Minutes of the European Central Bank Meeting: Policymakers are Open to Further Interest Rate hikes
楚一帆
发表于 2023-11-24 12:28:48
281
0
0
On Thursday (November 23) local time, the European Central Bank released the minutes of its meeting from October 25th to 26th. Decision makers unanimously believe that if necessary, they should raise interest rates again.
At last month's interest rate meeting, the European Central Bank held interest rates unchanged, marking the first time in more than a year that it has suspended interest rate hikes. Since the start of the interest rate hike process in July last year, the European Central Bank has raised interest rates by a total of 450 basis points, with the main refinancing rate, marginal lending rate, and deposit mechanism rate raised to 4.50%, 4.75%, and 4.00%, respectively.
The minutes of the meeting stated: "Even if interest rates remain unchanged at this meeting, people still believe that the management committee should be prepared on the basis of continuous evaluation and further raise interest rates if necessary, even if this is not part of the current benchmark scenario
The minutes of the meeting showed that participants pointed out that the management committee must persevere and remain vigilant. Perseverance is the key to reducing inflation to 2% in the medium term. And vigilance means that although the management committee must assert the effectiveness of its measures and acknowledge the progress made, given that inflation may face new challenges before returning to target levels, overconfidence and complacency must be avoided.
ECB officials believe that overall, the process of anti inflation seems to be proceeding largely as expected, reflecting not only the weakening impact of external factors that previously drove up inflation, but also the impact of monetary policy.
The meeting minutes stated that although economic growth was weaker than expected, partly due to the concretization of downside risks, overall inflation has developed as expected.
The final data released by the Eurostat last week showed that the year-on-year growth rate of CPI in the eurozone in October significantly decreased to 2.9%, the lowest level in two years.
The meeting minutes show that most participants believe that they have taken sufficient measures to curb inflation in the coming years. However, some policymakers point out that inflation remains high, and long-term inflation forecasts seem to be still higher than the European Central Bank's target.
When it comes to evaluating the transmission of monetary policy, decision-makers generally believe that the intensity of transmission is greater than expected in September. They emphasized that a significant portion of the interest rate transmission has not yet been completed and may suppress economic activity and inflation during the forecast period.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- MINISO Promotes Globalization and Deepens Layout Goal: Thousands of European Stores in Five Years
- SAIC submits defense opinions, Extreme Krypton plans European production, Chinese new energy vehicle companies continue to expand their overseas potential
- Tesla is taking measures to introduce Semi electric semi-trailer trucks to Europe
- Europe is in urgent need! A new round of monkeypox epidemic is coming with great momentum! The most aggressive concept stock suddenly surged 110%!
- TSMC's first European factory breaks ground, with nearly half of the billion euros invested coming from financial subsidies
- Dutch regulatory authorities fine 290 million euros for transferring European driver data to Uber in the United States
- Airbus is the winner! European airline giant announces: no longer using Boeing aircraft! Boeing only received 156 aircraft orders in the first half of the year
- The 'Apple Tax', which has been significantly reduced in Europe, is still charged at the highest level in China
- Denying the acquisition of Audi's European factory and the "low-priced" listing of the second brand, Li Bin: Ledao L60 has "exploded orders"
- Swiss central bank announces interest rate cut! Europe sets off a storm of interest rate cuts
-
9月が終わり、映画・テレビ業界が暗躍している。最近、愛奇芸の創始者でCEOのGONG宇氏は、映画・テレビ業界が長短の変化、AIの変化、中国映画・テレビドラマの海外進出の変化の3つの変化を経験していると発表した。 ...
- 寒郁轩良
- 前天 14:17
- 支持
- 反对
- 回复
- 收藏
-
10月1日、理想自動車が9月に納入したデータによると、9月に理想自動車が新車53709台を納入し、前年同月比48.9%増となった。 今年第3四半期、理想自動車は前年同期比45.4%増の152831台を納入した。今年9月30日現在、 ...
- 就放荡不羁就h
- 10 小时前
- 支持
- 反对
- 回复
- 收藏
-
ネットワーク状況監視サイトDownDetectorによると、オーディオストリーミングプラットフォームSpotifyは日曜日に約3時間にわたる障害を経験した後、正常に回復し、ピーク時には米国の4万人以上のユーザーに影響を与 ...
- hecgdge4
- 前天 09:33
- 支持
- 反对
- 回复
- 收藏
-
10月1日、極クリプトン自動車が発表したデータによると、今年第3四半期に新車が累計14万2900台納入され、前年同期比81%増となった。このうち、9月に新車を納入したのは2万13万人で、前年同期比77%、前月比18%増だっ ...
- 内托体头
- 昨天 16:17
- 支持
- 反对
- 回复
- 收藏