Eiropas Centr\u0101l\u0101s bankas (ECB) nost\u0101ja par procentu likm\u0113m: stabilit\u0101te un piesardz\u012bba nenoteikt\u012bbas laik\u0101<\/p>\n
Eiropas Centr\u0101l\u0101s bankas (ECB) monet\u0101r\u0101 politika \u0161obr\u012bd ir nost\u0101d\u012bta stabil\u0101 poz\u012bcij\u0101, ta\u010du, k\u0101 to bie\u017ei vien dz\u012bv\u0113 notiek, situ\u0101cija var main\u012bties. Atsaucoties uz ECB Padomes locek\u013ca Fransu\u0101 Vilru\u0101 de Galo teikto, ir skaidrs, ka bankas strat\u0113\u0123ija ir r\u016bp\u012bgi p\u0101rdom\u0101ta, lai gan past\u0101v nep\u0101rtraukta c\u012b\u0146a ar tirgus riskiem, kas rodas no main\u012bg\u0101s finan\u0161u tirgu dinamikas. Lai gan infl\u0101cija turas tuvu m\u0113r\u0137a l\u012bmenim, un tautsaimniec\u012bbas izaugsme turpin\u0101s, glob\u0101l\u0101 ekonomisk\u0101 aina ir visai sare\u017e\u0123\u012bta, ko v\u0113l vair\u0101k pastiprina ilgsto\u0161ie tirdzniec\u012bbas str\u012bdi un \u0123eopolitisk\u0101 spriedze. Tas viss liek bankai saglab\u0101t modr\u012bbu un b\u016bt gatavai piel\u0101got savu politiku.<\/p>\n
ECB galven\u0101s procentu likmes paliek nemain\u012bgas<\/p>\n
P\u0113d\u0113j\u0101 ECB Padomes s\u0113d\u0113, kas notika 2025. gada 30. oktobr\u012b, tika pie\u0146emts l\u0113mums saglab\u0101t nemain\u012bgas tr\u012bs galven\u0101s procentu likmes: noguld\u012bjumu iesp\u0113jas uz nakti likme paliek 2%, galven\u0101 refinans\u0113\u0161anas oper\u0101cija \u2013 2,15%, bet aizdevumu iesp\u0113jas uz nakti \u2013 2,40%. \u0160ie procentu l\u012bme\u0146i ir sp\u0113k\u0101 kop\u0161 2025. gada 11. j\u016bnija, radot paredzamu un stabilu vidi finan\u0161u tirgos, kas ir k\u0101 mierin\u0101juma v\u0113sts uz\u0146\u0113mumiem un m\u0101jsaimniec\u012bb\u0101m, \u013caujot pl\u0101not savas finanses ar liel\u0101ku dro\u0161\u012bbu. \u0160\u0101da stabilit\u0101te ir svar\u012bga, jo \u012bpa\u0161i laik\u0101, kad ekonomika v\u0113l nav piln\u012bb\u0101 atguvusies no iepriek\u0161\u0113j\u0101m kr\u012bz\u0113m.<\/p>\n
Infl\u0101cijas m\u0113r\u0137is un ekonomikas izaugsmes l\u012bdzsvars<\/p>\n
ECB galvenais m\u0113r\u0137is ir nodro\u0161in\u0101t infl\u0101cijas stabiliz\u0101ciju vid\u0113j\u0101 termi\u0146\u0101, saglab\u0101jot to pie 2% m\u0113r\u0137a l\u012bme\u0146a. Lai gan infl\u0101cijas spiediens ir mazin\u0101jies, joproj\u0101m past\u0101v riski, kas var\u0113tu to atjaunot. T\u0101p\u0113c bankas monet\u0101r\u0101 politika saglab\u0101jas nedaudz piesardz\u012bga. Tas ir k\u0101 l\u012bdzsvaro\u0161anas akrob\u0101tikas akts, kur\u0101 ECB cen\u0161as ne\u013caut infl\u0101cijai k\u013c\u016bt par p\u0101r\u0101k lielu \u0113nu, vienlaikus veicinot uz\u0146\u0113mumu un darba tirgus att\u012bst\u012bbu. Svar\u012bgi saprast, ka procentu likmes ir viens no galvenajiem instrumentiem, ar kuru ECB ietekm\u0113 naudas pl\u016bsmu ekonomik\u0101. Ja likmes ir zemas, aiz\u0146emties ir l\u0113t\u0101k, kas mudina uz\u0146\u0113mumus invest\u0113t un cilv\u0113kus t\u0113r\u0113t. Ja likmes ir augstas, situ\u0101cija ir pret\u0113ja.<\/p>\n
N\u0101kotnes prognozes un tirgus gaidas<\/p>\n
