\nChiar \u015fi \u00een mijlocul unei crize geopolitice \u015fi a volatilit\u0103\u0163ii din pie\u0163ele energetice, Banca Central\u0103 European\u0103 ar putea reduce din nou dob\u00e2nda-cheie, potrivit unuia dintre cei mai influen\u0163i membri ai s\u0103i, scrie Financial Times.<\/p>\n
\nFran\u00e7ois Villeroy de Galhau, guvernatorul B\u0103ncii Fran\u0163ei \u015fi membru cu greutate \u00een Consiliul Guvernator al BCE, a declarat pentru Financial Times c\u0103 atacurile asupra instala\u0163iilor nucleare din Iran \u015fi riposta Teheranului nu au schimbat, deocamdat\u0103, proiec\u0163ia de baz\u0103 privind infla\u0163ia \u00een zona euro.<\/p>\n
\n\u201eDac\u0103 ne uit\u0103m la reac\u0163iile pie\u0163elor de p\u00e2n\u0103 acum, a\u015ftept\u0103rile infla\u0163ioniste r\u0103m\u00e2n moderate\u201d, a spus Villeroy, subliniind c\u0103 \u201eaprecierea semnificativ\u0103 a monedei euro\u201d compenseaz\u0103 par\u0163ial cre\u015fterea recent\u0103 a pre\u0163ului petrolului.<\/p>\n
\nDeclara\u0163iile sale au fost f\u0103cute \u00eenainte de o sc\u0103dere brusc\u0103 a cota\u0163iei petrolului \u00een urma anun\u0163ului pre\u015fedintelui american Donald Trump privind un acord de \u00eencetare a focului \u00eentre Israel \u015fi Iran.<\/p>\n
\n\u201eDac\u0103 acest armisti\u0163iu se confirm\u0103, el ar putea crea premisele pentru o relaxare suplimentar\u0103 a politicii monetare a BCE \u00een urm\u0103toarele \u015fase luni\u201d, a spus Villeroy, folosind limbajul tehnic pentru o posibil\u0103 nou\u0103 sc\u0103dere a dob\u00e2nzilor.<\/p>\n
\nDe la jum\u0103tatea anului 2024, BCE a redus rata de referin\u0163\u0103 de opt ori, ajung\u00e2nd la 2%, iar pie\u0163ele financiare se a\u015fteapt\u0103 la \u00eenc\u0103 o sc\u0103dere de 0,25 puncte procentuale \u00een a doua jum\u0103tate a anului.<\/p>\n
\n\u00cen luna mai, infla\u0163ia a cobor\u00e2t u\u015for sub \u0163inta de 2% stabilit\u0103 pe termen mediu de BCE \u2013 un semnal c\u0103 infla\u0163ia este \u00een fr\u00e2u, dar \u015fi c\u0103 exist\u0103 spa\u0163iu de manevr\u0103 pentru a sus\u0163ine economia.<\/p>\n
\n\u201eAcum ne afl\u0103m din nou \u00eentr-un punct de echilibru\u201d, a declarat Villeroy, suger\u00e2nd c\u0103 dob\u00e2nda actual\u0103 este la un nivel \u201eneutru\u201d \u2013 adic\u0103 nu fr\u00e2neaz\u0103, dar nici nu stimuleaz\u0103 suplimentar cre\u015fterea economic\u0103.<\/p>\n
\nTotu\u015fi, acesta a \u0163inut s\u0103 precizeze c\u0103 nivelul neutru al dob\u00e2nzii nu este acela\u015fi lucru cu nivelul terminal, cel la care politica monetar\u0103 se stabilizeaz\u0103 definitiv. \u201ePot coincide, dar nu sunt identice prin defini\u0163ie\u201d, a explicat el.<\/p>\n
\nCa fost consilier guvernamental \u015fi bancher de top, Villeroy reprezint\u0103 Fran\u0163a \u2013 al doilea cel mai puternic membru al zonei euro \u2013 \u015fi de\u0163ine unul dintre cele 26 de voturi din consiliul de conducere al BCE.<\/p>\n
\nAcesta a descris conflictul din Orientul Mijlociu drept o \u201enou\u0103 surs\u0103 major\u0103 de incertitudine\u201d, care poate avea efecte at\u00e2t pozitive, c\u00e2t \u015fi negative asupra economiei europene, \u00een func\u0163ie de cum vor evolua tensiunile \u015fi pie\u0163ele energetice.<\/p>\n
\n\u00centr-un climat global tensionat, \u00een care geostrategia \u015fi economia danseaz\u0103 pe o linie fin\u0103, BCE joac\u0103 un rol-cheie \u00een men\u0163inerea calmului economic european. Iar urm\u0103toarea mi\u015fcare ar putea fi una surprinz\u0103tor de curajoas\u0103: o nou\u0103 sc\u0103dere a dob\u00e2nzii, \u00een ciuda incendiilor din jur.<\/p>\n","protected":false},"excerpt":{"rendered":"
Chiar \u015fi \u00een mijlocul unei crize geopolitice \u015fi a volatilit\u0103\u0163ii din pie\u0163ele energetice, Banca Central\u0103 European\u0103 ar putea reduce din nou dob\u00e2nda-cheie, potrivit unuia dintre cei mai influen\u0163i membri ai s\u0103i, scrie Financial Times. Fran\u00e7ois Villeroy de Galhau, guvernatorul B\u0103ncii Fran\u0163ei \u015fi membru cu greutate \u00een Consiliul Guvernator al BCE, a declarat pentru Financial Times […]<\/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":[8830,435,9782,7458,7909,12737,184,100,60,13242],"class_list":["post-237830","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-bce","tag-consiliu","tag-declaratii","tag-dobanda","tag-franta","tag-guvernator","tag-inflatie","tag-iran","tag-piata","tag-zona-euro"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/237830","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=237830"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/237830\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=237830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=237830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=237830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}