欧洲央行关注欧元汇率 但多名官员表示无需警觉

Core Viewpoint - The European Central Bank (ECB) is monitoring the recent rise of the euro, but officials, including Yannis Stournaras, believe there is no need for alarm as the euro's performance has been factored into the ECB's forecasts [1][3]. Group 1: Euro Performance - Stournaras emphasized that the euro's strong performance since March 2025 has been included in the ECB's predictions, and the euro to dollar exchange rate remains within historical trading ranges [1][3]. - Francois Villeroy de Galhau noted that the recent fluctuations of the dollar have stabilized, with the euro trading around 1.18 dollars, which coincidentally aligns with the historical average since the euro's inception [1][3]. - Martins Kazaks pointed out that the euro has been fluctuating within a relatively narrow range in recent months, and these movements have been incorporated into the ECB's baseline scenario [1][3]. Group 2: Inflation and Economic Outlook - Stournaras believes that the risks related to inflation and economic growth are broadly balanced, expressing confidence among officials [2][5]. - He stated that there is no perceived need to change the current policy direction, emphasizing a data-driven approach that has proven effective so far [3][6]. Group 3: Potential Risks - Kazaks warned that a significant and rapid appreciation of the euro could lower inflation expectations, potentially triggering a policy response from the ECB [4].