{"id":202324,"date":"2026-05-14T13:35:12","date_gmt":"2026-05-14T13:35:12","guid":{"rendered":"https:\/\/www.europesays.com\/lv\/202324\/"},"modified":"2026-05-14T13:35:12","modified_gmt":"2026-05-14T13:35:12","slug":"ecb-bridina-par-iespejamu-procentu-likmju-kapumu","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/lv\/202324\/","title":{"rendered":"ECB br\u012bdina par iesp\u0113jamu procentu likmju k\u0101pumu"},"content":{"rendered":"

Eiropas Centr\u0101l\u0101 banka (ECB) virz\u0101s uz procentu likmju cel\u0161anu, lai ne\u013cautu naftas cenu \u0161okam rad\u012bt nekontrol\u0113jamu infl\u0101ciju, raksta \u201cPolitico.\u201d<\/a><\/p>\n

Run\u0101jot ar \u201cPolitico,\u201d Maltas bankas vad\u012bt\u0101js Aleksandrs Demarko (Alexander Demarco) izteica viedokli, kas at\u0161\u0137\u012bras no citu politikas veidot\u0101ju teikt\u0101, kuri aicin\u0101ju\u0161i b\u016bt paciet\u012bgiem un mudin\u0101ju\u0161i ieg\u016bt pla\u0161\u0101kus datus pirms stingr\u0101ku l\u0113mumu pie\u0146em\u0161anas. Vi\u0146\u0161 piekrita, ka ECB j\u0101saglab\u0101 uztic\u012bba datiem un l\u0113mumi j\u0101pie\u0146em no tik\u0161an\u0101s uz tik\u0161anos, ta\u010du neizr\u0101d\u012bja optimismu par virzienu, kur\u0101 nor\u0101da inform\u0101cija. Demarko 11.maija intervij\u0101 sac\u012bja, ka cer\u012bbas tikt cauri naftas cenu \u0161okam s\u0101k izbal\u0113t, un izskat\u0101s, ka konflikts ieilgs un naftas cenas ar\u012b turpm\u0101k b\u016bs augstas.<\/p>\n

Pat tad, ja pirms k\u0101rt\u0113j\u0101s ECB tik\u0161an\u0101s 11.j\u016bnij\u0101 kar\u0161 Ir\u0101n\u0101 beigsies, ener\u0123\u0113tikas tirgus var neatdzist pietiekami, lai \u013cautu saglab\u0101t l\u012bdz\u0161in\u0113jo procentu likmju l\u012bmeni. Demarko teica, ka infrastrukt\u016brai nodar\u012btais kait\u0113jums ir tik liels, lai energoresursu cenas joproj\u0101m b\u016btu augst\u0101kas nek\u0101 pirms konflikta. T\u0101pat ar\u012b ilgsto\u0161s pamiers neatjaunos pieg\u0101des ce\u013cus, ja ku\u0123o\u0161ana caur Hormuza \u0161aurumu turpin\u0101s b\u016bt b\u012bstama.<\/p>\n

\u0160is ir jau otrais smagais satricin\u0101jums ener\u0123\u0113tik\u0101, ko Eiropa pieredz \u010detru gadu laik\u0101. P\u0113c Krievijas pilna m\u0113roga iebrukuma Ukrain\u0101 2022.gada febru\u0101r\u012b ECB s\u0101kotn\u0113ji uztv\u0113ra energoresursu cenu k\u0101pumu k\u0101 \u012bslaic\u012bgu probl\u0113mu, tom\u0113r t\u0101s ietekm\u0113ja visu ekonomiku, paaugstinot infl\u0101cijas prognozes un algu l\u012bmeni, ar laiku pace\u013cot infl\u0101ciju virs 10%.<\/p>\n

