natgillin/translations-raw huggingface dataset:
In order not to draw the wrong conclusions about the growth dynamics implied in the staff projections it is important to keep this distinction in mind .
Da ne bi sprejeli napačnih zaključkov glede dinamike rasti , ki je implicirana v tokratnih projekcijah , je pomembno , da upoštevamo to razlikovanje .
In the Governing Council 's view , the uncertainty surrounding this outlook for economic growth remains high , and downside risks prevail .
Po mnenju Sveta ECB je v teh obetih gospodarske rasti še vedno prisotna velika negotovost , tveganja pa so na strani upočasnjevanja gospodarske rasti .
In particular , risks continue to relate to the potential for the financial market turbulence to have a more negative impact on the real economy than anticipated .
Izhajajo predvsem iz možnosti , da bodo pretresi na finančnih trgih realno gospodarstvo prizadeli močneje , kot je bilo pričakovano doslej .
Moreover , downside risks stem from the dampening impact on consumption and investment of further unanticipated increases in energy and food prices .
Navzdol usmerjena tveganja izhajajo tudi iz zaviralnega učinka , ki bi ga na potrošnjo in investicije lahko imela dodatna nepričakovana povečanja cen energentov in hrane .
Risks also arise from concerns about the emergence of protectionist pressures and the possibility of disorderly developments owing to global imbalances .
Nadaljnja tveganja predstavljajo morebitni protekcionistični pritiski ter možnost neobvladljivih gibanj , ki bi jih lahko povzročila svetovna neravnovesja .
With regard to price developments , annual HICP inflation has remained above 3 % for the past seven months .
Na cenovnem področju je medletna inflacija po indeksu HICP zadnjih sedem mesecev ostala nad 3 %.
According to Eurostat 's flash estimate , it was 3.6% in May 2008 .
Po Eurostatovi prvi oceni je maja 2008 znašala 3,6% .
This confirms the more persistent current upward pressures on euro area inflation , resulting largely from sharp increases in energy and food prices at the global level in recent months .
To potrjuje , da na kratki rok v euroobmočju še vedno obstajajo močni pritiski na rast inflacije , ki izhajajo predvsem iz strme rasti cen energentov in hrane na svetovni ravni v zadnjih mesecih .
Looking ahead , on the basis of current futures prices for these commodities , the annual HICP inflation rate is likely to remain above 3 % for some time to come , before moderating only gradually in 2009 .
Glede prihodnjih gibanj je na podlagi sedanjih terminskih cen teh surovin mogoče pričakovati , da bo inflacija po HICP v prihodnjem obdobju verjetno še nekaj časa ostala nad 3 % in da se bo v letu 2009 le postopoma umirjala .
The euro area is therefore currently experiencing a protracted period of high annual rates of inflation , which is likely to be more persistent than previously anticipated .
Euroobmočje se torej nahaja v daljšem obdobju visokih medletnih stopenj inflacije , ki utegne trajati dlje , kot je bilo pričakovano doslej .
Consistent with this view , the Eurosystem staff projections foresee average annual HICP inflation at between 3.2% and 3.6% in 2008 and between 1.8% and 3.0% in 2009 .
Ta predvidevanja so v skladu z napovedmi strokovnjakov Eurosistema , ki ocenjujejo , da bo povprečna medletna inflacija po HICP v letu 2008 med 3,2% in 3,6% , v letu 2009 pa med 1,8% in 3,0% .
Compared with the March 2008 ECB staff projections , the ranges projected for inflation in 2008 and 2009 are markedly higher , reflecting mainly higher oil and food prices and increasingly inflationary pressures in the services sector .
V primerjavi z marčnimi projekcijami strokovnjakov ECB je predvideni razpon inflacije tako za leto 2008 kot tudi za leto 2009 bistveno višji in odraža predvsem višje cene nafte in hrane ter vse močnejše inflacijske pritiske v storitvenih dejavnostih .
In this context , it is important to recall the conditional nature of the Eurosystem staff projections .
Pri tem je pomembno upoštevati pogojno naravo projekcij strokovnjakov Eurosistema .
