{"id":15519,"date":"2026-08-19T16:58:51","date_gmt":"2026-08-19T13:58:51","guid":{"rendered":"https:\/\/otetmarkets.net\/blog\/?p=15519"},"modified":"2026-08-19T17:07:01","modified_gmt":"2026-08-19T14:07:01","slug":"qe-qt-impact-dollar-markets","status":"publish","type":"post","link":"https:\/\/otetmarkets.net\/blog\/articles\/qe-qt-impact-dollar-markets\/","title":{"rendered":"\u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u0627\u0644\u0643\u0645\u064a \u0648\u0627\u0644\u062a\u0634\u062f\u064a\u062f \u0627\u0644\u0643\u0645\u064a \u0648\u062a\u0623\u062b\u064a\u0631\u0647\u0645\u0627 \u0639\u0644\u0649 \u0627\u0644\u062f\u0648\u0644\u0627\u0631"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">\u0644\u0627 \u062a\u062a\u062d\u0631\u0643 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0628\u0642\u0631\u0627\u0631\u0627\u062a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0648\u062d\u062f\u0647\u0627. \u0641\u0639\u0646\u062f\u0645\u0627 \u062a\u0635\u0644 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0625\u0644\u0649 \u0645\u0633\u062a\u0648\u0649 \u0645\u0646\u062e\u0641\u0636 \u062c\u062f\u0627\u064b \u0623\u0648 \u064a\u0631\u063a\u0628 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0641\u064a \u062a\u0634\u062f\u064a\u062f \u0627\u0644\u0623\u0648\u0636\u0627\u0639 \u0645\u0646 \u062f\u0648\u0646 \u0631\u0641\u0639\u0647\u0627 \u0645\u0628\u0627\u0634\u0631\u0629\u060c \u062a\u0635\u0628\u062d \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0623\u062f\u0627\u0629 \u0631\u0626\u064a\u0633\u064a\u0629 \u0644\u0644\u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0646\u0642\u062f\u064a\u0629. \u0647\u0646\u0627 \u064a\u0638\u0647\u0631 \u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u0627\u0644\u0643\u0645\u064a \u0648\u0627\u0644\u062a\u0634\u062f\u064a\u062f \u0627\u0644\u0643\u0645\u064a \u0628\u0648\u0635\u0641\u0647\u0645\u0627 \u0639\u0645\u0644\u064a\u062a\u064a\u0646 \u062a\u0624\u062b\u0631\u0627\u0646 \u0641\u064a \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0648\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0648\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646\u060c \u062b\u0645 \u062a\u0646\u062a\u0642\u0644 \u0622\u062b\u0627\u0631\u0647\u0645\u0627 \u0625\u0644\u0649 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0648\u0627\u0644\u0623\u0633\u0647\u0645 \u0648\u0628\u0642\u064a\u0629 \u0627\u0644\u0623\u0633\u0648\u0627\u0642.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0644\u0643\u0646 \u0627\u0644\u0642\u0627\u0639\u062f\u0629 \u0627\u0644\u0634\u0627\u0626\u0639\u0629 \u0627\u0644\u062a\u064a \u062a\u0642\u0648\u0644 \u0625\u0646 QE \u064a\u0636\u0639\u0641 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0648QT \u064a\u0642\u0648\u064a\u0647 \u0644\u064a\u0633\u062a \u0645\u0636\u0645\u0648\u0646\u0629. \u0641\u0642\u062f \u064a\u0631\u062a\u0641\u0639 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0623\u062b\u0646\u0627\u0621 \u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u0628\u0633\u0628\u0628 \u0627\u0644\u0637\u0644\u0628 \u0639\u0644\u064a\u0647 \u0643\u0645\u0644\u0627\u0630 \u0648\u0633\u064a\u0648\u0644\u0629 \u0639\u0627\u0644\u0645\u064a\u0629\u060c \u0648\u0642\u062f \u064a\u0636\u0639\u0641 \u062e\u0644\u0627\u0644 \u0627\u0644\u062a\u0634\u062f\u064a\u062f \u0625\u0630\u0627 \u0643\u0627\u0646 \u0627\u0644\u0633\u0648\u0642 \u064a\u062a\u0648\u0642\u0639 \u0631\u0643\u0648\u062f\u0627\u064b \u0623\u0648 \u062a\u062e\u0641\u064a\u0636\u0627\u062a \u0644\u0644\u0641\u0627\u0626\u062f\u0629. \u0644\u0630\u0644\u0643 \u064a\u062a\u0637\u0644\u0628 \u0641\u0647\u0645 \u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u0627\u0644\u0643\u0645\u064a \u0648\u0627\u0644\u062a\u0634\u062f\u064a\u062f \u0627\u0644\u0643\u0645\u064a \u062a\u062d\u0644\u064a\u0644 \u062d\u062c\u0645 \u0627\u0644\u0628\u0631\u0646\u0627\u0645\u062c \u0648\u0633\u0631\u0639\u062a\u0647 \u0648\u0645\u0641\u0627\u062c\u0623\u062a\u0647\u060c \u0625\u0644\u0649 \u062c\u0627\u0646\u0628 \u0645\u0627 \u062a\u0641\u0639\u0644\u0647 \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 \u0627\u0644\u0623\u062e\u0631\u0649.<\/span><\/p>\n<h2><b>\u0645\u0627 \u0647\u0648 \u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u0627\u0644\u0643\u0645\u064a (QE)\u061f<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">\u0639\u0646\u062f \u0634\u0631\u062d \u0645\u0627 \u0647\u0648 QE\u060c \u064a\u0645\u0643\u0646 \u062a\u0639\u0631\u064a\u0641\u0647 \u0628\u0623\u0646\u0647 \u0634\u0631\u0627\u0621 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0643\u0645\u064a\u0627\u062a \u0643\u0628\u064a\u0631\u0629 \u0645\u0646 \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u063a\u0627\u0644\u0628\u0627\u064b \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0627\u0644\u062d\u0643\u0648\u0645\u064a\u0629 \u0648\u0623\u062d\u064a\u0627\u0646\u0627\u064b \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u062f\u0639\u0648\u0645\u0629 \u0628\u0627\u0644\u0631\u0647\u0646 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u060c \u0628\u0647\u062f\u0641 \u062a\u062e\u0641\u064a\u0641 \u0627\u0644\u0623\u0648\u0636\u0627\u0639 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u062f\u0639\u0645 \u0627\u0646\u062a\u0642\u0627\u0644 \u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0646\u0642\u062f\u064a\u0629 \u0625\u0644\u0649 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f. \u064a\u062f\u0641\u0639 \u0627\u0644\u0628\u0646\u0643 \u062b\u0645\u0646 \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0628\u0625\u0646\u0634\u0627\u0621 \u0623\u0631\u0635\u062f\u0629 \u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0629 \u0641\u064a \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0645\u0635\u0631\u0641\u064a\u060c \u0641\u062a\u0632\u062f\u0627\u062f \u0623\u0635\u0648\u0644\u0647 \u0648\u062e\u0635\u0648\u0645\u0647 \u0648\u062a\u062a\u0648\u0633\u0639 \u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0644\u0627 \u064a\u0639\u0646\u064a \u0630\u0644\u0643 \u062a\u0648\u0632\u064a\u0639 \u0623\u0645\u0648\u0627\u0644 \u0646\u0642\u062f\u064a\u0629 \u0645\u0628\u0627\u0634\u0631\u0629 \u0639\u0644\u0649 \u0627\u0644\u0623\u0633\u0631 \u0623\u0648 \u0623\u0646 \u0643\u0644 \u062f\u0648\u0644\u0627\u0631 \u0645\u0646 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a \u064a\u062a\u062d\u0648\u0644 \u062a\u0644\u0642\u0627\u0626\u064a\u0627\u064b \u0625\u0644\u0649 \u0642\u0631\u0636 \u062c\u062f\u064a\u062f. \u0641\u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a \u0623\u0631\u0635\u062f\u0629 \u062a\u062d\u062a\u0641\u0638 \u0628\u0647\u0627 \u0627\u0644\u0628\u0646\u0648\u0643 \u0644\u062f\u0649 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u060c \u0648\u0642\u062f \u062a\u062a\u063a\u064a\u0631 \u0634\u0647\u064a\u0629 \u0627\u0644\u0625\u0642\u0631\u0627\u0636 \u062a\u0628\u0639\u0627\u064b \u0644\u062c\u0648\u062f\u0629 \u0627\u0644\u0645\u0642\u062a\u0631\u0636\u064a\u0646 \u0648\u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0648\u0627\u0644\u0637\u0644\u0628. \u0627\u0644\u0623\u062b\u0631 \u0627\u0644\u0645\u0642\u0635\u0648\u062f \u064a\u0645\u0631 \u0623\u0633\u0627\u0633\u0627\u064b \u0639\u0628\u0631 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0623\u0635\u0648\u0644 \u0648\u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0648\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0648\u0634\u0631\u0648\u0637 \u0627\u0644\u062a\u0645\u0648\u064a\u0644.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0639\u0646\u062f\u0645\u0627 \u064a\u0634\u062a\u0631\u064a \u0627\u0644\u0628\u0646\u0643 \u0633\u0646\u062f\u0627\u062a \u0637\u0648\u064a\u0644\u0629 \u0627\u0644\u0623\u062c\u0644\u060c \u064a\u0632\u062f\u0627\u062f \u0627\u0644\u0637\u0644\u0628 \u0639\u0644\u064a\u0647\u0627 \u0648\u064a\u0631\u062a\u0641\u0639 \u0633\u0639\u0631\u0647\u0627\u060c \u0628\u064a\u0646\u0645\u0627 \u064a\u0646\u062e\u0641\u0636 \u0639\u0627\u0626\u062f\u0647\u0627 \u0628\u0635\u0648\u0631\u0629 \u0639\u0643\u0633\u064a\u0629. \u0648\u0642\u062f \u062a\u0634\u062c\u0639 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0623\u0642\u0644 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0639\u0644\u0649 \u0627\u0644\u0627\u0646\u062a\u0642\u0627\u0644 \u0625\u0644\u0649 \u0633\u0646\u062f\u0627\u062a \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0623\u0648 \u0627\u0644\u0623\u0633\u0647\u0645 \u0623\u0648 \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u062e\u0627\u0631\u062c\u064a\u0629\u060c \u0641\u062a\u062a\u0631\u0627\u062c\u0639 \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u0627\u0642\u062a\u0631\u0627\u0636 \u0648\u064a\u062a\u062d\u0633\u0646 \u0627\u0644\u0625\u0642\u0628\u0627\u0644 \u0639\u0644\u0649 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629. \u0643\u0645\u0627 \u062a\u0631\u0633\u0644 \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0625\u0634\u0627\u0631\u0629 \u0625\u0644\u0649 \u0623\u0646 \u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u0633\u062a\u0638\u0644 \u062f\u0627\u0639\u0645\u0629\u060c \u0648\u0625\u0646 \u0644\u0645 \u062a\u0643\u0646 \u0648\u0639\u062f\u0627\u064b \u062b\u0627\u0628\u062a\u0627\u064b \u0628\u0645\u0633\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0646\u0641\u0630 