{"id":2181940,"date":"2026-10-06T15:11:54","date_gmt":"2026-10-06T12:11:54","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2181940"},"modified":"2026-10-06T15:11:54","modified_gmt":"2026-10-06T12:11:54","slug":"leul-continua-sa-slabeasca-euro-atinge-un-nou-record-ce-se-intampla-cu-preturile-si-dobanzile","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2181940","title":{"rendered":"Leul continu\u0103 s\u0103 sl\u0103beasc\u0103: euro atinge un nou record. Ce se \u00eent\u00e2mpl\u0103 cu pre\u021burile \u0219i dob\u00e2nzile"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/cdn.adh.reperio.news\/image-2\/2e677222-58ca-4e6c-b6a4-0c58791ad6eb\/index.jpeg?p=f%3Djpeg%26w%3D1200%26h%3D630%26r%3Dcover&#8221;]<\/p>\n<article class=\"svelte-x63bga\">\n<nav>\n<ul class=\"breadcrump svelte-1pk9a69\">\n<li class=\"svelte-1pk9a69\"><a href=\"https:\/\/adevarul.ro\/\" title=\"Adev\u0103rul\" class=\"svelte-1pk9a69\">Home<\/a><\/li>\n<li class=\"svelte-1pk9a69\"><a href=\"https:\/\/adevarul.ro\/economie\" class=\"svelte-1pk9a69\">Economie<\/a><\/li>\n<li class=\"svelte-1pk9a69\"><a href=\"https:\/\/adevarul.ro\/economie\/leul-continua-sa-slabeasca-euro-atinge-un-nou-2562192.html\" class=\"svelte-1pk9a69\">Leul continu\u0103 s\u0103 sl\u0103beasc\u0103: euro atinge un nou record. Ce se \u00eent\u00e2mpl\u0103 cu pre\u021burile \u0219i dob\u00e2nzile<\/a><\/li>\n<\/ul>\n<\/nav>\n<p><main class=\"svelte-x63bga\"><\/p>\n<p>Euro a ajuns mar\u021bi la cea mai mare valoare \u00eenregistrat\u0103 vreodat\u0103 \u00een Rom\u00e2nia, continu\u00e2nd astfel deprecierea \u00eenceput\u0103 \u00een ultimele zile, \u00eentr-un moment \u00een care Rom\u00e2nia se confrunt\u0103 cu incertitudine politic\u0103, deficite ridicate \u0219i aten\u021bia investitorilor asupra situa\u021biei finan\u021belor publice.\u00a0<\/p>\n<div class=\"container-image  svelte-1xbw4f3\"><source type=\"image\/webp\" srcset=\"https:\/\/cdn.adh.reperio.news\/image-2\/2e677222-58ca-4e6c-b6a4-0c58791ad6eb\/index.jpeg?p=a%3D1%26co%3D1.05%26w%3D1400%26h%3D750%26r%3Dcontain%26f%3Dwebp 1400w\" media=\"(min-width: 1400px)\" \/><\/p>\n<div class=\"caption svelte-1xbw4f3\"><span class=\"captionText svelte-1xbw4f3\">Euro a atins mar\u021bi un nou nivel record <span class=\"source svelte-1xbw4f3\">Foto: arhiv\u0103<\/span><\/span><\/div>\n<\/div>\n<p>Leul a \u00eenceput s\u0103 piard\u0103 teren at\u00e2t \u00een fa\u021ba euro, c\u00e2t \u0219i a dolarului. Vineri, cursul ajunsese la 5,34 lei pentru un euro \u0219i la 4,75 lei pentru un dolar, iar<a href=\"https:\/\/adevarul.ro\/economie\/euro-atinge-un-nou-maxim-istoric-cum-au-evoluat-2562139.html\" target=\"_blank\"> mar\u021bi a urcat la 5,35 lei pentru euro \u0219i 4,76 lei pentru dolar.<\/a><\/p>\n<p>Analistul eToro Bogdan Maioreanu pune evolu\u021bia pe seama incertitudinilor interne, dar \u0219i a contextului interna\u021bional. Rom\u00e2nia este urm\u0103rit\u0103 de investitori \u00eentr-un moment \u00een care situa\u021bia politic\u0103 r\u0103m\u00e2ne incert\u0103, iar finan\u021bele publice reprezint\u0103 \u00een continuare o vulnerabilitate.