{"id":1079,"date":"2011-04-07T12:52:09","date_gmt":"2011-04-07T12:52:09","guid":{"rendered":"http:\/\/gold-silver.biz\/sk\/?p=1079"},"modified":"2011-04-07T12:55:01","modified_gmt":"2011-04-07T12:55:01","slug":"ecb-zdvihla-uroky-z-historickeho-dna","status":"publish","type":"post","link":"https:\/\/investicnyblog.sk\/gsi\/sk\/ecb-zdvihla-uroky-z-historickeho-dna\/","title":{"rendered":"ECB zdvihla \u00faroky z historick\u00e9ho dna"},"content":{"rendered":"

Z\u00e1kladn\u00fa referen\u010dn\u00fa sadzbu centr\u00e1lna banka zv\u00fd\u0161ila o 25 b\u00e1zick\u00fdch bodov na 1,25 percenta<\/h3>\n

Finan\u010dn\u00e9 trhy s\u00a0nap\u00e4t\u00edm \u010dakali na dne\u0161n\u00e9 rozhodnutie Eur\u00f3pskej centr\u00e1lnej banky (ECB) v\u00a0ot\u00e1zke pohybu z\u00e1kladnej \u00farokovej sadzby. Investori vsadili na zv\u00fd\u0161enie referen\u010dnej sadzby o\u00a025 b\u00e1zick\u00fdch bodov z\u00a01 na 1,25 percenta. V\u00fdbor banky pozost\u00e1vaj\u00facej z\u00a023 \u010dlenov, ktor\u00e9mu vel\u00ed prezident Jean-Claude Trichet ich o\u010dak\u00e1vania do bodky naplnil a prv\u00fdkr\u00e1t od roku 2008 pohol z\u00e1kladnou \u00farokovou sadzbou smerom nahor.<\/p>\n

Z\u00e1kladn\u00fd \u00farok dr\u017eala ECB na rekordnej \u00farovni jedn\u00e9ho percenta od m\u00e1ja 2009. St\u00e1le bol v\u0161ak \u0161tvorn\u00e1sobne vy\u0161\u0161\u00ed ako z\u00e1kladn\u00e1 sazba americk\u00e9ho Fedu na \u00farovni 0,25 percenta. ECB sa dne\u0161n\u00fdm rozhodnut\u00edm spr\u00edsni\u0165 menov\u00fa politiku odp\u00fatala od hlavn\u00fdch konkuren\u010dn\u00fdch centr\u00e1lnych b\u00e1nk \u2013 americk\u00e9ho Fedu, japonskej Bank of Japan a\u00a0Bank of England. Tie na\u010falej dr\u017eia extr\u00e9mne uvo\u013enen\u00fa menov\u00fa politiku v\u00a0snahe pom\u00f4c\u0165 o\u017eivi\u0165 a\u00a0dlhodobo na\u0161tartova\u0165 ekonomick\u00fd v\u00fdvoj vo svojich krajin\u00e1ch. Anglick\u00e1 centr\u00e1lna banka dnes op\u00e4\u0165 podr\u017eala \u00farok na rekordnom minime 0,5 percenta.<\/p>\n

Americk\u00e9mu dol\u00e1ru tak\u00e1to \u201ezabet\u00f3novan\u00e1\u201c menov\u00e1 politika v\u00a0boji s\u00a0eur\u00f3pskou menou \u201epom\u00e1ha\u201c e\u0161te viac zni\u017eova\u0165 jeho \u00farokov\u00fa atraktivitu a\u00a0s\u00fa\u010dasn\u00fd kurz zelenej bankovky vo\u010di eur\u00f3pskej spolo\u010dnej mene sa v\u010dera ocitol na \u00farovni 1,43 dol\u00e1ra za euro, teda najni\u017e\u0161ie od janu\u00e1ra 2010. Trh do rastu kurzu eura u\u017e zapo\u010d\u00edtal dne\u0161n\u00e9 rozhodnutie ECB\u00a0zv\u00fd\u0161i\u0165 sadzby.<\/p>\n

Eur\u00f3pska centr\u00e1lna banka sa, naopak, zaradila k\u00a0najvy\u0161\u0161\u00edm finan\u010dn\u00fdm in\u0161it\u00faci\u00e1m v\u00a0Austr\u00e1lii, Izraeli, N\u00f3rsku i\u00a0\u0160v\u00e9dsku, kde sa menov\u00e9 opraty za\u010dali pri\u0165ahova\u0165 za\u010diatkom tohto roka. V\u00a0rozv\u00edjaj\u00facich sa krajin\u00e1ch ako \u010c\u00edna, India alebo Braz\u00edlia prebehlo zvy\u0161ovanie sadzieb u\u017e v\u00a0nieko\u013ek\u00fdch krokoch.<\/p>\n

