{"id":133988,"date":"2026-06-30T10:47:13","date_gmt":"2026-06-30T10:47:13","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/133988\/"},"modified":"2026-06-30T10:47:13","modified_gmt":"2026-06-30T10:47:13","slug":"prezident-ecb-evropa-se-stava-stale-odolnejsi-vuci-ekonomickym-sokum","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/133988\/","title":{"rendered":"Prezident ECB: Evropa se st\u00e1v\u00e1 st\u00e1le odoln\u011bj\u0161\u00ed v\u016f\u010di ekonomick\u00fdm \u0161ok\u016fm."},"content":{"rendered":"

Toto prohl\u00e1\u0161en\u00ed u\u010dinila prezidentka Evropsk\u00e9 centr\u00e1ln\u00ed banky (ECB) Christine Lagardeov\u00e1 na v\u00fdro\u010dn\u00edm f\u00f3ru v portugalsk\u00e9 Sint\u0159e 29. \u010dervna. <\/p>\n

\"Popisek Prezidentka ECB Christine Lagardeov\u00e1 hovo\u0159\u00ed na tiskov\u00e9 konferenci ve Frankfurtu nad Mohanem<\/a> . Foto: THX\/VNA<\/p>\n

Ve sv\u00e9m projevu prohl\u00e1sila, \u017ee robustn\u00ed r\u00e1mec finan\u010dn\u00ed regulace a pokrok v zelen\u00e9 transformaci jsou dva kl\u00ed\u010dov\u00e9 faktory p\u0159isp\u00edvaj\u00edc\u00ed ke zlep\u0161en\u00ed odolnosti regionu. P\u0159\u00edsn\u011bj\u0161\u00ed fisk\u00e1ln\u00ed regulace, lep\u0161\u00ed spr\u00e1va bankovnictv\u00ed a investice do n\u00edzkouhl\u00edkov\u00e9 energie za\u010d\u00ednaj\u00ed p\u0159in\u00e1\u0161et hmatateln\u00e9 v\u00fdsledky.<\/p>\n

Pro ilustraci pan\u00ed Lagardeov\u00e1 uvedla bankrot americk\u00e9<\/a> Silicon Valley Bank v roce 2023, kter\u00fd nedestabilizoval banky v euroz\u00f3n\u011b. Evropa tak\u00e9 odolala celn\u00edmu tlaku americk\u00e9ho prezidenta Donalda Trumpa a naposledy nejv\u011bt\u0161\u00edmu naru\u0161en\u00ed dod\u00e1vek ropy v historii.<\/p>\n

\u0160\u00e9fka ECB analyzovala, \u017ee sebeodolnost by Evrop\u011b pomohla minimalizovat dopad \u0161ok\u016f na inflaci. To by ECB umo\u017enilo flexibiln\u011b upravovat svou politiku podle \u00farovn\u011b dopadu. Pan\u00ed Lagardeov\u00e1 d\u00e1le vysv\u011btlila, \u017ee m\u011bnov\u00e1 politika \u010dasto nab\u00fdv\u00e1 \u00fa\u010dinnosti d\u0159\u00edve, ne\u017e je ofici\u00e1ln\u011b zavedena. To d\u00e1v\u00e1 ECB v\u00edce \u010dasu na pe\u010dliv\u00e9 posouzen\u00ed \u0161ok\u016f p\u0159ed rozhodnut\u00edm o dal\u0161\u00edm postupu.<\/p>\n

V\u00fdro\u010dn\u00ed f\u00f3rum ECB se konalo jen n\u011bkolik t\u00fddn\u016f pot\u00e9, co instituce zv\u00fd\u0161ila \u00farokov\u00e9 sazby, aby omezila ceny poh\u00e1n\u011bn\u00e9 konfliktem na Bl\u00edzk\u00e9m v\u00fdchod\u011b. Region\u00e1ln\u00ed nap\u011bt\u00ed se nyn\u00ed d\u00edky m\u00edrov\u00e9 dohod\u011b zm\u00edrnilo, a\u010dkoli pan\u00ed Lagardeov\u00e1 zhodnotila, \u017ee dohoda zat\u00edm nen\u00ed skute\u010dn\u011b udr\u017eiteln\u00e1. V t\u00e9to souvislosti se tv\u016frci politik mus\u00ed rozhodnout, zda je nutn\u00e9 dal\u0161\u00ed zp\u0159\u00eds\u0148ov\u00e1n\u00ed m\u011bnov\u00e9 politiky. Navzdory ochlazen\u00ed cen ropy n\u011bkte\u0159\u00ed p\u0159edstavitel\u00e9 ECB st\u00e1le podporuj\u00ed dal\u0161\u00ed zvy\u0161ov\u00e1n\u00ed \u00farokov\u00fdch sazeb.<\/p>\n