<\/p>\n<p><i>\u201e\u00cen Rom\u00e2nia, leul a \u00eenceput s\u0103 se deprecieze at\u00e2t fa\u021b\u0103 de euro, c\u00e2t \u0219i fa\u021b\u0103 de dolar s\u0103pt\u0103m\u00e2na trecut\u0103, cursul ajung\u00e2nd vineri la 5,34 fa\u021b\u0103 de euro \u0219i la 4,75 fa\u021b\u0103 de dolar, din cauza incertitudinilor generate de criza politic\u0103 prelungit\u0103 \u0219i de deciziile agen\u021biilor de rating. Mar\u021bi, leul \u0219i-a continuat sc\u0103derea, cursul de schimb ajung\u00e2nd la 5,35 fa\u021b\u0103 de euro \u0219i la 4,76 fa\u021b\u0103 de dolar\u201d<\/i>, a declarat analistul eToro Bogdan Maioreanu.<\/p>\n<p>Men\u021binerea ratingului de investi\u021bii al Rom\u00e2niei de c\u0103tre S&amp;P a oferit pie\u021belor un moment de respiro. La Bursa de Valori Bucure\u0219ti, indicele BET a crescut luni cu peste 4%, dup\u0103 anun\u021bul agen\u021biei de rating. Pentru Maioreanu, aceast\u0103 reac\u021bie arat\u0103 mai degrab\u0103 u\u0219urarea investitorilor dec\u00e2t dispari\u021bia problemelor care apas\u0103 asupra economiei rom\u00e2ne\u0219ti.<\/p>\n<p><i>\u201ePie\u021bele au r\u0103suflat u\u0219urate dup\u0103 ce S&amp;P a men\u021binut vineri ratingul de investi\u021bii al Rom\u00e2niei, dar aceast\u0103 destindere ar putea fi de scurt\u0103 durat\u0103, pe m\u0103sur\u0103 ce criza politic\u0103 continu\u0103, iar lipsa unui guvern ridic\u0103 semne de \u00eentrebare cu privire la direc\u021bia \u021b\u0103rii \u0219i la continuarea reformelor de stabilizare bugetar\u0103<\/i>\u201d, spune analistul eToro.<\/p>\n<p>Pe de alt\u0103 parte, sus\u021bine acesta, investitorii a\u0219teapt\u0103 decizia BNR privind dob\u00e2nda de politic\u0103 monetar\u0103. O reducere a dob\u00e2nzii este considerat\u0103 pu\u021bin probabil\u0103 \u00een actualul context, \u00een condi\u021biile \u00een care presiunile infla\u021bioniste r\u0103m\u00e2n ridicate, iar deprecierea leului poate face importurile mai scumpe.\u00a0O economie slab\u0103 ar putea justifica dob\u00e2nzi mai mici, \u00eens\u0103 deprecierea leului \u0219i presiunile infla\u021bioniste \u00eei las\u0103 BNR pu\u021bin spa\u021biu pentru o astfel de decizie.<\/p>\n<h2>Cum ajunge un leu mai slab \u00een pre\u021burile pl\u0103tite de rom\u00e2ni<\/h2>\n<p>Un curs mai ridicat nu \u00eenseamn\u0103 c\u0103 toate pre\u021burile cresc imediat \u0219i \u00een aceea\u0219i m\u0103sur\u0103. Efectul apare treptat, \u00een special \u00een cazul produselor \u0219i serviciilor care depind de importuri.<\/p>\n<p>Pentru popula\u021bie, un leu mai slab poate \u00eensemna pre\u021buri mai mari pentru produsele cump\u0103rate din import \u0219i costuri mai ridicate pentru cheltuielile f\u0103cute \u00een valut\u0103.