They are based on a number of assumptions which are of a purely technical nature and unrelated to policy intentions .
Projekcije namreč temeljijo na vrsti predpostavk , ki so povsem tehnične narave in niso povezane z namerami politike .
In particular , the technical assumptions for short-term interest rates are taken from market expectations as at mid-May .
Med njimi je najpomembnejša tehnična predpostavka o kratkoročnih obrestnih merah , ki je vzeta iz tržnih pričakovanj ob koncu maja .
Moreover , it should be noted that the projections are based on the assumption that the recent dynamism in oil and non-oil commodity prices will diminish over the projection horizon , in line with futures prices .
Nadalje projekcije temeljijo tudi na predpostavki , da se bo nedavna hitra rast cen nafte in drugih surovin v obdobju projekcij umirila , kot kažejo cene terminskih pogodb .
A further crucial assumption is that there will be no broad-based second-round effects on wages .
Zadnja ključna predpostavka je , da ne bo prišlo do obsežnih sekundarnih učinkov na plače .
In the Governing Council 's view , at the policy-relevant medium-term horizon risks to the outlook for prices remain clearly on the upside and have increased further .
Po mnenju Sveta ECB so v srednjeročnem obdobju , ki je pomembno za oblikovanje politike , tveganja za prihodnja cenovna gibanja očitno usmerjena navzgor in so se še dodatno okrepila .
These risks include notably the possibility of further increases in energy and food prices , as well as of increases in administered prices and indirect taxes beyond those foreseen thus far .
Obsegajo predvsem možnost nadaljnje rasti cen energentov in hrane ter doslej nepričakovana zvišanja nadzorovanih cen in posrednih davkov .
It is also a strong concern that price and wage-setting behaviour could add to inflationary pressures .
Obstaja tudi velika zaskrbljenost , da bi oblikovanje cen in plač lahko dodatno spodbudilo inflacijske pritiske .
The pricing power of firms , particularly in market segments with low competition , such as parts of the services sector , may prove stronger than currently expected .
Lahko se tudi izkaže , da je moč podjetij pri oblikovanju cen , zlasti v tržnih segmentih z manjšo konkurenco , na primer v nekaterih storitvenih dejavnostih , večja , kot je bilo pričakovano doslej .
Moreover , higher than expected wage growth may emerge , taking into account high capacity utilisation , tight labour market conditions and the risk of second-round effects .
Poleg tega je glede na visoko izkoriščenost zmogljivosti , zaostrene pogoje na trgu dela in tveganje sekundarnih učinkov mogoče , da bodo plače naraščale hitreje , kot je pričakovano .
The Governing Council is monitoring wage negotiations and price-setting behaviour in the euro area with particular attention .
Svet ECB pogajanja o plačah in oblikovanje cen v euroobmočju spremlja s posebno pozornostjo .
Against this background , it is imperative to secure that medium to longer-term inflation expectations remain firmly anchored in line with price stability .
Glede na vse te dejavnike je nujno , da srednjeročna in dolgoročnejša inflacijska pričakovanja ostanejo trdno zasidrana na ravni , ki je skladna s stabilnostjo cen .
All parties concerned , in both the private and the public sector , must meet their responsibilities .
Vsi sodelujoči tako v javnem kot v zasebnem sektorju morajo izpolniti svoje obveznosti .
Wage-setting needs to take into account productivity developments , the still high level of unemployment in many economies , and price competitiveness positions .
Pri oblikovanju plač je treba upoštevati obstoječo rast produktivnosti , še vedno visoko stopnjo brezposelnosti v številnih gospodarstvih ter raven cenovne konkurenčnosti .
Moderate labour cost increases are particularly necessary in countries which have lost price competitiveness in recent years .
Zmerna rast stroškov dela je še posebej pomembna v tistih državah , ki so v zadnjih letih postale cenovno manj konkurenčne .
Broadly based second-round effects stemming from the impact of higher energy and food prices on price and wage-setting behaviour must be avoided .
