{"id":295800,"date":"2022-10-27T13:58:19","date_gmt":"2022-10-27T11:58:19","guid":{"rendered":"https:\/\/zjarr.tv\/?p=295800"},"modified":"2022-10-27T13:58:19","modified_gmt":"2022-10-27T11:58:19","slug":"sejko-kura-e-hidhur-e-rritjes-se-interesave-nuk-do-ta-demtoje-ekonomine","status":"publish","type":"post","link":"https:\/\/zjarr.tv\/en\/sejko-kura-e-hidhur-e-rritjes-se-interesave-nuk-do-ta-demtoje-ekonomine\/","title":{"rendered":"Sejko: \u201cKura e hidhur\u201d e rritjes s\u00eb interesave nuk do ta d\u00ebmtoj\u00eb ekonomin\u00eb"},"content":{"rendered":"<p><strong><span data-preserver-spaces=\"true\">Banka e Shqip\u00ebris\u00eb, n\u00eb bashk\u00ebpunim me Shkoll\u00ebn Ekonomike dhe t\u00eb Shkencave Politike t\u00eb Londr\u00ebs zhvilloi sot konferenc\u00ebn vjetore me tem\u00eb \u201cRikthimi i inflacionit: Si mund ta p\u00ebrballojm\u00eb n\u00eb kushtet e pasigurive t\u00eb shtuara?\u201d.<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">N\u00eb fjal\u00ebn e tij, Guvernatori i Bank\u00ebs s\u00eb Shqip\u00ebris\u00eb, Gent Sejko, u ndal gjer\u00ebsisht n\u00eb argumentimin e vendimmarrjeve t\u00eb k\u00ebtij viti n\u00eb drejtim t\u00eb nj\u00eb normalizimi t\u00eb shpejt\u00eb t\u00eb politik\u00ebs monetare, duke rritur normat e interesit. Sipas tij, presionet inflacioniste n\u00eb vend paraqiten t\u00eb forta dhe t\u00eb q\u00ebndrueshme.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cNdon\u00ebse k\u00ebto presione burojn\u00eb \u2013 n\u00eb mas\u00ebn m\u00eb t\u00eb madhe \u2013 nga goditje t\u00eb huaja t\u00eb ofert\u00ebs, ato kan\u00eb filluar t\u00eb transmetohen tashm\u00eb n\u00eb struktur\u00ebn e kostove t\u00eb ekonomis\u00eb shqiptare dhe n\u00eb pritjet p\u00ebr inflacion t\u00eb agjent\u00ebve ekonomik\u00eb. Ky konstatim \u00ebsht\u00eb n\u00eb sinkron t\u00eb plot\u00eb me evoluimin e mendimit t\u00eb thuajse gjith\u00eb bankave qendrore dhe mbart konsensusin e analist\u00ebve ekonomik\u00eb.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Q\u00ebndrueshm\u00ebria e presioneve inflacioniste \u00ebsht\u00eb nxitur nga koh\u00ebzgjatja dhe intensiteti i goditjes s\u00eb ofert\u00ebs s\u00eb huaj, nga k\u00ebrkesa relativisht e q\u00ebndrueshme p\u00ebr mallra e sh\u00ebrbime n\u00eb vend, por edhe nga reduktimi i kapaciteteve t\u00eb pashfryt\u00ebzuara n\u00eb tregun e pun\u00ebs dhe t\u00eb kapitalit.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Kjo e fundit \u00ebsht\u00eb shoq\u00ebruar me rritje t\u00eb shpejt\u00eb t\u00eb pun\u00ebsimit dhe t\u00eb pagave n\u00eb ekonomin\u00eb shqiptare, duke leht\u00ebsuar transmetimin e goditjeve t\u00eb m\u00ebtejshme t\u00eb ofert\u00ebs,\u201d tha Sejko.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Sipas tij, ekonomia shqiptare rrezikon t\u00eb p\u00ebrjetoj\u00eb nj\u00eb periudh\u00eb t\u00eb gjat\u00eb me inflacion t\u00eb lart\u00eb, n\u00eb munges\u00eb t\u00eb reagimit t\u00eb politik\u00ebs monetare.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Ai shtoi se inflacioni i lart\u00eb dhe i q\u00ebndruesh\u00ebm sjell pasoja negative p\u00ebr zhvillimin ekonomik e social, pasoja t\u00eb cilat tentojn\u00eb t\u00eb jen\u00eb m\u00eb t\u00eb m\u00ebdha p\u00ebr vendet n\u00eb zhvillim si Shqip\u00ebria.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cN\u00eb k\u00ebndv\u00ebshtrimin ekonomik, teoria dhe praktika bot\u00ebrore d\u00ebshmojn\u00eb se inflacioni i lart\u00eb redukton nivelin dhe rrit luhatjet e rritjes ekonomike n\u00eb afatin e gjat\u00eb. Efekti negativ i inflacionit buron nga rritja e pasiguris\u00eb dhe shp\u00ebrndarja joeficiente e burimeve financiare dhe njer\u00ebzore n\u00eb ekonomi, si pasoj\u00eb e reduktimit t\u00eb aft\u00ebsis\u00eb sinjalizuese t\u00eb \u00e7mimeve t\u00eb tregut.