\nPre\u015fedintele BCE, Mario Draghi, a justificat reducerea dob\u00e2nzii prin infla\u0163ia mult prea sc\u0103zut\u0103 \u00een zona euro (0,7% \u00een octombrie – minimul ultimilor patru ani, fa\u0163\u0103 de 1,1% \u00een septembrie \u015fi o \u0163int\u0103 de 2% fixat\u0103 de BCE), care reprezint\u0103 un corolar al activit\u0103\u0163ii economice modeste (cre\u015ftere economic\u0103 de 0,3% \u00een T2) \u015fi al credit\u0103rii slabe.<\/p>\n
\nItalia \u015fi Fran\u0163a au cerut \u00een repetate r\u00e2nduri BCE s\u0103 combat\u0103 aprecierea excesiv\u0103 a euro, cu efect clar negativ asupra economiilor zonei, mai ales \u00een contextul \u00een care dolarul continu\u0103 s\u0103 fie sus\u0163inut de faptul c\u0103 Rezerva Federal\u0103 a SUA am\u00e2n\u0103 de la o lun\u0103 la alta \u00eencetarea programului de sus\u0163inere a economiei cu bani de la tiparni\u0163\u0103.<\/p>\n
\nMario Draghi vrea s\u0103 evite \u00eens\u0103 capcana \u00een care a c\u0103zut Rezerva Federal\u0103, respectiv \u015fantajul pie\u0163elor financiare, care duc pie\u0163ele de ac\u0163iuni \u00een jos de fiecare dat\u0103 c\u00e2nd raport\u0103rile federale arat\u0103 c\u0103 un indicator economic s-a \u00eembun\u0103t\u0103\u0163it \u015fi, deci, programul de stimulare monetar\u0103 din partea b\u0103ncii centrale nu-\u015fi mai are rostul. Mai exact, Draghi a sugerat c\u0103 BCE are \u00eenc\u0103 destule arme \u00een tolb\u0103 \u015fi c\u0103 este suficient ce face acum (e vorba de reducerea dob\u00e2nzii \u015fi de prelungirea p\u00e2n\u0103 la jum\u0103tatea lui 2015 programul de credite ieftine pentru b\u0103nci) spre a combate pericolul unei perioade prelungite de “infla\u0163ie sc\u0103zut\u0103”, de fapt de defla\u0163ie \u00een Europa.<\/p>\n
\nAu ap\u0103rut \u00eens\u0103 voci, mai ales de partea cealalt\u0103 a Oceanului, care sus\u0163in c\u0103 exist\u0103 riscul ca abordarea prudent\u0103 a lui Draghi s\u0103 nu fie suficient\u0103 (\u0163in\u00e2nd cont de distan\u0163a mare de la o infla\u0163ie de 0,7% p\u00e2n\u0103 la \u0163inta de 2%) \u015fi c\u0103 e posibil ca \u00een cele din urm\u0103 \u015fi BCE s\u0103 fie silit\u0103 s\u0103 recurg\u0103 la un program de relaxare monetar\u0103 perpetuat sine die, dup\u0103 modelul Fed.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dup\u0103 o cre\u015ftere brusc\u0103, imediat dup\u0103 ce Banca Central\u0103 European\u0103 a anun\u0163at reducerea dob\u00e2nzii de referin\u0163\u0103 la euro cu 0,25%, la minimul istoric de 0,25%, ac\u0163iunile europene au sc\u0103zut din nou, dovedind c\u0103 pie\u0163ele au \u00een\u0163eles c\u0103 decizia BCE dovede\u015fte de fapt c\u0103 economia st\u0103 mai prost dec\u00e2t se credea.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[8830,17272,7458,25190,438,184,8193,24060,8884,16389,349,13242],"class_list":["post-101123","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-bce","tag-deflatie","tag-dobanda","tag-draghi","tag-europa","tag-inflatie","tag-piete-financiare","tag-qe3","tag-rezerva-federala","tag-santaj","tag-ue","tag-zona-euro"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/101123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=101123"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/101123\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=101123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=101123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=101123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}