{"id":2204416,"date":"2026-10-17T16:17:35","date_gmt":"2026-10-17T13:17:35","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2204416"},"modified":"2026-10-17T16:17:35","modified_gmt":"2026-10-17T13:17:35","slug":"banca-centrala-europeana-in-alerta-din-cauza-inflatiei-si-a-scumpirii-energiei-pietele-anticipeaza-o","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2204416","title":{"rendered":"Banca Central\u0103 European\u0103, \u00een alert\u0103 din cauza infla\u021biei \u0219i a scumpirii energiei. Pie\u021bele anticipeaz\u0103 o…"},"content":{"rendered":"

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Cre\u015fterea randamentelor obliga\u0163iunilor \u015fi \u00een\u0103sprirea condi\u0163iilor de finan\u0163are vor \u00eencetini cre\u015fterea economic\u0103 \u00een zona euro \u015fi vor limita transmiterea scumpirilor energiei c\u0103tre pre\u0163urile de consum, a declarat s\u00e2mb\u0103t\u0103 pre\u015fedinta B\u0103ncii Centrale Europene (BCE), Christine Lagarde<\/a>, transmite Reuters<\/a>.<\/strong><\/p>\n

Randamentele obliga\u0163iunilor au crescut puternic la nivel mondial \u00een ultimele s\u0103pt\u0103m\u00e2ni, pe fondul \u00eengrijor\u0103rilor privind datoriile publice \u015fi infla\u0163ia, dar \u015fi al concuren\u0163ei tot mai intense pentru finan\u0163are, alimentat\u0103 de investi\u0163iile masive \u00een inteligen\u0163a artificial\u0103.<\/p>\n

Fran\u0163a, care se confrunt\u0103 cu un nivel ridicat al datoriei publice, se num\u0103r\u0103 printre \u0163\u0103rile cele mai afectate de v\u00e2nz\u0103rile de obliga\u0163iuni, care au determinat cre\u015fterea costurilor de \u00eemprumut.<\/p>\n

Lagarde a explicat c\u0103 aceast\u0103 evolu\u0163ie va face mai dificil\u0103 transferarea integral\u0103 a scumpirilor carburan\u0163ilor, provocate de r\u0103zboiul din Iran, c\u0103tre consumatori, comparativ cu estim\u0103rile formulate de BCE \u00een septembrie.<\/p>\n

\u201e<\/span>De\u015fi cre\u015fterea economic\u0103 a fost rezilient\u0103, condi\u0163iile de finan\u0163are s-au \u00een\u0103sprit, iar dob\u00e2nzile pe termen lung au crescut semnificativ de la ultima noastr\u0103 reuniune\u201d, a declarat Lagarde \u00een fa\u0163a bancherilor centrali \u015fi mini\u015ftrilor de finan\u0163e reuni\u0163i la Bangkok.<\/p>\n

\u201e<\/span>Aceast\u0103 situa\u0163ie va \u00eencetini cre\u015fterea economic\u0103 \u015fi va reduce transmiterea scumpirilor c\u0103tre pre\u0163urile de consum \u00eentr-o m\u0103sur\u0103 mai mare dec\u00e2t anticipam \u00een evaluarea din septembrie\u201d, a ad\u0103ugat pre\u015fedinta BCE.<\/p>\n

Cre\u015fterea randamentelor obliga\u0163iunilor determin\u0103 majorarea costurilor de finan\u0163are pentru guverne, companii \u015fi gospod\u0103rii, reduc\u00e2nd cererea \u015fi activitatea economic\u0103. \u00cen aceste condi\u0163ii, firmele au mai pu\u0163ine posibilit\u0103\u0163i de a transfera integral costurile suplimentare c\u0103tre consumatori.<\/p>\n

BCE ar putea majora din nou dob\u00e2nzile \u00een decembrie<\/strong><\/h2>\n

Banca Central\u0103 European\u0103 a majorat dob\u00e2nzile de dou\u0103 ori \u00een ultimele patru luni, iar pie\u0163ele anticipeaz\u0103 o nou\u0103 cre\u015ftere \u00een decembrie, care ar duce rata dob\u00e2nzii de politic\u0103 monetar\u0103 la 2,75%.<\/p>\n