Preprečiti je treba obsežne sekundarne učinke , ki jih v oblikovanju cen in plač povzročajo višje cene energentov in hrane .
In this context , the Governing Council is concerned about the existence of schemes in which nominal wages are indexed to consumer prices .
Ob tem so za Svet ECB zaskrbljujoči predvsem sistemi plač , v katerih so nominalne plače indeksirane na cene življenjskih potrebščin .
Such schemes involve the risk of upward shocks in inflation leading to a wage-price spiral , which would be detrimental to employment and competitiveness in the countries concerned .
Takšni sistemi predstavljajo tveganje , da navzgor usmerjeni inflacijski šoki sprožijo plačno-cenovno spiralo , ki bi bila škodljiva za zaposlenost in konkurenčnost prizadetih držav .
The Governing Council therefore calls for such schemes to be avoided .
Svet ECB zato poziva k izogibanju takšnim sistemom .
The monetary analysis confirms the prevailing upside risks to price stability at medium to longer-term horizons . Annual M3 growth remained very vigorous in April , supported by the continued strong growth of MFI loans to the private sector .
Denarna analiza potrjuje , da srednjeročno in dolgoročneje prevladujejo navzgor usmerjena tveganja za stabilnost cen . Medletna rast agregata M3 je ob podpori nadaljnje hitre rasti posojil MFI zasebnemu sektorju aprila ostala zelo živahna .
While the impact of the flat yield curve and other temporary factors suggest that annual M3 growth continues to overstate the underlying pace of monetary expansion , nonetheless , even after taking such effects into account , a broad-based assessment of the latest data confirms that the underlying rate of money and credit growth remains strong .
Medtem ko je iz položne krivulje donosnosti in drugih začasnih dejavnikov mogoče sklepati , da medletna rast agregata M3 še naprej prehiteva osnovno stopnjo denarne ekspanzije , pa celo ob upoštevanju teh dejavnikov široko zasnovana ocena najnovejših podatkov potrjuje , da osnovna stopnja rasti denarja in kreditov ostaja visoka .
Annual M1 growth has continued to moderate in recent months , reflecting higher short-term interest rates which have encouraged further shifts from overnight into time deposits .
Medletna rast agregata M1 se je v zadnjih mesecih še naprej umirjala , kar odraža višje kratkoročne obrestne mere , ki so spodbudile nove premike iz depozitov čez noč v vezane vloge .
The moderation in the growth of household borrowing also reflects the dampening impact of higher short-term interest rates , as well as cooling housing markets in several parts of the euro area .
Zaradi višjih kratkoročnih obrestnih mer ter ohlajanja stanovanjskega trga v več predelih euroobmočja se upočasnjuje tudi rast zadolževanja gospodinjstev .
However , the growth of loans to non-financial corporations has remained very robust .
Nasprotno pa je rast posojil nefinančnim družbam ostala zelo močna .
While some moderation can be expected in the future in the light of tightening financing conditions and slower economic growth , bank borrowing by euro area non-financial corporations grew at an annual rate of 14.9% in April 2008 , and the flow of loans in recent months has been strong .
Čeprav je zaradi zaostrovanja pogojev financiranja in počasnejše gospodarske rasti mogoče pričakovati , da se bo posojilna rast nekoliko upočasnila , je zadolževanje nefinančnih družb pri bankah aprila 2008 vseeno raslo po medletni stopnji 14,9% , tok posojil v zadnjih mesecih pa je močan .
The monetary analysis has supported the necessary medium-term orientation of monetary policy in the face of the ongoing financial turmoil .
Denarna analiza je dodatno podprla obstoječo srednjeročno usmerjenost denarne politike , ki je glede na sedanje finančne pretrese nujna .
From this perspective , the monetary analysis points to upside risks to price stability at longer horizons .
S tega vidika denarna analiza kaže , da na daljši rok prevladujejo tveganja navzgor usmerjenih pritiskov na stabilnost cen .
Moreover , a thorough assessment of the monetary counterparts suggests that , as yet , the availability of bank credit to households and non-financial corporations has not been significantly affected by the turmoil .
