{"id":170506,"date":"2026-08-18T05:32:02","date_gmt":"2026-08-18T05:32:02","guid":{"rendered":"https:\/\/friss-hirek.hu\/index.php\/visszatertunk-a-2008-as-valsag-elotti-evek-szintjere-inflacios-korszakra-keszul-a-vilag\/friss-hirek\/"},"modified":"2026-08-18T05:32:02","modified_gmt":"2026-08-18T05:32:02","slug":"visszatertunk-a-2008-as-valsag-elotti-evek-szintjere-inflacios-korszakra-keszul-a-vilag","status":"publish","type":"post","link":"https:\/\/friss-hirek.hu\/index.php\/visszatertunk-a-2008-as-valsag-elotti-evek-szintjere-inflacios-korszakra-keszul-a-vilag\/uzlet\/","title":{"rendered":"Visszat\u00e9rt\u00fcnk a 2008-as v\u00e1ls\u00e1g el\u0151tti \u00e9vek szintj\u00e9re, infl\u00e1ci\u00f3s korszakra k\u00e9sz\u00fcl a vil\u00e1g"},"content":{"rendered":"<p><strong>A k\u00f6zel-keleti v\u00e1ls\u00e1g \u00e9s az olaj\u00e1rak emelked\u00e9se \u00e1llhat a glob\u00e1lis jelens\u00e9g m\u00f6g\u00f6tt.<\/strong><\/p><div id=\"friss-950693669\" class=\"friss-etarget friss-entity-placement\"><script type=\"text\/javascript\" id=\"etargetScript7a9b589f63cb072bef80df221f46a22b\">function etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b(){var e=\"etargetPostload7a9b589f63cb072bef80df221f46a22b\",t=\"etargetScript7a9b589f63cb072bef80df221f46a22b\",o=document.getElementById(e);if(o){for(var n=o.offsetTop,d=o.offsetLeft,r=o.offsetWidth,a=o.offsetHeight;o.offsetParent;)o=o.offsetParent,n+=o.offsetTop,d+=o.offsetLeft;var i=(n<=window.pageYOffset+window.innerHeight&&d<window.pageXOffset+window.innerWidth&&n+a>window.pageYOffset&&d+r>window.pageXOffset);if(i&&etargetAllowOtherCheck){allowed=!1;var c=document.createElement(\"script\");return c.src=\"\/\/hu.search.etargetnet.com\/generic\/uni.php?g=ref:58661,area:700x210\",void(document.getElementById(t)&&document.getElementById(e)&&(document.getElementById(t).parentNode.appendChild(c),document.getElementById(t).parentNode.removeChild(document.getElementById(t)),document.getElementById(e).parentNode.removeChild(document.getElementById(e)),document.removeEventListener(\"scroll\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.removeEventListener(\"resize\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.removeEventListener(\"DOMContentLoaded\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b)))}}}var etargetDivID=\"etargetPostload7a9b589f63cb072bef80df221f46a22b\",etargetScriptID=\"etargetScript7a9b589f63cb072bef80df221f46a22b\",etargetPostloadPoint=document.createElement(\"div\");etargetPostloadPoint.id=etargetDivID;var etargetCurScript=document.getElementById(etargetScriptID);etargetCurScript.parentNode.appendChild(etargetPostloadPoint),document.addEventListener(\"scroll\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.addEventListener(\"resize\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.addEventListener(\"DOMContentLoaded\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b);var etargetAllowOtherCheck=!0;if(typeof(\"forceRunPostload\")==\"string\"){etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b()}<\/script><\/div>\n<p><strong>Mi t\u00f6rt\u00e9nt? <\/strong>T\u00f6bb vezet\u0151 gazdas\u00e1gban h\u00e9tf\u0151n a 2008-as p\u00e9nz\u00fcgyi v\u00e1ls\u00e1g \u00f3ta nem l\u00e1tott szintre emelkedtek az \u00e1llami hitelfelv\u00e9tel k\u00f6lts\u00e9gei. A befektet\u0151k att\u00f3l tartanak, hogy a k\u00f6zel-keleti konfliktus tart\u00f3san magasan tarthatja az infl\u00e1ci\u00f3t, ami miatt a jegybankoknak tov\u00e1bb kellhet szigor\u00edtaniuk a monet\u00e1ris politik\u00e1t. Emiatt csak magasabb hozam mellett hajland\u00f3k \u00e1llampap\u00edrokat v\u00e1s\u00e1rolni, <a href=\"https:\/\/www.theguardian.com\/business\/2026\/aug\/17\/government-borrowing-costs-highs-inflation-france-germany-us-japan-uk-bond-yields\">\u00edrja a Guardian elemz\u00e9se.