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欧央行声明全文:按兵不动 未来政策悬而未决
Jin Shi Shu Ju· 2025-07-24 13:09
Core Points - The European Central Bank (ECB) decided to maintain the deposit facility rate at 2%, the main refinancing rate at 2.15%, and the marginal lending rate at 2.40%, aligning with market expectations [1][2] - Following the decision, traders maintained their bets on ECB rates, anticipating a further rate cut of 22 basis points by 2025 [1] - The ECB is committed to ensuring inflation stabilizes at the medium-term target of 2%, with monetary policy decisions to be made based on data assessments [1] Interest Rate Policy - The deposit facility rate, main refinancing rate, and marginal lending rate remain unchanged at 2.00%, 2.15%, and 2.40% respectively [2] Asset Purchase Programs - The Asset Purchase Program (APP) and Pandemic Emergency Purchase Program (PEPP) portfolios are being reduced at a steady and predictable pace, with no reinvestment of principal from maturing securities [3] - The ECB is prepared to adjust all policy tools to ensure inflation stability at the 2% target and maintain the smooth functioning of monetary policy transmission [3] - The Transmission Protection Instrument is available to address unreasonable and chaotic market dynamics that threaten effective monetary policy transmission across Eurozone countries [3]
一年内第八次降息,欧央行下调关键利率
Sou Hu Cai Jing· 2025-06-05 13:40
Group 1 - The European Central Bank (ECB) announced a 25 basis point cut in key interest rates, bringing the deposit facility rate to 2.00%, the main refinancing rate to 2.15%, and the marginal lending rate to 2.40%, aligning with market expectations [1] - This marks the fourth rate cut in 2023 and the eighth since the current easing cycle began in June 2024, reflecting ongoing economic challenges in the Eurozone [1] - The ECB's decision is influenced by weak economic growth and a recent drop in inflation to below the target rate of 2%, providing room for continued accommodative policies [1] Group 2 - The ECB projects Eurozone GDP growth rates of 0.9% for 2025, 1.1% for 2026, and 1.3% for 2027, with CPI growth expected to be 2% in 2025, followed by 1.6% and 2% in 2026 and 2027 respectively [1] - There is increasing market sentiment advocating for a pause in rate cuts, with concerns that trade barriers, a tight labor market, and rising infrastructure and defense spending may elevate inflation expectations in the medium term [1] - Following the rate decision, the euro experienced volatility against the dollar, initially rising before retreating, indicating market uncertainty [2]