Group 1 - The European Central Bank (ECB) decided to maintain interest rates amid significant economic uncertainty, leading to a sharp sell-off in European bonds and a notable increase in yields [1][2] - Year-to-date, the ECB has cut rates four times, reducing its main deposit tool from 3% in January to 2% in June, down from a record high of 4% last year [1] - The ECB stated that the environment remains "exceptionally uncertain," particularly due to trade disputes, despite the eurozone's annual inflation rate reaching the ECB's target of 2% [1][2] Group 2 - The future of EU-US trade relations remains uncertain, with potential tariffs of 15% on all EU products exported to the US, which could lead to retaliatory measures from the EU [2] - ECB officials have indicated that their efforts to reduce inflation are nearing completion, as they seek a "neutral" interest rate that neither stimulates nor restricts growth [2] - There is speculation that the ECB may consider another rate cut in September if a trade agreement with the US is not reached, to mitigate the economic impact of potential tariffs [2]

英国央行行长贝利：国内物价的反通胀进程和工资压力仍在继续。 ...