Group 1 - The core viewpoint indicates that inflation in major Eurozone economies is slowing down more than expected by December 2025, while economic growth remains stable, confirming that price pressures are gradually dissipating as anticipated by the European Central Bank (ECB) [1] - Germany's December Consumer Price Index (CPI) shows a year-on-year increase of only 1.8%, below the forecast of 2.1%, with a month-on-month change remaining flat, also lower than the expected increase of 0.3% [1] - The harmonized CPI in Germany rose by 2.0% year-on-year, again below the expected 2.2%, with a month-on-month increase of only 0.2%, confirming a rapid easing of price pressures in the Eurozone's largest economy [1] Group 2 - France's December CPI shows a year-on-year increase of 0.8%, the lowest in seven months, slightly below the expected 0.9%, while the harmonized CPI rose by 0.7%, also below the forecast of 0.8% [2] - The slowdown in inflation in France is primarily attributed to a more significant decline in energy prices, particularly for oil products, while food prices saw a slight acceleration in growth to 1.7% [2] - The overall Eurozone inflation data is expected to show a decline to the 2% target level, with economists slightly raising core inflation forecasts due to a more optimistic outlook for GDP growth in 2026 [2] Group 3 - Recent data has led investors to reprice the ECB's interest rate path for 2026, with market expectations for rate hikes significantly cooling, indicating almost zero probability of a rate increase before December 2026 [3] - The combination of easing inflation pressures and slowing growth reinforces market expectations that the ECB will maintain a loose monetary stance for a longer period [3] - ECB Executive Board member Schnabel stated that borrowing costs are likely to remain stable for an extended period unless unexpected shocks occur [3]
【环球财经】欧元区主要经济体通胀下降 欧洲央行加息预期降温
Xin Hua Cai Jing·2026-01-07 03:48