经济韧性抵御逆风 欧洲央行第三次“按兵不动”

Core Points - The European Central Bank (ECB) decided to keep the key deposit rate unchanged at 2%, marking the third consecutive meeting without a rate change since the last cut in June, when the inflation rate in the Eurozone reached the target of 2% [1] - The ECB stated that inflation remains close to the medium-term target of 2%, and the assessment of the inflation outlook has largely remained unchanged [1] - Despite a challenging global environment, the economy continues to grow, supported by a strong labor market and robust private sector balance sheets [1] - The ECB warned of uncertainties in the outlook, particularly due to ongoing global trade disputes and geopolitical tensions [1] - Eurozone inflation rose slightly to 2.2% in September, primarily driven by an increase in service prices, leading economists to suggest that the ECB is likely to adopt a cautious approach regarding interest rate adjustments [1] Economic Data - Preliminary data showed that the Eurozone's economy grew by 0.2% quarter-on-quarter in the third quarter, which was above expectations and reinforced the ECB's decision to maintain interest rates [3] - The ECB reiterated its approach of making interest rate decisions based on data and meeting-by-meeting assessments [3] - ECB officials indicated that the rate-cutting cycle is nearing its end, with comments suggesting that there is no immediate need to adjust policies unless significant changes occur [3] - A survey conducted in mid-October revealed that the majority of economists expect the ECB to keep the deposit rate unchanged for the remainder of the year, with 57% of surveyed economists predicting that rates will remain stable until the end of 2026 [3]