<\/p>\n<p>\u201e<i>Cre\u0219terea cursului se transmite \u00een economie mai repede dec\u00e2t pare. Pentru popula\u021bie, un leu mai slab \u00eenseamn\u0103 produse importate mai scumpe, costuri mai mari pentru vacan\u021be sau pl\u0103\u021bi \u00een euro \u0219i, \u00een timp, presiune suplimentar\u0103 asupra pre\u021burilor<\/i>\u201d, a declarat pentru \u201eAdev\u0103rul\u201d analistul Silviu Gresoi.<\/p>\n<p>Efectele se v\u0103d \u0219i \u00een activitatea companiilor. Firmele care depind de importuri trebuie s\u0103 pl\u0103teasc\u0103 mai mult \u00een lei pentru acelea\u0219i materii prime, echipamente sau servicii cump\u0103rate din str\u0103in\u0103tate. \u00cen func\u021bie de domeniu \u0219i de marjele disponibile, o parte din aceste costuri poate fi transferat\u0103 \u00een pre\u021bul final.<\/p>\n<p><i>\u201ePentru companii, mai ales pentru cele dependente de importuri, cresc costurile cu materiile prime, echipamentele \u0219i serviciile cump\u0103rate din exterior. O parte dintre aceste costuri vor ajunge inevitabil \u00een pre\u021burile finale<\/i>\u201d, a explicat Silviu Gresoi.<\/p>\n<p><a class=\"related-inline svelte-78g0vl\" data-gtrack=\"{&quot;event&quot;:&quot;utm_click&quot;,&quot;data&quot;:{&quot;event_category&quot;:&quot;article_related&quot;}}\" href=\"https:\/\/adevarul.ro\/economie\/curs-valutar-bnr-5-octombrie-2026-euro-a-scazut-2561867.html\" title=\"Alt articol de interes pentru tine\"><span class=\"inline-title svelte-78g0vl\">Curs valutar BNR, 5 octombrie 2026. Euro a sc\u0103zut, dolarul a crescut. Cum au evoluat principalele valute<\/span><\/a><\/p>\n<p>Astfel, efectul unui curs mai ridicat nu este limitat la cei care au rate sau alte obliga\u021bii \u00een euro. El poate ajunge indirect \u0219i la consumatorii care \u00ee\u0219i pl\u0103tesc toate cheltuielile \u00een lei, prin pre\u021burile produselor \u0219i serviciilor.<\/p>\n<h2>Deprecierea leului poate fi gradual\u0103<\/h2>\n<p>Pentru moment, \u00eens\u0103, presiunea asupra leului r\u0103m\u00e2ne, iar evolu\u021bia monedei va depinde \u00een continuare de situa\u021bia finan\u021belor publice, de climatul politic \u0219i de \u00eencrederea investitorilor.<\/p>\n<p>Silviu Gresoi nu se a\u0219teapt\u0103 la o depreciere accelerat\u0103 \u0219i liniar\u0103 a monedei na\u021bionale.<\/p>\n<p>\u201eN<i>u m\u0103 a\u0219tept \u00eens\u0103 la o depreciere liniar\u0103 \u0219i accelerat\u0103 a leului. Este mai probabil s\u0103 vedem perioade de volatilitate \u0219i o depreciere gradual\u0103, at\u00e2t timp c\u00e2t r\u0103m\u00e2n ridicate deficitul bugetar, deficitul extern \u0219i incertitudinea politic\u0103\u201d<\/i>, a declarat analistul.<\/p>\n<p>Men\u021binerea ratingului Rom\u00e2niei de c\u0103tre S&amp;P a redus pentru moment presiunea suplimentar\u0103 asupra pie\u021belor, \u00eens\u0103 nu schimb\u0103 situa\u021bia de fond.