{"id":681201,"date":"2026-03-11T06:56:04","date_gmt":"2026-03-11T06:56:04","guid":{"rendered":"https:\/\/microscopemedia.com\/?p=681201"},"modified":"2026-03-11T06:56:04","modified_gmt":"2026-03-11T06:56:04","slug":"banca-centrala-europeana-va-reactiona-daca-razboiul-cu-iranul-determina-cresterea-inflatiei","status":"publish","type":"post","link":"https:\/\/microscopemedia.com\/?p=681201","title":{"rendered":"Banca Central\u0103 European\u0103 va reac\u021biona dac\u0103 r\u0103zboiul cu Iranul determin\u0103 cre\u0219terea infla\u021biei"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/microscopemedia.com\/wp-content\/uploads\/2026\/03\/banca-centrala-europeana-va-reactiona-daca-razboiul-cu-iranul-determina-cresterea-inflatiei.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p id=\"p-0\">Investitorii au luat \u00een considerare ideea c\u0103 b\u0103ncile centrale ar putea fi nevoite s\u0103 revin\u0103 la o politic\u0103 monetar\u0103 restrictiv\u0103, anticip\u00e2nddou\u0103 major\u0103ri ale dob\u00e2nzii BCE, \u00eenainte de a-\u0219i reduce pariurile dup\u0103 ce Donald Trump a descris conflictul ca fiind \u201efoarte complet\u201d, potrivit <a href=\"https:\/\/www.reuters.com\/business\/finance\/ecb-will-react-if-iran-war-pushes-up-inflation-nagel-says-2026-03-11\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p id=\"p-1\">Nagel, care conduce Bundesbank din Germania, a men\u021bionat c\u0103 declara\u021biile lui Trump ofer\u0103 \u201emotive de speran\u021b\u0103\u201d, dar cre\u0219terea pre\u021burilor la energie a \u00eenr\u0103ut\u0103\u021bit perspectivele economice \u0219i a crescut riscurile de infla\u021bie.<\/p>\n<p id=\"p-2\">\u201eTrebuie s\u0103 fim foarte vigilen\u021bi. Dac\u0103 devine evident c\u0103 actualele cre\u0219teri ale pre\u021burilor la energie se vor traduce \u00eentr-o infla\u021bie generalizat\u0103 a pre\u021burilor de consum pe termen mediu, Consiliul guvernatorilor BCE va ac\u021biona \u00een mod decisiv \u0219i \u00een timp util\u201d, a declarat Nagel.<\/p>\n<p id=\"p-3\">Se a\u0219teapt\u0103 ca BCE s\u0103 men\u021bin\u0103 ratele dob\u00e2nzilor la \u0219edin\u021ba de s\u0103pt\u0103m\u00e2na viitoare \u0219i s\u0103 prezinte scenarii de cre\u0219tere \u0219i infla\u021bie \u00een cazul \u00een care conflictul se va prelungi. Pie\u021bele monetare estimeaz\u0103 acum o probabilitate de pu\u021bin peste 50% ca rata dob\u00e2nzii de politic\u0103 monetar\u0103 s\u0103 creasc\u0103 la sf\u00e2r\u0219itul anului p\u00e2n\u0103 la 2%.<\/p>\n<p id=\"p-4\">La fel ca mul\u021bi dintre colegii s\u0103i, Nagel a declarat c\u0103 sus\u021bine \u201eo abordare de a\u0219teptare\u201d, dar c\u0103 ultimele turbulen\u021be au pus probabil cap\u0103t dezbaterii recente privind infla\u021bia sub obiectivul de 2% al BCE.<\/p>\n<p id=\"p-5\">\u201eDiscu\u021biile privind ne\u00eendeplinirea obiectivului nostru de infla\u021bie vor fi probabil \u00eencheiate pentru moment. \u00cen acest moment, \u00eens\u0103, este \u00eenc\u0103 prea devreme pentru a evalua \u00een mod fiabil consecin\u021bele pe termen mediu \u0219i lung, av\u00e2nd \u00een vedere situa\u021bia volatil\u0103\u201d.<\/p>\n<p id=\"p-6\">BCE a reac\u021bionat lent la cre\u0219terea infla\u021biei alimentat\u0103 de energia \u00een urma invaziei Rusiei \u00een Ucraina \u00een 2022, pe care ini\u021bial o considerase temporar\u0103.<\/p>\n<p id=\"p-7\">De atunci, infla\u021bia \u00een zona euro a sc\u0103zut \u0219i se men\u021bine \u00een jurul valorii de 2% de peste un an.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investitorii au luat \u00een considerare ideea c\u0103 b\u0103ncile centrale ar putea fi nevoite s\u0103 revin\u0103 la o politic\u0103 monetar\u0103 restrictiv\u0103, anticip\u00e2nddou\u0103 major\u0103ri ale dob\u00e2nzii BCE, \u00eenainte de a-\u0219i reduce pariurile &hellip; <a href=\"https:\/\/microscopemedia.com\/?p=681201\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":681202,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/posts\/681201"}],"collection":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=681201"}],"version-history":[{"count":0,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/posts\/681201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/media\/681202"}],"wp:attachment":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=681201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=681201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=681201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}