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Apr\u012b\u013ca tik\u0161an\u0101s laik\u0101 ECB saglab\u0101ja procentu likmi nemain\u012btu,<\/p>\n<\/blockquote>\n

par sp\u012bti tam, ka infl\u0101cija uzk\u0101pa virs 3%, nor\u0101dot, ka vid\u0113ja termi\u0146a prognozes joproj\u0101m r\u0101da cenu spiediena mazin\u0101\u0161anos. Taj\u0101 pa\u0161\u0101 laik\u0101 ECB lika noprast, ka j\u016bnij\u0101 procentu likmes var\u0113tu augt. Demarko ir ap\u0146\u0113mis neatk\u0101rtot 2022.gad\u0101 pie\u013caut\u0101s k\u013c\u016bdas, un sac\u012bja, ka politikas veidot\u0101jiem j\u0101aptur energoresursu cenu paaugstin\u0101\u0161an\u0101s rad\u012bt\u0101 infl\u0101cija un to ietekme uz vid\u0113ja termi\u0146a prognoz\u0113m. Lai gan v\u0113l nav redzamas paz\u012bmes straujam infl\u0101cijas k\u0101pumam, vi\u0146\u0161 br\u012bdin\u0101ja, ka \u0161is ir tikai s\u0101kums, un t\u0101das lietas nenotiek vienas dienas laik\u0101.<\/p>\n

Demarko atteic\u0101s koment\u0113t, cik reizes b\u016bs j\u0101ce\u013c procentu likmes. ECB esot ap\u0146\u0113musies veidot monet\u0101ro politiku t\u0101, lai vid\u0113j\u0101 termi\u0146\u0101 infl\u0101cija stabiliz\u0113tos 2% l\u012bmen\u012b, un tam var\u0113tu pietikt ar vienreiz\u0113ju procentu likmju cel\u0161anu, bet tikpat iesp\u0113jams, ka tas b\u016bs jadara vair\u0101kk\u0101rt. Tirgi pa\u0161reiz paredz tr\u012bs ECB procentu likmju cel\u0161anas reizes, savuk\u0101rt liel\u0101k\u0101 da\u013ca ekonomikas ekspertu sagaida maig\u0101ku pieeju.<\/p>\n

ECB dillema ir, ka, pace\u013cot procentu likmes laik\u0101, kad kav\u0113tas energoresursu pieg\u0101des, jau t\u0101 nov\u0101jin\u0101t\u0101 ekonomika sa\u0146ems n\u0101kamo triecienu. L\u012bdz ar to<\/p>\n

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vair\u0101ki politikas veidot\u0101ji aicina nesteigties un dzi\u013c\u0101k izv\u0113rt\u0113t datus,<\/p>\n<\/blockquote>\n

lai saprastu, vai nepiecie\u0161ama procentu likmju cel\u0161ana.<\/p>\n

Vair\u0101ki ekonomisti, tostarp \u201cBerenberg Bank\u201d galvenais ekonomists Holgers \u0160m\u012bdings (Holger Schmieding) un \u201cEFG Bank\u201d galvenais ekonomists Stefans Gerlahs (Stefan Gerlach) nor\u0101d\u012bju\u0161i, ka ECB j\u0101b\u016bt paciet\u012bgai. \u0160m\u012bdings atkl\u0101taj\u0101 v\u0113stul\u0113 11.maij\u0101 rakst\u012bja, ka Ir\u0101nas kar\u0161 un t\u0101 sekas smagi ietekm\u0113 ekonomiku: \u201cAr v\u0101ju izaugsmi un pieaugot bezdarbam, darbinieki diez vai sp\u0113s pan\u0101kt iev\u0113rojamu algu pieaugumu. Ar\u012b uz\u0146\u0113mumi nesp\u0113s p\u0101rcelt visas papildu izmaksas uz klientiem.\u201d<\/p>\n

Demarko atbalsta ECB prognozes, kas liecina, ka no recesijas var\u0113s izvair\u012bties, bet atzina risku, ka kr\u012bze var\u0113tu k\u013c\u016bt pietiekami smaga, lai liktu piev\u0113rsties degvielas taup\u012b\u0161anai. Ja t\u0101 notik\u0161ot, tad esot re\u0101ls risks, lai iest\u0101tos recesija, bet pagaid\u0101m l\u012bdz \u0161im punktam nav non\u0101kts.<\/p>\n

Lasiet ar\u012b: Karadarb\u012bba Ir\u0101n\u0101 palielina ba\u017eas par infl\u0101ciju; ECB r\u012bkosies stingri<\/a><\/p>\n

Seko mums ar\u012b\u00a0Facebook<\/a>,\u00a0Draugiem<\/a>\u00a0un\u00a0X<\/a>!<\/p>\n