{"id":22067,"date":"2023-01-30T15:26:14","date_gmt":"2023-01-30T14:26:14","guid":{"rendered":"https:\/\/www.etfworld.com\/fr\/?p=22067"},"modified":"2023-01-30T15:37:19","modified_gmt":"2023-01-30T14:37:19","slug":"state-street-global-advisors-reunion-de-la-bce","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/fr\/state-street-global-advisors-reunion-de-la-bce\/","title":{"rendered":"State Street Global Advisors : R\u00e9union de la BCE"},"content":{"rendered":"
State Street Global Advisors<\/strong> : \u00ab\u00a0L’ann\u00e9e derni\u00e8re, la BCE<\/strong> a surpris les march\u00e9s par le rythme de son resserrement. Mais en 2023, la banque centrale sera beaucoup plus en phase avec les attentes du march\u00e9…<\/span><\/h5>\n

<\/p>\n

Inscrivez-vous pour recevoir les Newsletters gratuites de ETFWorld.fr<\/span><\/strong><\/a><\/p>\n

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par la r\u00e9daction d\u2019 ETFWorld.fr<\/strong><\/p>\n

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par Elliot Hentov, responsable de la recherche sur les politiques macro\u00e9conomiques chez State Street Global Advisors (SSGA)<\/strong><\/p>\n

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Les taux d’int\u00e9r\u00eat europ\u00e9ens ont toujours \u00e9t\u00e9 soit sur\u00e9valu\u00e9s, soit sous-\u00e9valu\u00e9s, car beaucoup d\u00e9pendaient de variables volatiles comme la m\u00e9t\u00e9o ou la g\u00e9opolitique. Mais maintenant que le sc\u00e9nario du pire a \u00e9t\u00e9 clairement \u00e9vit\u00e9, les taux d’int\u00e9r\u00eat de la zone euro sont nettement inf\u00e9rieurs au niveau n\u00e9cessaire pour contenir l’inflation. Par cons\u00e9quent, une hausse de 50 points de base la semaine prochaine est quasiment certaine.<\/p>\n

Ce qui est moins s\u00fbr, c’est l’\u00e9volution de l’\u00e9conomie de la zone euro.<\/strong> Les derni\u00e8res donn\u00e9es \u00e9conomiques continuent de surprendre \u00e0 un point tel que les pr\u00e9visionnistes envisagent \u00e0 nouveau la perspective d’une r\u00e9cession. Si les perspectives sont en effet moins sombres qu’avant l’hiver, cela ne suffit pas \u00e0 emp\u00eacher une petite contraction cette ann\u00e9e. En effet, les revenus r\u00e9els sont affect\u00e9s, les prix de l’\u00e9nergie continuent d’augmenter par rapport \u00e0 avant 2022 et la politique mon\u00e9taire se resserre. Ce ralentissement obligera finalement la BCE \u00e0 cesser d’augmenter les taux d’int\u00e9r\u00eat et \u00e0 ne pas aller au-del\u00e0 de 3,5%. Une partie des restrictions aura \u00e9galement un impact sur le risque de taux d’int\u00e9r\u00eat de certains \u00c9tats, comme l’Italie\u00a0\u00bb.<\/p>\n

Source: ETFWordl.fr<\/p>\n","protected":false},"excerpt":{"rendered":"

State Street Global Advisors : \u00ab\u00a0L’ann\u00e9e derni\u00e8re, la BCE a surpris les march\u00e9s par le rythme de son resserrement. Mais en 2023, la banque centrale sera beaucoup plus en phase avec les attentes du march\u00e9…<\/p>\n","protected":false},"author":4,"featured_media":22068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[44],"tags":[270,80,384],"class_list":["post-22067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analyses-etf","tag-bce","tag-etf","tag-state-street-global-advisors"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/fr\/wp-json\/wp\/v2\/posts\/22067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/fr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/fr\/wp-json\/wp\/v2\/comments?post=22067"}],"version-history":[{"count":3,"href":"https:\/\/www.etfworld.com\/fr\/wp-json\/wp\/v2\/posts\/22067\/revisions"}],"predecessor-version":[{"id":22071,"href":"https:\/\/www.etfworld.com\/fr\/wp-json\/wp\/v2\/posts\/22067\/revisions\/22071"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/fr\/wp-json\/wp\/v2\/media\/22068"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/fr\/wp-json\/wp\/v2\/media?parent=22067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/fr\/wp-json\/wp\/v2\/categories?post=22067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/fr\/wp-json\/wp\/v2\/tags?post=22067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}