【环球财经】欧元区7月通胀超预期 支持欧洲央行9月暂停降息

Group 1 - Eurozone inflation rate remained stable at 2.0% in July, confirming the European Central Bank's (ECB) moderate view on prices and supporting its decision to maintain interest rates after significant cuts [1] - Core inflation rate also held steady at 2.3%, with service prices slightly slowing but offset by a rebound in goods inflation [1] - ECB President Lagarde stated that the bank is in a "favorable position" regarding inflation and will not react to minor deviations from the target [1] Group 2 - Eurozone economic activity in Q2 showed better-than-expected growth, with July manufacturing PMI rising to 49.8, the highest level since July 2021 [2] - Industrial output increased for the fifth consecutive month, although the output index fell to 50.6, the lowest in four months [2] - Analysts noted that a framework trade agreement between the US and Europe could help reduce uncertainty, supporting the ongoing recovery in manufacturing [2] Group 3 - Future inflation may remain above ECB's expectations, indicating a need for caution regarding the re-pricing of ECB rate cut expectations [3] - The likelihood of further ECB rate cuts has decreased, with the core annual inflation rate holding at 2.3% and overall inflation expected to remain around 2% by year-end [3]