{"id":231881,"date":"2024-06-06T15:34:00","date_gmt":"2024-06-06T13:34:00","guid":{"rendered":"https:\/\/legrandcontinent.eu\/fr\/?p=231881"},"modified":"2024-06-06T17:45:34","modified_gmt":"2024-06-06T15:45:34","slug":"la-bce-entame-le-processus-dassouplissement-de-sa-politique-monetaire","status":"publish","type":"post","link":"https:\/\/legrandcontinent.eu\/fr\/2024\/06\/06\/la-bce-entame-le-processus-dassouplissement-de-sa-politique-monetaire\/","title":{"rendered":"La BCE entame le processus d&rsquo;assouplissement de sa politique mon\u00e9taire"},"content":{"rendered":"\n<p>La d\u00e9cision, particuli\u00e8rement attendue, avait \u00e9t\u00e9 largement anticip\u00e9e par les investisseurs mais aussi par le Conseil des gouverneurs. Elle suit celle de la Banque du Canada, qui a \u00e9galement annonc\u00e9 une baisse de ses taux hier, le 5 juin.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Plus t\u00f4t dans l\u2019ann\u00e9e, les banques centrales du Br\u00e9sil, du Mexique, du Chili, de la Suisse et de la Su\u00e8de avaient \u00e9galement entam\u00e9 le cycle d&rsquo;assouplissement de leur politique mon\u00e9taire.\u00a0<\/li>\n\n\n\n<li>Malgr\u00e9 un l\u00e9ger rebond de l&rsquo;inflation au mois de mai \u2013 2,6&#160;% contre 2,4&#160;% en avril \u2013\u00a0 et de l\u2019incertitude autour du processus de d\u00e9sinflation, en particulier en ce qui concerne les salaires et les prix des services, la BCE a proc\u00e9d\u00e9 \u00e0 une baisse de 25 points de base, portant les taux d\u2019int\u00e9r\u00eat des op\u00e9rations principales de refinancement, de la facilit\u00e9 de pr\u00eat marginal et de la facilit\u00e9 de d\u00e9p\u00f4t \u00e0 4,25&#160;%, 4,50&#160;% et 3,75&#160;%&nbsp;<span class='whitespace-nowrap'><span id='easy-footnote-1-231881' class='easy-footnote-margin-adjust'><\/span><span class='easy-footnote'><a href='https:\/\/legrandcontinent.eu\/fr\/2024\/06\/06\/la-bce-entame-le-processus-dassouplissement-de-sa-politique-monetaire\/#easy-footnote-bottom-1-231881' title='&lt;a href=&quot;https:\/\/www.ecb.europa.eu\/press\/pr\/date\/2024\/html\/ecb.mp240606~2148ecdb3c.en.html&quot;&gt;D\u00e9cisions de politique mon\u00e9taire&lt;\/a&gt;, BCE, 6 juin 2024.'><sup>1<\/sup><\/a><\/span><\/span>.<\/li>\n<\/ul>\n\n\n\n<div class=\"iframe-container wp-block-image wp-block-image-medium  iframe-dw\">\n\t<div>\n\t\t<iframe class=\"absolute w-full h-full pin-t pin-l\" title=\"titolo\" aria-label=\"Interactive line chart\" src=\"\/\/datawrapper.dwcdn.net\/W8xw8\" scrolling=\"no\" frameborder=\"0\"><\/iframe>\n\t<\/div>\n<\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Elle a d\u2019ailleurs relev\u00e9 ses pr\u00e9visions d&rsquo;inflation \u00e0 2,5&#160;% en 2024 (contre 2,3&#160;% en mars), 2,2&#160;% en 2025 et 1,9&#160;% en 2026&nbsp;<span class='whitespace-nowrap'><span id='easy-footnote-2-231881' class='easy-footnote-margin-adjust'><\/span><span class='easy-footnote'><a href='https:\/\/legrandcontinent.eu\/fr\/2024\/06\/06\/la-bce-entame-le-processus-dassouplissement-de-sa-politique-monetaire\/#easy-footnote-bottom-2-231881' title='&lt;a href=&quot;https:\/\/www.ecb.europa.eu\/press\/projections\/html\/index.en.html&quot;&gt;Macroeconomic projections&lt;\/a&gt;, BCE, 6 juin 2024.'