natgillin/translations-raw huggingface dataset:
In addition, the NCBs are largely responsible for collecting national statistical data and for issuing and handling euro banknotes in the irrespective countries. The NCBs also perform functions outside the scope of the Statute, unless the Governing Council deems them to be incompatible with the objectives and tasks of the Eurosystem.
Nacionalne centralne banke so tudi v veliki meri odgovorne za zbiranje nacionalnih statističnih podatkov ter za izdajanje eurobankovcev in ravnanje z njimi v svoji državi, opravljajo pa tudi funkcije, ki niso določene v Statutu, vendar le, če Svet ECB meni, da so združljive s cilji in nalogami Eurosistema.
Under national laws, the NCBs can be assigned other functions that are not related to monetary policy functions: some NCBs are involved in banking supervision and/or act as the government’s principal banker.
V nacionalni zakonodaji je lahko določeno, da NCB opravlja tudi druge funkcije, ki niso povezane z denarno politiko. Nekatere nacionalne centralne banke tako sodelujejo pri bančnem nadzoru in/ali imajo vlogo glavnega državnega bankirja.
DECISION-MAKING BODIES OF THE ECB
ORGANI ODLOČANJA ECB
The Governing Council of the ECB comprises the members of the
Svet ECB sestavljajo člani Izvršilnega odbora ECB in guvernerji nacionalnih
Governing Council meets every second Thursday
Statut ESCB določa, da se mora Svet ECB sestati vsaj desetkrat na leto.
Executive Board of the ECB and the governors of the NCBs of the euro area countries.
Datume zasedanj določi Svet na predlog Izvršilnega odbora.
The Statute of the ESCB states that the Governing Council of the ECB must meet at least ten times a year.The dates of its meetings are decided by the Governing Council itself on the basis of a proposal from the Executive Board.
Zasedanja lahko potekajo tudi v obliki telekonference, razen če temu nasprotujejo najmanj trije guvernerji. Svet ECB se sedaj sestaja dvakrat mesečno, običajno vsak prvi in tretji četrtek v mesecu.
Unless at least three governors object, meetings may also be held by see Glossary
O zadevah, povezanih z denarno politiko, navadno razpravlja le na prvi seji v mesecu.
teleconference.The Governing Council currently meets twice a month, usually on the first and third Thursday of each month. Monetary policy issues are normally discussed at the first meeting of the month only.
Čeprav imajo pravico do glasovanja le člani Sveta ECB, se lahko zasedanj udeležita tudi predsednik Sveta EU in član Evropske komisije.
The President of the EU Council and a member of the European Commission may attend the meetings, although only the members of the Governing Council have the right to vote.
Vsak član Sveta ECB ima en glas, Svet pa razen v primeru finančnih zadev ECB odloča z navadno večino.
In the event of a tie, the President has the casting vote.As regards financial matters – for example, the subscription to the ECB’s capital, the transfer of foreign exchange reserves, or the distribution of monetary income – the votes are weighted according to the NCBs’ shares in the subscribed capital of the ECB.
Pri odločanju o finančnih zadevah, kot so npr. vpis kapitala ECB, prenos deviznih rezerv ali razporeditev denarnih prihodkov, so glasovi tehtani v skladu z deleži nacionalnih centralnih bank v vpisanem kapitalu ECB.
TheTreaty on European Union and the Statute of the ESCB and the ECB empower the Governing Council to take the most strategically significant decisions for the Eurosystem.
Svet ECB je v skladu s Pogodbo o Evropski uniji ter Statutom ESCB in ECB pooblaščen, da sprejme odločitve, ki so za Eurosistem strateško najbolj pomembne.
The main responsibilities of the Governing Council are:
Glavne pristojnosti Sveta ECB so:
• to formulate the monetary policy of the euro area; i.e. to take decisions on the level of the key ECB interest rates; • to adopt the guidelines and take the decisions necessary to ensure the performance of the Eurosystem’s tasks.