<\/p>\n<p>\u201e<i>Men\u021binerea ratingului Rom\u00e2niei de c\u0103tre S&amp;P reduce pentru moment o presiune suplimentar\u0103, dar nu elimin\u0103 aceste vulnerabilit\u0103\u021bi\u201d<\/i>, spune Gresoi.<\/p>\n<p>\u00cen opinia sa, nivelul de 5,35 lei pentru un euro nu trebuie privit doar ca un episod izolat.<\/p>\n<p>\u201e<i>Euro la 5,35 lei nu este doar un episod de moment, ci confirm\u0103 o tendin\u021b\u0103 de depreciere gradual\u0103 a leului, cu efecte care se vor vedea treptat \u00een pre\u021buri \u0219i \u00een costul vie\u021bii<\/i>\u201d, afirm\u0103 analistul.<\/p>\n<h2>Problemele din Europa pun \u0219i ele presiune pe pie\u021be<\/h2>\n<p>Evolu\u021bia leului are loc \u00eentr-un moment \u00een care nici moneda european\u0103 \u0219i nici pie\u021bele din zona euro nu traverseaz\u0103 o perioad\u0103 lipsit\u0103 de riscuri.<\/p>\n<p>Euro s-a depreciat fa\u021b\u0103 de dolar \u00een ultima s\u0103pt\u0103m\u00e2n\u0103, ajung\u00e2nd \u00een jurul valorii de 1,12 dolari, nivel care nu mai fusese \u00eenregistrat din mai 2025. Potrivit lui Bogdan Maioreanu, unul dintre factorii importan\u021bi este diferen\u021ba tot mai mare dintre randamentele obliga\u021biunilor de stat americane pe zece ani \u0219i cele ale obliga\u021biunilor germane.<\/p>\n<p><a class=\"related-inline svelte-78g0vl\" data-gtrack=\"{&quot;event&quot;:&quot;utm_click&quot;,&quot;data&quot;:{&quot;event_category&quot;:&quot;article_related&quot;}}\" href=\"https:\/\/adevarul.ro\/economie\/euro-a-ajuns-la-533-lei-cum-ii-loveste-pe-romani-2561874.html\" title=\"Alt articol de interes pentru tine\"><span class=\"inline-title svelte-78g0vl\">Euro a ajuns la 5,33 lei. Cum \u00eei love\u0219te pe rom\u00e2ni leul tot mai slab: rate, vacan\u021be \u0219i pre\u021buri mai mari. Ce urmeaz\u0103<\/span><\/a><\/p>\n<p>Diferen\u021ba a crescut de la aproximativ 1,4 puncte procentuale la \u00eenceputul lunii septembrie la peste 1,8 puncte procentuale. Randamentele mai atractive ale activelor americane pot determina investitorii s\u0103 prefere dolarul, mai ales \u00eentr-un moment \u00een care exist\u0103 \u0219i a\u0219tept\u0103ri privind o politic\u0103 monetar\u0103 mai restrictiv\u0103 \u00een SUA.<\/p>\n<p>\u00cen Europa, Fran\u021ba este una dintre principalele surse de \u00eengrijorare pentru investitori. Problemele legate de deficitul bugetar, incertitudinea politic\u0103 \u0219i costurile tot mai mari de finan\u021bare au dus la o cre\u0219tere puternic\u0103 a diferen\u021bei dintre randamentele obliga\u021biunilor franceze \u0219i germane.<\/p>\n<p>Randamentul obliga\u021biunilor franceze pe zece ani a avut cea mai slab\u0103 evolu\u021bie trimestrial\u0103 de la introducerea monedei euro, iar diferen\u021ba fa\u021b\u0103 de obliga\u021biunile germane a ajuns la 152 de puncte de baz\u0103, cel mai ridicat nivel din 2011.