Pa\u0161reiz\u0113jie tirgus dal\u012bbnieki negaida t\u0101l\u0101kus procentu likmju samazin\u0101jumus un prognoz\u0113, ka pa\u0161reiz\u0113jais l\u012bmenis saglab\u0101sies vismaz l\u012bdz 2026. gada beig\u0101m. Tom\u0113r pieredze r\u0101da, ka \u0161\u0101das prognozes ne vienm\u0113r piepild\u0101s, t\u0101p\u0113c p\u0101r\u0101k dro\u0161a pa\u013cau\u0161an\u0101s uz eso\u0161ajiem scen\u0101rijiem var sag\u0101d\u0101t vil\u0161anos. K\u0101ds ir n\u0101kotnes virziens? ECB Padome savu n\u0101kamo l\u0113mumu par procentu likm\u0113m pie\u0146ems, balstoties uz sa\u0146emtajiem tautsaimniec\u012bbas un finan\u0161u datiem, k\u0101 ar\u012b infl\u0101cijas perspekt\u012bvu un riskiem, kas to apdraud. T\u0101pat tiek v\u0113rt\u0113ta pamatinfl\u0101cijas dinamika un monet\u0101r\u0101s politikas transmisijas sp\u0113ks. Banka uzsver, ka t\u0101 iepriek\u0161 neap\u0146emas virz\u012bt procentu likmes konkr\u0113t\u0101 virzien\u0101, saglab\u0101jot elast\u012bgu pieeju, kas piel\u0101gosies main\u012bgajiem apst\u0101k\u013ciem.<\/p>\n
Papildu monet\u0101r\u0101s politikas instrumenti<\/p>\n
Papildus procentu likmju kontrolei, ECB turpina samazin\u0101t akt\u012bvu ieg\u0101des programmas (AIP) un pand\u0113mijas \u0101rk\u0101rtas akt\u012bvu ieg\u0101des programmas (P\u0100AIP) portfe\u013cus m\u0113ren\u0101 un prognoz\u0113jam\u0101 temp\u0101. \u0160is process notiek, Eurosist\u0113mai vairs neieguldot v\u0113rtspap\u012brus, kuriem pien\u0101cis dz\u0113\u0161anas termi\u0146\u0161, pamatsummas maks\u0101jumus. T\u0101pat pieejams ir Transmisijas aizsardz\u012bbas instruments, kas paredz\u0113ts, lai nov\u0113rstu nev\u0113lamu haotisku tirgus dinamiku, kas rada nopietnu apdraud\u0113jumu monet\u0101r\u0101s politikas transmisijai vis\u0101s eurozonas valst\u012bs. \u0160ie pas\u0101kumi kopum\u0101 apliecina ECB centienus uztur\u0113t ekonomikas l\u012bdzsvaru un nodro\u0161in\u0101t stabilit\u0101ti eirozon\u0101.<\/p>\n","protected":false},"excerpt":{"rendered":"Eiropas Centr\u0101l\u0101s bankas (ECB) nost\u0101ja par procentu likm\u0113m: stabilit\u0101te un piesardz\u012bba nenoteikt\u012bbas laik\u0101 Eiropas Centr\u0101l\u0101s bankas (ECB) monet\u0101r\u0101…\n","protected":false},"author":2,"featured_media":39613,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[77,76,548,552,550,35,39,38,36,37,34,40,4049,549],"class_list":{"0":"post-39612","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bizness","8":"tag-bizness","9":"tag-business","10":"tag-ecb","11":"tag-eirozona","12":"tag-inflacija","13":"tag-latvia","14":"tag-latvian","15":"tag-latviesu","16":"tag-latviesu-valoda","17":"tag-latviesuvaloda","18":"tag-latvija","19":"tag-lv","20":"tag-monetara-politika","21":"tag-procentu-likmes"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@lv\/115490740178506577","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/posts\/39612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/comments?post=39612"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/posts\/39612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/media\/39613"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/media?parent=39612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/categories?post=39612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/tags?post=39612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}