Pentru BCE, decizia de sc\u0103dere a dob\u00e2nzii, unanim l\u0103udat\u0103 de anali\u015fti, este prima luat\u0103 de italianul Mario Draghi \u00een calitate de nou pre\u015fedinte al b\u0103ncii, dup\u0103 \u00eencheierea mandatului lui Jean-Claude Trichet, care a fost criticat c\u0103 prefer\u0103 s\u0103 pun\u0103 pe primul plan combaterea infla\u0163iei, trecut\u0103 de pragul de 2% , \u015fi nu stimularea economiei prin sc\u0103derea dob\u00e2nzii.
\nPentru BNR, decizia este prima modificare de dob\u00e2nd\u0103 din mai 2010 \u015fi contrazice estim\u0103rile anali\u015ftilor rom\u00e2ni \u015fi str\u0103ini care credeau c\u0103 riscul regional (de fug\u0103 a capitalurilor \u015fi depreciere a leului din cauza crizei grece\u015fti) va determina BNR s\u0103 nu modifice dob\u00e2nda p\u00e2n\u0103 la anul.<\/p>\n
Interesant este c\u0103, de unde era criticat\u0103 \u00eenainte c\u0103 nu reduce dob\u00e2nda ca s\u0103 dea un impuls economiei, BNR \u015fi-a atras de data aceasta criticile unor anali\u015fti str\u0103ini, \u00een spe\u0163\u0103 ale celor de la Citigroup, care consider\u0103 c\u0103 e vorba de o mi\u015fcare prematur\u0103, at\u00e2ta vreme c\u00e2t \u00eengrijor\u0103rile legate de riscul grecesc sunt \u00een cre\u015ftere \u015fi s-au manifestat deja \u00een presiunile de depreciere a leului determinate de fuga investitorilor de activele considerate, cu temei sau nu, riscante.<\/p>\n
Anali\u015ftii de la Citigroup cred c\u0103 ar fi fost mai prudent ca BNR s\u0103 am\u00e2ne p\u00e2n\u0103 \u00een 2012 mic\u015forarea dob\u00e2nzii, pentru c\u0103 poten\u0163ialele beneficii asociate cu t\u0103ierea de acum a dob\u00e2nzii cu 0,25% sunt mai mici dec\u00e2t riscurile. Pe de o parte este vorba de cre\u015fterea riscurilor de depreciere a leului, ceea ce ar complica peisajul economic \u00een general, av\u00e2nd \u00een vedere ponderea mare a creditelor \u00een valut\u0103 \u00een Rom\u00e2nia. Pe de alt\u0103 parte este vorba de riscul unor ajust\u0103ri suplimentare ale pre\u0163urilor administrate din economie \u015fi de o posibil\u0103 inversare a tendin\u0163ei de ieftinire a m\u0103rfurilor alimentare, astfel \u00eenc\u00e2t perspectiva de infla\u0163ie este incert\u0103, spun ei. “Dac\u0103 aceste riscuri se vor materializa, reducerea dob\u00e2nzii de c\u0103tre banc\u0103 ar putea s\u0103-i afecteze credibilitatea de lupt\u0103tor contra infla\u0163iei”, apreciaz\u0103 anali\u015ftii b\u0103ncii americane.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dou\u0103 surprize de acela\u015fi sens: at\u00e2t Banca Central\u0103 European\u0103 (BCE), c\u00e2t \u015fi BNR au redus dob\u00e2nda-cheie s\u0103pt\u0103m\u00e2na trecut\u0103 cu 0,25%, prima la 1,25%, a doua la 6%. \u00cen ambele cazuri, decizia se explic\u0103 prin faptul c\u0103 mai periculoas\u0103 dec\u00e2t infla\u0163ia a devenit amenin\u0163area unei sc\u0103deri a PIB care ar putea \u00eencepe chiar din aceste luni.<\/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":[7267,8830,185,5841,246,187,25190,188,930,184,7353,8831],"class_list":["post-51738","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-banci","tag-bce","tag-bnr","tag-citigroup","tag-crestere","tag-dobanzi","tag-draghi","tag-economie","tag-euro","tag-inflatie","tag-isarescu","tag-trichet"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/51738","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=51738"}],"version-history":[{"count":1,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/51738\/revisions"}],"predecessor-version":[{"id":68612,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/51738\/revisions\/68612"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}