Acest nivel este considerat restrictiv de BCE, deoarece limiteaz\u0103 activitatea economic\u0103 \u015fi contribuie la temperarea presiunilor infla\u0163ioniste.<\/p>\n

Pre\u015fedintele Bundesbank, Joachim Nagel, a sugerat c\u0103 ar putea fi necesare noi m\u0103suri de \u00een\u0103sprire a politicii monetare, de\u015fi a subliniat c\u0103 deciziile vor continua s\u0103 fie luate de la o reuniune la alta, \u00een func\u0163ie de datele economice disponibile.<\/p>\n

\u201e<\/span>Lupt\u0103m \u00eempotriva infla\u0163iei \u015fi consider c\u0103 misiunea noastr\u0103 nu este \u00eenc\u0103 \u00eencheiat\u0103\u201d, a declarat Nagel la un eveniment organizat de DZ Bank \u00een capitala Thailandei. \u201e<\/span>Cred c\u0103 este posibil s\u0103 fie nevoie s\u0103 facem mai mult\u201d, a ad\u0103ugat oficialul german.<\/p>\n

La r\u00e2ndul s\u0103u, guvernatorul b\u0103ncii centrale a Finlandei, Olli Rehn, a avertizat c\u0103 BCE urm\u0103re\u015fte cu aten\u0163ie eventualele efecte secundare ale scumpirii energiei asupra altor pre\u0163uri \u015fi asupra salariilor.<\/p>\n

Aceste efecte, cunoscute drept efecte de runda a doua, apar atunci c\u00e2nd cre\u015fterea pre\u0163urilor energiei se propag\u0103 \u00een economie, aliment\u00e2nd major\u0103ri salariale \u015fi scumpiri suplimentare ale bunurilor \u015fi serviciilor.<\/p>\n

\u201e<\/span>Nu exist\u0103 semne ale unor efecte de runda a doua, dar vom r\u0103m\u00e2ne vigilen\u0163i, deoarece acestea s-ar putea strecura pe nesim\u0163ite, ca o pisic\u0103 \u00een \u015fosete\u201d, a declarat Rehn.<\/p>\n

Cite\u0219te \u0219i: UE risc\u0103 s\u0103 devin\u0103 \u201eomul bolnav al lumii\u201d dac\u0103 nu se reformeaz\u0103 rapid. \u201eCalendarul electoral ar putea complica \u015fi mai mult lucrurile\u201d<\/a><\/strong><\/p>\n

Editor : C.A. <\/a><\/p>\n<\/div>\n

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[analyse_image type=”featured” src=”https:\/\/s.iw.ro\/gateway\/g\/ZmlsZVNvdXJjZT1odHRwJTNBJTJGJTJG\/c3RvcmFnZTA4dHJhbnNjb2Rlci5yY3Mt\/cmRzLnJvJTJGc3RvcmFnZSUyRjIwMjMl\/MkYwMyUyRjA4JTJGMTY5MTczOF8xNjkx\/NzM4X2NocmlzdGluZS1sYWdhcmRlLmpw\/ZyZ3PTEyMDAmaD02MzAmemM9MSZoYXNo\/PWZlOGU2Zjg0NDA4MTU4ODA2MWU3ZGU1ZTZhZTQ0MjMz.thumb.jpg”] Cre\u015fterea randamentelor obliga\u0163iunilor \u015fi \u00een\u0103sprirea condi\u0163iilor de finan\u0163are vor \u00eencetini cre\u015fterea economic\u0103 \u00een zona euro \u015fi vor limita transmiterea scumpirilor energiei c\u0103tre pre\u0163urile de consum, a declarat s\u00e2mb\u0103t\u0103 pre\u015fedinta B\u0103ncii Centrale Europene (BCE), Christine Lagarde, transmite Reuters. Randamentele obliga\u0163iunilor au crescut puternic la nivel mondial \u00een ultimele s\u0103pt\u0103m\u00e2ni, pe fondul \u00eengrijor\u0103rilor privind […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[226,11],"class_list":["post-2204416","post","type-post","status-publish","format-standard","hentry","category-romania","tag-crawlmanager","tag-digi24"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2204416","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=2204416"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2204416\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2204416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2204416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2204416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}