Poleg tega temeljita ocena denarnih protipostavk kaže , da pretresi doslej niso bistveno prizadeli ponudbe bančnih posojil gospodinjstvom in nefinančnim družbam .
To sum up , a cross-check of the outcome of the economic analysis with that of the monetary analysis clearly confirms the assessment that upside risks to price stability prevail over the medium term , in a context of very vigorous money and credit growth and the absence of significant constraints on bank loan supply up to now .
Če povzamemo , navzkrižna primerjava rezultatov ekonomske in denarne analize nedvomno potrjuje oceno , da v srednjeročnem obdobju prevladujejo navzgor usmerjena tveganja za stabilnost cen , saj je rast denarja in kreditov zelo živahna , ponudba bančnih posojil pa zaenkrat ni izraziteje ovirana .
In fact , the Governing Council noted that risks to price stability over the medium term have increased further .
Svet je tako poudaril , da so se tveganja za cenovno stabilnost v srednjeročnem obdobju še povečala .
The economic fundamentals of the euro area are sound , and incoming macroeconomic data continue to point to moderate but ongoing real GDP growth .
Gospodarski temelji euroobmočja so trdni in zadnji makroekonomski podatki še naprej kažejo , da se sicer zmerna rast realnega BDP nadaljuje .
Against this background , the Governing Council is monitoring very closely all developments . It is in a state of heightened alertness .
Zaradi vseh teh dejavnikov Svet ECB zelo natančno spremlja vsa dogajanja in je v stanju povečane pripravljenosti .
By acting in a firm and timely manner , it will prevent second-round effects and ensure that risks to price stability over the medium term do not materialise .
Z odločnim in pravočasnim ukrepanjem bo preprečil sekundarne učinke in zagotovil , da se tveganja za stabilnost cen v srednjeročnem obdobju ne uresničijo .
Securing a firm anchoring of medium and long-term inflation expectations in line with price stability is of the essence .
Trdno zasidranje srednjeročnih in dolgoročnih inflacijskih pričakovanja na ravni , ki je skladna s cenovno stabilnostjo , je ključnega pomena .
Regarding fiscal policy , the Governing Council welcomes the spring 2008 orientations for euro area fiscal policies agreed by the Eurogroup ministers on 13 May 2008 .
Na javnofinančnem področju Svet ECB pozdravlja letošnjo pomlad sprejete usmeritve za javnofinančno politiko euroobmočja , ki so jih ministri Euroskupine uskladili 13 . maja 2008 .
Many euro area governments still need to implement much more ambitious policies to ensure that their country-specific medium-term budgetary objectives are attained by 2010 at the latest , as agreed in Berlin in April 2007 .
Vlade številnih držav euroobmočja še vedno niso izvedle smelejših političnih ukrepov , ki so potrebni , da bi te države najkasneje do leta 2010 dosegle nacionalne srednjeročne proračunske cilje , ki so bili sprejeti aprila 2007 v Berlinu .
Achieving and maintaining sound structural fiscal positions is imperative to create scope for the free working of automatic stabilisers in all euro area countries and will help to prepare for the budgetary costs of population ageing .
Vzpostavitev in vzdrževanje zdravega strukturnega javnofinančnega stanja je nujno za oblikovanje prostora , ki je potreben za prosto delovanje samodejnih stabilizatorjev v vseh državah euroobmočja , in bo tem državam hkrati pomagalo , da se pripravijo na proračunske stroške , ki bodo nastali zaradi staranja prebivalstva .
The steady pursuit of prudent and efficient fiscal policies would also help to limit current inflationary pressures and would increase potential growth and employment .
Z doslednim izvajanjem preudarne in učinkovite javnofinančne politike bodo vlade zamejile tudi sedanje inflacijske pritiske ter okrepile potencialno rast in zaposlenost .
As regards structural reforms , the Governing Council reiterates its full support for all efforts to enhance competition , increase productivity and foster market flexibility .
V zvezi s strukturnimi reformami Svet ECB ponovno izraža svojo podporo vsem prizadevanjem za krepitev konkurence , povečevanje produktivnosti in večjo prilagodljivost trgov .