Prohl\u00e1\u0161en\u00ed prezidenta ECB nav\u00edc zazn\u011blo t\u011bsn\u011b p\u0159ed zve\u0159ejn\u011bn\u00edm \u010dervnov\u00e9 zpr\u00e1vy euroz\u00f3ny o inflaci. Analytici p\u0159edpov\u00eddali, \u017ee inflace v regionu klesne z kv\u011btnov\u00fdch 3,2 % na 3 %. Tento v\u00fdvoj vedl n\u011bkter\u00e9 v\u00fdzkumn\u00e9 firmy, jako nap\u0159\u00edklad Oxford Economics a Capital Economics, k domn\u011bnce, \u017ee ECB zastav\u00ed zvy\u0161ov\u00e1n\u00ed \u00farokov\u00fdch sazeb. Trh nicm\u00e9n\u011b st\u00e1le o\u010dek\u00e1v\u00e1, \u017ee ECB zv\u00fd\u0161\u00ed depozitn\u00ed sazbu o dal\u0161\u00edch 0,25 procentn\u00edho bodu, aby se dostala na 2,5 %.<\/p>\n

Obchodn\u00ed aktivita v euroz\u00f3n\u011b v \u010dervnu 2026 nad\u00e1le klesala, ale tempo se zpomalilo, co\u017e nazna\u010duje, \u017ee se ekonomika<\/a> postupn\u011b stabilizuje.<\/p>\n

Podle pr\u016fzkumu spole\u010dnosti S&P Global zve\u0159ejn\u011bn\u00e9ho 23. \u010dervna dos\u00e1hl kompozitn\u00ed index n\u00e1kupn\u00edch mana\u017eer\u016f (PMI) euroz\u00f3ny 49,5 bodu, co\u017e je n\u00e1r\u016fst oproti 48,5 bodu v kv\u011btnu 2026 a nejvy\u0161\u0161\u00ed \u00farove\u0148 za t\u0159i m\u011bs\u00edce. A\u010dkoli je tento v\u00fdsledek st\u00e1le pod hranic\u00ed 50 bod\u016f, nazna\u010duje, \u017ee se ekonomick\u00e9 zpomalen\u00ed zm\u00edrnilo.<\/p>\n

Chris Williamson, hlavn\u00ed ekonom spole\u010dnosti S&P Global, se domn\u00edv\u00e1, \u017ee ekonomika euroz\u00f3ny z\u016fst\u00e1v\u00e1 odoln\u00e1 v\u016f\u010di riziku recese. Tvrd\u00ed, \u017ee m\u00edrn\u00fd pokles podnikatelsk\u00e9 aktivity v \u010dervnu 2026 nazna\u010duje, \u017ee HDP regionu pravd\u011bpodobn\u011b z\u016fstane ve druh\u00e9m \u010dtvrtlet\u00ed roku 2026 prakticky nezm\u011bn\u011bn.<\/p>\n

Toto zlep\u0161en\u00ed je \u010d\u00e1ste\u010dn\u011b zp\u016fsobeno uvoln\u011bn\u00edm cenov\u00fdch tlak\u016f a n\u00e1klad\u016f na energie po p\u0159edb\u011b\u017en\u00e9 m\u00edrov\u00e9 dohod\u011b mezi USA a \u00cdr\u00e1nem. V d\u016fsledku toho se pozitivn\u011bji projevil i v\u00fdhled pro odv\u011btv\u00ed cestovn\u00edho ruchu a voln\u00e9ho \u010dasu, jeliko\u017e popt\u00e1vka po cestov\u00e1n\u00ed se postupn\u011b zotavuje pot\u00e9, co ji ovlivnil konflikt na Bl\u00edzk\u00e9m v\u00fdchod\u011b.<\/p>\n