><sup>2<\/sup><\/a><\/span><\/span>. Dans ses pr\u00e9visions de printemps, la Commission europ\u00e9enne tablait \u00e9galement sur une inflation de 2,5&#160;% dans la zone euro cette ann\u00e9e et 2,1&#160;% en 2025.<\/li>\n<\/ul>\n\n\n\n<div class=\"iframe-container wp-block-image wp-block-image-medium  iframe-dw\">\n\t<div>\n\t\t<iframe class=\"absolute w-full h-full pin-t pin-l\" title=\"titolo\" aria-label=\"Interactive line chart\" src=\"\/\/datawrapper.dwcdn.net\/hPVLE\" scrolling=\"no\" frameborder=\"0\"><\/iframe>\n\t<\/div>\n<\/div>\n\n\n\n<p>Le processus d&rsquo;assouplissement de la politique mon\u00e9taire entam\u00e9, se pose d\u00e9sormais la question du rythme de desserrement, alors que l\u2019inflation persiste et que l\u2019activit\u00e9 \u00e9conomique dans la zone euro demeure faible, malgr\u00e9 un rebond au premier trimestre. Les investisseurs pr\u00e9voient au moins encore une baisse de taux en 2024.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Mais lors de la conf\u00e9rence de presse, la pr\u00e9sidente de la BCE Christine Lagarde est rest\u00e9e vague quant aux prochaines d\u00e9cisions et a indiqu\u00e9 que le Conseil des gouverneurs maintiendra les taux directeurs \u00e0 un niveau suffisamment restrictif aussi longtemps que n\u00e9cessaire.\u00a0<\/li>\n\n\n\n<li>Une nouvelle baisse en juillet semble \u00e0 ce stade improbable.\u00a0<\/li>\n<\/ul>\n\n\n\n<p>Selon la BCE, la zone euro devrait cro\u00eetre de 0,9&#160;% cette ann\u00e9e (0,8&#160;% dans les pr\u00e9visions de la Commission europ\u00e9enne).<\/p>\n\n\n\n<p>La R\u00e9serve f\u00e9d\u00e9rale am\u00e9ricaine, qui se r\u00e9unira la semaine prochaine, devrait maintenir ses taux inchang\u00e9s.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lors de sa r\u00e9union de politique mon\u00e9taire qui s\u2019est tenue aujourd\u2019hui le 6 juin, la BCE a baiss\u00e9 ses taux directeurs d&rsquo;un quart de point de pourcentage, le taux de d\u00e9p\u00f4t passant de 4&#160;&#160;% \u00e0 3,75&#160;&#160;%. Il s\u2019agit de la premi\u00e8re baisse des taux depuis 2019. <\/p>\n","protected":false},"author":40,"featured_media":231882,"comment_status":"closed","ping_status":"","sticky":false,"template":"templates\/post-briefings.php","format":"standard","meta":{"_acf_changed":true,"_trash_the_other_posts":false,"footnotes":""},"categories":[1727],"tags":[],"staff":[],"editorial_format":[],"serie":[],"audience":[],"geo":[],"class_list":["post-231881","post","type-post","status-publish","format-standard","hentry","category-economie"],"acf":{"open_in_webview":false,"accent":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>La BCE entame le processus d&#039;assouplissement de sa politique mon\u00e9taire | Le Grand Continent<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/legrandcontinent.eu\/fr\/2024\/06\/06\/la-bce-entame-le-processus-dassouplissement-de-sa-politique-monetaire\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"La BCE entame le processus d&#039;assouplissement de sa politique mon\u00e9taire | Le Grand Continent\" \/>\n<meta property=\"og:description\" content=\"Lors de sa r\u00e9union de politique mon\u00e9taire qui s\u2019est tenue aujourd\u2019hui le 6 juin, la BCE a baiss\u00e9 ses taux directeurs d&#039;un quart de point de pourcentage, le taux de d\u00e9p\u00f4t passant de 4&#160;% \u00e0 3,75&#160;%. 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