{"id":567,"date":"2022-04-22T10:52:31","date_gmt":"2022-04-22T08:52:31","guid":{"rendered":"https:\/\/vecernespravy.sk\/?p=567"},"modified":"2022-04-22T10:52:32","modified_gmt":"2022-04-22T08:52:32","slug":"cnb-znovu-zvysila-urokove-sadzby","status":"publish","type":"post","link":"https:\/\/vecernespravy.sk\/?p=567","title":{"rendered":"\u010cNB znovu zv\u00fd\u0161ila \u00farokov\u00e9 sadzby"},"content":{"rendered":"\n

\u010cesk\u00e1 n\u00e1rodn\u00e1 banka (\u010cNB) znovu zv\u00fd\u0161ila \u00farokov\u00e9 sadzby, preto\u017ee s\u00fa mimoriadne siln\u00e9 infla\u010dn\u00e9 tlaky, ako v dom\u00e1cej, tak zahrani\u010dnej ekonomike. Ako sa zv\u00fd\u0161ili \u00farokov\u00e9 sadzby? A ak\u00e9 to bude ma\u0165 vplyv na kurz koruny a infl\u00e1ciu? Porast\u00fa \u00farokov\u00e9 sadzby aj na\u010falej?<\/p>\n\n\n\n

\u010cesk\u00e1 n\u00e1rodn\u00e1 banka (\u010cNB) pokra\u010duje vo razantnom zvy\u0161ovan\u00ed \u00farokov\u00fdch sadzieb a \u0161tvrt\u00fdkr\u00e1t v rade zv\u00fd\u0161ila \u00farokov\u00e9 sadzby. \u010cNB tak reagovala na siln\u00e9 infla\u010dn\u00e9 tlaky, ktor\u00e9 m\u00f4\u017eu r\u00e1s\u0165 cenov\u00e9 hladiny popostr\u010di\u0165 aj za 15% hranicu. Dodajme, \u017ee medziro\u010dn\u00e1 febru\u00e1rov\u00e1 infl\u00e1cia bola 11,1 %.<\/p>\n\n\n\n

Ako \u010cNB zv\u00fd\u0161ila sadzby od apr\u00edla 2022?
Pre\u010do \u010cNB zvy\u0161uje \u00farokov\u00e9 sadzby?
Ak\u00fd bude vplyv rastu \u00farokov\u00fdch sadzieb?
Ako reagoval kurz koruny na rozhodnutie \u010cNB?
Porast\u00fa \u00farokov\u00e9 sadzby aj na\u010falej?
\u010cNB zv\u00fd\u0161ila sadzby od 1. apr\u00edla 2022 o 0,50 %
\u010cesk\u00e1 n\u00e1rodn\u00e1 banka zv\u00fd\u0161ila s platnos\u0165ou od 1. apr\u00edla 2022 \u00farokov\u00e9 sadzby nasledovne:<\/p>\n\n\n\n

dvojt\u00fd\u017ed\u0148ov\u00e1 repo sadzba (2T repo sadzba) – 5,00 % p. a., vzr\u00e1stla o 0,50 percentu\u00e1lneho bodu (od 4. 2. 2022 do 31. 3. 2022 bola 4,50 % p.a.)
diskontn\u00e1 sadzba – 4,00 % p. a., vzr\u00e1stla o 0,50 percentu\u00e1lneho bodu (od 4. 2. 2022 do 31. 3. 2022 bola 3,50 % p.a.)
lombardn\u00e1 sadzba – 6,00 % p. a., vzr\u00e1stla o 0,50 percentu\u00e1lneho bodu (od 4. 2. 2022 do 31. 3. 2022 bola 5,50 % p.a.)
Za zv\u00fd\u0161enie \u00farokov\u00fdch sadzieb hlasovalo 5 \u010dlenov bankovej rady, 2 \u010dlenovia boli proti.<\/p>\n\n\n\n

Naposledy r\u00e1stli \u00farokov\u00e9 sadzby \u010cNB na za\u010diatku febru\u00e1ra tohto roku.<\/p>\n\n\n\n

\u010co znamenaj\u00fa jednotliv\u00e9 \u00farokov\u00e9 sadzby?
Repo sadzba
Repo sadzba je \u00farokov\u00e1 sadzba pod\u013ea ktorej sa stanovuj\u00fa \u00farokov\u00e9 sadzby pre fyzick\u00e9 aj pr\u00e1vnick\u00e9 osoby, napr\u00edklad sa stanovuj\u00fa \u00faroky z ome\u0161kania.<\/p>\n\n\n\n

Diskontn\u00e1 sadzba
Diskontn\u00e1 sadzba je \u00farokov\u00e1 sadzba, za ktorej sa \u00faro\u010dia vklady, ktor\u00e9 maj\u00fa komer\u010dn\u00e9 banky ulo\u017een\u00e9 v \u010ceskej n\u00e1rodnej banke<\/p>\n\n\n\n