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">K\u00ebto pasoja p\u00ebrforcohen m\u00eb tej nga rritja e v\u00ebmendjes s\u00eb bizneseve dhe familjeve ndaj mbrojtjes financiare, n\u00eb kurriz t\u00eb investimeve afatgjata n\u00eb aktive fizike, si dhe nga rritja e kostove reale t\u00eb financimit, n\u00eb pasqyrim t\u00eb reduktimit t\u00eb kursimeve financiare.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">N\u00eb k\u00ebndv\u00ebshtrimin social, teoria dhe praktika bot\u00ebrore d\u00ebshmojn\u00eb se inflacioni i lart\u00eb rrit pabarazin\u00eb sociale, duke prekur m\u00eb shum\u00eb shtresat me t\u00eb ardhura t\u00eb pakta, si dhe mund t\u00eb d\u00ebmtoj\u00eb konsensusin politik dhe vet\u00eb institucionet demokratike t\u00eb nj\u00eb shteti.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">N\u00eb kontekstin e vendeve n\u00eb zhvillim, inflacioni i lart\u00eb ka nj\u00eb ndikim shtes\u00eb negativ n\u00eb stabilitetin financiar, duke d\u00ebmtuar besimin e publikut n\u00eb monedh\u00ebn komb\u00ebtare dhe duke goditur, potencialisht, edhe besimin e tij n\u00eb institucionet financiare,\u201d tha ai.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Sipas Sejkos, q\u00ebndrueshm\u00ebria e presioneve inflacioniste dhe d\u00ebmet afatgjata t\u00eb inflacionit ofrojn\u00eb, n\u00eb vetvete, premisa t\u00eb mjaftueshme p\u00ebr nj\u00eb reagim t\u00eb politik\u00ebs monetare. Megjithat\u00eb, ai shtoi se vendimmarrja e bank\u00ebs s\u00eb Shqip\u00ebris\u00eb n\u00eb k\u00ebt\u00eb drejtim \u00ebsht\u00eb motivuar edhe nga nj\u00eb konsiderat\u00eb e tret\u00eb.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cNormalizimi i q\u00ebndrimit t\u00eb politik\u00ebs monetare nuk do t\u00eb shoq\u00ebrohet me pasoja t\u00eb panevojshme negative p\u00ebr ekonomin\u00eb shqiptare dhe stabilitetin e saj monetar e financiar. Projeksionet tona sugjerojn\u00eb se ekonomia shqiptare do t\u00eb vijoj\u00eb t\u00eb rritet n\u00eb afatin e mes\u00ebm dhe t\u00eb gjat\u00eb.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Po ashtu, rezultatet e simulimeve tona sugjerojn\u00eb se sistemi bankar ka nj\u00eb shkall\u00eb t\u00eb k\u00ebnaqshme rezistence, edhe ndaj goditjeve relativisht ekstreme ekonomike dhe financiare. N\u00eb m\u00ebnyr\u00eb metaforike, ne hyjm\u00eb n\u00eb k\u00ebt\u00eb betej\u00eb t\u00eb bindur se kura jon\u00eb do t\u00eb sh\u00ebroj\u00eb s\u00ebmundjen, por \u2013 sado e hidhur dhe e pak\u00ebndshme \u2013 nuk do t\u00eb d\u00ebmtoj\u00eb pacientin.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Kjo bindje bazohet n\u00eb analiza t\u00eb plota, t\u00eb vazhdueshme dhe t\u00eb kujdesshme, konkluzionet kryesore t\u00eb t\u00eb cilave po i radhis n\u00eb vijim,\u201d tha Sejko.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Sipas tij, ekonomia shqiptare vjen n\u00eb k\u00ebt\u00eb p\u00ebrballje me nj\u00eb inerci pozitive zhvillimi dhe burimet e rritjes shfaqen t\u00eb gjera, t\u00eb bazuara si n\u00eb k\u00ebrkes\u00ebn e brendshme dhe n\u00eb at\u00eb t\u00eb jashtme. Bilancet financiare t\u00eb bizneseve dhe familjeve jan\u00eb relativisht t\u00eb sh\u00ebndetshme, nd\u00ebrsa tregu i pun\u00ebs mbetet dinamik, i karakterizuar nga rritje e q\u00ebndrueshme e pun\u00ebsimit dhe pagave.