3,500 \u062f\u0648\u0644\u0627\u0631\u061b \u0648\u0643\u0633\u0631 \u062d\u0627\u0633\u0645 \u0623\u062f\u0646\u0649 \u0647\u0630\u0647 \u0627\u0644\u0645\u0633\u062a\u0648\u064a\u0627\u062a \u0642\u062f \u064a\u0641\u062a\u062d \u0627\u0644\u0637\u0631\u064a\u0642 \u0646\u062d\u0648 3,450 \u062f\u0648\u0644\u0627\u0631. \u0628\u0634\u0643\u0644 \u0639\u0627\u0645\u060c \u0627\u0644\u062a\u0648\u0627\u0632\u0646 \u064a\u0645\u064a\u0644 \u0646\u062d\u0648 \u0627\u0644\u0635\u0639\u0648\u062f \u0637\u0627\u0644\u0645\u0627 \u0628\u0642\u064a\u062a \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u062d\u0642\u064a\u0642\u064a\u0629 \u0648\u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u062a\u062d\u062a \u0627\u0644\u0633\u064a\u0637\u0631\u0629 \u0648\u0627\u0633\u062a\u0645\u0631\u062a \u0627\u0644\u062a\u062f\u0641\u0642\u0627\u062a.<\/span><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"489\" src=\"https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-8-1024x489.png\" alt=\"\" class=\"wp-image-12552\" srcset=\"https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-8-1024x489.png 1024w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-8-300x143.png 300w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-8-768x367.png 768w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-8.png 1430w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-wti-\u0627\u0644\u0648\u0636\u0639-\u0627\u0644\u062d\u0627\u0644\u064a-\u0648\u0622\u0641\u0627\u0642-\u0627\u0644\u0623\u0633\u0628\u0648\u0639-\u0627\u0644\u0642\u0627\u062f\u0645\"><strong>WTI \u2014 \u0627\u0644\u0648\u0636\u0639 \u0627\u0644\u062d\u0627\u0644\u064a \u0648\u0622\u0641\u0627\u0642 \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u0642\u0627\u062f\u0645<\/strong><\/h2>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0623\u063a\u0644\u0642 \u0639\u0642\u062f \u062e\u0627\u0645 \u063a\u0631\u0628 \u062a\u0643\u0633\u0627\u0633 \u0627\u0644\u0648\u0633\u064a\u0637 \u0644\u0644\u0634\u0647\u0631 \u0627\u0644\u0623\u0642\u0631\u0628 \u0627\u0633\u062a\u062d\u0642\u0627\u0642\u064b\u0627 \u0642\u0631\u0628 <strong>62.70 \u062f\u0648\u0644\u0627\u0631\/\u0628\u0631\u0645\u064a\u0644<\/strong> \u064a\u0648\u0645 \u0627\u0644\u062c\u0645\u0639\u0629 (12 \u0633\u0628\u062a\u0645\u0628\u0631) \u0628\u0639\u062f \u0623\u0633\u0628\u0648\u0639 \u0645\u062a\u0642\u0644\u0628 \u062a\u0623\u062b\u0631 \u0628\u0639\u0646\u0627\u0648\u064a\u0646 \u0641\u0627\u0626\u0636 \u0627\u0644\u0625\u0645\u062f\u0627\u062f\u0627\u062a \u0648\u0636\u0639\u0641 \u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0637\u0644\u0628 \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a. \u062e\u0627\u0645 \u0628\u0631\u0646\u062a \u0623\u0646\u0647\u0649 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u062d\u0648\u0644 <strong>67 \u062f\u0648\u0644\u0627\u0631\/\u0628\u0631\u0645\u064a\u0644<\/strong>. \u0627\u0644\u0636\u063a\u0648\u0637 \u062a\u0639\u0643\u0633 \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0645\u062e\u0632\u0648\u0646\u0627\u062a \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u0648\u062a\u0648\u0633\u0639 \u0631\u0648\u0627\u064a\u0629 \u0627\u0644\u0641\u0627\u0626\u0636 \u0627\u0644\u0639\u0627\u0644\u0645\u064a. \u0628\u0627\u0644\u0646\u0638\u0631 \u0644\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u0642\u0627\u062f\u0645 \u0648\u0645\u0639 \u062a\u0631\u0642\u0628 \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0648\u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629\u060c \u0627\u0644\u0633\u064a\u0646\u0627\u0631\u064a\u0648 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u0647\u0648 \u062a\u062f\u0627\u0648\u0644 \u062c\u0627\u0646\u0628\u064a \u0628\u064a\u0646 <strong>61\u201364 \u062f\u0648\u0644\u0627\u0631<\/strong>. \u062e\u0641\u0636 dovish \u0645\u0639 \u0628\u064a\u0627\u0646\u0627\u062a \u0623\u0636\u0639\u0641 \u0642\u062f \u064a\u0631\u0641\u0639 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0646\u062d\u0648 <strong>64\u201365<\/strong>\u060c \u0628\u064a\u0646\u0645\u0627 \u0645\u0641\u0627\u062c\u0623\u0629 \u0645\u062a\u0634\u062f\u062f\u0629 \u0623\u0648 \u0628\u064a\u0627\u0646\u0627\u062a \u0623\u0642\u0648\u0649 \u0642\u062f \u062a\u0643\u0634\u0641 \u062f\u0639\u0645 <strong>60\u201361<\/strong>.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-\u0646\u0638\u0631\u0629-\u0639\u0627\u0645\u0629-\u0639\u0644\u0649-\u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0627\u062a\"><strong>\u0646\u0638\u0631\u0629 \u0639\u0627\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0627\u062a<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u0627\u0644\u0645\u062e\u0632\u0648\u0646\u0627\u062a \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629:<\/strong> \u0628\u064a\u0627\u0646\u0627\u062a EIA \u0627\u0644\u0623\u0633\u0628\u0648\u0639\u064a\u0629 (\u0644\u063a\u0627\u064a\u0629 5 \u0633\u0628\u062a\u0645\u0628\u0631) \u0623\u0638\u0647\u0631\u062a +3.9 \u0645\u0644\u064a\u0648\u0646 \u0628\u0631\u0645\u064a\u0644 \u062e\u0627\u0645 \u0648+1.5 \u0645\u0644\u064a\u0648\u0646 \u0628\u0631\u0645\u064a\u0644 \u0628\u0646\u0632\u064a\u0646. \u0645\u0639\u062f\u0644 \u062a\u0634\u063a\u064a\u0644 \u0627\u0644\u0645\u0635\u0627\u0641\u064a \u062a\u0631\u0627\u062c\u0639 \u0625\u0644\u0649 ~94.9%\u060c \u0645\u0627 \u064a\u0639\u0643\u0633 \u0641\u062a\u0648\u0631 \u0645\u0648\u0633\u0645\u064a \u0628\u0627\u0644\u0637\u0644\u0628.<\/li>\n\n\n\n<li><strong>\u062a\u0642\u062f\u064a\u0631\u0627\u062a \u0627\u0644\u0648\u0643\u0627\u0644\u0627\u062a:<\/strong><strong><br><\/strong><strong>EIA (\u0633\u0628\u062a\u0645\u0628\u0631):<\/strong> \u062a\u062a\u0648\u0642\u0639 \u0632\u064a\u0627\u062f\u0627\u062a \u0643\u0628\u064a\u0631\u0629 \u0628\u0627\u0644\u0645\u062e\u0632\u0648\u0646\u0627\u062a (>2 \u0645\u0644\u064a\u0648\u0646 \u0628\u0631\u0645\u064a\u0644\/\u064a\u0648\u0645) \u0628\u064a\u0646 3Q25\u20131Q26\u060c \u0645\u0639 \u0628\u0631\u0646\u062a ~59 \u062f\u0648\u0644\u0627\u0631 \u0641\u064a 4Q25 \u0648\u0645\u062a\u062c\u0647 \u0646\u062d\u0648 ~50 \u062f\u0648\u0644\u0627\u0631 \u0628\u0628\u062f\u0627\u064a\u0629 2026 \u0645\u0639 \u0627\u0631\u062a\u0641\u0627\u0639 \u0625\u0645\u062f\u0627\u062f\u0627\u062a \u0623\u0648\u0628\u0643+.\n<ul class=\"wp-block-list\">\n<li><strong>IEA (\u0633\u0628\u062a\u0645\u0628\u0631):<\/strong> \u062a\u062a\u0648\u0642\u0639 \u0646\u0645\u0648 \u0627\u0644\u0625\u0645\u062f\u0627\u062f\u0627\u062a (+2.7 \u0645\u0644\u064a\u0648\u0646 \u0628\u0631\u0645\u064a\u0644\/\u064a\u0648\u0645 \u0641\u064a 2025) \u064a\u062a\u062c\u0627\u0648\u0632 \u0646\u0645\u0648 \u0627\u0644\u0637\u0644\u0628 (~+0.74 \u0645\u0644\u064a\u0648\u0646 \u0628\u0631\u0645\u064a\u0644\/\u064a\u0648\u0645)\u060c \u0645\u062d\u0630\u0631\u0629 \u0645\u0646 \u0632\u064a\u0627\u062f\u0627\u062a \u0645\u062e\u0632\u0648\u0646\u0627\u062a ~2.5 \u0645\u0644\u064a\u0648\u0646 \u0628\u0631\u0645\u064a\u0644\/\u064a\u0648\u0645 \u0641\u064a \u0627\u0644\u0646\u0635\u0641 \u0627\u0644\u062b\u0627\u0646\u064a 2025 \u0625\u0630\u0627 \u0627\u0633\u062a\u0645\u0631 \u0627\u0644\u0648\u0636\u0639.