Lombardn\u00e1 sadzba
Lombardn\u00e1 sadzba je \u00farokov\u00e1 sadzba, za ktor\u00fa si komer\u010dn\u00e9 banky po\u017ei\u010diavaj\u00fa peniaze od \u010ceskej n\u00e1rodnej banky.<\/p>\n\n\n\n

\u00darokov\u00e9 sadzby rast\u00fa hlavne kv\u00f4li vojne na Ukrajine
Guvern\u00e9r \u010cNB Ji\u0159\u00ed Rusnok uviedol, \u017ee v kr\u00e1tkodobom horizonte rast\u00fa proinflan\u010dn\u00e9 rizik\u00e1, a to kv\u00f4li vojne na Ukrajine, preto\u017ee rast\u00fa ceny energi\u00ed, priemyseln\u00fdch, stavebn\u00fdch aj potravin\u00e1rskych komod\u00edt. V dod\u00e1vkach materi\u00e1lu s\u00fa u\u017e teraz probl\u00e9my, ktor\u00e9 m\u00f4\u017eu r\u00e1s\u0165.<\/p>\n\n\n\n

V\u00fdh\u013ead rastu ceny ropy sa pod\u013ea \u010cNB v\u00fdrazne zv\u00fd\u0161il. To v\u0161etko s\u00fa d\u00f4vody, pre\u010do \u010cNB musela reagova\u0165 rastom \u00farokov\u00fdch sadzieb.<\/p>\n\n\n\n

Kv\u00f4li vojne sa rast \u010deskej ekonomiky pod\u013ea \u010cNB zn\u00ed\u017ei na polovicu, teda na 1,5 % HDP, p\u00f4vodne \u010cNB predikovala 3% rast a mala zr\u00fdchli\u0165 v roku 2023.<\/p>\n\n\n\n

\u010cNB p\u00f4vodne predikovala, \u017ee infl\u00e1cia mala v druhej polovici tohto roku spoma\u013eova\u0165.<\/p>\n\n\n\n

\u010cNB teraz predikuje, \u017ee infl\u00e1cia na jar \u010falej porastie a bude vysok\u00e1 cel\u00fd tento rok.<\/p>\n\n\n\n

Eur\u00f3pska centr\u00e1lna banka (ECB) toti\u017e kv\u00f4li zadl\u017een\u00fdm \u0161t\u00e1tom (Taliansko, Gr\u00e9cko) dr\u017e\u00ed \u00farokov\u00e9 sadzby nulov\u00e9, ale kv\u00f4li siln\u00fdm infla\u010dn\u00fdm tlakom bude musie\u0165 reagova\u0165 a je pravdepodobn\u00e9, \u017ee aj ECB bude sadzby zvy\u0161ova\u0165, ot\u00e1zka znie kedy.<\/p>\n\n\n\n

Rast \u00farokov\u00fdch sadzieb<\/p>\n\n\n\n

Zdroj: Shutterstock<\/p>\n\n\n\n

Ak\u00e9 bud\u00fa vplyvy vy\u0161\u0161\u00edch \u00farokov\u00fdch sadzieb?
Vy\u0161\u0161ie \u00farokov\u00e9 sadzby sa premietnu do zdra\u017eenia \u00faverov. Pre hypotek\u00e1rne \u00favery navy\u0161e od 1. apr\u00edla 2022 platia pr\u00edsnej\u0161ie pravidl\u00e1.<\/p>\n\n\n\n

Realitn\u00fd trh sa \u010falej ochlad\u00ed, ale v\u00fdstavbu tr\u00e1pi sk\u00f4r nedostupnos\u0165 a ceny radu vstupn\u00fdch materi\u00e1lov (oce\u013eu, hlin\u00edka a mnoh\u00fdch \u010fal\u0161\u00edch) a nedostatok pracovnej sily, napriek tomu v prv\u00fdch mesiacoch stavebn\u00fd priemysel r\u00e1stol.<\/p>\n\n\n\n

Sporiace \u00fa\u010dty tradi\u010dne premietnu rast \u00farokov\u00fdch sadzieb s oneskoren\u00edm, ale d\u00e1 sa o\u010dak\u00e1va\u0165, \u017ee \u00farokov\u00e1 sadzba na sporiacich \u00fa\u010dtoch bude \u0161plha\u0165 ku 4 %.<\/p>\n\n\n\n

Vysok\u00e1 miera infl\u00e1cie znehodnot\u00ed \u00faspory na tradi\u010dn\u00fdch sporiacich finan\u010dn\u00fdch n\u00e1strojoch (stavebn\u00e9 sporenie) aj peniaze v hotovosti a na be\u017en\u00fdch \u00fa\u010dtoch.<\/p>\n\n\n\n

Dlh \u0161t\u00e1tu a jeho in\u0161tit\u00faci\u00ed sa t\u00fdm predra\u017e\u00ed a \u0161t\u00e1t zaplat\u00ed na \u00farokoch o stovky mili\u00f3nov a\u017e mili\u00e1rd viac.<\/p>\n\n\n\n

