European Central Bank Cuts Key Interest Rates As Inflation Cools
European Central Bank Cuts Key Interest Rates As Inflation Cools
These rates were previously cut by 25 basis points during the June meeting.On Thursday, the European Central Bank (ECB) lowered interest rates by 25 basis points, a largely anticipated move.
周四，欧洲央行（ECB）将利率下调了25个基点，这一举动在很大程度上是预料之中的。
"Based on the Governing Council's updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to take another step in moderating the degree of monetary policy restriction," the bank writes.
该银行写道：“根据管理委员会对通货膨胀前景、潜在通货膨胀动态和货币政策传导力度的最新评估，现在应该在缓和货币政策限制程度方面再迈出一步。”
The new interest rates are set at 3.50% for the deposit facility, compared to 3.75% last month, the refinancing rate at 3.65%, down from 4.25%, and the marginal lending rate at 3.90%, down from 4.5%.
存款便利的新利率定为3.50％，而上个月为3.75％，再融资利率为3.65％，低于4.25％，边际贷款利率为3.90％，低于4.5％。
These rates were previously cut by 25 basis points during the June meeting.
此前，这些利率在6月的会议上下调了25个基点。
Recent inflation data have largely met expectations, with the latest ECB staff projections aligning with previous forecasts. Headline inflation is anticipated to average 2.5% in 2024, 2.2% in 2025, and 1.9% in 2026, consistent with June's projections.
最近的通胀数据基本符合预期，最新的欧洲央行工作人员预测与先前的预测一致。与6月份的预测一致，预计2024年的总体通货膨胀率为2.5％，2025年为2.2％，2026年为1.9％。
Inflation is projected to rise again later this year, partly due to the fading impact of sharp energy price declines. However, it should trend downward toward the ECB's target in the second half of 2024.
预计今年晚些时候通货膨胀率将再次上升，部分原因是能源价格急剧下跌的影响逐渐减弱。但是，在2024年下半年，它应该会朝着欧洲央行的目标向下移动。
Core inflation projections for 2024 and 2025 have been slightly revised upward due to stronger-than-expected services inflation.
由于服务业通胀强于预期，2024年和2025年的核心通胀预测略有上调。
Nonetheless, a swift decline in core inflation is still expected, falling from 2.9% this year to 2.3% in 2025 and 2.0% in 2026.
尽管如此，预计核心通货膨胀率仍将迅速下降，从今年的2.9％下降到2025年的2.3％和2026年的2.0％。
The Governing Council is determined to ensure that inflation returns to its 2% medium-term target in a timely manner.
理事会决心确保通货膨胀率及时恢复到2％的中期目标。
The ECB staff forecasts the economy to grow by 0.8% in 2024, with an increase to 1.3% in 2025 and 1.5% in 2026. These figures represent a slight downward adjustment from the June estimates, primarily due to weaker domestic demand expected in the coming quarters.
欧洲央行的工作人员预测，2024年经济将增长0.8％，2025年增长至1.3％，2026年增长1.5％。这些数字与6月份的估计值相比略有向下调整，这主要是由于预计未来几个季度的国内需求将疲软。
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Photo by olrat via Shutterstock
照片由 olrat 通过 Shutterstock 拍摄