<\/a><\/p>\n<div class=\"related-post-links\">\n<p>\t\t<span class=\"related-post-links__title minititle\">T\u00f6bb ebb\u0151l<\/span><\/p>\n<div class=\"related-post-links__link-wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.forbes.hu\/penz\/banki-kamatok-allampapir-8-szazalek\/\" class=\"related-post-links__link\">Mi t\u00f6rt\u00e9nik a banki kamatokkal? 8 sz\u00e1zal\u00e9kos aj\u00e1nlat is van m\u00e9g a piacon<\/a>\n\t\t\t<\/div>\n<div class=\"related-post-links__link-wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.forbes.hu\/penz\/magyarorszag-inflacio-v4-orszagok-csucstarto\/\" class=\"related-post-links__link\">A mutat\u00f3, melyben stabilan el\u0151zz\u00fck az \u00f6sszes V4-es orsz\u00e1got: infl\u00e1ci\u00f3<\/a>\n\t\t\t<\/div>\n<div class=\"related-post-links__link-wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.forbes.hu\/penz\/megallt-az-inflacio-tobb-alapelelmiszer-ara-is-csokkent-majusban\/\" class=\"related-post-links__link\">Meg\u00e1llt az infl\u00e1ci\u00f3: t\u00f6bb alap\u00e9lelmiszer \u00e1ra is cs\u00f6kkent m\u00e1jusban<\/a>\n\t\t\t<\/div>\n<\/div>\n<p><strong>P\u00e9ld\u00e1k.<\/strong> Franciaorsz\u00e1gban a 30 \u00e9ves \u00e1llamk\u00f6tv\u00e9ny hozama 2008 szeptembere \u00f3ta nem l\u00e1tott magass\u00e1gba ker\u00fclt, m\u00edg a 10 \u00e9ves francia pap\u00edr hozama 2009 \u00f3ta nem volt ilyen magas. A n\u00e9met 10 \u00e9ves k\u00f6tv\u00e9nyhozam 2011 \u00f3ta nem l\u00e1tott szintre emelkedett. Az Egyes\u00fclt \u00c1llamokban a 30 \u00e9ves \u00e1llamk\u00f6tv\u00e9ny hozama 5,29 sz\u00e1zal\u00e9kra ugrott, ami 2007 \u00f3ta a legmagasabb \u00e9rt\u00e9k.<\/p>\n<p><strong>Kil\u00e1t\u00e1sok.<\/strong> Jelenleg k\u00f6zel 85 sz\u00e1zal\u00e9kra teszik annak es\u00e9ly\u00e9t, hogy szeptemberben ism\u00e9t emel\u00e9s j\u00f6het. K\u00f6zben a k\u00f6zel-keleti konfliktus miatt az olaj \u00e1ra egy h\u00e9t alatt 6 sz\u00e1zal\u00e9kkal emelkedett, ami tov\u00e1bb n\u00f6velheti az infl\u00e1ci\u00f3s kock\u00e1zatokat. A hozamok emelked\u00e9se m\u00e1shol is \u00e9reztette hat\u00e1s\u00e1t, a brit \u00e9s olasz \u00e1llampap\u00edrok \u00e1rfolyama esett, Jap\u00e1nban pedig a 10 \u00e9ves k\u00f6tv\u00e9nyhozam h\u00e1rom \u00e9vtizedes cs\u00facsra ker\u00fclt.<\/p>\n<p><strong>Mi\u00e9rt vesz\u00e9lyes?<\/strong> A magasabb \u00e1llampap\u00edrhozam nemcsak az \u00e1llamok finansz\u00edroz\u00e1s\u00e1t dr\u00e1g\u00edtja meg, hanem id\u0151vel a gazdas\u00e1g t\u00f6bbi szerepl\u0151j\u00e9nek hitelfelv\u00e9teli k\u00f6lts\u00e9geire is hat\u00e1ssal lehet. A legfontosabb k\u00e9rd\u00e9s, hogy az infl\u00e1ci\u00f3s sokk \u00e1tmeneti lesz-e, vagy egy \u00fajabb, tart\u00f3san magasabb kamatk\u00f6rnyezet k\u00f6zeleg.<\/p>\n<p><!-- No email blocks found --><\/p>\n<p>The post <a href=\"https:\/\/www.forbes.hu\/penz\/visszatertunk-a-2008-as-valsag-elotti-evek-szintjere-inflacios-korszakra-keszul-a-vilag\/\">Visszat\u00e9rt\u00fcnk a 2008-as v\u00e1ls\u00e1g el\u0151tti \u00e9vek szintj\u00e9re, infl\u00e1ci\u00f3s korszakra k\u00e9sz\u00fcl a vil\u00e1g<\/a> appeared first on <a href=\"https:\/\/www.forbes.hu\/\">Forbes.hu<\/a>.