{"id":2189887,"date":"2026-10-09T06:54:33","date_gmt":"2026-10-09T03:54:33","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2189887"},"modified":"2026-10-09T06:54:33","modified_gmt":"2026-10-09T03:54:33","slug":"bnr-mentine-dobanda-cheie-la-650","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2189887","title":{"rendered":"BNR men\u021bine dob\u00e2nda-cheie la 6,50%"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/opiniabuzau.ro\/wp-content\/uploads\/2023\/07\/bnr-poza.jpg&#8221;]<\/p>\n<div class=\"entry-content entry clearfix\">\n<p>\u00a0<\/p>\n<blockquote>\n<p><strong>Banca Na\u021bional\u0103 a Rom\u00e2niei (BNR) a hot\u0103r\u00e2t s\u0103 men\u021bin\u0103 rata dob\u00e2nzii de politic\u0103 monetar\u0103 la 6,50% pe an. P\u00e2n\u0103 la finalul anului anali\u0219tii se a\u0219teapt\u0103 ca infla\u021bia s\u0103 creasc\u0103, pe fondul scumpirii carburan\u021bilor, energiei \u0219i materiilor prime \u0219i inclusiv ca urmare a cre\u0219terii recente a euro \u00een raport cu leul. BNR avertizeaz\u0103 \u0219i cu privire la incertitudinile induse de situa\u021bia politic\u0103 intern\u0103.<\/strong><\/p>\n<\/blockquote>\n<p>Rata anual\u0103 a infla\u021biei calculat\u0103 pe baza indicelui armonizat al pre\u021burilor de consum (IAPC \u2013 indicator al infla\u021biei pentru statele membre UE) a sc\u0103zut \u00een august 2026 la 6,3 la sut\u0103, de la 9,2 la sut\u0103 \u00een iunie 2026.<\/p>\n<p>Rata medie anual\u0103 a infla\u021biei IPC s-a redus la 9,5 la sut\u0103 \u00een august 2026, de la 9,8 la sut\u0103 \u00een iunie 2026, iar rata medie anual\u0103 a infla\u021biei calculat\u0103 pe baza IAPC s-a situat \u00een august 2026 la 8,6 la sut\u0103, nivel similar celui din iunie 2026.<\/p>\n<p>Activitatea economic\u0103 a stagnat \u00een trimestrul II 2026, dup\u0103 ce s-a comprimat cu 0,1 la sut\u0103 \u00een primul trimestru al anului (varia\u021bie trimestrial\u0103), evolu\u021bie ce face probabil\u0103 prelungirea trendului de ad\u00e2ncire a deficitului de cerere agregat\u0103 \u00eentr-un ritm moderat, \u00een linie cu previziunile.<\/p>\n<div class=\"stream-item stream-item-in-post stream-item-inline-post aligncenter\"><a href=\"https:\/\/vreaulanova.ro\/?utm_source=opiniabuzau&amp;utm_medium=image\" title target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" data-od-unknown-tag data-od-xpath=\"\/HTML\/BODY\/DIV[@class=&apos;background-overlay&apos;]\/*[1][self::DIV]\/*[1][self::DIV]\/*[4][self::DIV]\/*[1][self::DIV]\/*[1][self::DIV]\/*[2][self::ARTICLE]\/*[3][self::DIV]\/*[7][self::DIV]\/*[1][self::A]\/*[1][self::IMG]\" src=\"https:\/\/opiniabuzau.ro\/wp-content\/smush-webp\/2022\/02\/MicrosoftTeams-image-4-1.jpg.webp\" alt width=\"728\" height=\"91\" class=\"perfmatters-lazy\"><img loading=\"lazy\" decoding=\"async\" data-od-unknown-tag data-od-xpath=\"\/HTML\/BODY\/DIV[@class=&apos;background-overlay&apos;]\/*[1][self::DIV]\/*[1][self::DIV]\/*[4][self::DIV]\/*[1][self::DIV]\/*[1][self::DIV]\/*[2][self::ARTICLE]\/*[3][self::DIV]\/*[7][self::DIV]\/*[1][self::A]\/*[1][self::IMG]\" src=\"https:\/\/opiniabuzau.ro\/wp-content\/smush-webp\/2022\/02\/MicrosoftTeams-image-4-1.jpg.webp\" alt width=\"728\" height=\"91\"><\/a><\/div>\n<p>\u00cen raport cu aceea\u0219i perioad\u0103 a anului trecut, activitatea economic\u0103 \u0219i-a atenuat vizibil contrac\u021bia \u00een trimestrul II 2026, la -0,4 la sut\u0103, de la -1,2 la sut\u0103 \u00een primele trei luni ale anului, \u00een principal ca urmare a saltului amplu consemnat de dinamica anual\u0103 a form\u0103rii brute de capital fix, dup\u0103 descre\u0219terea pronun\u021bat\u0103 din trimestrul precedent.<\/p>\n<p>BNR noteaz\u0103 cre\u0219terea cota\u021biilor interbancare \u00eencep\u00e2nd cu a doua parte a lunii septembrie.