{"id":34,"date":"2022-11-06T20:41:04","date_gmt":"2022-11-06T20:41:04","guid":{"rendered":"https:\/\/www.czechbankingnews.cz\/?p=34"},"modified":"2022-11-06T20:41:04","modified_gmt":"2022-11-06T20:41:04","slug":"cnb-rozhodla-o-stabilite-sazeb","status":"publish","type":"post","link":"https:\/\/www.czechbankingnews.cz\/?p=34","title":{"rendered":"\u010cNB rozhodla o stabilit\u011b sazeb"},"content":{"rendered":"<p><b>Pot\u0159et\u00ed v \u0159ad\u011b odhlasovala bankovn\u00ed rada \u010cNB stabilitu sazeb a z\u00e1kladn\u00ed \u00farokov\u00e1 sazba tak setrv\u00e1v\u00e1 na \u00farovni 7 %. Nov\u00e1 progn\u00f3za p\u0159itom i navzdory prodlou\u017een\u00e9mu horizontu m\u011bnov\u00e9 politiky volala po relativn\u011b razantn\u00edm zv\u00fd\u0161en\u00ed sazeb zhruba o 100 bazick\u00fdch bod\u016f.<\/b><!--more--><\/p>\n<p>Guvern\u00e9r Michl ale na tiskov\u00e9 konferenci uvedl, \u017ee rada se rozhodla preferovat stabiln\u00ed podm\u00ednky pro ekonomiku. P\u0159esto na dal\u0161\u00edm zased\u00e1n\u00ed podle n\u011bj bude diskuze o stabilit\u011b nebo zv\u00fd\u0161en\u00ed sazeb. Ot\u00e1zka mo\u017en\u00e9ho budouc\u00edho sni\u017eov\u00e1n\u00ed na tiskov\u00e9 konferenci nebyla ani tentokr\u00e1t otev\u0159ena. Pro stabilitu hlasovalo stejn\u011b jako na p\u0159edchoz\u00edch dvou zased\u00e1n\u00ed 5 ze 7 \u010dlen\u016f. Zbyl\u00e9 dva hlasy preferovaly zv\u00fd\u0161en\u00ed sazeb o 75bb. Nad\u00e1le bude \u010cNB pokra\u010dovat i v intervenc\u00edch zabra\u0148uj\u00edc\u00edch v\u00fdrazn\u011bj\u0161\u00edm v\u00fdkyv\u016fm koruny.<\/p>\n<table width=\"384\">\n<tbody>\n<tr>\n<td colspan=\"6\" bgcolor=\"white\" width=\"380\"><b>Z\u00e1kladn\u00ed sazba \u010cNB<\/b><\/td>\n<\/tr>\n<tr>\n<td bgcolor=\"#c5d9f1\" width=\"74\"><\/td>\n<td bgcolor=\"#c5d9f1\" width=\"74\">\n<div align=\"center\">Aktu\u00e1ln\u00ed<\/div>\n<\/td>\n<td bgcolor=\"#c5d9f1\" width=\"78\">\n<div align=\"center\">P\u0159edchoz\u00ed<\/div>\n<\/td>\n<td bgcolor=\"#c5d9f1\" width=\"74\">\n<div align=\"center\">RB<\/div>\n<\/td>\n<td colspan=\"2\" bgcolor=\"#c5d9f1\" width=\"74\">\n<div align=\"center\">Trh<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td bgcolor=\"white\" width=\"74\">% p.a.<\/td>\n<td bgcolor=\"white\" width=\"74\">\n<div align=\"center\">7,00<\/div>\n<\/td>\n<td bgcolor=\"white\" width=\"78\">\n<div align=\"center\">7,00<\/div>\n<\/td>\n<td bgcolor=\"white\" width=\"74\">\n<div align=\"center\">7,00<\/div>\n<\/td>\n<td colspan=\"2\" bgcolor=\"white\" width=\"74\">\n<div align=\"center\">7,00<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\" bgcolor=\"white\" width=\"380\">\nZdroj: Raiffeisenbank, Bloomberg<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Nov\u00e1 progn\u00f3za<\/b>\u00a0je zaj\u00edmav\u00e1 hned v n\u011bkolika ohledech. K z\u00e1sadn\u00edmu posunu do\u0161lo v oblasti\u00a0<b>budouc\u00edho nastaven\u00ed sazeb<\/b>. Letn\u00ed progn\u00f3za p\u0159edpokl\u00e1dala, \u017ee sazby ji\u017e dos\u00e1hly sv\u00e9ho vrcholu