{"id":653,"date":"2022-01-11T18:01:41","date_gmt":"2022-01-11T17:01:41","guid":{"rendered":"https:\/\/denikbyznys.cz\/?p=653"},"modified":"2022-01-11T18:01:42","modified_gmt":"2022-01-11T17:01:42","slug":"novy-sef-nemecke-centralni-banky-vyzyva-ecb-aby-sledovala-inflaci","status":"publish","type":"post","link":"https:\/\/denikbyznys.cz\/?p=653","title":{"rendered":"Nov\u00fd \u0161\u00e9f n\u011bmeck\u00e9 centr\u00e1ln\u00ed banky vyz\u00fdv\u00e1 ECB, aby sledovala inflaci"},"content":{"rendered":"\n

Vysok\u00e9 tempo r\u016fstu inflace v euroz\u00f3n\u011b nen\u00ed zcela do\u010dasn\u00e9 a rizika jsou vych\u00fdlena sm\u011brem k vy\u0161\u0161\u00edm hodnot\u00e1m, ne\u017e se o\u010dek\u00e1valo. Prohl\u00e1sil to v \u00fater\u00fd nov\u00fd prezident n\u011bmeck\u00e9 centr\u00e1ln\u00ed banky Bundesbank Joachim Nagel, kter\u00fd tak zpochybnil narativ Evropsk\u00e9 centr\u00e1ln\u00ed banky (ECB) o cenov\u00fdch tlac\u00edch.<\/p>\n\n\n\n

ECB by proto m\u011bla „b\u00fdt na str\u00e1\u017ei“ vzhledem k rekordn\u00ed inflaci v regionu, \u0159ekl v \u00fater\u00fd Nagel ve sv\u00e9m prvn\u00edm prohl\u00e1\u0161en\u00ed ve funkci.<\/p>\n\n\n\n

Nov\u00fd \u0161\u00e9f Bundesbank u\u017e b\u011bhem slavnostn\u00ed p\u0159\u00edsahy koncem minul\u00e9ho t\u00fddne v p\u00e1tek (7. 1.) dal jasn\u011b najevo, \u017ee bude pokra\u010dovat v politice tzv. . jest\u0159\u00e1b\u016f, stoupenc\u016f tvrd\u00e9 linie.<\/p>\n\n\n\n

„Je pravda, \u017ee vysokou m\u00edru inflace lze p\u0159ipsat speci\u00e1ln\u00edm efekt\u016fm, kter\u00e9 automaticky vypr\u0161\u00ed, ale ne \u00fapln\u011b,“ \u0159ekl Nagel. „Vid\u00edm nebezpe\u010d\u00ed, \u017ee inflace by mohla z\u016fstat vysok\u00e1 d\u00e9le, ne\u017e se o\u010dek\u00e1valo.“<\/p>\n\n\n\n

Meziro\u010dn\u00ed m\u00edra inflace v m\u011bnov\u00e9m bloku dos\u00e1hla minul\u00fd m\u011bs\u00edc historick\u00e9ho rekordu 5 %. Ale ECB toto \u010d\u00edslo bagatelizovala a tvrdila, \u017ee za to mohou zejm\u00e9na prudce rostouc\u00ed ceny energi\u00ed, a \u017ee se r\u016fst spot\u0159ebitelsk\u00fdch cen do konce roku vr\u00e1t\u00ed pod jej\u00ed c\u00edl na \u00farovni 2 % i bez zp\u0159\u00edsn\u011bn\u00ed m\u011bnov\u00e9 politiky.<\/p>\n\n\n\n

Bundesbank toto tvrzen\u00ed dlouho zpochyb\u0148ovala a varovala, \u017ee profil inflace nen\u00ed tak p\u0159\u00edzniv\u00fd. Zd\u00e1 se, \u017ee Nagel stoj\u00ed na stran\u011b sv\u00e9ho p\u0159edch\u016fdce Jense Weidmanna, kter\u00fd po p\u011bti letech p\u0159ed\u010dasn\u011b ukon\u010dil druh\u00e9 funk\u010dn\u00ed obdob\u00ed v Bundesbanku poznamen\u00e1no ne\u00fasp\u011b\u0161n\u00fdm bojem proti deset let trvaj\u00edc\u00ed ultra voln\u00e9 politice ECB.<\/p>\n\n\n\n

Nagel v \u00fater\u00fd upozornil, \u017ee inflace po\u0161kozuje nejchud\u0161\u00ed, a sl\u00edbil, \u017ee z\u016fstane zast\u00e1ncem cenov\u00e9 stability.<\/p>\n\n\n\n

„Lid\u00e9 z N\u011bmecka pr\u00e1vem o\u010dek\u00e1vaj\u00ed, \u017ee Bundesbank bude hlasit\u00fdm zast\u00e1ncem kultury stability. Mohu v\u00e1s ujistit, \u017ee to tak z\u016fstane,“ \u0159ekl.<\/p>\n\n\n\n