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">N\u00eb k\u00ebt\u00eb kontekst, ndon\u00ebse ngadal\u00ebsimi i ritmit n\u00eb t\u00eb ardhmen e af\u00ebrt \u00ebsht\u00eb di\u00e7ka normale, rritja ekonomike pritet t\u00eb mbetet n\u00eb territor pozitiv, nd\u00ebrsa recesioni shfaqet si rrezik material vet\u00ebm n\u00eb skenar\u00eb ekstrem\u00eb t\u00eb zhvillimeve n\u00eb ambientin e huaj.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cN\u00eb ndryshim nga eksperiencat e m\u00ebparshme t\u00eb p\u00ebrballjes me goditje, stabiliteti financiar i vendit paraqitet i konsoliduar. Tregjet financiare jan\u00eb relativisht t\u00eb qeta, pavar\u00ebsisht luhatjeve t\u00eb moderuara n\u00eb segmente t\u00eb caktuara t\u00eb tij. Sektori bankar \u00ebsht\u00eb likuid, i mir\u00ebkapitalizuar dhe fitimprur\u00ebs. Borxhi publik mbetet n\u00ebn kontroll dhe hapat konkrete t\u00eb qeveris\u00eb p\u00ebr konsolidim fiskal ofrojn\u00eb nj\u00eb mb\u00ebshtetje m\u00eb shum\u00eb p\u00ebr q\u00ebndrueshm\u00ebrin\u00eb e tij.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Gjej me vend t\u00eb theksoj se q\u00ebndrimi i politik\u00ebs son\u00eb monetare do t\u00eb vijoj\u00eb t\u00eb mbetet stimulues, gjat\u00eb gjith\u00eb procesit t\u00eb normalizimit.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Ky normalizim n\u00ebnkupton nj\u00eb reduktim t\u00eb intensitetit t\u00eb stimulit monetar, por jo ndryshim t\u00eb natyr\u00ebs stimuluese t\u00eb k\u00ebsaj politike. N\u00eb fakt, skenari yn\u00eb baz\u00eb nuk parashikon (ende) adoptimin e nj\u00eb q\u00ebndrimi shtr\u00ebngues t\u00eb politik\u00ebs monetare, por rishikimi i q\u00ebndrimit t\u00eb politik\u00ebs monetare synon t\u00eb ofroj\u00eb nj\u00eb balanc\u00eb m\u00eb t\u00eb mir\u00eb t\u00eb rreziqeve n\u00eb ekonomi,\u201d tha Guvernatori.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">MONITOR<\/span><\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Banka e Shqip\u00ebris\u00eb, n\u00eb bashk\u00ebpunim me Shkoll\u00ebn Ekonomike dhe t\u00eb Shkencave Politike t\u00eb Londr\u00ebs zhvilloi sot konferenc\u00ebn vjetore me tem\u00eb \u201cRikthimi i inflacionit: Si mund ta p\u00ebrballojm\u00eb n\u00eb kushtet e pasigurive t\u00eb shtuara?\u201d. N\u00eb fjal\u00ebn e tij, Guvernatori i Bank\u00ebs s\u00eb Shqip\u00ebris\u00eb, Gent Sejko, u ndal gjer\u00ebsisht n\u00eb argumentimin e vendimmarrjeve t\u00eb k\u00ebtij viti n\u00eb [&hellip;]<\/p>\n","protected":false},"author":2020,"featured_media":295801,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241,231],"tags":[],"class_list":{"0":"post-295800","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aktualitet","8":"category-lajme"},"_links":{"self":[{"href":"https:\/\/zjarr.tv\/en\/wp-json\/wp\/v2\/posts\/295800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zjarr.tv\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zjarr.tv\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zjarr.tv\/en\/wp-json\/wp\/v2\/users\/2020"}],"replies":[{"embeddable":true,"href":"https:\/\/zjarr.tv\/en\/wp-json\/wp\/v2\/comments?post=295800"}],"version-history":[{"count":0,"href":"https:\/\/zjarr.tv\/en\/wp-json\/wp\/v2\/posts\/295800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zjarr.tv\/en\/wp-json\/wp\/v2\/media\/295801"}],"wp:attachment":[{"href":"https:\/\/zjarr.tv\/en\/wp-json\/wp\/v2\/media?parent=295800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zjarr.tv\/en\/wp-json\/wp\/v2\/categories?post=295800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zjarr.tv\/en\/wp-json\/wp\/v2\/tags?post=295800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}