Prezident ECB J.- C. Trichet u\u017e ned\u00e1vno avizoval, \u017ee \u00farokov\u00e1 re\u0161trikcia bude potrebn\u00e1, aby sa zamedzilo sekund\u00e1rnym vplyvom z rast\u00facich cien komod\u00edt a\u00a0rast\u00facej infl\u00e1cie. Obavy maj\u00fa centr\u00e1lni bank\u00e1ri najm\u00e4 z\u00a0mo\u017en\u00e9ho prebudenia platov zamestnancov a\u00a0cien tovarov v\u00a0ekonomik\u00e1ch euroz\u00f3ny.<\/p>\n

Pod\u013ea analytikov zv\u00fd\u0161enie sadzieb o\u00a00,25 percenta je n\u00edzke, ale prin\u00e1\u0161a psychologick\u00fd v\u00fdznam obratu cyklu. ECB sa pod\u013ea niektor\u00fdch hlasov sna\u017e\u00ed napravi\u0165 aj poves\u0165 pr\u00edsneho str\u00e1\u017ecu cenovej stability. Infl\u00e1cia v\u00a0euroz\u00f3ne v\u00a0marci toti\u017e ne\u010dakane vysko\u010dila a\u017e na 2,6 percenta a\u00a0prekro\u010dila stanoven\u00fd cie\u013e na \u00farovni 1,9 percenta, ktor\u00fd si banka nastavila pre tento rok.<\/span><\/div>\n

Spotrebite\u013esk\u00e9 ceny \u0165ahaj\u00fa nahor najm\u00e4 ceny\u00a0energi\u00ed a\u00a0potrav\u00edn, teda volatiln\u00e9 polo\u017eky, od ktor\u00fdch je o\u010disten\u00e1 jadrov\u00e1 infl\u00e1cia. T\u00e1 sa v s\u00fa\u010dasnosti e\u0161te st\u00e1le pohybuje na \u00farovni prijate\u013en\u00e9ho jedn\u00e9ho percenta.<\/p>\n

Spr\u00eds\u0148ovanie menovej politiky ECB m\u00f4\u017ee pod\u013ea menov\u00fdch analytikov pokra\u010dova\u0165 v\u00a0\u010fal\u0161\u00edch krokoch aj po\u010das druhej polovici roka, \u010do \u00farokovo e\u0161te viac zatrakt\u00edvni euro vo\u010di dol\u00e1ru. V\u00a0pr\u00edpade, \u017ee americk\u00e9 sadzby zostan\u00fa nemenn\u00e9, siln\u00e9\u00a0zhodnotenie eura by mohlo po\u0161kodi\u0165 eur\u00f3pskych export\u00e9rov na americkom i\u00a0\u00e1zijsk\u00fdch trhoch.<\/p>\n

Ekonomiky euroz\u00f3ny navy\u0161e vykazuj\u00fa rozdielnu v\u00fdkonnos\u0165, \u010do s\u0165a\u017euje ECB rozhodovanie v\u00a0snahe prija\u0165 spr\u00e1vnu \u00farokov\u00fa politiku \u201eu\u0161it\u00fa\u201c pre potreby v\u0161etk\u00fdch jej \u010dlenov. Zadl\u017een\u00e9 Portugalsko, Gr\u00e9cko a\u00a0\u00cdrsko hl\u00e1sia hospod\u00e1rsky pokles, \u0160panielsko a\u00a0Taliansko stagn\u00e1ciu alebo slab\u00fd rast oproti napr\u00edklad Nemecku, Rak\u00fasku alebo\u00a0Slovensku, kde sa ekonomick\u00fd rast\u00a0 v\u00a0poslednom roku zr\u00fdchlil nad tri percent\u00e1 a\u00a0na\u010falej pretrv\u00e1va.<\/p>\n

Autor: jku \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Zdroj:\u00a0ekonomika.etrend.sk<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Z\u00e1kladn\u00fa referen\u010dn\u00fa sadzbu centr\u00e1lna banka zv\u00fd\u0161ila o 25 b\u00e1zick\u00fdch bodov na 1,25 percenta Finan\u010dn\u00e9 trhy s\u00a0nap\u00e4t\u00edm \u010dakali na dne\u0161n\u00e9 rozhodnutie Eur\u00f3pskej centr\u00e1lnej banky (ECB) v\u00a0ot\u00e1zke pohybu z\u00e1kladnej \u00farokovej sadzby. Investori … <\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts\/1079"}],"collection":[{"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/comments?post=1079"}],"version-history":[{"count":6,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts\/1079\/revisions"}],"predecessor-version":[{"id":1085,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts\/1079\/revisions\/1085"}],"wp:attachment":[{"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/media?parent=1079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/categories?post=1079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/tags?post=1079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}