Against the background of a marked increase in international food commodity prices , removing impediments to competition at the various stages of the food supply chain in the retail and distribution sectors would benefit European consumers through lower prices .
Glede na izrazito povečanje cen prehrambenih surovin na svetovnih trgih bi bila odprava ovir na različnih stopnjah ponudbene verige prehrambenih izdelkov v maloprodajnem in distribucijskem sektorju za evropske potrošnike koristna , saj bi prispevala k nižjim cenam .
The ongoing « health check » of the EU common agricultural policy is welcomed , as are the efforts to limit upward pressure on agricultural prices through biofuels policies .
Sedanji pregled skupne kmetijske politike EU je dobrodošel , prav tako pa tudi prizadevanja za omejitev pritiskov na rast cen kmetijskih izdelkov v okviru politike biogoriv .
A successful conclusion of the Doha round of world trade negotiations should also help to improve the functioning of global trade in general and of agricultural markets in Europe and worldwide in particular .
Uspešen zaključek kroga svetovnih trgovinskih pogajanj , ki se je začel v Dohi , bo predvidoma prispeval k boljšemu delovanju svetovne trgovinske menjave nasploh in zlasti kmetijskih trgov v Evropi in po vsem svetu .
Tax policies are not an appropriate means to counter commodity price increases , be it oil or non-oil commodities , as this would send wrong signals to producers and consumers alike and would distort markets .
Davčne politike niso primerno sredstvo za boj proti naraščanju cen surovin , bodisi nafte ali drugih surovin , saj bi tako proizvajalcem kot potrošnikom poslale napačen signal in povzročile izkrivljanje trga .
Aug - 2015 Mon
Naslednji mesec Avg - 2015
Navigation Path : Home &gt; Press &gt; Press releases &gt; By date &gt; 2004 &gt; 2 December 2004
Navigation Path : Home &gt; Press &gt; Press releases &gt; By date &gt; 2004 &gt; 2 . december 2004
2 December 2004 - Monetary policy decisions
2 . december 2004 - Sklepi o denarni politiki
At today 's meeting the Governing Council of the ECB decided that the minimum bid rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 2.00% , 3.00% and 1.00% respectively .
Svet ECB je na današnjem sestanku sklenil , da minimalno izklicno obrestno mero za glavne posle refinanciranja in obrestni meri za odprto ponudbo mejnega posojanja ter odprto ponudbo mejnega deponiranja likvidnosti čez noč ohrani nespremenjene na ravni 2,00% , 3,00% in 1,00% .
http://www.ecb.europa.eu/press/pr/date/2004/html/pr041202.en.html
http://www.ecb.europa.eu/press/pr/date/2004/html/pr041202.sl.html
Navigation Path : Home &gt; The European Central Bank &gt; Organisation &gt; Organisation chart of the ECB &gt; Business areas &gt; Legal Services ( Directorate General )
Navigation Path : Home &gt; The European Central Bank &gt; Organizacija &gt; Organigram ECB &gt; Poslovna področja &gt; Pravna služba ( generalni direktorat )
Legal Advice ( includes the data protection function ) Business areas
Pravno svetovanje ( vključuje naloge varstva podatkov )
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; ECB institutional provisions &gt; External relations
Navigation Path : Home &gt; The European Central Bank &gt; Pravni okvir &gt; Institucionalne določbe ECB &gt; Zunanji odnosi
Headquarters Agreement between the Government of the Federal Republic of Germany and the ECB concerning the seat of the ECB
V tem oddelku ni dokumentov :
Aug - 2003 Mon
Naslednji mesec Avg - 2003
DECISION OF THE EUROPEAN CENTRAL BANK of 19 August 2010 on non-compliance with statistical reporting requirements ( ECB / 2010/10 ) ( 2010/469 / EU ) THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK , HAS ADOPTED THIS DECISION :
SKLEP EVROPSKE CENTRALNE BANKE z dne 19 . avgusta 2010 o neizpolnjevanju zahtev za statistično poročanje ( ECB / 2010/10 ) ( 2010/469 / EU ) SVET EVROPSKE CENTRALNE BANKE JE -- SPREJEL NASLEDNJI SKLEP :
Having regard to the Statute of the European System of Central Banks and of the European Central Bank , and in particular Articles 5.1 and 34.1 thereof , Having regard to Council Regulation ( EC ) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank ( 1 ) , and in particular Article 7 thereof , Having regard to Council Regulation ( EC ) No 2532/98 of 23 November 1998 concerning the powers of the European Central Bank to impose sanctions ( 2 ) , and in particular Article 6 ( 2 ) thereof , Having regard to Regulation ( EC ) No 2157/1999 of the European Central Bank of 23 September 1999 on the powers of the European Central Bank to impose sanctions ( ECB / 1999/4 ) ( 3 ) , Whereas : ( 1 )
ob upoštevanju Statuta Evropskega sistema centralnih bank in Evropske centralne banke ter zlasti členov 5.1 in 34.1 Statuta , V tem sklepu : ob upoštevanju Uredbe Sveta ( ES ) št . 2533/98 z dne 23 .
