智通财经APP注意到，两位欧洲央行政策制定者周二表示，欧元区通胀风险趋于平衡，经济增长比预期 更为强劲，这进一步强化了市场对近期不会再降息的预期。 武伊契奇认为，目前关税对欧洲经济的损害没有此前担心的那么严重，但关税生效前进口前置效应的后 续影响仍在持续显现。 鉴于储蓄率处于历史高位，家庭预计将支撑增长，但武伊契奇承认，欧洲央行难以理解为何消费持续疲 软。 关于中国，他表示欧洲正面临日益激烈的竞争，尤其是在汽车和机械生产等国内企业一直实力雄厚的领 域，这是一个难以解决的结构性问题。 市场认为今年降息的可能性接近零，但仍预计到2026年年中，将2%的存款利率进行最后一次下调的可 能性约为40%。 武伊契奇在伦敦表示："就风险平衡而言，我们处于良好状态。目前，围绕通胀预测的风险是平衡的， 而且……经济增长已被证明比我们年初时想象的更具韧性。" 在关键风险中，武伊契奇强调了中国出口、美国关税以及家庭消费的不可预测性。 欧洲央行自6月以来一直维持利率不变，并表示政策处于"良好状态"，尽管一些利率制定者仍担心通胀 可能回落过度，迫使他们在2026年的某个时候重新放松政策。 然而，欧洲央行执行委员会成员弗兰克.埃尔德森和 ...

Core Viewpoint - The Reserve Bank of Australia continues to believe that inflation risks have become more balanced, while the labor market remains strong [1] Group 1 - The RBA's assessment indicates a shift in the perception of inflation risks, suggesting a more stable outlook [1] - The strength of the labor market is highlighted, indicating robust employment conditions [1]

Group 1 - The Reserve Bank of Australia (RBA) has lowered the benchmark interest rate by 25 basis points to 3.85%, marking a two-year low, in response to increasing global uncertainties [1] - The Australian dollar fell by 0.5%, and yields on three sensitive bonds dropped by 7 basis points as traders increased bets on the RBA easing policy by 2026 [1] - The RBA's cautious stance is influenced by various uncertainties, including geopolitical issues, trade, domestic demand, wages, and corporate pricing behavior [1][2] Group 2 - The RBA anticipates that the final scope of tariffs and other countries' policy responses remain highly uncertain, which could negatively impact global economic activity [2] - Following a significant victory by the center-left government in Australia, there are concerns regarding potential structural deficits and the risk to Australia's AAA credit rating due to proposed expansionary fiscal plans [2] - The RBA's latest quarterly macroeconomic forecast suggests that potential inflation will slow slightly, reaching the midpoint of its 2-3% target range, with a slight easing in the labor market expected [2] Group 3 - The RBA aims to balance slowing price growth while maintaining labor market growth, a strategy that has faced criticism but appears to be effective as core inflation has returned to target levels for the first time in over three years [3] - The RBA has indicated that inflation risks are now balanced, with upward risks diminishing due to anticipated pressures from international developments [3]

澳洲联储 利率决议：维持低且稳定的通胀是首要任务，委员会判断通胀风险已趋于平衡。 ...