<\/li>\n\n\n\n<li><strong>OPEC (\u0633\u0628\u062a\u0645\u0628\u0631):<\/strong> \u0623\u0643\u062b\u0631 \u062a\u0641\u0627\u0624\u0644\u0627\u064b \u0639\u0644\u0649 \u0627\u0644\u0637\u0644\u0628 (+1.3 \u0645\u0644\u064a\u0648\u0646 \u0628\u0631\u0645\u064a\u0644\/\u064a\u0648\u0645 \u0641\u064a 2025\u061b +1.4 \u0641\u064a 2026) \u0644\u0643\u0646\u0647\u0627 \u0623\u0634\u0627\u0631\u062a \u0644\u0627\u0646\u062e\u0641\u0627\u0636 ORB \u0628\u06401.24 \u062f\u0648\u0644\u0627\u0631 \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0634\u0647\u0631\u064a \u0625\u0644\u0649 69.73 \u062f\u0648\u0644\u0627\u0631 \u0641\u064a \u0623\u063a\u0633\u0637\u0633.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>\u0627\u0644\u062e\u0644\u0627\u0635\u0629:<\/strong> EIA\/IEA \u064a\u0631\u0643\u0632\u0627\u0646 \u0639\u0644\u0649 \u0641\u0627\u0626\u0636 \u0648\u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u062e\u0632\u0648\u0646\u0627\u062a\u060c \u0628\u064a\u0646\u0645\u0627 \u0623\u0648\u0628\u0643 \u0645\u062a\u0641\u0627\u0626\u0644\u0629 \u0628\u0627\u0644\u0637\u0644\u0628 \u0644\u0643\u0646\u0647\u0627 \u062a\u0642\u0631 \u0628\u062a\u0631\u0627\u062c\u0639 \u0627\u0644\u0623\u0633\u0639\u0627\u0631. \u0623\u064a \u0627\u0631\u062a\u0641\u0627\u0639 \u0628\u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0633\u064a\u0638\u0644 \u0647\u0634 \u0645\u0627 \u0644\u0645 \u064a\u062a\u062d\u0633\u0646 \u0627\u0644\u0627\u0646\u0636\u0628\u0627\u0637 \u0628\u0627\u0644\u0625\u0645\u062f\u0627\u062f\u0627\u062a \u0623\u0648 \u064a\u062a\u0641\u0627\u062c\u0623 \u0627\u0644\u0637\u0644\u0628 \u0628\u0627\u0644\u0625\u064a\u062c\u0627\u0628\u064a\u0629.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-\u0633\u064a\u0646\u0627\u0631\u064a\u0648\u0647\u0627\u062a-\u0627\u0644\u0623\u0633\u0628\u0648\u0639-\u0627\u0644\u0642\u0627\u062f\u0645\"><strong>\u0633\u064a\u0646\u0627\u0631\u064a\u0648\u0647\u0627\u062a \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u0642\u0627\u062f\u0645<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u0635\u0639\u0648\u062f\u064a:<\/strong> \u0628\u064a\u0627\u0646\u0627\u062a \u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u0623\u0636\u0639\u0641 + \u062e\u0641\u0636 \u0641\u064a\u062f\u0631\u0627\u0644\u064a 25 \u0646\u0642\u0637\u0629 \u0623\u0633\u0627\u0633 \u0645\u0639 \u0644\u0647\u062c\u0629 dovish \u2192 \u0636\u0639\u0641 \u0627\u0644\u062f\u0648\u0644\u0627\u0631\/\u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u062d\u0642\u064a\u0642\u064a\u0629 \u2192 \u0645\u062d\u0627\u0648\u0644\u0629 \u0644\u0627\u062e\u062a\u0628\u0627\u0631 64\u201365 \u062f\u0648\u0644\u0627\u0631.<\/li>\n\n\n\n<li><strong>\u0623\u0633\u0627\u0633\u064a (\u062a\u062f\u0627\u0648\u0644 \u062c\u0627\u0646\u0628\u064a):<\/strong> \u0628\u064a\u0627\u0646\u0627\u062a \u0645\u062e\u062a\u0644\u0637\u0629 + \u0646\u0628\u0631\u0629 &#8220;\u0627\u062c\u062a\u0645\u0627\u0639\u2013\u0628\u0627\u062c\u062a\u0645\u0627\u0639&#8221; \u0645\u0646 \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0645\u0639 \u062a\u0631\u0627\u062c\u0639 \u0645\u0648\u0633\u0645\u064a \u0641\u064a \u062a\u0634\u063a\u064a\u0644 \u0627\u0644\u0645\u0635\u0627\u0641\u064a \u2192 \u0646\u0637\u0627\u0642 61\u201364 \u062f\u0648\u0644\u0627\u0631.