<\/p><div id=\"friss-191074131\" class=\"friss-etarget-cikk-vege friss-entity-placement\"><script type=\"text\/javascript\" id=\"etargetScript7a9b589f63cb072bef80df221f46a22b\">function etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b(){var e=\"etargetPostload7a9b589f63cb072bef80df221f46a22b\",t=\"etargetScript7a9b589f63cb072bef80df221f46a22b\",o=document.getElementById(e);if(o){for(var 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c.src=\"\/\/hu.search.etargetnet.com\/generic\/uni.php?g=ref:58661,area:700x210\",void(document.getElementById(t)&&document.getElementById(e)&&(document.getElementById(t).parentNode.appendChild(c),document.getElementById(t).parentNode.removeChild(document.getElementById(t)),document.getElementById(e).parentNode.removeChild(document.getElementById(e)),document.removeEventListener(\"scroll\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.removeEventListener(\"resize\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.removeEventListener(\"DOMContentLoaded\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b)))}}}var etargetDivID=\"etargetPostload7a9b589f63cb072bef80df221f46a22b\",etargetScriptID=\"etargetScript7a9b589f63cb072bef80df221f46a22b\",etargetPostloadPoint=document.createElement(\"div\");etargetPostloadPoint.id=etargetDivID;var etargetCurScript=document.getElementById(etargetScriptID);etargetCurScript.parentNode.appendChild(etargetPostloadPoint),document.addEventListener(\"scroll\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.addEventListener(\"resize\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.addEventListener(\"DOMContentLoaded\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b);var etargetAllowOtherCheck=!0;if(typeof(\"forceRunPostload\")==\"string\"){etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b()}<\/script><\/div><div id=\"friss-3768947307\" class=\"friss-after-content_2 friss-entity-placement\" style=\"clear: both;\"><div class=\"wprss_ajax\" data-id=\"rss09f240e25e\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/friss-hirek.hu\/wp-content\/plugins\/wp-rss-retriever\/inc\/imgs\/ajax-loader.gif\" alt=\"Loading RSS Feed\" width=\"16\" height=\"16\"><\/div><\/div><br style=\"clear: both; display: block; float: none;\"\/><div id=\"friss-1829253770\" class=\"friss-after-content_3 friss-entity-placement\">https:\/\/www.youtube.com\/watch?v=Pdnw4KiUWp0<\/div>","protected":false},"excerpt":{"rendered":"<p>A k\u00f6zel-keleti v\u00e1ls\u00e1g \u00e9s az olaj\u00e1rak emelked\u00e9se \u00e1llhat a glob\u00e1lis jelens\u00e9g m\u00f6g\u00f6tt. Mi t\u00f6rt\u00e9nt? T\u00f6bb vezet\u0151 gazdas\u00e1gban h\u00e9tf\u0151n a 2008-as p\u00e9nz\u00fcgyi v\u00e1ls\u00e1g \u00f3ta nem l\u00e1tott szintre emelkedtek az \u00e1llami hitelfelv\u00e9tel k\u00f6lts\u00e9gei. A befektet\u0151k att\u00f3l tartanak, hogy a k\u00f6zel-keleti konfliktus tart\u00f3san magasan tarthatja az infl\u00e1ci\u00f3t, ami miatt a jegybankoknak tov\u00e1bb kellhet szigor\u00edtaniuk a monet\u00e1ris politik\u00e1t. Emiatt [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-170506","post","type-post","status-publish","format-standard","hentry","category-uzlet"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/posts\/170506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/comments?post=170506"}],"version-history":[{"count":0,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/posts\/170506\/revisions"}],"wp:attachment":[{"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/media?parent=170506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/categories?post=170506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/tags?post=170506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}