{"id":205931,"date":"2022-07-01T08:28:51","date_gmt":"2022-07-01T08:28:51","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=205931"},"modified":"2026-04-09T06:02:06","modified_gmt":"2026-04-09T06:02:06","slug":"sefii-bancilor-centrale-avertizeaza-ca-era-ratelor-scazute-si-a-inflatiei-moderate-s-a-sfarsit","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=205931","title":{"rendered":"\u015eefii b\u0103ncilor centrale avertizeaz\u0103 c\u0103 era ratelor sc\u0103zute \u015fi a infla\u0163iei moderate s-a sf\u00e2r\u015fit"},"content":{"rendered":"<p>\nLa conferin\u0163a anual\u0103 a B\u0103ncii Centrale Europene, Christine Lagarde, pre\u015fedintele BCE, Jay Powell, pre\u015fedintele Rezervei Federale, \u015fi Andrew Bailey, guvernatorul B\u0103ncii Angliei, au cerut m\u0103suri rapide pentru a reduce infla\u0163ia.<\/p>\n<p>\nEi au spus c\u0103 e\u015fecul de a cre\u015fte ratele dob\u00e2nzilor suficient de repede ar putea permite \u00eencorporarea infla\u0163iei ridicate \u015fi, \u00een cele din urm\u0103, ar necesita o ac\u0163iune mai drastic\u0103 din partea b\u0103ncilor centrale pentru a readuce cre\u015fterea pre\u0163urilor la niveluri mai moderate.<\/p>\n<p>\n\u201eEste foarte probabil ca procesul s\u0103 fie dureros, dar cea mai mare durere ar fi din faptul c\u0103 nu am reu\u015fi s\u0103 abord\u0103m aceast\u0103 infla\u0163ie ridicat\u0103 \u015fi dac\u0103 i-am permite s\u0103 devin\u0103 persistent\u0103\u201c, a spus Jay Powell, citat de FT.<\/p>\n<p>\n\u00centr-o \u00eent\u00e2lnire organizat\u0103 la Sintra, \u00een Portugalia, \u015fefii b\u0103ncilor centrale au spus c\u0103 pandemia \u015fi r\u0103zboiul din Ucraina inverseaz\u0103 mul\u0163i dintre factorii care au provocat mai mult de un deceniu de infla\u0163ie ultra-sc\u0103zut\u0103 \u00een majoritatea economiilor dezvoltate. Ei au avertizat c\u0103 scindarea economiei globale \u00een blocuri concurente risc\u0103 s\u0103 fractureze lan\u0163urile de aprovizionare, s\u0103 reduc\u0103 productivitatea, s\u0103 m\u0103reasc\u0103 costurile \u015fi s\u0103 reduc\u0103 cre\u015fterea.<\/p>\n<p>\n\u201eNu cred c\u0103 ne vom \u00eentoarce la acel mediu de infla\u0163ie sc\u0103zut\u0103. Exist\u0103 for\u0163e care au fost dezl\u0103n\u0163uite ca urmare a pandemiei \u015fi ca urmare a acestui \u015foc geopolitic masiv care vor schimba imaginea \u015fi peisajul \u00een care ne desf\u0103\u015fur\u0103m activitatea. Unii ar sus\u0163ine c\u0103 locul \u00een care fabrica\u0163i sau locul din care furniza\u0163i serviciile va fi decis \u015fi de al\u0163i factori \u00een afara de costuri\u201c, a spus pre\u015fedintele BCE, Christine Lagarde.<\/p>\n<p>\nPowell a spus c\u0103 aceast\u0103 dinamic\u0103 \u00een schimbare din contextul geopolitic ar for\u0163a o reg\u00e2ndire a modului \u00een care func\u0163ioneaz\u0103 b\u0103ncile centrale ale lumii, av\u00e2nd \u00een vedere c\u0103 mediul cu infla\u0163ie sc\u0103zut\u0103 pare c\u0103 a disp\u0103rut acum.<\/p>\n<p>\n\u201eTr\u0103im cu for\u0163e diferite acum \u015fi trebuie s\u0103 ne g\u00e2ndim la politica monetar\u0103 \u00eentr-un mod foarte diferit.\u201c<\/p>\n<p>\nPrognoza infla\u0163iei \u00een acest mediu a devenit o sarcin\u0103 mult mai dificil\u0103, a ad\u0103ugat el.<\/p>\n<p>\n\u201eNe d\u0103m seama acum mai bine acum c\u00e2t de pu\u0163in \u00een\u0163elegem despre infla\u0163ie\u201c, spune pre\u015fedintele Rezervei Federale.<\/p>\n<p>\nChristine Lagarde a mai spus c\u0103 r\u0103zboiul din Ucraina love\u015fte Europa mai puternic dec\u00e2t majoritatea celorlalte regiuni sub forma pre\u0163urilor mai mari la energie \u015fi alimente, ceea ce \u00eenseamn\u0103 c\u0103 continentul nu se afl\u0103 \u00een aceea\u015fi situa\u0163ie precum SUA \u015fi alte \u0163\u0103ri.<\/p>\n<p>\nDar ea a avertizat c\u0103 ce se \u00eent\u00e2mpl\u0103 pe frontul energetic \u015fi pe frontul de r\u0103zboi va afecta a\u015ftept\u0103rile infla\u0163ioniste. Acest lucru ar putea impune BCE s\u0103 treac\u0103 de la abordarea actual\u0103 gradual\u0103 a cre\u015fterii ratelor dob\u00e2nzilor \u00eencep\u00e2nd cu o cre\u015ftere cu un sfert de punct procentual \u00een iulie la o politic\u0103 mai hot\u0103r\u00e2t\u0103.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cei mai mari bancheri centrali ai lumii au avertizat c\u0103 era ratelor sc\u0103zute ale dob\u00e2nzilor \u015fi infla\u0163iei moderate a luat sf\u00e2r\u015fit din cauza \u015focului geopolitic masiv generat de invazia Rusiei \u00een Ucraina \u015fi a pandemiei de coronavirus, scrie cotidianul Financial Times (FT).<\/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":[25628,188],"class_list":["post-205931","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-banci-centrale","tag-economie"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/205931","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=205931"}],"version-history":[{"count":1,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/205931\/revisions"}],"predecessor-version":[{"id":205952,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/205931\/revisions\/205952"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=205931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=205931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=205931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}