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0648\u0627\u0633\u0639\u0629 \u0628\u0639\u062f \u0627\u0644\u0623\u0632\u0645\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629 \u062b\u0645 \u062e\u0644\u0627\u0644 \u0627\u0636\u0637\u0631\u0627\u0628\u0627\u062a 2020. \u0648\u064a\u0639\u0631\u0636 \u0628\u0646\u0643 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0641\u064a \u0646\u064a\u0648\u064a\u0648\u0631\u0643 \u0633\u062c\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0648\u062c\u062f\u0627\u0648\u0644\u0647\u0627\u060c \u0628\u0645\u0627 \u0641\u064a\u0647\u0627 \u0634\u0631\u0627\u0621 \u0633\u0646\u062f\u0627\u062a \u0627\u0644\u062e\u0632\u0627\u0646\u0629 \u0648\u0641\u0642 \u062a\u0648\u062c\u064a\u0647\u0627\u062a \u0644\u062c\u0646\u0629 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0645\u0641\u062a\u0648\u062d\u0629. \u0648\u0647\u0630\u0647 \u0627\u0644\u0639\u0645\u0644\u064a\u0627\u062a \u0647\u064a \u0627\u0644\u062a\u0646\u0641\u064a\u0630 \u0627\u0644\u0641\u0646\u064a \u0644\u0644\u0642\u0631\u0627\u0631\u0627\u062a\u060c \u0648\u0644\u064a\u0633\u062a \u0628\u0631\u0646\u0627\u0645\u062c \u0625\u0646\u0641\u0627\u0642 \u062d\u0643\u0648\u0645\u064a \u0623\u0648 \u0633\u064a\u0627\u0633\u0629 \u0645\u0627\u0644\u064a\u0629. (<\/span><a href=\"https:\/\/www.newyorkfed.org\/markets\/domestic-market-operations\/monetary-policy-implementation\/treasury-securities\/treasury-securities-operational-details\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u0628\u0646\u0643 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0641\u064a \u0646\u064a\u0648\u064a\u0648\u0631\u0643<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/p>\n<h2><b>\u0645\u0627 \u0647\u0648 \u0627\u0644\u062a\u0634\u062f\u064a\u062f \u0627\u0644\u0643\u0645\u064a (QT)\u061f<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">\u0623\u0645\u0627 \u0645\u0627 \u0647\u0648 QT\u060c \u0641\u0647\u0648 \u062a\u0642\u0644\u064a\u0635 \u062d\u064a\u0627\u0632\u0627\u062a \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0645\u0646 \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0628\u0639\u062f \u0645\u0631\u062d\u0644\u0629 \u0627\u0644\u062a\u0648\u0633\u0639. \u064a\u062d\u062f\u062b \u0630\u0644\u0643 \u063a\u0627\u0644\u0628\u0627\u064b \u0628\u0627\u0644\u0633\u0645\u0627\u062d \u0644\u0644\u0633\u0646\u062f\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u062d\u0642\u0629 \u0628\u0627\u0644\u062e\u0631\u0648\u062c \u0645\u0646 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0645\u0646 \u062f\u0648\u0646 \u0625\u0639\u0627\u062f\u0629 \u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0643\u0627\u0645\u0644 \u0623\u0635\u0644\u0647\u0627\u060c \u0636\u0645\u0646 \u0633\u0642\u0648\u0641 \u0634\u0647\u0631\u064a\u0629 \u0645\u0639\u0644\u0646\u0629. \u0648\u064a\u0645\u0643\u0646 \u0646\u0638\u0631\u064a\u0627\u064b \u0627\u0644\u0644\u062c\u0648\u0621 \u0625\u0644\u0649 \u0627\u0644\u0628\u064a\u0639 \u0627\u0644\u0645\u0628\u0627\u0634\u0631\u060c \u0644\u0643\u0646\u0647 \u0623\u0634\u062f \u062a\u0623\u062b\u064a\u0631\u0627\u064b \u0648\u0627\u0636\u0637\u0631\u0627\u0628\u0627\u064b \u0644\u0644\u0633\u0648\u0642\u060c \u0644\u0630\u0644\u0643 \u062a\u0641\u0636\u0651\u0644 \u0627\u0644\u0633\u0644\u0637\u0627\u062a \u0639\u0627\u062f\u0629 \u0645\u0633\u0627\u0631\u0627\u064b \u062a\u062f\u0631\u064a\u062c\u064a\u0627\u064b \u0648\u0645\u062a\u0648\u0642\u0639\u0627\u064b.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0639\u0646\u062f \u0627\u0633\u062a\u062d\u0642\u0627\u0642 \u0633\u0646\u062f \u062e\u0632\u0627\u0646\u0629 \u064a\u062d\u062a\u0641\u0638 \u0628\u0647 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0648\u0639\u062f\u0645 \u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0642\u064a\u0645\u062a\u0647 \u0645\u0646 \u062c\u062f\u064a\u062f\u060c \u062a\u0646\u062e\u0641\u0636 \u062d\u064a\u0627\u0632\u0627\u062a\u0647 \u0645\u0646 \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u0648\u064a\u0642\u0627\u0628\u0644 \u0630\u0644\u0643 \u062a\u063a\u064a\u0631 \u0641\u064a \u062e\u0635\u0648\u0645 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0645\u062b\u0644 \u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a \u0627\u0644\u0628\u0646\u0648\u0643 \u0623\u0648 \u0623\u0631\u0635\u062f\u0629 \u0623\u062e\u0631\u0649 \u0628\u062d\u0633\u0628 \u062d\u0631\u0643\u0629 \u0627\u0644\u0645\u062f\u0641\u0648\u0639\u0627\u062a \u0627\u0644\u062d\u0643\u0648\u0645\u064a\u0629 \u0648\u0627\u0644\u0633\u0648\u0642. \u0644\u0647\u0630\u0627 \u0644\u0627 \u062a\u0639\u0646\u064a \u0643\u0644 \u062d\u0631\u0643\u0629 \u0623\u0633\u0628\u0648\u0639\u064a\u0629 \u0641\u064a \u0625\u062c\u0645\u0627\u0644\u064a \u0627\u0644\u0623\u0635\u0648\u0644 \u0623\u0646 \u0648\u062a\u064a\u0631\u0629 QT \u0627\u0644\u0631\u0633\u0645\u064a\u0629 \u062a\u063a\u064a\u0631\u062a\u061b \u0641\u0642\u062f \u062a\u0624\u062b\u0631 \u062a\u0633\u0647\u064a\u0644\u0627\u062a \u0627\u0644\u0625\u0642\u0631\u0627\u0636 \u0648\u0628\u0646\u0648\u062f \u0627\u0644\u062e\u0632\u0627\u0646\u0629 \u0648\u0639\u0648\u0627\u0645\u0644 \u0641\u0646\u064a\u0629 \u0623\u062e\u0631\u0649.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u064a\u0647\u062f\u0641 QT \u0625\u0644\u0649 \u0625\u0632\u0627\u0644\u0629 \u062c\u0632\u0621 \u0645\u0646 \u0627\u0644\u062f\u0639\u0645 \u0627\u0644\u0630\u064a \u0648\u0641\u0631\u0647 QE \u0648\u062a\u0631\u0643 \u0646\u0633\u0628\u0629 \u0623\u0643\u0628\u0631 \u0645\u0646 \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0641\u064a \u062d\u0648\u0632\u0629 \u0627\u0644\u062c\u0645\u0647\u0648\u0631. \u0648\u0642\u062f \u064a\u0631\u0641\u0639 \u0630\u0644\u0643 \u0639\u0644\u0627\u0648\u0629 \u0627\u0644\u0623\u062c\u0644 \u0623\u0648 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0645\u0642\u0627\u0631\u0646\u0629 \u0628\u0645\u0633\u0627\u0631 \u0645\u0646 \u062f\u0648\u0646 \u062a\u0634\u062f\u064a\u062f\u060c \u0648\u064a\u0642\u0644\u0635 \u0641\u0627\u0626\u0636 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u062a\u062f\u0631\u064a\u062c\u064a\u0627\u064b. \u0644\u0643\u0646\u0647 \u0644\u0627 \u064a\u0633\u062d\u0628 \u0645\u0628\u0644\u063a\u0627\u064b \u062b\u0627\u0628\u062a\u0627\u064b \u0645\u0646 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0643\u0644 \u064a\u0648\u0645\u060c \u0644\u0623\u0646 \u0627\u0644\u0627\u0633\u062a\u062d\u0642\u0627\u0642\u0627\u062a \u062a\u062a\u0641\u0627\u0648\u062a\u060c \u0648\u0627\u0644\u0645\u062f\u0641\u0648\u0639\u0627\u062a \u0627\u0644\u0645\u0633\u0628\u0642\u0629 \u0644\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629 \u063a\u064a\u0631 \u0645\u0646\u062a\u0638\u0645\u0629\u060c \u0643\u0645\u0627 \u0642\u062f \u062a\u0643\u0648\u0646 \u0627\u0644\u062a\u062e\u0641\u064a\u0636\u0627\u062a \u0623\u0642\u0644 \u0645\u0646 \u0627\u0644\u0633\u0642\u0641 \u0627\u0644\u0645\u0639\u0644\u0646.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0648\u0641\u064a \u062e\u0637\u0637 \u062a\u0642\u0644\u064a\u0635 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0644\u0639\u0627\u0645 2022\u060c \u0623\u0648\u0636\u062d\u062a \u0644\u062c\u0646\u0629 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0645\u0641\u062a\u0648\u062d\u0629 \u0623\u0646\u0647\u0627 \u0633\u062a\u062e\u0641\u0636 \u062d\u064a\u0627\u0632\u0627\u062a\u0647\u0627 \u0645\u0639 \u0645\u0631\u0648\u0631 \u0627\u0644\u0648\u0642\u062a \u0648\u0641\u0642 \u0633\u0642\u0648\u0641 \u0644\u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u060c \u0648\u0623\u0646\u0647\u0627 \u0633\u062a\u0628\u0637\u0626 \u062b\u0645 \u062a\u0648\u0642\u0641 \u0627\u0644\u0627\u0646\u062e\u0641\u0627\u0636 \u0639\u0646\u062f\u0645\u0627 \u062a\u0635\u0628\u062d \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a \u0623\u0639\u0644\u0649 \u0642\u0644\u064a\u0644\u0627\u064b \u0645\u0646 \u0627\u0644\u0645\u0633\u062a\u0648\u0649 \u0627\u0644\u0645\u0644\u0627\u0626\u0645 \u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a \u0627\u0644\u0648\u0641\u064a\u0631\u0629. \u0648\u0647\u0630\u0627 \u064a\u0628\u064a\u0646 \u0623\u0646 QT \u0639\u0645\u0644\u064a\u0629 \u0645\u062f\u0627\u0631\u0629 \u0648\u0644\u064a\u0633\u062a \u0627\u0646\u0643\u0645\u0627\u0634\u0627\u064b \u0628\u0644\u0627 \u062d\u062f\u0648\u062f. (<\/span><a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20220504b.htm\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/p>\n<h2 dir=\"rtl\">\u0645\u0642\u0627\u0631\u0646\u0629 \u0633\u0631\u064a\u0639\u0629 \u0628\u064a\u0646 QE \u0648QT<\/h2>\n<p dir=\"rtl\">\u062a\u062a\u0636\u062d \u0627\u0644\u0641\u0631\u0648\u0642 \u0628\u064a\u0646 \u0627\u0644\u0623\u062f\u0627\u062a\u064a\u0646 \u0639\u0646\u062f \u0648\u0636\u0639\u0647\u0645\u0627 \u062c\u0646\u0628\u0627\u064b \u0625\u0644\u0649 \u062c\u0646\u0628. \u0641\u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u0627\u0644\u0643\u0645\u064a \u064a\u0642\u0648\u0645 \u0639\u0644\u0649 \u0634\u0631\u0627\u0621 \u0623\u0635\u0648\u0644 \u0645\u0627\u0644\u064a\u0629 \u0628\u0643\u0645\u064a\u0627\u062a \u0643\u0628\u064a\u0631\u0629\u060c \u0641\u062a\u062a\u0648\u0633\u0639 \u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0648\u062a\u0631\u062a\u0641\u0639 \u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a \u0627\u0644\u0628\u0646\u0648\u0643\u060c \u0628\u064a\u0646\u0645\u0627 \u064a\u0642\u0648\u0645 \u0627\u0644\u062a\u0634\u062f\u064a\u062f \u0627\u0644\u0643\u0645\u064a \u0639\u0644\u0649 \u062a\u0642\u0644\u064a\u0635 \u0627\u0644\u062d\u064a\u0627\u0632\u0627\u062a\u060c \u063a\u0627\u0644\u0628\u0627\u064b \u0639\u0628\u0631 \u0639\u062f\u0645 \u0625\u0639\u0627\u062f\u0629 \u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u062d\u0642\u0629\u060c \u0641\u062a\u0646\u0643\u0645\u0634 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u062a\u062f\u0631\u064a\u062c\u064a\u0627\u064b \u0636\u0645\u0646 \u0633\u0642\u0648\u0641 \u0645\u0639\u0644\u0646\u0629 \u0648\u062a\u0646\u062e\u0641\u0636 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a \u0628\u0628\u0637\u0621.