<\/p>\n<p>\u0218i Spania adaug\u0103 un nou element de incertitudine, dup\u0103 convocarea alegerilor anticipate din 29 noiembrie. Investitorii urm\u0103resc evolu\u021bia datoriei suverane, a primelor de risc \u0219i a obliga\u021biunilor, \u00een condi\u021biile \u00een care datoria public\u0103 a Spaniei se afl\u0103 \u00een apropierea nivelului de 101% din PIB.<\/p>\n<p>Pentru Rom\u00e2nia, \u00eens\u0103, presiunile asupra leului sunt legate \u00een primul r\u00e2nd de situa\u021bia intern\u0103. Deficitul bugetar, deficitul extern \u0219i incertitudinea politic\u0103 r\u0103m\u00e2n factori importan\u021bi pentru \u00eencrederea investitorilor.<\/p>\n<p>Noua valoare record a euro arat\u0103 c\u0103 presiunea asupra leului este deja vizibil\u0103 \u00een cursul oficial. Pentru popula\u021bie \u0219i companii, efectele se vor vedea \u00eens\u0103 treptat, \u00een func\u021bie de c\u00e2t de mult se <a href=\"https:\/\/adevarul.ro\/economie\/euro-a-ajuns-la-533-lei-cum-ii-loveste-pe-romani-2561874.html\" target=\"_blank\">men\u021bine deprecierea<\/a> \u0219i de m\u0103sura \u00een care costurile suplimentare sunt transferate \u00een pre\u021buri.<\/p>\n<p><\/main><\/p>\n<footer class=\"svelte-x63bga\">\n<div class=\"related-wrap related-footer svelte-78g0vl\"><span class=\"related-label svelte-78g0vl\">Cite\u0219te \u0219i<\/span><a class=\"related svelte-78g0vl\" data-gtrack=\"{&quot;event&quot;:&quot;utm_click&quot;,&quot;data&quot;:{&quot;event_category&quot;:&quot;article_related&quot;}}\" href=\"https:\/\/adevarul.ro\/economie\/euro-atinge-un-nou-maxim-istoric-cum-au-evoluat-2562139.html\" title=\"Alt articol de interes pentru tine\"><img decoding=\"async\" class=\"thumb svelte-78g0vl\" src=\"https:\/\/cdn.adh.reperio.news\/image-c\/c2a660c7-c4ba-4af5-acdf-f63c7f5e3f35\/index.jpeg?p=f%3Dwebp%26w%3D120%26h%3D80%26r%3Dcover%26a%3D0\" alt loading=\"lazy\" width=\"80\" height=\"54\"><span class=\"title svelte-78g0vl\">Euro atinge un nou maxim istoric. Cum au evoluat principalele valute<\/span><\/a><\/div>\n<div class=\"meta svelte-x63bga\">\n<div class=\"authors svelte-x63bga\"><span class=\"names svelte-x63bga\"><a href=\"https:\/\/adevarul.ro\/author\/1662\" rel=\"author\" class=\"svelte-x63bga\">Afrodita Cicovschi<\/a><\/span><\/p>\n<div class=\"_hydratable\" data-props=\"%7B%22showLive%22%3Atrue%7D\" data-context=\"%7B%22parentBlockColumnCount%22%3A%7B%22value%22%3A0%2C%22type%22%3A%22store%2Freadable%22%7D%2C%22parentBlockBackgroundColor%22%3A%7B%22type%22%3A%22store%2Freadable%22%7D%7D\" data-component=\"ShareButton\">\n<div class=\"shareButtons svelte-itwbrr\">\n<div class=\"liveSessions metaFont svelte-1maxmbf\"><span class=\"value svelte-1maxmbf\">1<\/span> live <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"tags svelte-1l3vwp1\"><span class=\"tags-label metaFont svelte-1l3vwp1\">Cite\u0219te mai multe despre<\/span><\/p>\n<div class=\"tags-list svelte-1l3vwp1\"><a href=\"https:\/\/adevarul.ro\/tag\/bnr\" title=\"Ultimele \u0219tiri despre bnr\" class=\"tag-pill svelte-1l3vwp1\">bnr<\/a><a