O\u017eiven\u00ed v\u0161ak z\u016fst\u00e1v\u00e1 k\u0159ehk\u00e9, proto\u017ee nov\u00e9 objedn\u00e1vky nad\u00e1le klesaj\u00ed. Mezit\u00edm v\u00fdrobn\u00ed sektor nad\u00e1le roste a index PMI dos\u00e1hl v \u010dervnu 2026 hodnoty 51,3 bodu. Celkov\u011b ekonomika euroz\u00f3ny vykazuje ve srovn\u00e1n\u00ed s p\u0159edchoz\u00edmi m\u011bs\u00edci zn\u00e1mky zlep\u0161en\u00ed, a\u010dkoli st\u00e1le \u010del\u00ed slab\u00e9 popt\u00e1vce a rizik\u016fm plynouc\u00edm z geopolitick\u00e9 situace.<\/p>\n

Mezin\u00e1rodn\u00ed m\u011bnov\u00fd fond (MMF) ji\u017e d\u0159\u00edve, 11. \u010dervna, varoval, \u017ee energetick\u00fd \u0161ok zp\u016fsoben\u00fd konfliktem na Bl\u00edzk\u00e9m v\u00fdchod\u011b, kter\u00fd trv\u00e1 ji\u017e \u010dtvrt\u00fd m\u011bs\u00edc, sn\u00ed\u017e\u00ed r\u016fst euroz\u00f3ny prud\u010deji, ne\u017e se d\u0159\u00edve o\u010dek\u00e1valo, a z\u00e1rove\u0148 zv\u00fd\u0161\u00ed inflaci.<\/p>\n

Podle nov\u00fdch progn\u00f3z dos\u00e1hne hospod\u00e1\u0159sk\u00fd r\u016fst euroz\u00f3ny letos pouze 0,9 %, co\u017e je m\u00e9n\u011b ne\u017e 1,1 %, kter\u00e9 MMF p\u0159edpov\u00eddal v dubnu, a v roce 2027 vzroste na 1,2 %. <\/p>\n

Inflace se letos odhaduje na 2,8 %, co\u017e je v\u00edce ne\u017e dubnov\u00e1 progn\u00f3za 2,6 % a o 0,8 procentn\u00edho bodu v\u00edce ne\u017e v obdob\u00ed p\u0159ed zah\u00e1jen\u00edm vojensk\u00e9 kampan\u011b USA a Izraele proti \u00cdr\u00e1nu koncem \u00fanora 2026.<\/p>\n

MMF tvrd\u00ed, \u017ee i kdy\u017e je prudk\u00fd n\u00e1r\u016fst cen ropy a plynu pouze do\u010dasn\u00fd, d\u016fv\u011bra spot\u0159ebitel\u016f se v d\u016fsledku del\u0161\u00edch obdob\u00ed naru\u0161en\u00ed trhu s energi\u00ed st\u00e1le oslab\u00ed, co\u017e zv\u00fd\u0161\u00ed riziko \u0161krt\u016f ve v\u00fddaj\u00edch.<\/p>\n

Podle MMF zv\u00fd\u0161ila t\u00e9m\u011b\u0159 \u00fapln\u00e1 blok\u00e1da Hormuzsk\u00e9ho pr\u016flivu pro n\u00e1mo\u0159n\u00ed p\u0159epravu ropy a plynu z Persk\u00e9ho z\u00e1livu tlak na dod\u00e1vky energie. MMF rovn\u011b\u017e poznamenal, \u017ee po\u0161kozen\u00ed v\u00fdrobn\u00edch za\u0159\u00edzen\u00ed by mohlo prodlou\u017eit nedostatek dod\u00e1vek o n\u011bkolik dal\u0161\u00edch m\u011bs\u00edc\u016f.<\/p>\n