• sprejemanje smernic in sklepov, ki zagotavljajo izvajanje nalog Eurosistema.
Focus on the euro area
Usmerjenost na euroobmočje
When taking decisions on monetary policy and other tasks of the Eurosystem, the Governing Council takes into account the developments in the euro area as a whole.
Svet ECB pri odločanju o denarni politiki in drugih nalogah Eurosistema upošteva gibanja v celotnem euroobmočju.
Executive Board meets every Tuesday
Izvršilni odbor se sestaja vsak torek
The Executive Board comprises the President and theVice-President of the ECB and four other members.
Izvršilni odbor ECB sestavljajo predsednik in podpredsednik ECB ter štirje drugi člani.
They are appointed from among persons of recognised standing and professional experience in monetary and banking matters by common accord of the governments of the euro area at the level
Izmed oseb z ugledom in poklicnimi izkušnjami na denarnem in bančnem področju jih z medsebojnim soglasjem imenujejo vlade držav članic euroobmočja na ravni voditeljev držav ali vlad, in sicer na priporočilo Sveta EU, ki se o tem predhodno posvetuje z Evropskim parlamentom in Svetom ECB. Izvršilni odbor se običajno sestane vsak torek.
The President of the ECB or, in his absence, the Vice-President, chairs the meetings of the Governing Council, the Executive Board and the General Council of the ECB.The President is invited to the meetings of the Eurogroup , the informal group of the euro area economics and finance ministers, and he may participate in EU Council meetings on topics relating to the objectives and tasks of the Eurosystem.
Predsednik ali v njegovi odsotnosti podpredsednik predseduje Svetu, Izvršilnemu odboru in Razširjenemu svetu ECB. Predsednik je vabljen na zasedanja Euroskupine – neformalne skupine gospodarskih in finančnih ministrov držav euroobmočja, prav tako pa se lahko udeleži sej Sveta EU, kadar ta obravnava teme, povezane s cilji in nalogami Eurosistema.
The main responsibilities of the Executive Board are:
Glavne pristojnosti Izvršilnega odbora so:
• to prepare the meetings of the Governing Council; • to implement monetary policy in the euro area in accordance with the guidelines and decisions laid down by the Governing Council and, in so doing, to give instructions to the NCBs; • to manage the day-to-day business of the ECB; • to exercise certain powers, including regulatory powers, delegated to it by the Governing Council.
• upravljanje tekočega poslovanja ECB; • izvrševanje nekaterih pooblastil, ki jih nanj prenese Svet ECB, vključno z regulativnimi pooblastili.
General Council meets four times every year
Razširjeni svet ECB se sestaja štirikrat letno
The General Council comprises the President and theVice-President of the ECB and the governors of the national central banks of all EU Member States.
Razširjeni svet ECB sestavljajo predsednik in podpredsednik ECB ter guvernerji nacionalnih centralnih bank vseh držav članic EU.
The other members of the Executive Board, the President of the EU Council and a member of the European Commission may attend the meetings of the General Council but they do not have the right to vote.
Preostali člani Izvršilnega odbora, predsednik Sveta EU in član Evropske komisije se sicer lahko udeležijo zasedanj Razširjenega sveta, vendar nimajo pravice do glasovanja.
Meetings of the General Council may be convened whenever the President deems it necessary or at the request of at least three of its members.The General Council usually meets in Frankfurt once every three months.
Razširjeni svet se lahko skliče, kadar predsednik meni, daje to potrebno, ali na zahtevo vsaj treh članov sveta. Običajno se sestane vsak tretji mesec v Frankfurtu.
The General Council has no responsibility for monetary policy decisions in the euro area.
Razširjeni svet ni pristojen za sprejemanje sklepov o denarni politiki euroobmočja, vendar pa je od EMI prevzel naloge, ki jih mora ECB v okviru tretje faze EMU opravljati tako dolgo, da bodo vse države članice EU sprejele euro.
