Group 1 - The European Central Bank (ECB) has maintained interest rates unchanged for the first time in over a year, with the deposit facility rate at 2%, marginal lending rate at 2.4%, and main refinancing rate at 2.15%, aligning with market expectations and previous values [1] - The ECB has highlighted "trade disputes" as a major source of policy uncertainty, indicating an "exceptionally uncertain" environment due to the unclear outcome of tariffs in US-EU trade negotiations [2][3] - Current inflation has reached the ECB's mid-term target of 2%, marking a key milestone in the current policy cycle, while domestic price pressures are easing despite high wage growth [3] Group 2 - Market focus is shifting towards whether the ECB will continue to lower interest rates, with expectations of a further 22 basis points cut by the end of the year, following eight consecutive rate cuts since June 2024 [4] - ECB President Christine Lagarde has indicated readiness to address challenges beyond trade issues, including the strengthening euro and upcoming EU fiscal expansions in infrastructure and defense [4]
八连降后收手！欧洲央行维持利率不变 静待美方关税政策明朗化
Hua Er Jie Jian Wen·2025-07-24 13:02