{"id":1778414,"date":"2026-02-18T13:57:18","date_gmt":"2026-02-18T10:57:18","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=1778414"},"modified":"2026-02-18T13:57:18","modified_gmt":"2026-02-18T10:57:18","slug":"mugur-isarescu-lichiditatea-in-exces-este-controlata-iar-leul-ramane-stabil","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=1778414","title":{"rendered":"Mugur Is\u0103rescu: Lichiditatea \u00een exces este controlat\u0103, iar leul r\u0103m\u00e2ne stabil"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;&#8221;]<\/p>\n<div class=\"td-post-content tagdiv-type\">\n<div class=\"td-post-featured-image\"><a href=\"https:\/\/locale.realitatea.net\/2024\/11\/3e3dbc8241c73bb8fac2dafbd164cf1a.jpg\" data-caption><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"688\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/locale.realitatea.net\/2024\/11\/3e3dbc8241c73bb8fac2dafbd164cf1a.jpg\" alt title=\"Mugur Is\u0103rescu: Lichiditatea \u00een exces este controlat\u0103, iar leul r\u0103m\u00e2ne stabil\"><\/a><\/div>\n<div>\n<div>\n<div>\n<h3>Guvernatorul\u00a0Banca Na\u021bional\u0103 a Rom\u00e2niei (BNR) Mugur Is\u0103rescu afirm\u0103 c\u0103 surplusul de lichiditate din sistemul bancar este gestionat prin opera\u021biuni zilnice de sterilizare \u0219i subliniaz\u0103 c\u0103 sc\u0103derea dob\u00e2nzilor din pia\u021b\u0103 nu a dus la deprecierea monedei na\u021bionale, potrivit <a href=\"https:\/\/www.realitatea.net\/stiri\/actual\/mugur-isarescu-lichiditatea-in-exces-este-controlata-iar-leul-ramane-stabil_6995ac50b7d7b43d1e697888\">realitatea.net<\/a>.\u00a0<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<aside>\n<div>\n<div role=\"status\">\n<p>\u00centrebat, miercuri, \u00eentr-o conferin\u0163\u0103 de pres\u0103, c\u00e2nd ne-am putea a\u015ftepta la sc\u0103deri semnificate ale dob\u00e2nzilor la creditele rom\u00e2nilor, Is\u0103rescu a r\u0103spuns:\u00a0\u201dPe m\u0103sur\u0103 ce infla\u0163ia se duce \u00een jos, avem dou\u0103 semne pozitive, da? Le \u015fti\u0163i? Primul c\u0103 s-au dus \u00een pia\u0163\u0103. \u015ei s-au dus \u00een pia\u0163\u0103 cu aproape dou\u0103 procente. \u015ei ce s-a dus \u00een jos \u00een pia\u0163\u0103? S-au dus dob\u00e2nzile care conteaz\u0103. Dac\u0103 noi reducem dob\u00e2nda cu 0,25%, nu \u015ftiu ce impact are asupra finan\u0163\u0103rii debitorilor, dar ROBOR-ul dou\u0103 procente a fost o sc\u0103dere major\u0103. Nu am administrat-o, s\u0103 zic, ca un obiectiv. Las-o, domnule, c\u0103 dac\u0103 dob\u00e2nzile scad\u2026 \u015ei managementul lichid\u0103\u0163ii, care vine din mai multe considerente, inclusiv faptul c\u0103 intr\u0103 bani \u00een Rom\u00e2nia, ajung la Ministerul Finan\u0163ei, cei de acolo vin la Banca Na\u0163ional\u0103 \u015fi ne cer schimb\u0103ri\u201d.<\/p>\n<p>Guvernatorul BNR\u00a0 a precizat c\u0103 exist\u0103 un exces de lichiditate care este \u201dsterilizat\u201d \u00een fiecare sear\u0103.<\/p>\n<p>\u201dAvem acest exces de lichiditate pe care by the way, a\u015fa, apropo, \u00eel steriliz\u0103m \u00een fiecare sear\u0103, nu chiar b\u0103lte\u015fte de tot. Unii sunt \u015fi \u00eempotriva acestei steriliz\u0103ri de o zi spun\u00e2nd \u201d\u00cenv\u0103\u0163a\u0163i b\u0103ncile s\u0103 fie ni\u015fte puturoase. Le da\u0163i dob\u00e2nda de c\u00e2t este dob\u00e2nda la facilitatea de finan\u0163are, f\u0103r\u0103 s\u0103 fac\u0103 nimic\u201d. Nu putem s\u0103 l\u0103s\u0103m lichiditatea chiar a\u015fa s\u0103 b\u0103lteasc\u0103 \u00een totalitate\u201d, a ar\u0103tat Is\u0103rescu.<\/p>\n<h2>Is\u0103rescu: Sc\u0103derea dob\u00e2nzilor indic\u0103 \u00eencredere \u00een pia\u021b\u0103<\/h2>\n<p data-start=\"436\" data-end=\"791\">Mugur Is\u0103rescu\u00a0a declarat c\u0103 dob\u00e2nzile din pia\u021b\u0103 au sc\u0103zut treptat f\u0103r\u0103 ca acest lucru s\u0103 duc\u0103 la deprecierea leului, pe care \u00eel consider\u0103 un semn de \u00eencredere \u00een evolu\u021bia economiei. Potrivit acestuia, o eventual\u0103 reducere a ratei de politic\u0103 monetar\u0103 va fi luat\u0103 \u00een calcul dup\u0103 apari\u021bia unor indicatori favorabili privind infla\u021bia.