{"id":383954,"date":"2025-09-11T23:41:12","date_gmt":"2025-09-11T23:41:12","guid":{"rendered":"https:\/\/www.europesays.com\/fr\/383954\/"},"modified":"2025-09-11T23:41:12","modified_gmt":"2025-09-11T23:41:12","slug":"des-taxes-trump-au-budget-macron-les-incertitudes-contraignent-la-banque-centrale-europeenne-a-lattentisme","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/fr\/383954\/","title":{"rendered":"Des \u00ab\u00a0taxes Trump\u00a0\u00bb au budget Macron, les incertitudes contraignent la Banque centrale europ\u00e9enne \u00e0\u00a0l\u2019attentisme"},"content":{"rendered":"<p>                         <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/fr\/wp-content\/uploads\/2025\/09\/38171f7_ftp-import-images-1-sg0bcfuj47eh-2025-09-11t130506z-1101049141-rc2ppgacrpfq-rtrmadp-3-ecb-po.jpeg\" alt=\"Christine Lagarde, la pr\u00e9sidente de la Banque centrale europ\u00e9enne (BCE), au si\u00e8ge de l\u2019institution, \u00e0 Francfort (Allemagne), le 11\u00a0septembre 2025. \"   width=\"664\" height=\"443\"\/>    Christine Lagarde, la pr\u00e9sidente de la Banque centrale europ\u00e9enne (BCE), au si\u00e8ge de l\u2019institution, \u00e0 Francfort (Allemagne), le 11\u00a0septembre 2025.  KAI PFAFFENBACH\/REUTERS                 <\/p>\n<p class=\"article__paragraph  \">En dire autant que possible sans s\u2019engager, adresser des messages clairs sans d\u00e9signer leurs destinataires. C\u2019est \u00e0 cet exercice d\u00e9licat que s\u2019est pr\u00eat\u00e9, jeudi 11\u00a0septembre, Christine Lagarde, la pr\u00e9sidente de la Banque centrale europ\u00e9enne (BCE), attendue \u00e0 la fois sur l\u2019\u00e9volution \u00e0 venir des taux d\u2019int\u00e9r\u00eat et sur les tensions cr\u00e9\u00e9es sur les march\u00e9s par la situation budg\u00e9taire fran\u00e7aise.<\/p>\n<p class=\"article__paragraph  \">Sans surprise, avant sa conf\u00e9rence de presse, le conseil des gouverneurs de l\u2019institution mon\u00e9taire avait d\u00e9cid\u00e9, \u00e0 l\u2019unanimit\u00e9, de laisser les taux d\u2019int\u00e9r\u00eat directeurs inchang\u00e9s, comme en juillet, <a href=\"https:\/\/www.lemonde.fr\/economie\/article\/2025\/06\/05\/apres-huit-baisses-de-ses-taux-d-interet-la-banque-centrale-europeenne-indique-une-possible-pause_6610710_3234.html#:~:text=Dans%20ces%20conditions%2C%20la%20BCE,un%20total%20de%20deux%20points.\" rel=\"nofollow noopener\" target=\"_blank\">apr\u00e8s huit baisses en un peu plus d\u2019un an<\/a> qui ont ramen\u00e9 le principal d\u2019entre eux, le taux de d\u00e9p\u00f4t, de 4\u00a0% \u00e0 2\u00a0%.<\/p>\n<p class=\"article__paragraph  \">Pour la suite, Mme\u00a0Lagarde l\u2019a r\u00e9p\u00e9t\u00e9 comme elle le fait depuis le mois de juin, la BCE fixe sa politique \u00ab\u00a0r\u00e9union par r\u00e9union\u00a0\u00bb, selon une approche \u00ab\u00a0s\u2019appuyant sur les donn\u00e9es\u00a0\u00bb, c\u2019est-\u00e0-dire en suivant mois apr\u00e8s mois les indicateurs \u00e9conomiques. En clair, pas question de donner par avance la moindre indication sur les d\u00e9cisions futures. Et le climat d\u2019incertitudes actuel, provoqu\u00e9 principalement par la mise en place chaotique, depuis le printemps, des taxes douani\u00e8res du pr\u00e9sident am\u00e9ricain, Donald Trump, n\u2019est pas de nature \u00e0 faire sortir l\u2019institution de cette ambigu\u00eft\u00e9.<\/p>\n<p class=\"reading-mode-only \"><strong>Il vous reste 81.69% de cet article \u00e0 lire. La suite est r\u00e9serv\u00e9e aux abonn\u00e9s.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Christine Lagarde, la pr\u00e9sidente de la Banque centrale europ\u00e9enne (BCE), au si\u00e8ge de l\u2019institution, \u00e0 Francfort (Allemagne), le&hellip;\n","protected":false},"author":2,"featured_media":383955,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[35,33,34,1011,27],"class_list":{"0":"post-383954","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economie","8":"tag-business","9":"tag-economie","10":"tag-economy","11":"tag-fr","12":"tag-france"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@fr\/115188313918962712","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/posts\/383954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/comments?post=383954"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/posts\/383954\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/media\/383955"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/media?parent=383954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/categories?post=383954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/tags?post=383954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}