<\/li>\n\n\n\n<li><strong>\u0647\u0628\u0648\u0637\u064a (\u062a\u0643\u062a\u064a\u0643\u064a):<\/strong> \u0628\u064a\u0627\u0646\u0627\u062a \u0642\u0648\u064a\u0629 \u0623\u0648 \u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0645\u062a\u0634\u062f\u062f \u2192 \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u062f\u0648\u0644\u0627\u0631\/\u0639\u0648\u0627\u0626\u062f \u0642\u0635\u064a\u0631\u0629 \u0627\u0644\u0623\u062c\u0644 + \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0628\u0646\u0627\u0621 \u0627\u0644\u0645\u062e\u0632\u0648\u0646\u0627\u062a \u2192 \u0627\u062e\u062a\u0628\u0627\u0631 60\u201361 \u062f\u0648\u0644\u0627\u0631.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0646\u064a (\u062e\u0627\u0645 \u063a\u0631\u0628 \u062a\u0643\u0633\u0627\u0633 \u0627\u0644\u0648\u0633\u064a\u0637)<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u0627\u0644\u0627\u062a\u062c\u0627\u0647:<\/strong> \u0647\u0628\u0648\u0637 \u0642\u0635\u064a\u0631 \u0627\u0644\u0645\u062f\u0649 \u0645\u0646 \u0642\u0645\u0645 \u0623\u0648\u0627\u062e\u0631 \u0623\u063a\u0633\u0637\u0633\u060c \u0627\u0644\u0632\u062e\u0645 \u0645\u0633\u062a\u0642\u0631 \u0642\u0631\u0628 \u0627\u0644\u062f\u0639\u0648\u0645.<\/li>\n\n\n\n<li><strong>\u0627\u0644\u0645\u0642\u0627\u0648\u0645\u0629:<\/strong> 63.80 (\u0642\u0645\u0629 \u062f\u0627\u062e\u0644\u064a\u0629 \u0623\u062e\u064a\u0631\u0629)\u060c \u062b\u0645 65.70 (\u0642\u0645\u0629 \u0623\u0648\u0627\u0626\u0644 \u0633\u0628\u062a\u0645\u0628\u0631).<\/li>\n\n\n\n<li><strong>\u0627\u0644\u062f\u0639\u0645:<\/strong> 61.55 (\u0642\u0627\u0639 \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u0645\u0627\u0636\u064a)\u060c \u062b\u0645 60.00 (\u062f\u0639\u0645 \u0646\u0641\u0633\u064a).<\/li>\n\n\n\n<li><strong>\u0627\u0644\u0627\u0646\u062d\u064a\u0627\u0632:<\/strong> \u0646\u0637\u0627\u0642 \u0625\u0644\u0649 \u0647\u0627\u0628\u0637 \u0642\u0644\u064a\u0644\u064b\u0627 \u0645\u0627 \u0644\u0645 \u064a\u062e\u062a\u0631\u0642 \u0627\u0644\u0633\u0639\u0631 63.80\u061b \u0625\u063a\u0644\u0627\u0642 \u064a\u0648\u0645\u064a \u0623\u0639\u0644\u0649 65.70 \u064a\u064f\u0628\u0637\u0644 \u0627\u0644\u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u0647\u0627\u0628\u0637 \u0648\u064a\u0641\u062a\u062d 67\u201368.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-\u0627\u0644\u062a\u0637\u0648\u0631\u0627\u062a-\u0627\u0644\u062c\u064a\u0648\u0633\u064a\u0627\u0633\u064a\u0629\"><strong>\u0627\u0644\u062a\u0637\u0648\u0631\u0627\u062a \u0627\u0644\u062c\u064a\u0648\u0633\u064a\u0627\u0633\u064a\u0629<\/strong><\/h3>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0627\u0644\u0623\u062e\u0628\u0627\u0631 \u0627\u0644\u0645\u062a\u0639\u0644\u0642\u0629 \u0628\u0627\u0644\u0639\u0642\u0648\u0628\u0627\u062a \u0648\u0627\u0644\u0627\u0636\u0637\u0631\u0627\u0628\u0627\u062a \u0627\u0644\u0645\u0624\u0642\u062a\u0629 \u0642\u062f \u062a\u062f\u0641\u0639 \u0625\u0644\u0649 \u0627\u0631\u062a\u0641\u0627\u0639\u0627\u062a \u0642\u0635\u064a\u0631\u0629 \u0627\u0644\u0623\u062c\u0644\u060c \u0644\u0643\u0646\u0647\u0627 \u062d\u062a\u0649 \u0627\u0644\u0622\u0646 \u0644\u0645 \u062a\u063a\u064a\u0651\u0631 \u0645\u0646 \u0631\u0648\u0627\u064a\u0629 \u0627\u0644\u0641\u0627\u0626\u0636 \u0627\u0644\u0645\u0633\u064a\u0637\u0631\u0629.