<\/p>\n<p dir=\"rtl\">\u0648\u064a\u0646\u0639\u0643\u0633 \u0647\u0630\u0627 \u0627\u0644\u0627\u062e\u062a\u0644\u0627\u0641 \u0639\u0644\u0649 \u0627\u0644\u0633\u0648\u0642 \u0641\u064a \u062b\u0644\u0627\u062b\u0629 \u0645\u0633\u0627\u0631\u0627\u062a \u0631\u0626\u064a\u0633\u064a\u0629:<\/p>\n<ul dir=\"rtl\">\n<li><strong>\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0627\u0644\u0637\u0648\u064a\u0644\u0629:<\/strong> \u064a\u0645\u0627\u0631\u0633 QE \u0636\u063a\u0637\u0627\u064b \u0647\u0628\u0648\u0637\u064a\u0627\u064b \u0639\u0644\u064a\u0647\u0627 \u0648\u064a\u0642\u0644\u0635 \u0639\u0644\u0627\u0648\u0629 \u0627\u0644\u0623\u062c\u0644\u060c \u0628\u064a\u0646\u0645\u0627 \u064a\u0645\u0627\u0631\u0633 QT \u0636\u063a\u0637\u0627\u064b \u0635\u0639\u0648\u062f\u064a\u0627\u064b \u0645\u062d\u062a\u0645\u0644\u0627\u064b \u0648\u064a\u0631\u0641\u0639 \u0639\u0644\u0627\u0648\u0629 \u0627\u0644\u0623\u062c\u0644.<\/li>\n<li><strong>\u0627\u0644\u0625\u0642\u0628\u0627\u0644 \u0639\u0644\u0649 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629:<\/strong> \u064a\u062a\u062d\u0633\u0646 \u0639\u0627\u062f\u0629 \u0641\u064a \u0645\u0631\u0627\u062d\u0644 \u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u0645\u0639 \u062a\u0631\u0627\u062c\u0639 \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0645\u0648\u064a\u0644\u060c \u0648\u064a\u062a\u0631\u0627\u062c\u0639 \u0641\u064a \u0645\u0631\u0627\u062d\u0644 \u0627\u0644\u062a\u0634\u062f\u064a\u062f \u0645\u0639 \u0627\u0646\u062d\u0633\u0627\u0631 \u0641\u0627\u0626\u0636 \u0627\u0644\u0633\u064a\u0648\u0644\u0629.<\/li>\n<li><strong>\u0627\u0644\u0623\u062b\u0631 \u0627\u0644\u0646\u0638\u0631\u064a \u0639\u0644\u0649 \u0627\u0644\u062f\u0648\u0644\u0627\u0631:<\/strong> \u064a\u0645\u064a\u0644 QE \u0625\u0644\u0649 \u0625\u0636\u0639\u0627\u0641\u0647 \u0639\u0628\u0631 \u062e\u0641\u0636 \u0639\u0627\u0626\u062f\u0647 \u0627\u0644\u0646\u0633\u0628\u064a\u060c \u0648\u064a\u0645\u064a\u0644 QT \u0625\u0644\u0649 \u062f\u0639\u0645\u0647 \u0639\u0628\u0631 \u0631\u0641\u0639 \u0647\u0630\u0627 \u0627\u0644\u0639\u0627\u0626\u062f.<\/li>\n<\/ul>\n<p dir=\"rtl\">\u0644\u0643\u0646 \u0644\u0643\u0644 \u0642\u0627\u0639\u062f\u0629 \u0627\u0633\u062a\u062b\u0646\u0627\u0621 \u0648\u0627\u0642\u0639\u064a \u064a\u062c\u0628 \u0623\u062e\u0630\u0647 \u0641\u064a \u0627\u0644\u062d\u0633\u0628\u0627\u0646: \u0641\u0642\u062f \u064a\u0631\u062a\u0641\u0639 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0623\u062b\u0646\u0627\u0621 \u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u0625\u0630\u0627 \u0627\u0646\u062f\u0641\u0639 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646 \u0625\u0644\u0649 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0627\u0644\u062f\u0648\u0644\u0627\u0631\u064a\u0629 \u0648\u0642\u062a \u0627\u0644\u0623\u0632\u0645\u0629\u060c \u0648\u0642\u062f \u064a\u0636\u0639\u0641 \u0623\u062b\u0646\u0627\u0621 \u0627\u0644\u062a\u0634\u062f\u064a\u062f \u0625\u0630\u0627 \u0628\u062f\u0623 \u0627\u0644\u0633\u0648\u0642 \u062a\u0633\u0639\u064a\u0631 \u0631\u0643\u0648\u062f \u0648\u062e\u0641\u0636 \u0644\u0644\u0641\u0627\u0626\u062f\u0629. \u064a\u0636\u0627\u0641 \u0625\u0644\u0649 \u0630\u0644\u0643 \u0641\u0627\u0631\u0642 \u0641\u064a \u0627\u0644\u0633\u0631\u0639\u0629\u061b \u0641\u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u064a\u064f\u0646\u0641\u064e\u0651\u0630 \u0633\u0631\u064a\u0639\u0627\u064b \u0641\u064a \u0644\u062d\u0638\u0627\u062a \u0627\u0644\u0627\u0636\u0637\u0631\u0627\u0628\u060c \u0628\u064a\u0646\u0645\u0627 \u064a\u0633\u064a\u0631 \u0627\u0644\u062a\u0634\u062f\u064a\u062f \u0628\u0628\u0637\u0621 \u0648\u0648\u0641\u0642 \u062c\u062f\u0648\u0644 \u0645\u0639\u0644\u0646 \u0645\u0633\u0628\u0642\u0627\u064b.<\/p>\n<p dir=\"rtl\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-15530 size-full\" src=\"https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-19-2026-05_33_18-PM.png\" alt=\"\u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u0627\u0644\u0643\u0645\u064a \u0648\u0627\u0644\u062a\u0634\u062f\u064a\u062f \u0627\u0644\u0643\u0645\u064a: \u0643\u064a\u0641 \u064a\u0624\u062b\u0631\u0627\u0646 \u0639\u0644\u0649 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0648\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0641\u0648\u0631\u0643\u0633\u061f\" width=\"1702\" height=\"924\" srcset=\"https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-19-2026-05_33_18-PM.png 1702w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-19-2026-05_33_18-PM-300x163.png 300w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-19-2026-05_33_18-PM-1024x556.png 1024w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-19-2026-05_33_18-PM-768x417.png 768w, https:\/\/otetmarkets.net\/blog\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-19-2026-05_33_18-PM-1536x834.png 1536w\" sizes=\"auto, (max-width: 1702px) 100vw, 1702px\" \/><\/p>\n<h2><b>\u0643\u064a\u0641 \u064a\u0624\u062b\u0631 QE \u0639\u0644\u0649 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0648\u0627\u0644\u062f\u0648\u0644\u0627\u0631\u061f<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">\u064a\u0632\u064a\u062f QE \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a \u0648\u064a\u062e\u0641\u0636 \u0639\u0627\u062f\u0629 \u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0647\u062f\u0641\u0629\u060c \u0645\u0627 \u064a\u0642\u0644\u0644 \u0627\u0644\u0639\u0627\u0626\u062f \u0627\u0644\u0646\u0633\u0628\u064a \u0639\u0644\u0649 \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u062f\u0648\u0644\u0627\u0631\u064a\u0629 \u0625\u0630\u0627 \u0644\u0645 \u062a\u0637\u0628\u0642 \u0628\u0646\u0648\u0643 \u0645\u0631\u0643\u0632\u064a\u0629 \u0623\u062e\u0631\u0649 \u062a\u064a\u0633\u064a\u0631\u0627\u064b \u0645\u0645\u0627\u062b\u0644\u0627\u064b. \u0648\u0642\u062f \u064a\u0628\u062d\u062b \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646 \u0639\u0646 \u0639\u0627\u0626\u062f \u0623\u0639\u0644\u0649 \u062e\u0627\u0631\u062c \u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0627\u0644\u0645\u062a\u062d\u062f\u0629\u060c \u0641\u062a\u0632\u062f\u0627\u062f \u0627\u0644\u062a\u062f\u0641\u0642\u0627\u062a \u0625\u0644\u0649 \u0639\u0645\u0644\u0627\u062a \u0648\u0623\u0633\u0648\u0627\u0642 \u0623\u062e\u0631\u0649\u060c \u0648\u0647\u0648 \u0645\u0627 \u064a\u062c\u0639\u0644 <\/span><strong><a href=\"https:\/\/otetmarkets.net\/forex-assets\/\">\u0633\u0648\u0642 \u0627\u0644\u0641\u0648\u0631\u0643\u0633<\/a><\/strong><span style=\"font-weight: 400;\"> \u0645\u0646 \u0623\u0647\u0645 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u062a\u064a \u064a\u062c\u0628 \u0645\u0631\u0627\u0642\u0628\u062a\u0647\u0627 \u0639\u0646\u062f \u062a\u062d\u0644\u064a\u0644 \u0623\u062b\u0631 QE \u0639\u0644\u0649 \u0627\u0644\u062f\u0648\u0644\u0627\u0631.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0643\u0645\u0627 \u064a\u062f\u0639\u0645 \u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0623\u0635\u0648\u0644 \u0648\u064a\u062d\u0633\u0651\u0646 \u0627\u0644\u0625\u0642\u0628\u0627\u0644 \u0639\u0644\u0649 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629. \u0648\u0641\u064a \u0628\u064a\u0626\u0629 \u0627\u0644\u0625\u0642\u0628\u0627\u0644 \u0639\u0644\u0649 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629\u060c \u0642\u062f \u064a\u0628\u064a\u0639 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0627\u0644\u0630\u064a \u0627\u0633\u062a\u062e\u062f\u0645\u0648\u0647 \u0645\u0644\u0627\u0630\u0627\u064b \u0623\u0648 \u0639\u0645\u0644\u0629 \u062a\u0645\u0648\u064a\u0644 \u0648\u064a\u062a\u062c\u0647\u0648\u0646 \u0625\u0644\u0649 \u0627\u0644\u0623\u0633\u0647\u0645 \u0648\u0627\u0644\u0633\u0644\u0639 \u0648\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0646\u0627\u0634\u0626\u0629. \u0648\u0625\u0630\u0627 \u0627\u0631\u062a\u0641\u0639\u062a \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u062a\u0636\u062e\u0645 \u0623\u0633\u0631\u0639 \u0645\u0646 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0627\u0633\u0645\u064a\u0629\u060c \u062a\u0646\u062e\u0641\u0636 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u062d\u0642\u064a\u0642\u064a\u0629 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629\u060c \u0645\u0627 \u0642\u062f \u064a\u0636\u0639\u0641 \u062c\u0627\u0630\u0628\u064a\u0629 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0623\u0643\u062b\u0631.