It has taken over tasks from the EMI which the ECB has to perform in StageThree of EMU as long as some EU Member States have not adopted the euro.This implies that it is responsible primarily for reporting see Glossary
To pomeni, daje pristojen predvsem za poročanje o napredku pri konvergenci gl. glosar
on the progress made towards convergence by EU Member States which have not yet adopted the euro, and for giving advice on the preparations necessary for adopting the euro as their currency.
držav članic EU, ki še niso sprejele eura, in svetovanje glede priprav, potrebnih za sprejetje eura kot njihove valute.
It contributes to the advisory functions of the ESCB and helps to collect statistical information.
Prav tako sodeluje pri svetovalnih funkcijah ESCB in pomaga pri zbiranju statističnih podatkov.
These Committees are also important for intraESCB
Organom odločanja v ECB pomagajo odbori ESCB, ki tudi pomembno
2.7 cooperation.They consist of members from the ECB and the national central banks (NCBs) of the Eurosystem, as well as from other competent bodies, such as national supervisory authorities in the case of the Banking Supervision Committee.
Organe odločanja podpirajo strokovni odbori prispevajo k sodelovanju znotraj ESCB. Sestavljajo jih člani ECB in nacionalnih centralnih bank Eurosistema ter drugi pristojni organi, kot so nacionalni nadzorni organi pri Odboru za bančni nadzor.
The NCBs of the non-euro area countries have each appointed experts to take part in ESCB Committee meetings whenever a Committee is dealing with matters which fall within the field of competence of the General Council.
Vsaka od nacionalnih centralnih bank držav članic, ki še niso sprejele eura, imenuje strokovnjake, ki sodelujejo na zasedanjih Odbora ESCB, kadar ta obravnava zadeve s področja pristojnosti Razširjenega sveta ECB.
The mandates of the Committees are laid down by the Governing Council, to which the Committees report via the Executive Board.
Mandat odborov določi Svet ECB, ki mu prek Izvršilnega odbora tudi poročajo.
At present, the Committees areas follows: the Accounting and Monetary Income Committee, the Banking Supervision Committee, the Banknote Committee, the Committee on Cost Methodology, the Eurosystem/ESCB Communications Committee, the Eurosystem IT Steering Committee, the Information Technology Committee, the Internal Auditors Committee, the International Relations Committee, the Legal Committee, the Market Operations Committee, the Monetary Policy Committee, the Payment and Settlement Systems Committee and the Statistics Committee.
Trenutno obstajajo naslednji odbori: Odbor za računovodstvo in denarne prihodke, Odbor za bančni nadzor, Odbor za bankovce, Odbor za metodologijo stroškov, Odbor Eurosistema/ESCB za komuniciranje z javnostjo, Odbor za koordinacijo projektov IT, Odbor notranjih revizorjev, Odbor za mednarodne odnose, Odbor za pravne zadeve, Odbor za operacije na trgu, Odbor za denarno politiko, Odbor za plačilne in poravnalne sisteme ter Odbor za statistiko.
In 1998 the Governing Council also established a Budget Committee, composed of members coming from the ECB and the Eurosystem NCBs.
Svet ECB je leta 1998 ustanovil tudi Odbor za proračun, ki ga sestavljajo člani iz ECB in nacionalnih centralnih bank Eurosistema.
The Budget Committee assists the Governing Council in matters related to the ECB’s budget.
Odbor za proračun pomaga Svetu ECB pri zadevah, povezanih s proračunom ECB.
Finally, in 2005 a Human Resources Conference was established, consisting of members from the ESCB.This Conference aims to further promote the cooperation and team spirit among Eurosystem/ESCB central banks in the field of human resources management.
Leta 2005 je bila ustanovljena tudi Kadrovska konferenca, katere člani prihajajo iz ESCB. Namen konference je spodbujati sodelovanje in skupinski duh med centralnimi bankami Eurosistema/ESCB na področju kadrovskega upravljanja.
The primary objective of the Eurosystem is to maintain price stability.
