智通财经网·2025-10-31 12:34Core Viewpoint - The European Central Bank (ECB) has decided to maintain interest rates at 2%, indicating a stable policy stance amid economic resilience in the Eurozone, with no expected rate cuts in December as previously anticipated by Barclays and Bank of America [1][2] Group 1: ECB's Current Policy - The ECB has kept the key deposit rate unchanged for the third consecutive time, with the last rate cut occurring in June [1] - The ECB stated that the current policy is in a "good state" as economic risks diminish and the Eurozone shows resilience in the face of uncertainty [1] - Preliminary growth data for the Eurozone indicated a 0.2% quarter-on-quarter growth in Q3, which exceeded expectations and reinforced the ECB's decision to maintain rates [1] Group 2: Market Expectations - Barclays and Bank of America have revised their forecasts, no longer expecting a 25 basis point rate cut in December, with Barclays projecting rates to remain unchanged until the end of 2026, while Bank of America anticipates a cut in March 2024 [1] - The consensus in the market suggests that the likelihood of an ECB rate cut in December is extremely low, nearly zero [2] - Multiple institutions, including Goldman Sachs and UBS Global Wealth Management, have reiterated their expectations that the ECB will keep rates unchanged in the foreseeable future [1]