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0648\u062a\u0627\u0631\u064a\u062e\u064a\u0627\u064b\u060c \u0647\u0630\u0627 \u0647\u0648 \u0627\u0644\u0633\u064a\u0646\u0627\u0631\u064a\u0648 \u0627\u0644\u0623\u0643\u062b\u0631 \u062a\u0643\u0631\u0627\u0631\u0627\u064b: \u0641\u064a \u0645\u0631\u0627\u062d\u0644 \u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u0627\u0644\u0645\u0645\u062a\u062f\u0629 \u0648\u0627\u0644\u0647\u0627\u062f\u0626\u0629\u060c \u0628\u0639\u062f \u0623\u0646 \u062a\u0633\u062a\u0642\u0631 \u0627\u0644\u0623\u0633\u0648\u0627\u0642\u060c \u0645\u0627\u0644 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0625\u0644\u0649 \u0627\u0644\u0636\u0639\u0641 \u0623\u0643\u062b\u0631 \u0645\u0645\u0627 \u0645\u0627\u0644 \u0625\u0644\u0649 \u0627\u0644\u0642\u0648\u0629. \u0644\u0643\u0646 \u0627\u0644\u0627\u0633\u062a\u062b\u0646\u0627\u0621 \u0644\u064a\u0633 \u0646\u0627\u062f\u0631\u0627\u064b\u060c \u0648\u0647\u0648 \u0645\u0627 \u064a\u062c\u0639\u0644 \u0627\u0644\u0627\u0639\u062a\u0645\u0627\u062f \u0639\u0644\u0649 \u0627\u0644\u0642\u0627\u0639\u062f\u0629 \u0648\u062d\u062f\u0647\u0627 \u062e\u0637\u0623\u064b \u0645\u0643\u0644\u0641\u0627\u064b.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0641\u0632\u064a\u0627\u062f\u0629 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a \u0644\u0627 \u062a\u0633\u0627\u0648\u064a \u0622\u0644\u064a\u0627\u064b \u0627\u0646\u0647\u064a\u0627\u0631 \u0642\u064a\u0645\u0629 \u0627\u0644\u0639\u0645\u0644\u0629. \u0633\u0639\u0631 \u0627\u0644\u0635\u0631\u0641 \u0646\u0633\u0628\u064a: \u0625\u0630\u0627 \u0643\u0627\u0646 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0623\u0648 \u0628\u0646\u0643 \u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u064a\u0648\u0633\u0639 \u0645\u064a\u0632\u0627\u0646\u064a\u062a\u0647 \u0628\u0648\u062a\u064a\u0631\u0629 \u0623\u0643\u0628\u0631\u060c \u0642\u062f \u064a\u062d\u062a\u0641\u0638 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0628\u0642\u0648\u062a\u0647. \u0643\u0645\u0627 \u0623\u0646 QE \u0642\u062f \u064a\u062d\u0633\u0646 \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0646\u0645\u0648 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a \u0623\u0648 \u064a\u0647\u062f\u0626 \u0623\u0632\u0645\u0629 \u0645\u0627\u0644\u064a\u0629\u060c \u0641\u064a\u062c\u0630\u0628 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0625\u0644\u0649 \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0648\u064a\u0639\u0648\u0636 \u0623\u062b\u0631 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0645\u0646\u062e\u0641\u0636\u0629.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0648\u0641\u064a \u0644\u062d\u0638\u0627\u062a \u0627\u0644\u0630\u0639\u0631\u060c \u0642\u062f \u064a\u0631\u062a\u0641\u0639 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0631\u063a\u0645 \u062a\u0648\u0633\u0639 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0628\u0633\u0628\u0628 \u0627\u0644\u062d\u0627\u062c\u0629 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629 \u0625\u0644\u0649 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0648\u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0627\u0644\u062f\u0648\u0644\u0627\u0631\u064a\u0629. \u0644\u0630\u0644\u0643 \u064a\u0646\u0628\u063a\u064a \u0627\u0644\u062a\u0641\u0631\u064a\u0642 \u0628\u064a\u0646 \u0627\u0644\u0623\u062b\u0631 \u0627\u0644\u0623\u0648\u0644\u064a \u0644\u0644\u0623\u0632\u0645\u0629\u060c \u062d\u064a\u0646 \u064a\u0646\u062f\u0641\u0639 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646 \u0625\u0644\u0649 \u0627\u0644\u0646\u0642\u062f\u060c \u0648\u0627\u0644\u0623\u062b\u0631 \u0627\u0644\u0644\u0627\u062d\u0642 \u0644\u0644\u062a\u064a\u0633\u064a\u0631 \u0628\u0639\u062f \u0627\u0633\u062a\u0642\u0631\u0627\u0631 \u0627\u0644\u0623\u0633\u0648\u0627\u0642. \u0627\u0644\u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u0646\u0647\u0627\u0626\u064a \u064a\u062a\u062d\u062f\u062f \u0628\u062a\u0641\u0627\u0639\u0644 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0648\u0641\u0631\u0648\u0642 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0648\u0627\u0644\u062b\u0642\u0629 \u0648\u0627\u0644\u0645\u062e\u0627\u0637\u0631\u060c \u0644\u0627 \u0628\u062d\u062c\u0645 \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0645\u0646\u0641\u0631\u062f\u0627\u064b.<\/span><\/p>\n<h2><b>\u0643\u064a\u0641 \u064a\u0624\u062b\u0631 QT \u0639\u0644\u0649 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0648\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0633\u0646\u062f\u0627\u062a\u061f<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">\u064a\u0642\u0644\u0644 QT \u0648\u062c\u0648\u062f \u0645\u0634\u062a\u0631\u064d \u0643\u0628\u064a\u0631 \u0641\u064a \u0633\u0648\u0642 \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0648\u064a\u0632\u064a\u062f \u0643\u0645\u064a\u0629 \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u062a\u064a \u064a\u062c\u0628 \u0623\u0646 \u064a\u0633\u062a\u0648\u0639\u0628\u0647\u0627 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646\u060c \u0645\u0627 \u0642\u062f \u064a\u0636\u0639 \u0636\u063a\u0637\u0627\u064b \u0635\u0639\u0648\u062f\u064a\u0627\u064b \u0639\u0644\u0649 \u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0648\u0639\u0644\u0627\u0648\u0629 \u0627\u0644\u0623\u062c\u0644. \u0648\u0625\u0630\u0627 \u0623\u0635\u0628\u062d\u062a \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0623\u0639\u0644\u0649 \u0646\u0633\u0628\u064a\u0627\u064b\u060c \u0642\u062f \u062a\u062c\u0630\u0628 \u062a\u062f\u0641\u0642\u0627\u062a \u0623\u062c\u0646\u0628\u064a\u0629 \u0648\u062a\u062f\u0639\u0645 \u0642\u0648\u0629 \u0627\u0644\u062f\u0648\u0644\u0627\u0631\u060c \u062e\u0635\u0648\u0635\u0627\u064b \u0639\u0646\u062f\u0645\u0627 \u064a\u062a\u0632\u0627\u0645\u0646 \u062a\u0642\u0644\u064a\u0635 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0645\u0639 \u0641\u0627\u0626\u062f\u0629 \u0645\u0631\u062a\u0641\u0639\u0629 \u0648\u0627\u0642\u062a\u0635\u0627\u062f \u0645\u062a\u0645\u0627\u0633\u0643.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0643\u0645\u0627 \u064a\u0645\u0643\u0646 \u0644\u0627\u0646\u062e\u0641\u0627\u0636 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0623\u0646 \u064a\u0636\u063a\u0637 \u0639\u0644\u0649 \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u062e\u0637\u0631\u0629\u060c \u0641\u064a\u0631\u062a\u0641\u0639 \u0627\u0644\u0637\u0644\u0628 \u0639\u0644\u0649 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0628\u0635\u0641\u062a\u0647 \u0639\u0645\u0644\u0629 \u0627\u062d\u062a\u064a\u0627\u0637 \u0648\u062a\u0645\u0648\u064a\u0644 \u0639\u0627\u0644\u0645\u064a\u0629. \u0648\u0644\u0647\u0630\u0627 \u064a\u0628\u062f\u0648 QT \u062f\u0627\u0639\u0645\u0627\u064b \u0644\u0644\u062f\u0648\u0644\u0627\u0631 \u0641\u064a \u0628\u0639\u0636 \u0627\u0644\u0645\u0631\u0627\u062d\u0644 \u0639\u0628\u0631 \u0642\u0646\u0627\u062a\u064a\u0646: \u062c\u0627\u0630\u0628\u064a\u0629 \u0627\u0644\u0639\u0627\u0626\u062f \u0648\u0627\u0644\u0639\u0632\u0648\u0641 \u0639\u0646 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629. \u0644\u0643\u0646 \u0642\u064a\u0627\u0633 \u0645\u0633\u0627\u0647\u0645\u062a\u0647 \u0627\u0644\u0645\u0646\u0641\u0635\u0644\u0629 \u0635\u0639\u0628\u060c \u0644\u0623\u0646 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0642\u062f \u064a\u0631\u0641\u0639 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0641\u064a \u0627\u0644\u0641\u062a\u0631\u0629 \u0646\u0641\u0633\u0647\u0627 \u0648\u062a\u062a\u063a\u064a\u0631 \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0646\u0645\u0648 \u0648\u0627\u0644\u062a\u0636\u062e\u0645.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0648\u0627\u0644\u062e\u0644\u0627\u0635\u0629 \u0627\u0644\u0639\u0645\u0644\u064a\u0629 \u0647\u0646\u0627 \u0648\u0627\u0636\u062d\u0629: QT \u0648\u062d\u062f\u0647 \u0646\u0627\u062f\u0631\u0627\u064b \u0645\u0627 \u064a\u0643\u0648\u0646 \u0627\u0644\u0645\u062d\u0631\u0643 \u0627\u0644\u0631\u0626\u064a\u0633\u064a \u0644\u062d\u0631\u0643\u0629 \u0627\u0644\u062f\u0648\u0644\u0627\u0631\u061b \u0641\u0647\u0648 \u0639\u0627\u0645\u0644 \u0645\u0633\u0627\u0639\u062f \u064a\u0639\u0645\u0644 \u0641\u064a \u0627\u0644\u062e\u0644\u0641\u064a\u0629\u060c \u0628\u064a\u0646\u0645\u0627 \u062a\u062a\u0635\u062f\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0648\u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0627\u0644\u0645\u0634\u0647\u062f.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0648\u0642\u062f \u062a\u062d\u062f\u062b \u0627\u0644\u0646\u062a\u064a\u062c\u0629 \u0627\u0644\u0645\u0639\u0627\u0643\u0633\u0629 \u062a\u0645\u0627\u0645\u0627\u064b. \u0625\u0630\u0627 \u0631\u0623\u0649 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646 \u0623\u0646 QT \u064a\u0647\u062f\u062f \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0623\u0648 \u064a\u0633\u0631\u0651\u0639 \u0627\u0644\u0631\u0643\u0648\u062f\u060c \u0641\u0642\u062f \u064a\u0628\u062f\u0624\u0648\u0646 \u062a\u0633\u0639\u064a\u0631 \u062e\u0641\u0636 \u0627\u0644\u0641\u0627\u0626\u062f\u0629\u060c \u0641\u062a\u0647\u0628\u0637 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0645\u062a\u0648\u0642\u0639\u0629 \u0648\u064a\u0636\u0639\u0641 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u0627\u0645 \u0639\u0645\u0644\u0629 \u064a\u062a\u0628\u0639 \u0628\u0646\u0643\u0647\u0627 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0645\u0633\u0627\u0631\u0627\u064b \u0623\u0634\u062f. \u0643\u0630\u0644\u0643 \u0642\u062f \u062a\u0631\u062a\u0641\u0639 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0637\u0648\u064a\u0644\u0629 \u0628\u0633\u0628\u0628 \u0632\u064a\u0627\u062f\u0629 \u0627\u0644\u0639\u0631\u0636 \u0628\u064a\u0646\u0645\u0627 \u0644\u0627 \u064a\u062a\u062d\u0633\u0646 \u0627\u0644\u0639\u0627\u0626\u062f \u0627\u0644\u062d\u0642\u064a\u0642\u064a \u0623\u0648 \u0627\u0644\u062b\u0642\u0629\u060c \u0641\u0644\u0627 \u064a\u062a\u062d\u0648\u0644 \u0627\u0644\u0627\u0631\u062a\u0641\u0627\u0639 \u0628\u0627\u0644\u0636\u0631\u0648\u0631\u0629 \u0625\u0644\u0649 \u062f\u0639\u0645 \u0645\u0633\u062a\u062f\u0627\u0645 \u0644\u0644\u0639\u0645\u0644\u0629.