Article 1 Definitions For the purposes of this Decision : 1 .
novembra 1998 o zbiranju statističnih informacij s strani Evropske centralne banke ( 1 ) in zlasti njenega člena 7 , Člen 1 Opredelitev pojmov
« reporting agent » has the same meaning as in Article 1 of Regulation ( EC ) No 2533/98 ;
„poročevalska enota » pomeni enako kakor v členu 1 Uredbe ( ES ) št . 2533/98 ;
« monetary financial institution » ( MFI ) has the same meaning as in Article 1 of Regulation ( EC ) No 25/2009 ( ECB / 2008/32 ) ;
„denarna finančna institucija » ( MFI ) pomeni enako kakor v členu 1 Uredbe ( ES ) št . 25/2009 ( ECB / 2008/32 ) ;
« infringement » and « sanction » have the same meaning as in Article 1 of Regulation ( EC ) No 2532/98 ;
„kršitev » in „sankcija » pomenita enako kakor v členu 1 Uredbe ( ES ) št . 2532/98 ;
« serious misconduct » includes any of the following infringements of reporting requirements by reporting agents : ( a ) systematic reporting of incorrect data ;
„hujša kršitev » pomeni katero koli od naslednjih kršitev zahtev za poročanje , ki jih storijo poročevalske enote : ( a ) sistematično poročanje nepravilnih podatkov ;
( b ) systematic failure to comply with the minimum standards for revisions ;
( b ) sistematično neizpolnjevanje minimalnih standardov za popravke ;
( c ) intentional incorrect , delayed or incomplete reporting ;
( c ) namerno nepravilno , prepozno ali nepopolno poročanje ;
( d ) insufficient degree of diligence or cooperation with the relevant NCB or the ECB ;
( d ) nezadostna stopnja skrbnosti ali sodelovanja z ustrezno NCB ali ECB ;
« competent national central bank » ( competent NCB ) means the NCB of the Member State in whose jurisdiction the infringement occurred ;
„pristojna nacionalna centralna banka » ( pristojna NCB ) pomeni NCB države članice , v jurisdikciji katere je prišlo do kršitve ;
« NCB deadline » means the date set by each NCB for receiving data from the reporting agents .
„rok NCB » pomeni rok , ki ga določi posamezna NCB za prejem podatkov od poročevalskih enot .
The ECB and the NCBs shall monitor the compliance of reporting agents with the minimum standards required to meet their reporting obligations , as set out in Annex IV to Regulation ( EC ) No 25/2009 ( ECB / 2008/32 ) and Annex III to Regulation ( EC ) No 63/2002 ( ECB / 2001/18 ) .
ECB in NCB spremljajo , ali poročevalske enote izpolnju ­ jejo zahtevane minimalne standarde za izpolnjevanje obveznosti poročanja , kakor so določeni v Prilogi IV k Uredbi ( ES ) št . 25/2009 ( ECB / 2008/32 ) in Prilogi III k Uredbi ( ES ) št .