MMF odhaduje, \u017ee pokud energetick\u00fd \u0161ok bude trvat d\u00e9le, ne\u017e se o\u010dek\u00e1valo, inflace a infla\u010dn\u00ed o\u010dek\u00e1v\u00e1n\u00ed by mohly d\u00e1le r\u016fst, zat\u00edmco klesaj\u00edc\u00ed d\u016fv\u011bra nebo finan\u010dn\u00ed stres by mohly oslabit popt\u00e1vku.<\/p>\n

\"Vietnam<\/a>Vietnam povzbuzuje americk\u00e9 firmy k roz\u0161\u00ed\u0159en\u00ed investic do vysp\u011bl\u00fdch technologi\u00ed.<\/a>R\u00e1no 26. \u010dervna v s\u00eddle vl\u00e1dy p\u0159ijal m\u00edstop\u0159edseda vl\u00e1dy Ho Quoc Dung pana Jeffa Place, \u0159editele dodavatelsk\u00e9ho \u0159et\u011bzce spole\u010dnosti Coherent Group (USA). B\u011bhem setk\u00e1n\u00ed m\u00edstop\u0159edseda vl\u00e1dy potvrdil, \u017ee Vietnam povzbuzuje americk\u00e9 podniky k roz\u0161\u00ed\u0159en\u00ed investic, zejm\u00e9na v oblasti high-tech, inovac\u00ed a polovodi\u010dov\u00e9ho pr\u016fmyslu.\"Povzbuzovat<\/a>\"Vietnam<\/a><\/p>\n

MMF rovn\u011b\u017e vzal na v\u011bdom\u00ed v\u00fdzvy, kter\u00fdm \u010del\u00ed ECB, kter\u00e1 11. \u010dervna zv\u00fd\u0161ila svou referen\u010dn\u00ed \u00farokovou sazbu na 2,25 %, aby omezila ekonomick\u00fd dopad krize a udr\u017eela inflaci pod kontrolou.<\/p>\n

Ve stejn\u00fd den ECB tak\u00e9 sn\u00ed\u017eila svou progn\u00f3zu hospod\u00e1\u0159sk\u00e9ho r\u016fstu euroz\u00f3ny v roce 2026 z 0,9 % na 0,8 % a z\u00e1rove\u0148 zv\u00fd\u0161ila svou progn\u00f3zu inflace na 3 %, co\u017e je v\u00fdrazn\u011b v\u00edce ne\u017e jej\u00ed c\u00edl 2 %.<\/p>\n

MMF zd\u016fraznil, \u017ee bezprost\u0159edn\u00ed prioritou je \u201eudr\u017eet stabiln\u00ed infla\u010dn\u00ed o\u010dek\u00e1v\u00e1n\u00ed a zm\u00edrnit dopad energetick\u00e9ho \u0161oku v r\u00e1mci dostupn\u00e9ho fisk\u00e1ln\u00edho prostoru\u201c, ani\u017e by se nadm\u011brn\u011b zvy\u0161ovaly ve\u0159ejn\u00e9 v\u00fddaje \u2013 co\u017e by prohloubilo rozpo\u010dtov\u00fd deficit.<\/p>\n

Zdroj: https:\/\/baotintuc.vn\/kinh-te\/chu-tich-ecb-chau-au-dang-ngay-cang-kien-cuong-hon-truc-nhung-cu-soc-kinh-te-20260630171259684.htm<\/p>\n","protected":false},"excerpt":{"rendered":"Toto prohl\u00e1\u0161en\u00ed u\u010dinila prezidentka Evropsk\u00e9 centr\u00e1ln\u00ed banky (ECB) Christine Lagardeov\u00e1 na v\u00fdro\u010dn\u00edm f\u00f3ru v portugalsk\u00e9 Sint\u0159e 29. \u010dervna.…\n","protected":false},"author":2,"featured_media":133989,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3],"tags":[5678,109,108,106,10459,36114,33065,36113,684],"class_list":["post-133988","post","type-post","status-publish","format-standard","has-post-thumbnail","category-evropa","tag-ecb","tag-europa","tag-europe","tag-evropa","tag-evropska-ekonomika","tag-financni-pravni-ramec","tag-inflacni","tag-prezident-ecb","tag-urokova-sazba"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116838665042208423","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/133988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=133988"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/133988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/133989"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=133988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=133988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=133988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}