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0648\u062a\u062a\u064a\u062d \u0633\u0644\u0633\u0644\u0629 WALCL \u0641\u064a FRED \u0645\u062a\u0627\u0628\u0639\u0629 \u0625\u062c\u0645\u0627\u0644\u064a \u0623\u0635\u0648\u0644 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0623\u0633\u0628\u0648\u0639\u064a\u0627\u064b \u0627\u0633\u062a\u0646\u0627\u062f\u0627\u064b \u0625\u0644\u0649 \u062a\u0642\u0631\u064a\u0631 H.4.1. \u0644\u0643\u0646\u0647\u0627 \u062a\u0634\u0645\u0644 \u0623\u0643\u062b\u0631 \u0645\u0646 \u0645\u062d\u0641\u0638\u0629 \u0627\u0644\u0633\u0646\u062f\u0627\u062a\u060c \u0644\u0630\u0644\u0643 \u064a\u062c\u0628 \u062a\u0641\u0633\u064a\u0631\u0647\u0627 \u0645\u0639 \u062a\u0641\u0627\u0635\u064a\u0644 \u0627\u0644\u062d\u064a\u0627\u0632\u0627\u062a \u0648\u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a \u0648\u0627\u0644\u062a\u0633\u0647\u064a\u0644\u0627\u062a\u060c \u0644\u0627 \u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0643\u0644 \u0627\u0631\u062a\u0641\u0627\u0639 \u0623\u0648 \u0627\u0646\u062e\u0641\u0627\u0636 \u0623\u0633\u0628\u0648\u0639\u064a \u0643\u0625\u0634\u0627\u0631\u0629 \u062a\u062f\u0627\u0648\u0644 \u0645\u0633\u062a\u0642\u0644\u0629. (<\/span><a href=\"https:\/\/fred.stlouisfed.org\/series\/WALCL\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">FRED<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/p>\n<h2><b>\u0627\u0644\u0641\u0631\u0642 \u0628\u064a\u0646 \u062a\u063a\u064a\u064a\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0648\u062a\u063a\u064a\u064a\u0631 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">\u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u064a\u0633\u062a\u0647\u062f\u0641 \u062a\u0643\u0644\u0641\u0629 \u0627\u0644\u0623\u0645\u0648\u0627\u0644 \u0627\u0644\u0642\u0635\u064a\u0631\u0629 \u0648\u064a\u0624\u062b\u0631 \u0628\u0633\u0631\u0639\u0629 \u0641\u064a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0633\u0648\u0642 \u0648\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a. \u0623\u0645\u0627 QE \u0648QT \u0641\u064a\u063a\u064a\u0631\u0627\u0646 \u0643\u0645\u064a\u0629 \u0648\u0645\u062f\u0629 \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u062a\u064a \u064a\u062d\u0645\u0644\u0647\u0627 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0648\u0627\u0644\u062c\u0645\u0647\u0648\u0631\u060c \u0648\u064a\u0633\u062a\u0647\u062f\u0641\u0627\u0646 \u0628\u0635\u0648\u0631\u0629 \u0623\u0643\u0628\u0631 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0637\u0648\u064a\u0644\u0629 \u0648\u0639\u0644\u0627\u0648\u0629 \u0627\u0644\u0623\u062c\u0644 \u0648\u0627\u0644\u0633\u064a\u0648\u0644\u0629. \u0627\u0644\u0623\u062f\u0627\u062a\u0627\u0646 \u062a\u062a\u0641\u0627\u0639\u0644\u0627\u0646\u060c \u0644\u0643\u0646\u0647\u0645\u0627 \u0644\u064a\u0633\u062a\u0627 \u0628\u062f\u064a\u0644\u064a\u0646 \u0645\u062a\u0637\u0627\u0628\u0642\u064a\u0646.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0642\u062f \u064a\u0631\u0641\u0639 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0628\u064a\u0646\u0645\u0627 \u064a\u0633\u062a\u0645\u0631 \u0645\u0624\u0642\u062a\u0627\u064b \u0641\u064a \u0625\u0639\u0627\u062f\u0629 \u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0633\u0646\u062f\u0627\u062a\u060c \u0623\u0648 \u064a\u0628\u062f\u0623 QT \u0628\u0639\u062f \u0628\u062f\u0621 \u062f\u0648\u0631\u0629 \u0627\u0644\u0631\u0641\u0639. \u0648\u0642\u062f \u064a\u062e\u0641\u0636 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0645\u0639 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0645\u0633\u062a\u0642\u0631\u0629\u060c \u0623\u0648 \u064a\u0648\u0642\u0641 QT \u0644\u0623\u0633\u0628\u0627\u0628 \u062a\u062a\u0639\u0644\u0642 \u0628\u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a \u0645\u0646 \u062f\u0648\u0646 \u0623\u0646 \u064a\u0628\u062f\u0623 QE \u062c\u062f\u064a\u062f\u0627\u064b. \u0644\u0630\u0627 \u0641\u0625\u0646 \u062a\u0648\u0642\u0641 \u0627\u0644\u0627\u0646\u0643\u0645\u0627\u0634 \u0644\u0627 \u064a\u0639\u0646\u064a \u062a\u0644\u0642\u0627\u0626\u064a\u0627\u064b \u062a\u062d\u0648\u0644\u0627\u064b \u0625\u0644\u0649 \u0627\u0644\u062a\u064a\u0633\u064a\u0631\u060c \u0648\u062b\u0628\u0627\u062a \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0644\u0627 \u064a\u0639\u0646\u064a \u062d\u064a\u0627\u062f \u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u0628\u0627\u0644\u0643\u0627\u0645\u0644.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0643\u0630\u0644\u0643 \u062a\u062e\u062a\u0644\u0641 \u062f\u0642\u0629 \u0627\u0644\u0625\u0634\u0627\u0631\u0629. \u0642\u0631\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0644\u0647 \u0645\u0633\u062a\u0648\u0649 \u0645\u0639\u0644\u0646 \u0648\u062a\u0648\u0642\u064a\u062a \u0645\u062d\u062f\u062f\u060c \u0628\u064a\u0646\u0645\u0627 \u064a\u0639\u062a\u0645\u062f \u0623\u062b\u0631 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0639\u0644\u0649 \u0627\u0644\u0633\u0642\u0648\u0641 \u0648\u0627\u0644\u0627\u0633\u062a\u062d\u0642\u0627\u0642\u0627\u062a \u0648\u062a\u0631\u0643\u064a\u0628\u0629 \u0627\u0644\u0623\u0635\u0648\u0644 \u0648\u0627\u0644\u0637\u0644\u0628 \u0639\u0644\u0649 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a. \u0648\u0642\u062f\u0651\u0645\u062a \u0623\u0628\u062d\u0627\u062b \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u062a\u0642\u062f\u064a\u0631\u0627\u062a \u0644\u0645\u0639\u0627\u062f\u0644\u0629 \u0623\u062b\u0631 \u062a\u0642\u0644\u064a\u0635 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0628\u0631\u0641\u0639 \u0627\u0644\u0641\u0627\u0626\u062f\u0629\u060c \u0644\u0643\u0646\u0647\u0627 \u062a\u0624\u0643\u062f \u0623\u0646 \u0627\u0644\u0646\u062a\u0627\u0626\u062c \u062a\u0648\u0636\u064a\u062d\u064a\u0629 \u0648\u062a\u0639\u062a\u0645\u062f \u0639\u0644\u0649 \u0627\u0641\u062a\u0631\u0627\u0636\u0627\u062a \u0648\u0644\u064a\u0633\u062a \u0646\u0633\u0628\u0629 \u062b\u0627\u0628\u062a\u0629 \u0635\u0627\u0644\u062d\u0629 \u0644\u0643\u0644 \u062f\u0648\u0631\u0629. (<\/span><a href=\"https:\/\/www.federalreserve.gov\/econres\/notes\/feds-notes\/substitutability-between-balance-sheet-reductions-and-policy-rate-hikes-some-illustrations-20220603.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0625\u0644\u0649 \u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0646\u0642\u062f\u064a\u0629 \u0648\u0627\u0644\u0641\u0648\u0631\u0643\u0633\u060c \u0627\u0644\u0642\u0627\u0639\u062f\u0629 \u0627\u0644\u0639\u0645\u0644\u064a\u0629 \u0647\u064a \u062c\u0645\u0639 \u0627\u0644\u0623\u062f\u0627\u062a\u064a\u0646 \u0641\u064a \u0645\u0624\u0634\u0631 \u0648\u0627\u062d\u062f \u0644\u0644\u0623\u0648\u0636\u0627\u0639 \u0627\u0644\u0646\u0633\u0628\u064a\u0629: \u0631\u0641\u0639 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0645\u0639 QT \u064a\u0639\u062f \u0623\u0634\u062f \u0628\u0648\u0636\u0648\u062d \u0645\u0646 \u0631\u0641\u0639\u0647\u0627 \u0645\u0639 QE. \u0644\u0643\u0646 \u0642\u0648\u0629 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u062a\u0639\u062a\u0645\u062f \u0623\u064a\u0636\u0627\u064b \u0639\u0644\u0649 \u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0634\u0631\u064a\u0643 \u0641\u064a \u0632\u0648\u062c \u0627\u0644\u0639\u0645\u0644\u0627\u062a\u060c \u0648\u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646 \u0627\u0644\u0645\u0633\u0627\u0631 \u0627\u0644\u062c\u062f\u064a\u062f \u0645\u0641\u0627\u062c\u0626\u0627\u064b \u0623\u0648 \u0645\u0633\u0639\u0651\u0631\u0627\u064b \u0628\u0627\u0644\u0643\u0627\u0645\u0644.<\/span><\/p>\n<h2><b>\u0623\u0645\u062b\u0644\u0629 \u062a\u0627\u0631\u064a\u062e\u064a\u0629 \u0639\u0644\u0649 \u062a\u062d\u0631\u0643\u0627\u062a \u0627\u0644\u062f\u0648\u0644\u0627\u0631<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">\u0628\u0639\u062f \u0623\u0632\u0645\u0629 2008\u060c \u062a\u0648\u0633\u0639\u062a \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 \u0639\u0628\u0631 \u0628\u0631\u0627\u0645\u062c \u0634\u0631\u0627\u0621 \u0645\u062a\u0639\u062f\u062f\u0629\u060c \u0644\u0643\u0646 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0644\u0645 \u064a\u062a\u062d\u0631\u0643 \u0641\u064a \u0627\u062a\u062c\u0627\u0647 \u0648\u0627\u062d\u062f \u0637\u0648\u0627\u0644 \u0627\u0644\u0641\u062a\u0631\u0629. \u0641\u0642\u062f \u0627\u0633\u062a\u0641\u0627\u062f \u0623\u0648\u0644\u0627\u064b \u0645\u0646 \u0637\u0644\u0628 \u0627\u0644\u0645\u0644\u0627\u0630 \u0623\u062b\u0646\u0627\u0621 \u0627\u0644\u0630\u0639\u0631\u060c \u062b\u0645 \u062a\u0639\u0631\u0636 \u0644\u0636\u063a\u0648\u0637 \u0641\u064a \u0645\u0631\u0627\u062d\u0644 \u062a\u0631\u0627\u062c\u0639 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0648\u062a\u062d\u0633\u0646 \u0627\u0644\u0625\u0642\u0628\u0627\u0644 \u0639\u0644\u0649 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629. \u064a\u0648\u0636\u062d \u0630\u0644\u0643 \u0623\u0646 \u0625\u0639\u0644\u0627\u0646 QE \u0644\u0627 \u064a\u0645\u062d\u0648 \u0641\u0648\u0631\u0627\u064b \u0623\u062b\u0631 \u0627\u0644\u0623\u0632\u0645\u0629 \u0627\u0644\u062a\u064a \u0627\u0633\u062a\u062f\u0639\u062a \u0627\u0644\u0628\u0631\u0646\u0627\u0645\u062c.