欧央行声明全文：按兵不动 未来政策悬而未决

Core Points - The European Central Bank (ECB) decided to maintain the deposit facility rate at 2%, the main refinancing rate at 2.15%, and the marginal lending rate at 2.40%, aligning with market expectations [1][2] - Following the decision, traders maintained their bets on ECB rates, anticipating a further rate cut of 22 basis points by 2025 [1] - The ECB is committed to ensuring inflation stabilizes at the medium-term target of 2%, with monetary policy decisions to be made based on data assessments [1] Interest Rate Policy - The deposit facility rate, main refinancing rate, and marginal lending rate remain unchanged at 2.00%, 2.15%, and 2.40% respectively [2] Asset Purchase Programs - The Asset Purchase Program (APP) and Pandemic Emergency Purchase Program (PEPP) portfolios are being reduced at a steady and predictable pace, with no reinvestment of principal from maturing securities [3] - The ECB is prepared to adjust all policy tools to ensure inflation stability at the 2% target and maintain the smooth functioning of monetary policy transmission [3] - The Transmission Protection Instrument is available to address unreasonable and chaotic market dynamics that threaten effective monetary policy transmission across Eurozone countries [3]