Nagel, kter\u00fd z\u00edskal mand\u00e1t na osm let, uvedl tak\u00e9, \u017ee v\u00fdhled inflace je nad\u00e1le mimo\u0159\u00e1dn\u011b nejist\u00fd. M\u011bnov\u00e1 politika ECB tak mo\u017en\u00e1 bude muset na to reagovat, pokud re\u00e1ln\u00e9 v\u00fdsledky p\u0159ekonaj\u00ed o\u010dek\u00e1v\u00e1n\u00ed.<\/p>\n\n\n\n

Jeho p\u0159edch\u016fdce Weidmann se ne\u00fasp\u011b\u0161n\u011b postavil proti prosincov\u00e9mu rozhodnut\u00ed ECB o roz\u0161\u00ed\u0159en\u00ed pob\u00eddek, jeliko\u017e banka na konci b\u0159ezna 2022 ukon\u010d\u00ed nouzov\u00fd pandemick\u00fd program n\u00e1kupu aktiv PEPP. Takzvan\u00e9 holubice, tedy stoupenci m\u00edrn\u011bj\u0161\u00ed politiky ECB, v\u0161ak maj\u00ed pohodlnou v\u011bt\u0161inu v 25-\u010dlenn\u00e9 Rad\u011b guvern\u00e9r\u016f ECB.<\/p>\n\n\n\n

Weidmann byl jedn\u00edm z p\u011bti \u010dlen\u016f Rady guvern\u00e9r\u016f, kte\u0159\u00ed byli proti roz\u0161\u00ed\u0159en\u00ed pob\u00eddek. Zdroje bl\u00edzk\u00e9 diskusi p\u0159itom nazna\u010dily, \u017ee nejm\u00e9n\u011b dal\u0161\u00edch p\u011bt by mohlo zm\u011bnit stranu, pokud inflace bude nad\u00e1le p\u0159ekon\u00e1vat o\u010dek\u00e1v\u00e1n\u00ed.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

Hlavn\u00ed ekonom ECB Philip Lane zase v \u00fater\u00fd r\u00e1no zopakoval ofici\u00e1ln\u00ed stanovisko, \u017ee inflace v leto\u0161n\u00edm roce klesne a v p\u0159\u00ed\u0161t\u00edm roce a v roce 2024 se dostane pod 2% c\u00edl banky. Je\u0161t\u011b do lo\u0148sk\u00e9ho roku se p\u0159itom inflace pohybovala pod c\u00edlovou hranic\u00ed ECB, t\u00e9m\u011b\u0159 celou dek\u00e1du. Teprve loni vzrostla a ECB odhaduje, \u017ee dos\u00e1hla v pr\u016fm\u011bru 2,6 %. V leto\u0161n\u00edm roce o\u010dek\u00e1v\u00e1 inflaci na \u00farovni 3,2 %.<\/p>\n\n\n\n

Lane odm\u00edtl varov\u00e1n\u00ed o rizic\u00edch a poznamenal, \u017ee r\u016fst mezd, p\u0159edpoklad trval\u00e9 inflace, z\u016fst\u00e1v\u00e1 „anemick\u00fd“, co\u017e podle n\u011bj nazna\u010duje, \u017ee firmy nep\u0159izp\u016fsobuj\u00ed svou mzdovou politiku inflaci.<\/p>\n","protected":false},"excerpt":{"rendered":"

Vysok\u00e9 tempo r\u016fstu inflace v euroz\u00f3n\u011b nen\u00ed zcela do\u010dasn\u00e9 a rizika jsou vych\u00fdlena sm\u011brem k vy\u0161\u0161\u00edm hodnot\u00e1m, ne\u017e se o\u010dek\u00e1valo. Prohl\u00e1sil to v \u00fater\u00fd nov\u00fd prezident n\u011bmeck\u00e9 centr\u00e1ln\u00ed banky Bundesbank Joachim Nagel, kter\u00fd tak zpochybnil narativ Evropsk\u00e9 centr\u00e1ln\u00ed banky (ECB) o cenov\u00fdch tlac\u00edch. ECB by proto m\u011bla „b\u00fdt na str\u00e1\u017ei“ vzhledem k rekordn\u00ed inflaci v […]<\/p>\n","protected":false},"author":2,"featured_media":654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[262],"tags":[],"class_list":["post-653","post","type-post","status-publish","format-standard","has-post-thumbnail","category-investice"],"_links":{"self":[{"href":"https:\/\/denikbyznys.cz\/index.php?rest_route=\/wp\/v2\/posts\/653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/denikbyznys.cz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/denikbyznys.cz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/denikbyznys.cz\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/denikbyznys.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=653"}],"version-history":[{"count":0,"href":"https:\/\/denikbyznys.cz\/index.php?rest_route=\/wp\/v2\/posts\/653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/denikbyznys.cz\/index.php?rest_route=\/wp\/v2\/media\/654"}],"wp:attachment":[{"href":"https:\/\/denikbyznys.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/denikbyznys.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/denikbyznys.cz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}