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0648\u0641\u064a 2020\u060c \u0627\u0631\u062a\u0641\u0639 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0628\u0642\u0648\u0629 \u0641\u064a \u0630\u0631\u0648\u0629 \u0627\u0644\u0628\u062d\u062b \u0627\u0644\u0639\u0627\u0644\u0645\u064a \u0639\u0646 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u062e\u0644\u0627\u0644 \u0645\u0627\u0631\u0633\u060c \u0631\u063a\u0645 \u0627\u0646\u062a\u0642\u0627\u0644 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0625\u0644\u0649 \u0625\u062c\u0631\u0627\u0621\u0627\u062a \u062a\u064a\u0633\u064a\u0631\u064a\u0629 \u0627\u0633\u062a\u062b\u0646\u0627\u0626\u064a\u0629. \u0648\u0628\u0639\u062f \u0627\u0633\u062a\u0642\u0631\u0627\u0631 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0648\u0627\u062a\u0633\u0627\u0639 \u0627\u0644\u062a\u062d\u0641\u064a\u0632 \u0648\u0639\u0648\u062f\u0629 \u0627\u0644\u0625\u0642\u0628\u0627\u0644 \u0639\u0644\u0649 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629\u060c \u0636\u0639\u0641 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u062e\u0644\u0627\u0644 \u0623\u062c\u0632\u0627\u0621 \u0645\u0647\u0645\u0629 \u0645\u0646 \u0627\u0644\u0639\u0627\u0645. \u0643\u0627\u0646\u062a \u0627\u0644\u0645\u0631\u062d\u0644\u0629 \u0648\u0627\u0644\u0633\u064a\u0627\u0642 \u0623\u0647\u0645 \u0645\u0646 \u0645\u062c\u0631\u062f \u0648\u0635\u0641 \u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u0628\u0623\u0646\u0647\u0627 QE.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0628\u062f\u0623\u062a \u062c\u0648\u0644\u0629 \u062a\u0637\u0628\u064a\u0639 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0627\u0644\u0633\u0627\u0628\u0642\u0629 \u0641\u064a 2017\u060c \u0648\u0645\u0639 \u0630\u0644\u0643 \u0644\u0645 \u064a\u0631\u062a\u0641\u0639 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0628\u0635\u0648\u0631\u0629 \u0645\u062a\u0635\u0644\u0629 \u0645\u0646\u0630 \u0627\u0644\u064a\u0648\u0645 \u0627\u0644\u0623\u0648\u0644\u061b \u0641\u0642\u062f \u0623\u062b\u0631\u062a \u0641\u0631\u0648\u0642 \u0627\u0644\u0646\u0645\u0648 \u0648\u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u0648\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0641\u064a \u0645\u0633\u0627\u0631\u0647. \u062b\u0645 \u062c\u0627\u0621 \u062a\u0634\u062f\u064a\u062f 2022 \u0628\u0627\u0644\u062a\u0632\u0627\u0645\u0646 \u0645\u0639 \u0632\u064a\u0627\u062f\u0627\u062a \u0633\u0631\u064a\u0639\u0629 \u0644\u0644\u0641\u0627\u0626\u062f\u0629\u060c \u0648\u0627\u0631\u062a\u0641\u0639 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0628\u0642\u0648\u0629 \u062e\u0644\u0627\u0644 \u062c\u0627\u0646\u0628 \u0645\u0646 \u062a\u0644\u0643 \u0627\u0644\u0633\u0646\u0629. \u0644\u0643\u0646 \u0646\u0633\u0628\u0629 \u0627\u0644\u062d\u0631\u0643\u0629 \u0627\u0644\u062a\u064a \u0633\u0628\u0628\u0647\u0627 QT \u0648\u062d\u062f\u0647 \u0644\u0627 \u064a\u0645\u0643\u0646 \u0641\u0635\u0644\u0647\u0627 \u0628\u0628\u0633\u0627\u0637\u0629 \u0639\u0646 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0648\u0627\u0644\u062d\u0631\u0628 \u0648\u0627\u0644\u0637\u0627\u0642\u0629 \u0648\u0627\u0644\u0644\u062c\u0648\u0621 \u0625\u0644\u0649 \u0627\u0644\u0623\u0645\u0627\u0646.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0627\u0644\u062f\u0631\u0633 \u0627\u0644\u0645\u0634\u062a\u0631\u0643 \u0628\u064a\u0646 \u0647\u0630\u0647 \u0627\u0644\u0645\u0631\u0627\u062d\u0644 \u0627\u0644\u0623\u0631\u0628\u0639 \u0648\u0627\u062d\u062f: \u0641\u064a \u0643\u0644 \u0645\u0631\u0629 \u062a\u062d\u0631\u0643 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0648\u0641\u0642 \u0627\u0644\u0633\u064a\u0627\u0642 \u0627\u0644\u0639\u0627\u0645 \u0644\u0627 \u0648\u0641\u0642 \u0639\u0646\u0648\u0627\u0646 \u0627\u0644\u0628\u0631\u0646\u0627\u0645\u062c. \u064a\u0645\u0643\u0646 \u0645\u0642\u0627\u0631\u0646\u0629 \u062a\u0644\u0643 \u0627\u0644\u0645\u0631\u0627\u062d\u0644 \u0628\u0645\u0624\u0634\u0631 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0627\u0644\u062a\u062c\u0627\u0631\u064a \u0627\u0644\u0648\u0627\u0633\u0639 \u0648\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629\u060c \u0645\u0639 \u062a\u062c\u0646\u0628 \u0627\u062e\u062a\u064a\u0627\u0631 \u062a\u0627\u0631\u064a\u062e \u0648\u0627\u062d\u062f \u0644\u0625\u062b\u0628\u0627\u062a \u0639\u0644\u0627\u0642\u0629 \u062b\u0627\u0628\u062a\u0629. \u0648\u062a\u0639\u0631\u0636 FRED \u0645\u0624\u0634\u0631\u0627\u064b \u0645\u0631\u062c\u062d\u0627\u064b \u0628\u0627\u0644\u062a\u062c\u0627\u0631\u0629 \u0644\u0642\u064a\u0645\u0629 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0645\u0642\u0627\u0628\u0644 \u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0634\u0631\u0643\u0627\u0621 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u064a\u0646\u060c \u0645\u0627 \u064a\u0633\u0627\u0639\u062f \u0639\u0644\u0649 \u062f\u0631\u0627\u0633\u0629 \u0627\u0644\u062d\u0631\u0643\u0629 \u062a\u0627\u0631\u064a\u062e\u064a\u0627\u064b \u0625\u0644\u0649 \u062c\u0627\u0646\u0628 \u0642\u0631\u0627\u0631\u0627\u062a \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a. (<\/span><a href=\"https:\/\/fred.stlouisfed.org\/series\/DTWEXBGS\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">FRED<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/p>\n<h2><b>\u0643\u064a\u0641 \u064a\u0633\u062a\u0639\u062f \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u0644\u0645\u0631\u0627\u062d\u0644 QE\/QT\u061f<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">\u064a\u0628\u062f\u0623 \u0627\u0644\u0627\u0633\u062a\u0639\u062f\u0627\u062f \u0628\u0642\u0631\u0627\u0621\u0629 \u0628\u064a\u0627\u0646 \u0644\u062c\u0646\u0629 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0645\u0641\u062a\u0648\u062d\u0629 \u0648\u0627\u0644\u0645\u0644\u062d\u0642 \u0627\u0644\u062e\u0627\u0635 \u0628\u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629\u060c \u062b\u0645 \u062a\u062d\u062f\u064a\u062f \u062a\u0627\u0631\u064a\u062e \u0628\u062f\u0621 \u0627\u0644\u0628\u0631\u0646\u0627\u0645\u062c \u0648\u0633\u0642\u0648\u0641\u0647 \u0648\u062a\u0631\u0643\u064a\u0628\u0629 \u0627\u0644\u0623\u0635\u0648\u0644 \u0648\u0642\u0648\u0627\u0639\u062f \u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631. \u0644\u0627 \u064a\u0643\u0641\u064a \u0639\u0646\u0648\u0627\u0646 &#8220;\u0628\u062f\u0621 QT&#8221;\u060c \u0644\u0623\u0646 \u0627\u0644\u0633\u0648\u0642 \u0642\u062f \u064a\u0643\u0648\u0646 \u0642\u062f \u0633\u0639\u0651\u0631\u0647 \u0645\u0646\u0630 \u0623\u0634\u0647\u0631\u060c \u0628\u064a\u0646\u0645\u0627 \u062a\u062d\u0631\u0643\u0647 \u0627\u0644\u0645\u0641\u0627\u062c\u0623\u0629 \u0641\u064a \u0627\u0644\u0633\u0631\u0639\u0629 \u0623\u0648 \u0645\u0648\u0639\u062f \u0627\u0644\u0625\u064a\u0642\u0627\u0641.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u064a\u0645\u0643\u0646 \u062a\u0646\u0638\u064a\u0645 \u0627\u0644\u0645\u062a\u0627\u0628\u0639\u0629 \u0641\u064a \u0627\u0644\u062e\u0637\u0648\u0627\u062a \u0627\u0644\u0622\u062a\u064a\u0629:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u0642\u0627\u0631\u0646 \u0627\u0644\u0645\u0633\u0627\u0631 \u0627\u0644\u0645\u0639\u0644\u0646 \u0644\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0628\u0645\u0627 \u0643\u0627\u0646 \u0645\u062a\u0648\u0642\u0639\u0627\u064b \u0642\u0628\u0644 \u0627\u0644\u0627\u062c\u062a\u0645\u0627\u0639.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u0631\u0627\u0642\u0628 \u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0627\u0644\u0627\u0633\u0645\u064a\u0629 \u0648\u0627\u0644\u062d\u0642\u064a\u0642\u064a\u0629\u060c \u0648\u0644\u0627 \u062a\u0641\u062a\u0631\u0636 \u0623\u0646 QT \u0633\u064a\u0631\u0641\u0639\u0647\u0627 \u062f\u0627\u0626\u0645\u0627\u064b.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u062a\u0627\u0628\u0639 \u0641\u0631\u0648\u0642 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0648\u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0628\u064a\u0646 \u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0627\u0644\u0645\u062a\u062d\u062f\u0629 \u0648\u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0645\u0642\u0627\u0628\u0644 \u0641\u064a \u0627\u0644\u0632\u0648\u062c.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u0627\u0641\u062d\u0635 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a \u0648\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0648\u0645\u0639\u062f\u0644\u0627\u062a \u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u0634\u0631\u0627\u0621 \u0628\u062d\u062b\u0627\u064b \u0639\u0646 \u0636\u063a\u0648\u0637 \u0633\u064a\u0648\u0644\u0629.