Poglavitni cilj Eurosistema je ohranjati stabilnost cen.
Without prejudice to the objective of price stability, the Eurosystem shall support the general economic policies of the European Community.
Eurosistem podpira splošne gospodarske politike v Evropski skupnosti, če to ni v nasprotju s ciljem stabilnosti cen.
Price stability is the top priority
Najpomembnejši cilj je stabilnost cen
Article 2 of theTreaty on European Union states that the European Union aims to promote “economic and social progress and a high level of employment and to achieve balanced and sustainable development”.The Eurosystem contributes to these objectives by maintaining price stability.
Člen 2 Pogodbe o Evropski uniji navaja, daje naloga Skupnosti spodbujati »gospodarski in socialni razvoj ter visoko stopnjo zaposlenosti in doseči uravnotežen in trajnosten razvoj«.
In addition, in the pursuit of price stability, it takes these objectives into account.
Eurosistem k tem ciljem prispeva z ohranjanjem stabilnosti cen.
Should there be any conflict between the objectives, the maintenance of price stability must always be given priority by the ECB.
Obenem te cilje upošteva v svojih prizadevanjih za stabilnost cen. Če bi se ti cilji kakor koli izključevali, mora ECB vedno dati prednost ohranjanju cenovne stabilnosti.
The Eurosystem acts in accordance with the principle of an open market economy with free competition, favouring an efficient allocation of resources.
Eurosistem deluje skladno z načelom odprtega tržnega gospodarstva s svobodno konkurenco, ki spodbuja učinkovito razporejanje virov.
The ECB must influence conditions in the money market, and thereby the level of shortterm interest rates, in order to achieve price stability.
ECB mora za uresničitev stabilnosti cen vplivati na razmere na denarnem trgu in s tem na raven kratkoročnih obrestnih mer.
The ECB has adopted a strategy to ensure that a consistent and systematic approach is applied to monetary policy decisions.
ECB je sprejela strategijo denarne politike, da bi zagotovila dosledno in sistematično sprejemanje sklepov o denarni politiki.
Consistency helps to stabilise inflation expectations and enhance the credibility of the ECB.
Doslednost prispeva k umiritvi inflacijskih pričakovanj in povečuje kredibilnost ECB.
A main element of the ECB Governing Council’s monetary policy strategy is its quantitative definition of price stability: “a year-on-year increase in the Harmonised Index of Consumer Prices (HICP) for the euro area of below 2%”.
Eden glavnih elementov v strategiji denarne politike Sveta ECB je številčna opredelitev stabilnosti cen. To je »medletno povečanje harmoniziranega indeksa cen življenjskih potrebščin (HICP) v euroobmočju, ki je manjše kot 2%«.
Price stability must be maintained over the medium term, which reflects the need for monetary policy to be forward-looking.
Stabilnost cen je treba ohranjati srednjeročno, kar odraža dejstvo, da mora biti denarna politika usmerjena v prihodnost.
3.4 Communication 3.5 Monetary and financial statistics
3.4 Obveščanje javnosti 3.5 Denarna in finančna statistika
2% over the medium term.
V prizadevanjih za stabilnost cen namerava ECB v srednjeročnem obdobju ohranjati stopnjo inflacije, ki je pod 2%, vendar blizu te meje.
This underlines its commitment to provide a sufficient safety margin to guard against the risks of deflation .
To kaže na njeno zavezo, da bo zagotovila zadostno varnostno mejo pred tveganjem deflacije .
Forward-looking monetary policy
Denarna politika predvideva gibanja v prihodnosti
Monetary policy needs to be forward-looking since there are significant lags in the transmission mechanism (see next section).
Denarna politika mora biti usmerjena v prihodnost, saj transmisijski mehanizem deluje s precejšnim časovnim odlogom (gl. naslednje poglavje).
In addition, monetary policy should anchor inflation expectations and help to reduce volatility in economic developments.