a m\u011blo by doch\u00e1zet k jejich relativn\u011b rychl\u00e9mu sni\u017eov\u00e1n\u00ed. Aktualizovan\u00fd model ale nazna\u010duje, \u017ee sazby by v r\u00e1mci tohoto \u010dtvrtlet\u00ed m\u011bly je\u0161t\u011b zhruba o jeden procentn\u00ed bod r\u016fst, v\u00fdrazn\u011b pomalej\u0161\u00ed je i \u00fastup na ni\u017e\u0161\u00ed \u00farovn\u011b. Pokles pod aktu\u00e1ln\u00ed v\u00fd\u0161i (tzn. prostor pro sni\u017eov\u00e1n\u00ed) nazna\u010duje progn\u00f3za \u010cNB a\u017e v polovin\u011b p\u0159\u00ed\u0161t\u00edho roku, co\u017e je konzistentn\u00ed i s na\u0161\u00edm v\u00fdhledem.<\/p>\n<p>K v\u00fdrazn\u00e9mu posunu do\u0161lo i u\u00a0<b>o\u010dek\u00e1van\u00e9ho v\u00fdvoje HDP<\/b>, a to zejm\u00e9na pro rok 2023. Letn\u00ed progn\u00f3za \u010cNB p\u0159edpokl\u00e1dala r\u016fst ekonomiky v p\u0159\u00ed\u0161t\u00edm roce o 1,1 %. Nov\u00fd v\u00fdhled pracuje s poklesem ekonomiky o 0,7 %. Sn\u00ed\u017een\u00ed se do\u010dkal i v\u00fdhled na rok 2024, z 3,8 % na 2,5 %. Na\u0161e progn\u00f3za tak v tomto p\u0159\u00edpad\u011b vyzn\u00edv\u00e1 optimisti\u010dt\u011bji, kdy o\u010dek\u00e1v\u00e1me, \u017ee ekonomika poroste o 0,9 % v p\u0159\u00ed\u0161t\u00edm roce, o 3,3 % pak v roce 2024.<\/p>\n<p>Nejmen\u0161\u00edch zm\u011bn ze strany \u010cNB se pak do\u010dkala<b>\u00a0progn\u00f3za inflace<\/b>. Podle dom\u00e1c\u00ed centr\u00e1ln\u00ed banky meziro\u010dn\u00ed inflace je\u0161t\u011b v z\u00e1v\u011bru roku poroste do bl\u00edzkosti 20 %. V celkov\u00e9m ro\u010dn\u00edm vyj\u00e1d\u0159en\u00ed by cenov\u00e1 hladina m\u011bla r\u016fst o 15,8 %, v roce 2023 pak o 9,1 %. Na\u0161e progn\u00f3za p\u0159edpokl\u00e1d\u00e1 pr\u016fm\u011brnou leto\u0161n\u00ed inflaci 16,3 %, v roce 2023 pak 10,7 %. P\u0159i zohledn\u011bn\u00ed cenov\u00e9ho stropu na energie ale vych\u00e1z\u00ed n\u00e1\u0161 odhad srovnateln\u011b s \u010cNB.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Pot\u0159et\u00ed v \u0159ad\u011b odhlasovala bankovn\u00ed rada \u010cNB stabilitu sazeb a z\u00e1kladn\u00ed \u00farokov\u00e1 sazba tak setrv\u00e1v\u00e1 na \u00farovni 7 %. Nov\u00e1 progn\u00f3za p\u0159itom i navzdory prodlou\u017een\u00e9mu <a class=\"mh-excerpt-more\" href=\"https:\/\/www.czechbankingnews.cz\/?p=34\" title=\"\u010cNB rozhodla o stabilit\u011b sazeb\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":35,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-34","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banky"],"_links":{"self":[{"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/posts\/34","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34"}],"version-history":[{"count":1,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/posts\/34\/revisions"}],"predecessor-version":[{"id":36,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/posts\/34\/revisions\/36"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/media\/35"}],"wp:attachment":[{"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}