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u0631\u0627\u0642\u0628 \u0627\u0644\u0623\u0633\u0647\u0645 \u0648\u0627\u0644\u0627\u0626\u062a\u0645\u0627\u0646 \u0648\u0627\u0644\u062a\u0642\u0644\u0628 \u0644\u062a\u062d\u062f\u064a\u062f \u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646 \u0627\u0644\u0625\u0642\u0628\u0627\u0644 \u0639\u0644\u0649 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629 \u064a\u062a\u062d\u0633\u0646 \u0623\u0648 \u064a\u0646\u0643\u0645\u0634.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u0627\u0633\u062a\u062e\u062f\u0645 \u062d\u0631\u0643\u0629 \u0627\u0644\u0633\u0639\u0631 \u0644\u062a\u0623\u0643\u064a\u062f \u0627\u0644\u0633\u064a\u0646\u0627\u0631\u064a\u0648\u060c \u0648\u062d\u062f\u062f \u0646\u0642\u0637\u0629 \u0625\u0628\u0637\u0627\u0644\u0647 \u0642\u0628\u0644 \u0641\u062a\u062d \u0627\u0644\u0635\u0641\u0642\u0629.<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">\u0639\u0644\u0649 \u0645\u062a\u062f\u0627\u0648\u0644 EUR\/USD \u0645\u062b\u0644\u0627\u064b \u0645\u0642\u0627\u0631\u0646\u0629 \u0645\u0648\u0642\u0641 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0628\u0645\u0648\u0642\u0641 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u060c \u0644\u0627 \u0645\u0631\u0627\u0642\u0628\u0629 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0648\u062d\u062f\u0647\u0627. \u0623\u0645\u0627 USD\/JPY \u0641\u064a\u062a\u0637\u0644\u0628 \u0641\u0647\u0645 \u0633\u064a\u0627\u0633\u0629 \u0628\u0646\u0643 \u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u0648\u0641\u0631\u0648\u0642 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0637\u0648\u064a\u0644\u0629. \u0648\u0639\u0646\u062f \u062a\u0636\u0627\u0631\u0628 \u0623\u062b\u0631 \u0627\u0644\u0639\u0627\u0626\u062f \u0645\u0639 \u0623\u062b\u0631 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629\u060c \u064a\u0641\u0636\u0651\u0644 \u062e\u0641\u0636 \u062d\u062c\u0645 \u0627\u0644\u0635\u0641\u0642\u0629 \u0648\u0627\u0646\u062a\u0638\u0627\u0631 \u0627\u0633\u062a\u0642\u0631\u0627\u0631 \u0627\u0644\u062a\u0641\u0627\u0639\u0644 \u0628\u062f\u0644\u0627\u064b \u0645\u0646 \u0627\u0644\u0627\u0639\u062a\u0645\u0627\u062f \u0639\u0644\u0649 \u062a\u0648\u0642\u0639 \u0646\u0638\u0631\u064a. \u0648\u064a\u0645\u0643\u0646 \u062a\u0646\u0641\u064a\u0630 \u0647\u0630\u0647 \u0627\u0644\u0645\u062a\u0627\u0628\u0639\u0629 \u0648\u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0635\u0641\u0642\u0627\u062a \u0639\u0628\u0631 <\/span><strong><a href=\"https:\/\/otetmarkets.net\/platform-ctrader\/\">\u0645\u0646\u0635\u0629 cTrader<\/a><\/strong><span style=\"font-weight: 400;\"> \u0645\u0639 \u0645\u0631\u0627\u0642\u0628\u0629 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0648\u062d\u0631\u0643\u0629 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0627\u0644\u0641\u0639\u0644\u064a.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0648\u0645\u0646 \u0627\u0644\u0645\u0641\u064a\u062f \u0627\u0644\u062a\u0645\u064a\u064a\u0632 \u0628\u064a\u0646 \u0627\u0644\u0623\u062b\u0631 \u0627\u0644\u0645\u0639\u0644\u0646 \u0648\u0627\u0644\u0623\u062b\u0631 \u0627\u0644\u0647\u0627\u0645\u0634\u064a. \u0641\u0642\u062f \u062a\u0628\u0642\u0649 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0643\u0628\u064a\u0631\u0629\u060c \u0644\u0643\u0646 \u0627\u0644\u0633\u0648\u0642 \u064a\u062a\u0641\u0627\u0639\u0644 \u0645\u0639 \u062a\u063a\u064a\u0631 \u0648\u062a\u064a\u0631\u0629 \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0623\u0648 \u0627\u0644\u0627\u0646\u0643\u0645\u0627\u0634 \u0623\u0643\u062b\u0631 \u0645\u0646 \u0627\u0644\u0645\u0633\u062a\u0648\u0649 \u0627\u0644\u0645\u062c\u0631\u062f. \u062a\u0628\u0627\u0637\u0624 QT \u064a\u0639\u062f \u0623\u0642\u0644 \u062a\u0634\u062f\u062f\u0627\u064b \u0645\u0646 \u0627\u0644\u0645\u0633\u0627\u0631 \u0627\u0644\u0633\u0627\u0628\u0642\u060c \u0644\u0643\u0646\u0647 \u0644\u0627 \u064a\u0633\u0627\u0648\u064a \u0628\u0627\u0644\u0636\u0631\u0648\u0631\u0629 \u062a\u064a\u0633\u064a\u0631\u0627\u064b \u0635\u0627\u0641\u064a\u0627\u064b. \u0648\u0628\u0627\u0644\u0645\u062b\u0644\u060c \u062e\u0641\u0636 \u0645\u0634\u062a\u0631\u064a\u0627\u062a QE \u064a\u0639\u0646\u064a \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u062a\u0648\u0633\u0639 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0628\u0633\u0631\u0639\u0629 \u0623\u0628\u0637\u0623\u060c \u0644\u0627 \u0628\u062f\u0621 \u062a\u0642\u0644\u064a\u0635\u0647\u0627.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0644\u0647\u0630\u0627 \u064a\u0628\u0646\u064a \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u062e\u0637\u0627\u064b \u0632\u0645\u0646\u064a\u0627\u064b \u064a\u0636\u0645 \u0627\u0644\u0625\u0639\u0644\u0627\u0646 \u0648\u0627\u0644\u062a\u0646\u0641\u064a\u0630 \u0648\u0627\u0644\u062a\u0639\u062f\u064a\u0644\u0627\u062a\u060c \u0648\u064a\u0633\u062c\u0644 \u0627\u0633\u062a\u062c\u0627\u0628\u0629 \u0639\u0627\u0626\u062f \u0627\u0644\u0633\u0646\u062a\u064a\u0646 \u0648\u0627\u0644\u0639\u0634\u0631 \u0633\u0646\u0648\u0627\u062a \u0648\u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0628\u0639\u062f \u0643\u0644 \u0645\u0631\u062d\u0644\u0629. \u0647\u0630\u0627 \u0627\u0644\u0633\u062c\u0644 \u0647\u0648 \u0645\u0627 \u064a\u062d\u0648\u0651\u0644 \u0627\u0644\u0645\u062a\u0627\u0628\u0639\u0629 \u0645\u0646 \u0627\u0646\u0637\u0628\u0627\u0639 \u0634\u062e\u0635\u064a \u0625\u0644\u0649 \u0642\u0627\u0639\u062f\u0629 \u0628\u064a\u0627\u0646\u0627\u062a \u0635\u063a\u064a\u0631\u0629 \u064a\u0645\u0643\u0646 \u0627\u0644\u0631\u062c\u0648\u0639 \u0625\u0644\u064a\u0647\u0627 \u0641\u064a \u0627\u0644\u062f\u0648\u0631\u0629 \u0627\u0644\u062a\u0627\u0644\u064a\u0629.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0648\u0625\u0630\u0627 \u062a\u062d\u0631\u0643\u062a \u0627\u0644\u0639\u0645\u0644\u0629 \u0639\u0643\u0633 \u0627\u0644\u0641\u0631\u0636\u064a\u0629\u060c \u064a\u062c\u0628 \u0627\u0644\u0628\u062d\u062b \u0639\u0646 \u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0622\u062e\u0631 \u0623\u0648 \u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0646\u0645\u0648 \u0623\u0648 \u0637\u0644\u0628 \u0627\u0644\u0645\u0644\u0627\u0630\u060c \u0644\u0627 \u0645\u0636\u0627\u0639\u0641\u0629 \u0627\u0644\u0635\u0641\u0642\u0629. \u0641\u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u062a\u0633\u0639\u0651\u0631 \u0627\u0644\u062a\u063a\u064a\u0631 \u0627\u0644\u0642\u0627\u062f\u0645 \u0642\u0628\u0644 \u0638\u0647\u0648\u0631\u0647 \u0641\u064a \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0623\u0633\u0628\u0648\u0639\u064a\u0629\u060c \u0648\u0642\u062f \u064a\u0646\u062a\u0647\u064a \u0627\u0644\u062c\u0632\u0621 \u0627\u0644\u0623\u0643\u0628\u0631 \u0645\u0646 \u0627\u0644\u062d\u0631\u0643\u0629 \u062d\u064a\u0646 \u064a\u0624\u0643\u062f \u0627\u0644\u062a\u0642\u0631\u064a\u0631 \u0645\u0627 \u0623\u0635\u0628\u062d \u0645\u0639\u0631\u0648\u0641\u0627\u064b \u0645\u0633\u0628\u0642\u0627\u064b. \u0648\u0644\u0623\u0646 \u0633\u064a\u0646\u0627\u0631\u064a\u0648\u0647\u0627\u062a \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u062a\u064f\u0642\u0627\u0633 \u0628\u0627\u0644\u0623\u0633\u0627\u0628\u064a\u0639 \u0644\u0627 \u0628\u0627\u0644\u0633\u0627\u0639\u0627\u062a\u060c \u0642\u062f \u062a\u0645\u062a\u062f \u0627\u0644\u0635\u0641\u0642\u0629 \u0623\u064a\u0627\u0645\u0627\u064b\u060c \u0645\u0627 \u064a\u062c\u0639\u0644 \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0628\u064a\u064a\u062a \u062c\u0632\u0621\u0627\u064b \u0645\u0646 \u0627\u0644\u062d\u0633\u0627\u0628\u061b \u0648\u064a\u0645\u0643\u0646 \u0647\u0646\u0627 \u062f\u0631\u0627\u0633\u0629 <\/span><strong><a href=\"https:\/\/otetmarkets.net\/no-swap-account\/\">\u062d\u0633\u0627\u0628 No Swap<\/a><\/strong><span style=\"font-weight: 400;\"> \u0648\u0641\u0642 \u0634\u0631\u0648\u0637 \u0627\u0644\u062d\u0633\u0627\u0628.<\/span><\/p>\n<h2><b>\u0623\u062e\u0637\u0627\u0621 \u0634\u0627\u0626\u0639\u0629 \u0641\u064a \u0641\u0647\u0645 \u0623\u062b\u0631 \u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0646\u0642\u062f\u064a\u0629<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u0627\u0639\u062a\u0628\u0627\u0631 QE \u0637\u0628\u0627\u0639\u0629 \u0646\u0642\u062f\u064a\u0629 \u062a\u0635\u0644 \u0645\u0628\u0627\u0634\u0631\u0629 \u0625\u0644\u0649 \u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643:<\/b><span style=\"font-weight: 400;\"> \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u062a\u0646\u0634\u0626 \u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a \u0645\u0635\u0631\u0641\u064a\u0629\u060c \u0648\u0627\u0646\u062a\u0642\u0627\u0644\u0647\u0627 \u0625\u0644\u0649 \u0627\u0644\u0627\u0626\u062a\u0645\u0627\u0646 \u0648\u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0644\u064a\u0633 \u062a\u0644\u0642\u0627\u0626\u064a\u0627\u064b.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u0627\u0641\u062a\u0631\u0627\u0636 \u0623\u0646 QT \u064a\u0639\u0646\u064a \u0628\u064a\u0639 \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u064a\u0648\u0645\u064a\u0627\u064b:<\/b><span style=\"font-weight: 400;\"> \u063a\u0627\u0644\u0628\u0627\u064b \u064a\u062d\u062f\u062b \u0627\u0644\u062a\u0642\u0644\u064a\u0635 \u0639\u0628\u0631 \u0639\u062f\u0645 \u0625\u0639\u0627\u062f\u0629 \u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0627\u0633\u062a\u062d\u0642\u0627\u0642\u0627\u062a \u0636\u0645\u0646 \u0633\u0642\u0648\u0641 \u0645\u062d\u062f\u062f\u0629.