Hkrati mora politika zajeziti inflacijska pričakovanja in prispevati k zmanjšanju nihanj v gospodarskih gibanjih.
In addition to the definition of price stability, the monetary policy strategy consists of a comprehensive assessment of the risks to price stability consisting of an economic analysis and a monetary analysis.
Strategija denarne politike poleg opredelitve cenovne stabilnosti vključuje tudi celovito oceno tveganj za stabilnost cen, ki obsega ekonomsko in denarno analizo.
Every decision on monetary policy is preceded by a thorough cross-checking of the information coming from the two analyses.
Vsak sklep o denarni politiki temelji na izčrpnem medsebojnem preverjanju informacij, ki izhajajo iz obeh analiz.
The transmission mechanism of monetary policy starts with the central bank’s management of liquidity and steering of shortterm interest rates.
Prvi korak v transmisijskem mehanizmu denarne politike zajema upravljanje likvidnosti in usmerjanje kratkoročnih obrestnih mer s strani centralne banke.
Money market is the first to be affected
Spremembe najprej vplivajo na denarni trg
To steer shortterm interest rates, the Eurosystem has at its disposal a set of monetary policy instruments, namely open market operations, standing facilities and reserve requirements.
Za usmerjanje kratkoročnih obrestnih mer ima Eurosistem na voljo sklop instrumentov denarne politike, ki vključuje operacije na odprtem trgu, odprte ponudbe in obvezne rezerve.
Open market operations can be divided into:
Operacije na odprtem trgu se delijo na:
• main refinancing operations; these are regular liquidity-providing transactions with a frequency and maturity of one week; • longer-term refinancing operations; these are liquidity-providing transactions with a monthly frequency and a maturity of three months; • fine-tuning operations; these can be executed on an ad hoc basis to manage the liquidity situation in the market and to steer interest rates.
(redne transakcije za zagotavljanje likvidnosti, ki se izvajajo enkrat tedensko in imajo dospelost enega tedna); • operacije dolgoročnejšega refinanciranja (transakcije za zagotavljanje likvidnosti, ki se izvajajo enkrat mesečno in imajo dospelost treh mesecev); • operacije finega uravnavanja (izvajajo se občasno s ciljem uravnavati likvidnost na trgu in usmerjati obrestne mere ter zlasti izravnati učinke, ki jih imajo na obrestne mere nepričakovana neravnovesja v likvidnosti);
In particular, they aim to smooth the effects on interest rates of unexpected liquidity imbalances; and • structural operations can be carried out by the Eurosystem through reverse transactions, outright transactions and issuance of debt certificates.
• strukturne operacije (izvaja jih Eurosistem prek povratnih transakcij), dokončne transakcije in izdaja dolžniških certifikatov
The Eurosystem also offers two standing facilities, which set boundaries for overnight market interest rates by providing and absorbing liquidity:
Eurosistem ponuja tudi dve odprti ponudbi, ki prek povečevanja in zmanjševanja likvidnosti določata zgornjo in spodnjo mejo za obrestne mere na trgu čez noč:
• the marginal lending facility, which allows credit institutions to obtain overnight liquidity from the national central banks against eligible assets; and • the deposit facility, which can be used by credit institutions to make overnight deposits with the national central banks in the Eurosystem.
• odprta ponudba mejnega posojila (kreditnim institucijam omogoča, da od nacionalne centralne banke pridobijo likvidnost čez noč na podlagi primernega finančnega premoženja za zavarovanje terjatev); • odprta ponudba mejnega depozita (kreditnim institucijam omogoča, da pri nacionalni centralni banki Eurosistema naložijo depozit čez noč).
Finally, the Eurosystem requires credit institutions to hold minimum reserves in accounts with the national central banks.
Eurosistem od kreditnih institucij tudi zahteva, da imajo na računu pri nacionalni centralni banki obvezne rezerve.
COMMUNICATION
OBVEŠČANJE JAVNOSTI
Efficient external communication is an essential part of a central bank’s job.
