刚刚宣布：利率不变！

Core Viewpoint - The European Central Bank (ECB) has decided to maintain its interest rates at 2%, indicating a cautious approach to future monetary policy adjustments based on incoming data [1][2]. Economic Growth - Eurozone's GDP growth for Q3 was reported at 0.2%, slightly above market expectations of 0.1%, following a growth of 0.6% in Q1 and a slowdown to 0.1% in Q2 [1][2]. - Year-on-year, the Eurozone's economic growth for Q3 was 1.3%, surpassing the expected 1.2%, driven primarily by Spain (0.6% growth) and France (0.5% growth) [2]. Inflation Trends - The Eurozone's inflation rate for September was reported at 2.2%, up from 2% in August, slightly above the ECB's target of 2% [3]. - Consumer inflation expectations have stabilized, with the median expectation for the next 12 months decreasing from 2.8% in August to 2.7% in September [2][3]. Market Sentiment - The Purchasing Managers' Index (PMI) for October rose from 51.2 in September to 52.2, indicating a positive sentiment in the market and alleviating concerns about economic downturn risks [2]. - Despite the positive outlook, economists caution against viewing the current situation as a full economic recovery, highlighting significant downside risks [2]. ECB's Future Policy Stance - The ECB has not provided any signals regarding future policy direction, emphasizing that decisions will be based on the latest data without pre-committing to specific paths [1][3]. - ECB President Lagarde has stated that while the current economic conditions are favorable, the possibility of future rate cuts cannot be ruled out, indicating a readiness to respond to changing circumstances [3].