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u0631\u0628\u0637 \u062a\u0648\u0633\u0639 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0628\u0636\u0639\u0641 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u062f\u0627\u0626\u0645\u0627\u064b:<\/b><span style=\"font-weight: 400;\"> \u0627\u0644\u0637\u0644\u0628 \u0627\u0644\u0622\u0645\u0646 \u0648\u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0646\u0633\u0628\u064a\u0629 \u0648\u0627\u0644\u0646\u0645\u0648 \u0642\u062f \u062a\u062f\u0641\u0639 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0625\u0644\u0649 \u0627\u0644\u0627\u0631\u062a\u0641\u0627\u0639.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u0646\u0633\u0628 \u062d\u0631\u0643\u0629 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0625\u0644\u0649 QT \u0648\u062d\u062f\u0647:<\/b><span style=\"font-weight: 400;\"> \u0627\u0644\u062a\u0636\u062e\u0645 \u0648\u0625\u0635\u062f\u0627\u0631\u0627\u062a \u0627\u0644\u062e\u0632\u0627\u0646\u0629 \u0648\u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0648\u0639\u0644\u0627\u0648\u0629 \u0627\u0644\u0623\u062c\u0644 \u062a\u0624\u062b\u0631 \u062c\u0645\u064a\u0639\u0627\u064b \u0641\u064a \u0633\u0648\u0642 \u0627\u0644\u0633\u0646\u062f\u0627\u062a.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u0627\u0644\u062e\u0644\u0637 \u0628\u064a\u0646 \u0625\u064a\u0642\u0627\u0641 QT \u0648\u0628\u062f\u0621 QE:<\/b><span style=\"font-weight: 400;\"> \u0648\u0642\u0641 \u0627\u0644\u0627\u0646\u0643\u0645\u0627\u0634 \u0642\u062f \u064a\u0639\u0646\u064a \u062a\u062b\u0628\u064a\u062a \u0627\u0644\u062d\u064a\u0627\u0632\u0627\u062a\u060c \u0648\u0644\u064a\u0633 \u0625\u0637\u0644\u0627\u0642 \u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0635\u0627\u0641\u064a\u0629 \u062c\u062f\u064a\u062f\u0629.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u062a\u062c\u0627\u0647\u0644 \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0633\u0648\u0642:<\/b><span style=\"font-weight: 400;\"> \u0627\u0644\u0642\u0631\u0627\u0631 \u0627\u0644\u0645\u0633\u0639\u0651\u0631 \u0645\u0633\u0628\u0642\u0627\u064b \u0623\u0642\u0644 \u062a\u0623\u062b\u064a\u0631\u0627\u064b \u0645\u0646 \u062a\u063a\u064a\u064a\u0631 \u0645\u0641\u0627\u062c\u0626 \u0641\u064a \u0627\u0644\u062d\u062c\u0645 \u0623\u0648 \u0627\u0644\u062a\u0648\u0642\u064a\u062a \u0623\u0648 \u0627\u0644\u062a\u0648\u062c\u064a\u0647.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0628\u0631\u0627\u0641\u0639\u0629 \u0645\u0631\u062a\u0641\u0639\u0629 \u0639\u0646\u062f \u0627\u0644\u0625\u0639\u0644\u0627\u0646:<\/b><span style=\"font-weight: 400;\"> \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0642\u062f \u062a\u062a\u0631\u0627\u062c\u0639 \u0645\u0624\u0642\u062a\u0627\u064b\u060c \u0648\u062a\u062a\u0633\u0639 \u0627\u0644\u0641\u0631\u0648\u0642\u060c \u0648\u064a\u062a\u063a\u064a\u0631 \u0627\u0644\u062a\u0641\u0633\u064a\u0631 \u062e\u0644\u0627\u0644 \u0627\u0644\u0645\u0624\u062a\u0645\u0631 \u0627\u0644\u0635\u062d\u0641\u064a.<\/span><\/li>\n<\/ul>\n<h2><b>\u062e\u0627\u062a\u0645\u0629<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">\u064a\u0624\u062b\u0631 \u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u0627\u0644\u0643\u0645\u064a \u0648\u0627\u0644\u062a\u0634\u062f\u064a\u062f \u0627\u0644\u0643\u0645\u064a \u0641\u064a \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0639\u0628\u0631 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0648\u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0648\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0648\u0627\u0644\u0625\u0642\u0628\u0627\u0644 \u0639\u0644\u0649 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629\u060c \u0644\u0643\u0646 \u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u0639\u0645\u0644\u0629 \u0644\u0627 \u064a\u0646\u062a\u062c \u0639\u0646 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0648\u062d\u062f\u0647\u0627. \u0641\u0640QE \u0642\u062f \u064a\u0636\u0639\u0641 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0639\u0646\u062f\u0645\u0627 \u064a\u062e\u0641\u0636 \u0639\u0627\u0626\u062f\u0647 \u0627\u0644\u0646\u0633\u0628\u064a\u060c \u0648\u0642\u062f \u064a\u062f\u0639\u0645\u0647 \u0623\u062b\u0646\u0627\u0621 \u0623\u0632\u0645\u0629\u061b \u0648QT \u0642\u062f \u064a\u0642\u0648\u064a\u0647 \u0639\u0628\u0631 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0623\u0648 \u064a\u0636\u063a\u0637 \u0639\u0644\u064a\u0647 \u0625\u0630\u0627 \u0632\u0627\u062f \u0645\u062e\u0627\u0648\u0641 \u0627\u0644\u0631\u0643\u0648\u062f. \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0623\u0641\u0636\u0644 \u062a\u062c\u0645\u0639 \u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0645\u0639 \u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0642\u0627\u0628\u0644 \u0648\u0627\u0644\u0633\u0639\u0631 \u0627\u0644\u0641\u0639\u0644\u064a.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0627\u062c\u0639\u0644 \u062a\u062d\u0648\u0644\u0627\u062a \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u062c\u0632\u0621\u0627\u064b \u0645\u0646 \u062e\u0637\u062a\u0643 \u0644\u0627 \u0645\u0641\u0627\u062c\u0623\u0629 \u062a\u0639\u0635\u0641 \u0628\u0647\u0627: \u0645\u0639 <\/span><strong><a href=\"https:\/\/otetmarkets.net\/\">Otet Markets<\/a><\/strong><span style=\"font-weight: 400;\"> \u064a\u0645\u0643\u0646\u0643 \u0645\u062a\u0627\u0628\u0639\u0629 \u0623\u0632\u0648\u0627\u062c \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0648\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0633\u0648\u0642\u060c \u062a\u062c\u0647\u064a\u0632 \u0633\u064a\u0646\u0627\u0631\u064a\u0648 \u0642\u0628\u0644 \u0643\u0644 \u0642\u0631\u0627\u0631\u060c \u0648\u062a\u0646\u0641\u064a\u0630 \u062f\u062e\u0648\u0644\u0643 \u0641\u0642\u0637 \u0639\u0646\u062f\u0645\u0627 \u062a\u062a\u0641\u0642 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0648\u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0648\u0627\u0644\u0633\u0639\u0631. \u0623\u0646\u0634\u0626 \u062d\u0633\u0627\u0628\u0643 \u0627\u0644\u0622\u0646 \u0648\u0627\u0646\u062a\u0642\u0644 \u0645\u0646 \u0645\u0644\u0627\u062d\u0642\u0629 \u0639\u0646\u0627\u0648\u064a\u0646 QE \u0648QT \u0625\u0644\u0649 \u062a\u062f\u0627\u0648\u0644 \u0623\u062b\u0631\u0647\u0645\u0627 \u0627\u0644\u062d\u0642\u064a\u0642\u064a \u0628\u0627\u0646\u0636\u0628\u0627\u0637.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u0644\u0627 \u062a\u062a\u062d\u0631\u0643 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0628\u0642\u0631\u0627\u0631\u0627\u062a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0648\u062d\u062f\u0647\u0627. \u0641\u0639\u0646\u062f\u0645\u0627 \u062a\u0635\u0644 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0625\u0644\u0649 \u0645\u0633\u062a\u0648\u0649 \u0645\u0646\u062e\u0641\u0636 \u062c\u062f\u0627\u064b \u0623\u0648 \u064a\u0631\u063a\u0628 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0641\u064a \u062a\u0634\u062f\u064a\u062f \u0627\u0644\u0623\u0648\u0636\u0627\u0639 \u0645\u0646 \u062f\u0648\u0646 \u0631\u0641\u0639\u0647\u0627 \u0645\u0628\u0627\u0634\u0631\u0629\u060c \u062a\u0635\u0628\u062d \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0623\u062f\u0627\u0629 \u0631\u0626\u064a\u0633\u064a\u0629 \u0644\u0644\u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0646\u0642\u062f\u064a\u0629. \u0647\u0646\u0627 \u064a\u0638\u0647\u0631 \u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u0627\u0644\u0643\u0645\u064a \u0648\u0627\u0644\u062a\u0634\u062f\u064a\u062f \u0627\u0644\u0643\u0645\u064a \u0628\u0648\u0635\u0641\u0647\u0645\u0627 \u0639\u0645\u0644\u064a\u062a\u064a\u0646 \u062a\u0624\u062b\u0631\u0627\u0646 \u0641\u064a \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0648\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0648\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646\u060c \u062b\u0645 \u062a\u0646\u062a\u0642\u0644 \u0622\u062b\u0627\u0631\u0647\u0645\u0627 \u0625\u0644\u0649 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0648\u0627\u0644\u0623\u0633\u0647\u0645 \u0648\u0628\u0642\u064a\u0629 \u0627\u0644\u0623\u0633\u0648\u0627\u0642. \u0644\u0643\u0646 [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":15520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,10],"tags":[],"class_list":["post-15519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-fundamental"],"_links":{"self":[{"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/posts\/15519","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/comments?post=15519"}],"version-history":[{"count":5,"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/posts\/15519\/revisions"}],"predecessor-version":[{"id":15531,"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/posts\/15519\/revisions\/15531"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/media\/15520"}],"wp:attachment":[{"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/media?parent=15519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/categories?post=15519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/otetmarkets.net\/blog\/wp-json\/wp\/v2\/tags?post=15519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}