<\/span><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"488\" src=\"https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-10-1024x488.png\" alt=\"\" class=\"wp-image-12554\" srcset=\"https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-10-1024x488.png 1024w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-10-300x143.png 300w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-10-768x366.png 768w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-10.png 1429w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-\u0633\u0648\u0642-\u0627\u0644\u0643\u0631\u064a\u0628\u062a\u0648-\u0627\u0644\u0648\u0636\u0639-\u0627\u0644\u062d\u0627\u0644\u064a-\u0648\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a-\u0644\u0644\u0623\u0633\u0628\u0648\u0639-\u0627\u0644\u0645\u0642\u0628\u0644\">\u0633\u0648\u0642 \u0627\u0644\u0643\u0631\u064a\u0628\u062a\u0648 \u2014 \u0627\u0644\u0648\u0636\u0639 \u0627\u0644\u062d\u0627\u0644\u064a \u0648\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0644\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u0645\u0642\u0628\u0644<\/h2>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0645\u0639 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u062a\u062f\u0641\u0642\u0627\u062a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a (ETF) \u0628\u0642\u0648\u0629\u060c \u0648\u0627\u0631\u062a\u0641\u0627\u0639 \u0647\u064a\u0645\u0646\u0629 \u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646\u060c \u0648\u0627\u062d\u062a\u0645\u0627\u0644\u064a\u0629 \u0642\u064a\u0627\u0645 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0628\u062e\u0641\u0636 \u0627\u0644\u0641\u0627\u0626\u062f\u0629\u060c \u064a\u0628\u062f\u0623 \u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0642\u0645\u064a\u0629 \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0639\u0644\u0649 \u0623\u0631\u0636\u064a\u0629 \u0642\u0648\u064a\u0629. \u0627\u0644\u062d\u0627\u0644\u0629 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629 \u0644\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0647\u064a \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0628\u0634\u0643\u0644 \u062c\u0627\u0646\u0628\u064a \u0645\u0639 \u0645\u064a\u0644 \u0635\u0639\u0648\u062f\u064a\u060c \u0645\u0639 \u062a\u062d\u062f\u064a\u062f \u0646\u0637\u0627\u0642 \u0627\u0644\u0645\u0642\u0627\u0648\u0645\u0629 \u0627\u0644\u0645\u0647\u0645 \u0639\u0646\u062f 118\u2013120 \u0623\u0644\u0641 \u062f\u0648\u0644\u0627\u0631\u060c \u0648\u062e\u0637 \u0627\u0644\u062f\u0641\u0627\u0639 \u0627\u0644\u0623\u0648\u0644 \u0639\u0646\u062f 109\u2013110 \u0622\u0644\u0627\u0641 \u062f\u0648\u0644\u0627\u0631. \u0623\u064a \u0627\u062e\u062a\u0628\u0627\u0631 \u062c\u062f\u064a\u062f \u0644\u0645\u0633\u062a\u0648\u0649 107 \u0622\u0644\u0627\u0641 \u062f\u0648\u0644\u0627\u0631 \u064a\u062d\u062a\u0627\u062c \u063a\u0627\u0644\u0628\u064b\u0627 \u0644\u0645\u0641\u0627\u062c\u0623\u0629 \u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0645\u062a\u0634\u062f\u062f\u0629.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\"><strong>\u0627\u0644\u062a\u062f\u0641\u0642\u0627\u062a \u0648\u0628\u0646\u064a\u0629 \u0627\u0644\u0633\u0648\u0642<\/strong>: \u0633\u062c\u0651\u0644\u062a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0644\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0646\u062d\u0648 642 \u0645\u0644\u064a\u0648\u0646 \u062f\u0648\u0644\u0627\u0631 \u0645\u0646 \u0627\u0644\u062a\u062f\u0641\u0642\u0627\u062a \u0627\u0644\u0635\u0627\u0641\u064a\u0629 \u064a\u0648\u0645 12 \u0633\u0628\u062a\u0645\u0628\u0631\u060c \u0648\u0647\u0648 \u0627\u0644\u064a\u0648\u0645 \u0627\u0644\u062e\u0627\u0645\u0633 \u0639\u0644\u0649 \u0627\u0644\u062a\u0648\u0627\u0644\u064a \u0628\u0625\u064a\u062c\u0627\u0628\u064a\u0629\u060c \u0645\u0645\u0627 \u0631\u0641\u0639 \u0625\u062c\u0645\u0627\u0644\u064a \u0627\u0644\u062a\u062f\u0641\u0642\u0627\u062a \u0627\u0644\u0635\u0627\u0641\u064a\u0629 \u0625\u0644\u0649 \u062d\u0648\u0627\u0644\u064a 56.8 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631\u060c \u0648\u0623\u0635\u0648\u0644 \u062a\u062d\u062a \u0627\u0644\u0625\u062f\u0627\u0631\u0629 \u0625\u0644\u0649 \u0646\u062d\u0648 153 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 (~6.6% \u0645\u0646 \u0642\u064a\u0645\u0629 \u0633\u0648\u0642 \u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646). \u0648\u064a\u0628\u0644\u063a \u0625\u062c\u0645\u0627\u0644\u064a \u0627\u0644\u0642\u064a\u0645\u0629 \u0627\u0644\u0633\u0648\u0642\u064a\u0629 \u0644\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0642\u0645\u064a\u0629 \u0646\u062d\u0648 4.17 \u062a\u0631\u064a\u0644\u064a\u0648\u0646 \u062f\u0648\u0644\u0627\u0631\u060c \u0645\u0639 \u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0639\u0644\u0649 \u062d\u0648\u0627\u0644\u064a 55%.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\"><strong>\u0627\u0644\u062c\u062f\u0648\u0644 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a<\/strong>: \u0647\u0630\u0627 \u0623\u0633\u0628\u0648\u0639 \u064a\u062a\u0631\u0643\u0632 \u0639\u0644\u0649 \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629: \u0645\u0628\u064a\u0639\u0627\u062a \u0627\u0644\u062a\u062c\u0632\u0626\u0629 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 (\u0627\u0644\u062b\u0644\u0627\u062b\u0627\u0621)\u060c \u0648\u0628\u062f\u0627\u064a\u0627\u062a \u0648\u0625\u0635\u062f\u0627\u0631 \u062a\u0635\u0627\u0631\u064a\u062d \u0627\u0644\u0628\u0646\u0627\u0621 (\u0627\u0644\u0623\u0631\u0628\u0639\u0627\u0621)\u060c \u0628\u0627\u0644\u0625\u0636\u0627\u0641\u0629 \u0625\u0644\u0649 \u0642\u0631\u0627\u0631 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a (\u0627\u0644\u0623\u0631\u0628\u0639\u0627\u0621). \u0627\u0644\u062d\u0627\u0644\u0629 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629 \u062a\u062a\u0648\u0642\u0639 \u062e\u0641\u0636 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 25 \u0646\u0642\u0637\u0629 \u0623\u0633\u0627\u0633 \u0645\u0639 \u062a\u0648\u062c\u064a\u0647 &#8220;\u0643\u0644 \u0627\u062c\u062a\u0645\u0627\u0639 \u0639\u0644\u0649 \u062d\u062f\u0629&#8221;. \u062a\u0641\u0627\u0639\u0644 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a \u0648\u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u062d\u0642\u064a\u0642\u064a\u0629 \u064a\u0638\u0644 \u0627\u0644\u0645\u062d\u0631\u0643 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u0644\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u0631\u0642\u0645\u064a\u0629 \u2014 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0623\u0636\u0639\u0641 \u0648\u0627\u0644\u062a\u0648\u062c\u0647 \u0627\u0644\u0645\u062a\u0633\u0627\u0647\u0644 \u064a\u062f\u0639\u0645\u0627\u0646 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0642\u0645\u064a\u0629\u060c \u0628\u064a\u0646\u0645\u0627 \u0623\u064a \u0645\u0641\u0627\u062c\u0623\u0629 \u062a\u0634\u062f\u062f\u064a\u0629 \u062a\u0639\u062a\u0628\u0631 \u0639\u0642\u0628\u0629.