href=\"https:\/\/adevarul.ro\/tag\/euro\" title=\"Ultimele \u0219tiri despre euro\" class=\"tag-pill svelte-1l3vwp1\">euro<\/a><a href=\"https:\/\/adevarul.ro\/tag\/analiza\" title=\"Ultimele \u0219tiri despre analiza\" class=\"tag-pill svelte-1l3vwp1\">analiza<\/a><a href=\"https:\/\/adevarul.ro\/tag\/inflatie\" title=\"Ultimele \u0219tiri despre inflatie\" class=\"tag-pill svelte-1l3vwp1\">inflatie<\/a><a href=\"https:\/\/adevarul.ro\/tag\/leu\" title=\"Ultimele \u0219tiri despre leu\" class=\"tag-pill svelte-1l3vwp1\">leu<\/a><a href=\"https:\/\/adevarul.ro\/tag\/curs%20valutar\" title=\"Ultimele \u0219tiri despre curs valutar\" class=\"tag-pill svelte-1l3vwp1\">curs valutar<\/a><a href=\"https:\/\/adevarul.ro\/tag\/dolar\" title=\"Ultimele \u0219tiri despre dolar\" class=\"tag-pill svelte-1l3vwp1\">dolar<\/a><a href=\"https:\/\/adevarul.ro\/tag\/depreciere\" title=\"Ultimele \u0219tiri despre depreciere\" class=\"tag-pill svelte-1l3vwp1\">depreciere<\/a><a href=\"https:\/\/adevarul.ro\/tag\/bogdan%20maioreanu\" title=\"Ultimele \u0219tiri despre bogdan maioreanu\" class=\"tag-pill svelte-1l3vwp1\">bogdan maioreanu<\/a><a href=\"https:\/\/adevarul.ro\/tag\/silviu%20gresoi\" title=\"Ultimele \u0219tiri despre silviu gresoi\" class=\"tag-pill svelte-1l3vwp1\">silviu gresoi<\/a><\/div>\n<\/div>\n<\/div>\n<p><a class=\"moreFromCategory svelte-x63bga\" href=\"https:\/\/adevarul.ro\/economie\" title=\"Economie\">Mai multe din <strong class=\"svelte-x63bga\">Economie<\/strong> \u203a<\/a><\/footer>\n<\/article>\n<p>[analyse_source url=&#8221;https:\/\/adevarul.ro\/economie\/leul-continua-sa-slabeasca-euro-atinge-un-nou-2562192.html&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/cdn.adh.reperio.news\/image-2\/2e677222-58ca-4e6c-b6a4-0c58791ad6eb\/index.jpeg?p=f%3Djpeg%26w%3D1200%26h%3D630%26r%3Dcover&#8221;] Home Economie Leul continu\u0103 s\u0103 sl\u0103beasc\u0103: euro atinge un nou record. Ce se \u00eent\u00e2mpl\u0103 cu pre\u021burile \u0219i dob\u00e2nzile Euro a ajuns mar\u021bi la cea mai mare valoare \u00eenregistrat\u0103 vreodat\u0103 \u00een Rom\u00e2nia, continu\u00e2nd astfel deprecierea \u00eenceput\u0103 \u00een ultimele zile, \u00eentr-un moment \u00een care Rom\u00e2nia se confrunt\u0103 cu incertitudine politic\u0103, deficite ridicate \u0219i aten\u021bia [&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":[19,226],"class_list":["post-2181940","post","type-post","status-publish","format-standard","hentry","category-romania","tag-adevarul","tag-crawlmanager"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2181940","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=2181940"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2181940\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2181940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2181940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2181940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}