<\/p>\n<p><em>\u201eLa r\u00e2ndul lor, randamentele pe termen mediu \u0219i lung ale titlurilor de stat \u0219i-au m\u0103rit fluctua\u021biile \u00een prima parte a lunii septembrie \u0219i au \u00eenregistrat apoi o cre\u0219tere considerabil\u0103 \u2013 \u00een contextul conflictului din Orientul Mijlociu dar \u0219i pe fondul situa\u021biei politice interne \u0219i al incertitudinilor asociate -, care s-a corectat \u00een mare parte \u00een primele zile din octombrie. \u00cen aceea\u0219i conjunctur\u0103, cursul de schimb leu\/euro \u0219i-a accentuat ascensiunea \u00een primele decade din septembrie, iar la finele lunii \u0219i \u00een debutul lui octombrie a consemnat o cre\u0219tere abrupt\u0103 semnificativ\u0103, r\u0103m\u00e2n\u00e2nd apoi pe noul palier\u201d,<\/em> arat\u0103 BNR.<\/p>\n<p>BNR estimeaz\u0103 c\u0103 va reduce dob\u00e2nda cheie \u00een al doilea sau al treilea trimestru al anului 2027, dup\u0103 sc\u0103derea infla\u021biei. \u00cen pia\u021ba muncii, efectivul salaria\u021bilor a continuat s\u0103 scad\u0103 u\u0219or, \u00eens\u0103 a sc\u0103zut \u0219i rata \u0219omajului la 6,4% pe an, fa\u021b\u0103 de media de 6,8% din T2. Salariile au accelerat \u00een iulie, pe fondul cre\u0219terii salariului minim, dar dinamica r\u0103m\u00e2ne sc\u0103zut\u0103 \u00een context istoric, mai arat\u0103 BNR. BNR noteaz\u0103 riscurile \u0219i incertitudinile venite din contextul politic intern, \u00een condi\u021biile \u00een care deficitul bugetar trebuie redus \u00een continuare, c\u00e2t \u0219i din cel interna\u021bional, unde conflictul din Orientul mijlociu continu\u0103 s\u0103 pun\u0103 presiune pe cota\u021biile produselor energetice.<\/p>\n<p><em>\u00a0\u201eIncertitudini mari r\u0103m\u00e2n totu\u0219i asociate, inclusiv \u00een actuala situa\u021bie politic\u0103 intern\u0103, m\u0103surilor poten\u021bial adoptate \u00een viitor \u00een scopul continu\u0103rii consolid\u0103rii bugetare dincolo de anul curent corespunz\u0103tor Planului bugetar-structural pe termen mediu convenit cu CE \u0219i procedurii de deficit excesiv. Incertitudini \u0219i riscuri semnificative la adresa perspectivei activit\u0103\u021bii economice, implicit a evolu\u021biei pe termen mediu a infla\u021biei, genereaz\u0103 \u00eens\u0103 \u0219i conflictul din Orientul Mijlociu \u0219i criza energetic\u0103, prin efectele poten\u021bial exercitate, pe mai multe c\u0103i, asupra puterii de cump\u0103rare \u0219i \u00eencrederii consumatorilor, precum \u0219i asupra activit\u0103\u021bii \u0219i profiturilor firmelor, inclusiv prin afectarea dinamicii economiilor \u0219i a infla\u021biei la nivel european\/mondial \u0219i a percep\u021biei de risc fa\u021b\u0103 de regiune, cu impact asupra costurilor de finan\u021bare\u201d,<\/em> arat\u0103 BNR.<\/p>\n<p>\u00a0<\/p>\n<\/div>\n<p>[analyse_source url=&#8221;https:\/\/opiniabuzau.ro\/bnr-mentine-dobanda-cheie-la-650\/&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/opiniabuzau.ro\/wp-content\/uploads\/2023\/07\/bnr-poza.jpg&#8221;] \u00a0 Banca Na\u021bional\u0103 a Rom\u00e2niei (BNR) a hot\u0103r\u00e2t s\u0103 men\u021bin\u0103 rata dob\u00e2nzii de politic\u0103 monetar\u0103 la 6,50% pe an. P\u00e2n\u0103 la finalul anului anali\u0219tii se a\u0219teapt\u0103 ca infla\u021bia s\u0103 creasc\u0103, pe fondul scumpirii carburan\u021bilor, energiei \u0219i materiilor prime \u0219i inclusiv ca urmare a cre\u0219terii recente a euro \u00een raport cu leul. BNR [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[226,44],"class_list":["post-2189887","post","type-post","status-publish","format-standard","hentry","category-politics","tag-crawlmanager","tag-opiniabuzau-ro"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2189887","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=2189887"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2189887\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2189887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2189887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2189887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}