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\"><strong>\u0627\u0644\u0645\u0639\u0646\u0648\u064a\u0627\u062a \u0648\u0627\u062a\u0633\u0627\u0639 \u0627\u0644\u0633\u0648\u0642<\/strong>: \u0627\u0644\u0637\u0644\u0628 \u0627\u0644\u0645\u062a\u0632\u0627\u064a\u062f \u0639\u0644\u0649 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u064a\u0648\u0641\u0631 \u062f\u0639\u0645\u0627\u064b \u0645\u0633\u062a\u062f\u0627\u0645\u0627\u064b \u0644\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646. \u0643\u0645\u0627 \u064a\u0633\u062a\u0641\u064a\u062f \u0627\u0644\u0633\u0648\u0642 \u0645\u0646 \u0627\u0647\u062a\u0645\u0627\u0645 \u0645\u062a\u062c\u062f\u062f \u0628\u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0645\u0631\u062a\u0628\u0637\u0629 \u0628\u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0642\u0645\u064a\u0629 (\u0645\u062b\u0644 \u0627\u0644\u062d\u062f\u064a\u062b \u0639\u0646 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0627\u0644\u0623\u0648\u0644\u064a\u0629). \u064a\u0628\u0642\u0649 \u0632\u0639\u0627\u0645\u0629 \u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0642\u0648\u064a\u0629 (\u0647\u064a\u0645\u0646\u0629 >55%)\u060c \u0631\u063a\u0645 \u0638\u0647\u0648\u0631 \u0628\u0639\u0636 \u0627\u0644\u0642\u0648\u0629 \u0641\u064a \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0628\u062f\u064a\u0644\u0629\u061b \u0648\u0625\u0630\u0627 \u062a\u0631\u0627\u062c\u0639\u062a \u0627\u0644\u0647\u064a\u0645\u0646\u0629\u060c \u064a\u062c\u0628 \u0645\u062a\u0627\u0628\u0639\u0629 \u0627\u062d\u062a\u0645\u0627\u0644\u064a\u0629 \u062a\u062d\u0648\u0651\u0644 \u0645\u0648\u0633\u0639 \u0644\u0645\u0648\u0633\u0645 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0628\u062f\u064a\u0644\u0629.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-\u0627\u0644\u062a\u062d\u0644\u064a\u0644-\u0627\u0644\u0641\u0646\u064a-\u0644\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646-\u0627\u0644\u0633\u0628\u0648\u062a\"><strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0646\u064a \u0644\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 (\u0627\u0644\u0633\u0628\u0648\u062a)<\/strong>:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u0627\u0644\u0627\u062a\u062c\u0627\u0647<\/strong>: \u064a\u0633\u062a\u0645\u0631 \u0627\u0644\u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u0635\u0639\u0648\u062f\u064a \u0645\u0646\u0630 \u0642\u0627\u0639 \u0623\u0648\u0627\u0626\u0644 \u0633\u0628\u062a\u0645\u0628\u0631\u061b \u0623\u064a \u0647\u0628\u0648\u0637 \u064a\u064f\u0634\u062a\u0631\u0649 \u0628\u062f\u0639\u0645 \u0627\u0644\u062a\u062f\u0641\u0642\u0627\u062a \u0641\u064a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a.<br><\/li>\n\n\n\n<li><strong>\u0627\u0644\u0645\u0642\u0627\u0648\u0645\u0629<\/strong>: 118\u2013120 \u0623\u0644\u0641 \u062f\u0648\u0644\u0627\u0631 (\u0627\u0644\u0646\u0637\u0627\u0642 \u0627\u0644\u0646\u0641\u0633\u064a \u0627\u0644\u0631\u0626\u064a\u0633\u064a). \u0625\u063a\u0644\u0627\u0642 \u064a\u0648\u0645\u064a \u0641\u0648\u0642 120 \u0623\u0644\u0641 \u062f\u0648\u0644\u0627\u0631 \u064a\u0641\u062a\u062d \u0627\u0644\u0637\u0631\u064a\u0642 \u0646\u062d\u0648 123\u2013125 \u0623\u0644\u0641 \u062f\u0648\u0644\u0627\u0631.