Group 1 - The core viewpoint is that the differences in interest rate paths among officials reflect the diversity of economic forecasts, including inflation [1]

瑞典央行行长特登：我们对于利率路径没有任何承诺，这只是我们的最佳预估。 ...

Group 1 - The Bank of Japan unanimously decided to maintain interest rates, with future rate hikes dependent on the likelihood of achieving economic expectations [1] - The Japanese economy is showing moderate recovery, although some signs of weakness remain, with downward risks to both the economy and prices being more severe [1] - Inflation expectations in Japan have not stabilized at the 2% target level, with core inflation not rising at an accelerated pace [1] Group 2 - The Bank of Japan plans to reduce monthly government bond purchases, with a target of 325 billion yen for 3-5 year bonds from July to September, down from 275 billion yen previously [2] - By March 2027, the total amount of government bonds held by the Bank of Japan is expected to decrease by approximately 16-17% from the levels in June 2024 [2] - A new bond purchase plan will be announced in June next year for the period starting April 2027 [2]

投资咨询业务资格：证监许可【2012】669号 中信期货研究|贵⾦属策略⽇报 2025-6-11 中美经贸磋商继续，黄金持稳 中美经贸磋商机制首次会议将继续进行，市场静待美国CPI数据， 黄金持稳。 重点资讯： 1）美国商务部长卢特尼克(Howard Lutnick)告诉记者，正在伦敦举 行的美中贸易会谈进展良好，预计将持续至周二全天。 2）加州官员周一指责美国总统特朗普动用国民警卫队加剧了洛杉矶 本已紧张的局势，而白宫则认为，此次暴力示威活动证明有必要加大 驱逐非法移民的力度。 持续的美中贸易谈判是当前市场关注的绝对焦点，其结果将极大影响 美元走势和投资者避险情绪，进而左右金价。同时，中国最新公布的 5月对美出口数据创疫情以来最大跌幅（-35%），凸显了贸易环境的 变化。市场密切关注谈判进展是否能真正缓解紧张关系并促进全球经 济增长，且等待周三美国CPI通胀数据对未来利率路径的指引。 展望：周度COMEX黄金关注【3200,3450】，周度COMEX白银关注【32, 35】。 风险提示：中美贸易谈判，特朗普政策超预期 宏观研究团队 研究员： 朱善颖 从业资格号 F03138401 投资咨询号 Z002142 ...

欧洲央行管委Rehn：欧洲央行不会对任何利率路径预先承诺。 每次会议上的决策仍然至关重要。 ...

欧洲央行行长拉加德：根据目前的利率路径，我们处于有利地位。 ...

欧洲央行：未提前承诺特定的利率路径。 ...

Group 1 - The market widely expects the European Central Bank (ECB) to cut interest rates by 25 basis points [1] - Attention is on the ECB's forecasts for inflation and the economy, with expectations that the ECB will lower its inflation forecast for the Eurozone [1] - Focus is also on the ECB's views regarding the future path of interest rates, particularly whether the ECB will indicate an openness to further rate cuts later this year [1] Group 2 - The ECB's perspectives on trade wars, oil prices, and exchange rates are also of interest [1] - The ECB will announce its interest rate decision at 20:15 Beijing time, followed by a press conference by President Lagarde at 20:45 [1]

利率路径仍然是下行的，但下行的幅度和速度更加不确定。 英国央行行长贝利：不会对六月份的利率决策做出任何预测。 ...

贸易动荡影响的不确定性上升。 新西兰联储在应对全球形势发展方面处于有利位置。 新西兰联储助理主席Silk：新西兰联储需要更多时间来决定利率路径。 ...