<\/p>\n<p data-start=\"793\" data-end=\"1157\">Guvernatorul\u00a0Banca Na\u021bional\u0103 a Rom\u00e2niei\u00a0a precizat c\u0103 dob\u00e2nzile din pia\u021b\u0103 sunt \u00een prezent cu aproximativ dou\u0103 puncte procentuale sub nivelul maxim atins la sf\u00e2r\u0219itul lunilor mai\u2013iunie. El a ar\u0103tat c\u0103, \u00een cadrul direc\u021biei de politic\u0103 monetar\u0103, au existat discu\u021bii legate de nivelul lichidit\u0103\u021bii din pia\u021b\u0103, criticile viz\u00e2nd cantitatea de bani disponibil\u0103.<\/p>\n<p data-start=\"1159\" data-end=\"1502\" data-is-last-node data-is-only-node>\u00cen urma unui compromis, banca central\u0103 a decis s\u0103 nu lase lichiditatea s\u0103 se acumuleze excesiv, dar nici s\u0103 o restr\u00e2ng\u0103 complet. Potrivit lui Is\u0103rescu, aceast\u0103 abordare nu alimenteaz\u0103 infla\u021bia, dar poate sus\u021bine \u00eentr-o anumit\u0103 m\u0103sur\u0103 cre\u0219terea economic\u0103 \u0219i contribuie la evitarea unor riscuri mai mari generate de evolu\u021bia negativ\u0103 a PIB-ului.<\/p>\n<p data-start=\"1159\" data-end=\"1502\" data-is-last-node data-is-only-node>\u201dDar treptat, dob\u00e2nzile \u00een pia\u0163\u0103 uita\u0163i c\u0103 au sc\u0103zut f\u0103r\u0103 s\u0103 deprecizeze leul. Dup\u0103 mine este un indicator de \u00eencredere. \u015ei c\u00e2nd o s\u0103 avem \u015fi al\u0163i indicatori lega\u0163i de infla\u0163ie (\u2026) atunci reducem \u015fi rata de politic\u0103 monetar\u0103. Dar deocamdat\u0103 dob\u00e2nzile au sc\u0103zut cu dou\u0103 procente fa\u0163\u0103 de v\u00e2rful din dob\u00e2nzile \u00een pia\u0163\u0103, v\u00e2rful a fost la sf\u00e2r\u015fitul de mai-iunie. Avem mari probleme \u00een cadrul Direc\u0163iei noastre de Politic\u0103 Monetar\u0103, am fost \u015fi urecheat c\u0103 l\u0103s\u0103m a\u015fa lichidatate \u00een pia\u0163\u0103. \u015ei am c\u0103zut la un compromis, nu l\u0103s\u0103m lichiditatea, nu b\u0103lte\u015fte, semi-b\u0103lte\u015fte. A\u015fa ca s\u0103 ne \u00eemp\u0103c\u0103m. Nu se duce pe infla\u0163ie, cel mai mult mai stimuleaz\u0103 ceva cre\u015ftere economic\u0103 \u015fi evit\u0103m ca acest PIB negativ s\u0103 nu ne creeze probleme mai serioase dec\u00e2t am putea s\u0103 evalu\u0103m \u00een prezent\u201d, a mai transmis guvernatorul BNR.<\/p>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/div>\n<p>[analyse_source url=&#8221;https:\/\/realitateadeteleorman.net\/mugur-isarescu-lichiditatea-in-exces-este-controlata-iar-leul-ramane-stabil\/&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;&#8221;] Guvernatorul\u00a0Banca Na\u021bional\u0103 a Rom\u00e2niei (BNR) Mugur Is\u0103rescu afirm\u0103 c\u0103 surplusul de lichiditate din sistemul bancar este gestionat prin opera\u021biuni zilnice de sterilizare \u0219i subliniaz\u0103 c\u0103 sc\u0103derea dob\u00e2nzilor din pia\u021b\u0103 nu a dus la deprecierea monedei na\u021bionale, potrivit realitatea.net.\u00a0 \u00centrebat, miercuri, \u00eentr-o conferin\u0163\u0103 de pres\u0103, c\u00e2nd ne-am putea a\u015ftepta la sc\u0103deri semnificate ale [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[226,180],"class_list":["post-1778414","post","type-post","status-publish","format-standard","hentry","category-romania","tag-crawlmanager","tag-realitateadeteleorman-net"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1778414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1778414"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1778414\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1778414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1778414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1778414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}