每日机构分析：8月14日

Group 1 - BNP Paribas suggests that the European Central Bank (ECB) may raise interest rates in Q4 2025, viewing it as a "recalibration" of the neutral rate due to fiscal policies offsetting tariff drag [1] - Rabobank analysts express a more pessimistic outlook for Eurozone growth and inflation, predicting that deposit rates will remain unchanged until the end of 2027 [2] - Goldman Sachs believes the ECB's rate-cutting cycle has ended, forecasting that rates will remain stable for an extended period [2] Group 2 - Santander Bank analysts note that the UK's GDP growth of 0.3% in Q2 exceeded expectations, indicating that concerns over employment weakness may be overstated, supporting the Bank of England's decision to keep rates unchanged [3] - The Dutch International Bank highlights that the UK's GDP growth was primarily supported by government consumption and inventory, while household consumption and business investment showed significant weakness [3] - Monex Europe analysts point out that the Norwegian central bank's decision to maintain rates and signal caution on rate cuts supports the krone, despite short-term influences from risk sentiment and oil price fluctuations [3]