Core Viewpoint - The European Central Bank (ECB) is not considering further interest rate cuts at this time due to persistent core inflation above the target level of 2% [1][2] Group 1: Interest Rate Decisions - ECB member Martins Kazaks stated that discussions about lowering interest rates are premature as inflation remains a concern [1] - The ECB has already reduced the policy interest rate by half this year, but rates have remained unchanged since then [1] - The upcoming ECB meeting on December 18 will provide updated inflation forecasts for the next three years, which will be crucial for future monetary policy decisions [1] Group 2: Inflation Forecasts - According to the ECB's latest predictions, inflation is expected to be 1.7% in 2026 and rise to 1.9% in 2027 [1] - Kazaks emphasized the importance of focusing on the 2026 and 2027 inflation data, as monetary policy effects typically take one to two years to materialize [1] Group 3: Risks to Inflation - Kazaks acknowledged that the potential delay in the implementation of the EU carbon emissions trading system (ETS2) could help moderate inflation [2] - He highlighted that while certain downward risks to inflation are becoming clearer, such as policy adjustments and increased imports from China, upward risks like trade fragmentation should not be overlooked [2]
欧洲央行管委Kazaks：通胀风险犹存 讨论降息“为时尚早”
智通财经网·2025-11-27 13:19