<br><\/li>\n\n\n\n<li><strong>\u0627\u0644\u062f\u0639\u0645<\/strong>: 113\u2013112 \u0623\u0644\u0641 \u062f\u0648\u0644\u0627\u0631 (\u0631\u0641 \u0642\u0631\u064a\u0628). \u0623\u064a \u0643\u0633\u0631 \u062f\u0648\u0646 \u0647\u0630\u0627 \u0627\u0644\u0645\u0633\u062a\u0648\u0649 \u064a\u0636\u0639 109\u2013110 \u0622\u0644\u0627\u0641 \u062f\u0648\u0644\u0627\u0631 \u0641\u064a \u0627\u0644\u0628\u0624\u0631\u0629\u061b \u0648\u0641\u0642\u062f\u0627\u0646 \u0645\u0633\u062a\u0648\u0649 109 \u0622\u0644\u0627\u0641 \u062f\u0648\u0644\u0627\u0631 \u064a\u0632\u064a\u062f \u0645\u0646 \u0627\u062d\u062a\u0645\u0627\u0644 \u0627\u062e\u062a\u0628\u0627\u0631 \u0645\u0633\u062a\u0648\u0649 107 \u0622\u0644\u0627\u0641 \u062f\u0648\u0644\u0627\u0631.<br><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"486\" src=\"https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-11-1024x486.png\" alt=\"\" class=\"wp-image-12555\" srcset=\"https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-11-1024x486.png 1024w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-11-300x142.png 300w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-11-768x364.png 768w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2025\/09\/image-11.png 1432w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0627\u0644\u0645\u062a\u062d\u062f\u0629 \u2013 \u0645\u0631\u0627\u062c\u0639\u0629 \u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0627\u0644\u062a\u0631\u0627\u062c\u0639 \u0627\u0644\u062a\u0636\u062e\u0645\u064a \u0625\u0644\u0649 \u062c\u0627\u0646\u0628 \u0636\u0639\u0641 \u0627\u0644\u0646\u0634\u0627\u0637 \u064a\u062f\u0639\u0645 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0627\u062d\u062a\u0645\u0627\u0644\u0627\u062a \u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u0645\u0646 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a. \u0627\u0631\u062a\u0641\u0639 \u0645\u0624\u0634\u0631 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643\u064a\u0646 \u0627\u0644\u0631\u0626\u064a\u0633\u064a \u0641\u064a \u0623\u063a\u0633\u0637\u0633 \u0628\u0646\u0633\u0628\u0629 0.4% (2.9% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a)\u060c \u0648\u0632\u0627\u062f \u0645\u0624\u0634\u0631 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643\u064a\u0646 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u0628\u0646\u0633\u0628\u0629 0.3% \u0634\u0647\u0631\u064a\u064b\u0627 (3.1% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a)\u060c \u0645\u0639 \u0645\u0633\u0627\u0647\u0645\u0629 \u0627\u0644\u0645\u0644\u0627\u0628\u0633 \u0648\u0627\u0644\u0645\u0631\u0643\u0628\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0639\u0645\u0644\u0629 \u0641\u064a \u0631\u0641\u0639 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0633\u0644\u0639 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629\u060c \u0628\u064a\u0646\u0645\u0627 \u0623\u0628\u0642\u062a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-12549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-otet-view"],"_links":{"self":[{"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/posts\/12549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/comments?post=12549"}],"version-history":[{"count":1,"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/posts\/12549\/revisions"}],"predecessor-version":[{"id":12559,"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/posts\/12549\/revisions\/12559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/media\/12557"}],"wp:attachment":[{"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/media?parent=12549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/categories?post=12549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/tags?post=12549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}