Učinkovito obveščanje javnosti je nepogrešljiva naloga centralne banke, saj prispeva k učinkovitosti in kredibilnosti denarne politike.
Communication contributes to the effectiveness and credibility of monetary policy.
ECB mora biti odprta in pregledna, da bi javnost bolje razumela denarno politiko in druge centralnobančne dejavnosti.
In order to increase the public’s understanding of monetary policy and other central bank activities, the ECB must be open and transparent.
To je glavno vodilo Eurosistema pri komuniciranju z javnostjo, ki zajema tudi tesno sodelovanje med ECB in nacionalnimi centralnimi bankami.
This is the main guiding principle for the Eurosystem in its external communication, which involves close cooperation between the ECB and the NCBs.
Za učinkovito obveščanje javnosti uporabljajo ECB in nacionalne centralne banke številna orodja, od katerih so najpomembnejša naslednja:
To make its communication effective, the ECB and the NCBs use many different tools.The most important are:
• redne tiskovne konference, ki potekajo po prvi seji Sveta ECB v mesecu; • Mesečni bilten, ki objavlja podrobno analizo gospodarskih gibanj v euroobmočju in članke o temah, povezanih z delovanjem ECB; • javna zaslišanja predsednika ECB in drugih članov Izvršilnega odbora
• regular press conferences after the first Governing Council meeting in each month; • publication of a Monthly Bulletin containing a detailed description of economic developments in the euro area and articles on topics relevant to the ECB’s activities; • public hearings of the ECB’s President and other members of the ECB’s Executive Board in the European Parliament ; • speeches and interviews given by members of the ECB’s decisionmaking bodies; • press releases explaining the decisions and views of the Governing Council; • the websites of the ECB and the NCBs, which give access to all published material, including a very large collection of statistical data; • working papers; • occasional papers.
• govori in intervjuji, ki jih imajo člani organov odločanja ECB; • sporočila za javnost, ki pojasnjujejo odločitve in poglede Sveta ECB; • spletne strani ECB in nacionalnih centralnih bank, ki omogočajo dostop do vseh objavljenih dokumentov in obsežne zbirke statističnih podatkov;
MONETARY AND FINANCIAL STATISTICS
DENARNA IN FINANČNA STATISTIKA
The ECB compiles and publishes financial and monetary statistics in close cooperation with the NCBs.This statistical information supports the monetary policy of the euro area and the decisionmaking of the ECB.
ECB v tesnem sodelovanju z nacionalnimi centralnimi bankami pripravlja in objavlja finančno in denarno statistiko. Ti statistični podatki podpirajo denarno politiko euroobmočja in sprejemanje odločitev ECB.
The NCBs (and, in some cases, other national authorities) collect data from financial institutions and other sources in the irrespective countries and calculate aggregates at the national level, which they send to the ECB.The ECB then compiles the aggregates for the euro area.
Nacionalne centralne banke (oz. v nekaterih primerih drugi nacionalni organi) zbirajo podatke od kreditnih institucij in iz drugih virov v svojih državah ter izračunavajo agregate na nacionalni ravni, ki jih pošiljajo ECB. ECB nato pripravi agregate za euroobmočje.
The legal basis for the development, collection, compilation and dissemination of statistics by the ECB is laid down in the Statute of the European System of Central Banks and of the European Central Bank annexed to theTreaty.
Pravno podlago za razvoj, zbiranje, urejanje in objavljanje statističnih podatkov ECB zagotavlja Statut Evropskega sistema centralnih bank in Evropske centralne banke, ki je priložen Pogodbi.
While ensuring that its statistical requirements are met, the ECB seeks to minimise the burden which statistical reporting places on financial institutions and other reporting agents.
ECB zagotavlja, da so njene zahteve glede statističnega poročanja izpolnjene, vendar si obenem prizadeva čim bolj olajšati breme, ki ga statistično poročanje predstavlja za kreditne institucije in druge obveznike poročanja.