Ako ekon\u00f3movia hodnotia rast \u00farokov\u00fdch sadzieb?
Ekon\u00f3movia vzh\u013eadom na vysok\u00fa infl\u00e1ciu i rozkol\u00edsanos\u0165 kurzu koruny tento krok centr\u00e1lnej banky naskrz o\u010dak\u00e1vali.<\/p>\n\n\n\n

\u201e\u010eal\u0161ie zv\u00fd\u0161enie \u00farokov\u00fdch sadzieb pova\u017eujem za trochu prehnan\u00e9, aj ke\u010f sa vzh\u013eadom na zvy\u0161uj\u00faci tempo rastu cien dalo o\u010dak\u00e1va\u0165. Vyu\u017eitie tohto nepriameho monet\u00e1rneho n\u00e1stroja zasahuje iba \u010das\u0165 infla\u010dn\u00fdch vplyvov. Vzh\u013eadom na to, \u017ee ve\u013ek\u00e1 \u010das\u0165 infla\u010dn\u00fdch tlakov je do tuzemskej ekonomiky importovan\u00e1 z glob\u00e1lnych trhov, mohlo by takto v\u00fdrazn\u00e9 zv\u00fd\u0161enie \u00farokov\u00fdch sadzieb v kr\u00e1tkom horizonte zapr\u00ed\u010dini\u0165 stagfl\u00e1ciu,\u201c komentuje Petr Kymli\u010dka, partner poradenskej skupiny Moore Czech Republic.<\/p>\n\n\n\n

\"\"
Businessman using tablet online banking, exchange currency and payment, Digital marketing, Finance and banking networking, Investment of growth on currency rate, Online shopping<\/figcaption><\/figure><\/div>\n\n\n\n

Kurz koruny sa op\u00e4\u0165 bl\u00ed\u017ei k hodnote 24 kor\u00fan za euro
Koruna v r\u00e1mci rozhodnutia mierne oslabila. Zrejme kv\u00f4li tomu, \u017ee trhy o\u010dak\u00e1vali v\u00e4\u010d\u0161\u00ed rast \u00farokov\u00fdch sadzieb.<\/p>\n\n\n\n

Av\u0161ak celkovo koruna v posledn\u00fdch d\u0148och posil\u0148uje, rovnako ako \u010fal\u0161ie stredoeur\u00f3pske meny a rusk\u00fd rube\u013e. Rast\u00faci trend v posil\u0148ovan\u00ed koruny m\u00f4\u017ee pokra\u010dova\u0165, a to aj kv\u00f4li zv\u00fd\u0161eniu \u00farokov\u00fdch sadzieb.<\/p>\n\n\n\n

Teraz sa kurz koruny pohybuje nad 24 K\u010d za euro, siln\u00e1 koruna zlacnie dovoz, naopak export\u00e9ri si nepolep\u0161ia.<\/p>\n\n\n\n

Rusk\u00fd rube\u013e rastie z toho d\u00f4vodu, \u017ee moskovsk\u00e1 burza aj obchodovanie s rublmi a cudz\u00edmi menami je silne regulovan\u00e9 rusk\u00fdm \u0161t\u00e1tom.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u010cesk\u00e1 n\u00e1rodn\u00e1 banka (\u010cNB) znovu zv\u00fd\u0161ila \u00farokov\u00e9 sadzby, preto\u017ee s\u00fa mimoriadne siln\u00e9 infla\u010dn\u00e9 tlaky, ako v dom\u00e1cej, tak zahrani\u010dnej ekonomike. Ako sa zv\u00fd\u0161ili \u00farokov\u00e9 sadzby? A ak\u00e9 to bude ma\u0165 vplyv na kurz koruny a infl\u00e1ciu? Porast\u00fa \u00farokov\u00e9 sadzby aj na\u010falej? \u010cesk\u00e1 n\u00e1rodn\u00e1 banka (\u010cNB) pokra\u010duje vo razantnom zvy\u0161ovan\u00ed \u00farokov\u00fdch sadzieb a \u0161tvrt\u00fdkr\u00e1t v rade […]<\/p>\n","protected":false},"author":2,"featured_media":568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-567","post","type-post","status-publish","format-standard","has-post-thumbnail","category-rady-a-navody"],"amp_enabled":false,"_links":{"self":[{"href":"https:\/\/vecernespravy.sk\/index.php?rest_route=\/wp\/v2\/posts\/567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vecernespravy.sk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vecernespravy.sk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vecernespravy.sk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/vecernespravy.sk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=567"}],"version-history":[{"count":0,"href":"https:\/\/vecernespravy.sk\/index.php?rest_route=\/wp\/v2\/posts\/567\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vecernespravy.sk\/index.php?rest_route=\/wp\/v2\/media\/568"}],"wp:attachment":[{"href":"https:\/\/vecernespravy.sk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vecernespravy.sk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vecernespravy.sk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}