Indlela i-Fed Rate ifikelele ngayo ingabandakanyeka kuMakethi eMakethe

Ukunyuka kwamaRhafu kunye neMpembelelo kumaMarhwebo aMazwe ngamazwe

I-Federal Federal Reserve yenze ukuba icacise ukuba iya kunyusa izinga lentengo ngo-2015, njengoko nje uqoqosho luqhubeka luphucula. Ngokulindele ukunyuka kwamaxabiso , i-dollar yase-US iye yaxabisa ixabiso kwaye ibeka uxinzelelo kwiibhanti zamabhanki, amafemu kunye nemizi ebolekayo kwiidola kwaye ichitha kwezinye iirhafu, ngelixa ibeka ingcinezelo kwimigangatho yokutshintshiselwa kwemali ehlanganiswe nedola owenza ishishini kwezinye iirhafu.

I-Market Incall Spillover

Iimarike ezikhuphayo zifunyenwe malunga ne-4.5,5 trillion yemali engenayo eyimali phakathi kwe-2009 no-2012-emele malunga nesiqingatha se-capital capital flow - ngenxa yezinga elincinci lomdla kwiindawo eziphuhlisiweyo emva koxinzelelo lwezoqoqosho lwamazwe ngama- 2008 . Ngaphandle kwempembelelo enkulu, ukulingana kwamanani kunye nokuthengiswa kwamanani kwaphakama phezulu ngelixa iimali ezixabiswa ngokuxabisekileyo, njengoko zithengeka ukuba zibolekise kwaye abatyali-mali bafuna isivuno ngaphandle kwemida yelizwe eliphuhlisiweyo.

Njengoko i-US imisela iirhafu zenzalo, ukuqoqosho oluvela kumafama atshaba ukuqala ukuphuma kwimali. Abatyalomali bafumana ingcamango yale mveliso ngoMeyi noJuni ka-2013 kunye nento ebizwa ngokuthi "i-taper tantrum" isiqendu, apho iimarike ezivela kwamanye amazwe zihlaselwa yimali engenayo engabonakaliyo eyabancincileyo kwezoqoqosho. Iindaba ezimbi kukuba ixesha kunye nejubane lala manqanaba omyinge onomdla ungabamba intengiso ngokumangalisa.

Emva kokuba i-Federal Reserve ikhulise i-rhetoric yayo, ngethuba lesibini sokuqala ka-2015, ukulingana kwamashishini atshabalalayo, amabhondi, kunye neemeko zaqala ukuwa ngexabiso kwakhona. Ezinye iingcali zixhalaba ukuba ukuqinisekiswa kwebhanki ephakathi kukunciphisa ingxaki yezemali kwiimarike ezikhulayo, kufana nezo zenzeke ngo-1982 no-1994.

Amazwe anjenge-Fragile Five angabandakanywa nakwezinye iintlobo zeengxaki, kuba behlulekile ukuqinisa ibhajethi yabo yasekhaya.

IMakethe ezithuthukisiwe

Iimarike ezikhulayo azizona kuphela amazwe ezichaphazelekayo ngamazinga okunyuka kwamaxabiso e-Federal Reserve. Uqoqosho lweYurophu kunye neJapan luya kuzuza ngokunciphisa i-euro neyeen, kodwa ukuphindaphinda kweepotfoliyo kunokuthi kuthathe ezinye zazo. Ngenkunzi enkulu ebuyela e-US ilandele ukunyuka kwamazinga, amazwe ase-Eurozone angafumana iindleko eziphezulu ezibolekayo ezinokuchaphazela ukukhula koqoqosho.

Oko kwathiwa, ukukhutshwa komgaqo -mali weBhanki yaseJapan kunye neYurophu yaseBurkey ibinokukunceda ukuphazamisa umphumo we-Federal Reserve ukuqiniswa kwiimarike ezikhulayo. Ezi zihlawuli azisebenzisi njengezinga eliphantsi loomdla kwi-US, nangona kunjalo, kunikezelwa ukuba iimarike ezininzi ezikhulayo zineentlawulo zamadola kunetyala le-euro, nto leyo eyenza ukuba baninzi kakhulu ukunyuka kwi-dollar yase-US kuneyuro okanye enye iYurophu zemali.

Kuyafaneleka ukuba uqaphele ukuba iBhanki yaseNgilani ibonise ukuba iya kuphelisa inkqubo yayo yokunciphisa inani kunye nokunyuka kwamazinga omyinge ngo-Meyi ka-2016. Nangona ukuhamba kungabalulekanga njenge-US okanye i-EU

izigqibo, ziyakwazi ukuphazamisa ummandla ngokusondeza ukuphuma kwemali.

Amaphuzu athathweyo

• I-Federal Reserve ilindele ukunyuka kwamazinga ngo-2015, eyona nto ibangele imbangela enkulu yokuxhalabisa ngaphakathi nakwamanye amazwe.
• Ezinye iingcali zixhalaba ukuba iimarike ezikhulayo zingabandezeleka kakhulu ukusuka kwizinga lokunyuka, kuba liza kubangela ukuba imali ingabikho kwimali yezoqoqosho-isiphumo esibizwa ngokuba yi "taper tantrum" esele ibuye yabonwa ngo-2013.
• Iimarike eziphuhlisiweyo zingaba nemfuno emncinci yetyala labo elizimeleyo, ezinokubangela ukuxhaswa ngexabiso elibi kakhulu ukwenzela ukunyuka kwamanani kunye nezinye iinkqubo zokukhuthaza.