波兰央行行长："利率调整"并不意味着宽松周期的开始。 ...

Group 1 - The Federal Reserve has maintained interest rates at 4.25% to 4.50% for the third consecutive time, indicating a significant shift in its stance [1][2] - The Fed's statement acknowledges an increased risk of rising inflation and unemployment rates, marking a rare admission of current economic challenges [2][3] - The Fed's reluctance to adjust interest rates suggests a defensive strategy, indicating concerns about potential market instability [4][6] Group 2 - In contrast to the Fed's indecision, domestic authorities have proactively lowered interest rates to stabilize the currency, demonstrating a more decisive approach [7][8] - The market's resilience is attributed to these preemptive measures, despite skepticism from some observers regarding the effectiveness of such actions [9] - The overall market direction appears positive, but volatility and cautious institutional behavior may lead to prolonged periods of stagnation, affecting retail investors' confidence [11]

英国央行货币政策委员丁格拉和泰勒投票支持将利率下调0.5个百分点至4.0%。 ...

英国央行降息25个基点，投票显示出分歧 金十数据5月8日讯，在美联储决定维持利率不变的一天后，英国央行下调了利率，突显出美联储与全球 其他央行在应对特朗普关税方面的分歧越来越大。英国央行货币政策委员会周四将利率从4.5%下调至 4.25%，这是该行七次会议以来的第四次降息。此举将使其借款成本的总体降幅与美国持平。虽然英国 央行比欧洲其他央行更谨慎地放松政策，但如果关税对经济增长的打击比预期更严重，它为采取更激进 的举措扫清了道路。英国央行在一份声明中表示："委员会将对经济环境的不可预测性增强保持敏感。" 两位政策制定者支持更大幅度降息，认为英国央行需要迅速采取行动支持经济，并确保通胀不会低于目 标水平。然而，在货币政策委员会的9名成员中，有2人投票决定维持关键利率不变，这表明就业市场依 然强劲，而且家庭对未来物价上涨的预期更高。 ...

Core Viewpoint - The current inflation situation is favorable, allowing the Federal Reserve to maintain a cautious approach to interest rate adjustments, with no immediate need to change rates [1][10]. Inflation Situation and Rate Adjustment - The potential inflation outlook is positive, indicating stable price levels and a healthy economic trajectory, which provides the Federal Reserve with more policy flexibility [3]. - The Federal Reserve does not need to rush into interest rate adjustments, as the costs of waiting are relatively low, reflecting a balanced approach to economic growth and inflation risks [4]. Cautious Attitude Towards Rate Cuts - There is uncertainty regarding rate cuts, with the Federal Reserve acknowledging that in some cases, cutting rates this year may be appropriate, while in others, it may not be [5]. - The Federal Reserve emphasizes the need for flexibility in policy adjustments based on economic data and market changes, rather than committing to a specific interest rate path [5]. Consideration of Dual Mandate - The Federal Reserve must consider the distance between its dual mandates of price stability and maximum employment, especially when these goals conflict [6]. - Balancing these two objectives is crucial in the decision-making process, highlighting the importance of coordination between them [6]. Flexibility in Policy Adjustments - The Federal Reserve is prepared to act swiftly if the situation warrants, demonstrating its adaptability and responsiveness to economic developments [7]. - Close monitoring of economic data and market dynamics will guide timely policy adjustments to ensure stability and sustainable growth [7]. Management of Market Expectations - The Federal Reserve's communication reflects an intention to manage market expectations by emphasizing the flexibility and uncertainty of policy adjustments [8]. - This approach aims to stabilize market confidence and promote smooth economic operations [8].

【资讯导读】 ·中国的外汇储备达到32817亿美元 ·美联储保持利率不变鲍威尔：无需急于降息 ·印尼央行宣布将继续参与外汇市场的操作 ·巴西央行将基准利率上调50个基点至14.75% 【市场资讯】 ·根据国家外汇管理局最新数据，截至2025年4月底，中国的外汇储备达到了32817亿美元，相比3月底增 加了410亿美元，增幅为1.27%。这是连续第17个月外汇储备稳定在3.2万亿美元以上。 ·美联储维持联邦基金利率目标区间于4.25%-4.5%，未作调整。联邦公开市场委员会（FOMC）声明指 出，经济前景的不确定性增加，失业率和通胀面临上升风险。美联储主席鲍威尔强调，鉴于当前情况， 美联储无需急于降息，并明确表示外部压力如特朗普的言论不会影响其决策独立性。 ·美国副总统万斯透露，美欧之间的谈判正在进行，旨在促进欧洲市场对美国商品更加开放。尽管双方 关系在某些领域出现了分歧，但万斯呼吁加强合作以恢复正常轨道。 ·道琼斯工业平均指数上涨284.97点，报41113.97点。纳斯达克综合指数上涨48.50点，报17738.16点。纳 斯达克100指数上涨76.63点，报19867.97点。 ·COMEX黄金期货下跌1 ...

中金：央行降息，后续银行存款利率也有可能随之调降 金十数据5月8日讯，中金研报称，本次人行降息是一次利率中枢的普降，一是7天逆回购利率下调10bp 到1.4%；同时央行预计这将带动贷款市场报价利率（LPR）随之下行0.1个百分点。截至2025年3月，人 民币贷款余额是265万亿元，降低0.1个百分点的利率节省实体经济付息成本2650亿元左右。二是降低所 有结构性货币政策工具利率0.25个百分点。三是降低个人住房公积金贷款利率0.25个百分点。随着利率 中枢的普遍调整，接下来需要观察银行存款利率是否也会继续调整。 ...

特朗普经济顾问Miran：特朗普总统呼吁利率调整的记录值得关注。 ...

Core Viewpoint - The two-year U.S. Treasury yield experienced a V-shaped reversal, rising above 3.8% after Federal Reserve Chairman Jerome Powell stated that there is "no need to rush to adjust interest rates" [1] Summary by Relevant Sections - **Market Reaction**: The yield initially dropped to a daily low of 3.7538% following the Federal Reserve's decision to maintain current interest rates, indicating a volatile market response to the Fed's announcements [1]