刚刚宣布，不降息！

Core Viewpoint - The European Central Bank (ECB) has decided to pause interest rate cuts, maintaining the deposit facility rate at 2%, which aligns with market expectations. This decision is primarily driven by easing inflation pressures and a recovery in economic growth within the Eurozone [2][4][7]. Group 1: ECB's Decision and Economic Indicators - The ECB's decision to keep the deposit facility rate at 2.00%, the main refinancing rate at 2.15%, and the marginal lending rate at 2.40% reflects a stable inflation outlook and economic growth [4]. - Recent data indicates that inflation pressures in the Eurozone are easing, with consumer inflation expectations stabilizing. The median expectation for inflation over the next 12 months decreased from 2.8% in August to 2.7% in September [7]. - The Eurozone's inflation rate for September was reported at 2.2%, slightly above the ECB's target of 2%, but still considered moderate by economists [7]. Group 2: Economic Growth and Market Reactions - Economic indicators show that the Eurozone is regaining growth momentum, with the composite PMI index rising from 51.2 in September to 52.2 in October, marking the highest level in 17 months [8]. - The ECB's statement emphasizes that its decisions will be based on inflation forecasts and risks, with a readiness to adjust all tools as necessary [4][5]. - Following the ECB's announcement, the Euro experienced a short-term rally, with the Euro to USD exchange rate showing a reduced decline [4]. Group 3: Future Outlook - Analysts suggest that the ECB is likely to maintain a wait-and-see approach in the coming months, with a 50% probability of another rate cut within the next 12 months [8]. - Surveys indicate that the ECB may keep borrowing costs stable at around 2% until 2027, although some dissenting opinions suggest the possibility of resuming rate cuts next year [8].