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欧洲央行副行长看好经济复苏 市场预期10月降息可能性高达90%

European Central Bank Vice President bullish on economic recovery, market expects a 90% possibility of interest rate cut in October.

Zhitong Finance ·  Oct 2 04:59

In his speech in Riga, European Central Bank Vice President Luis de Guindos expressed optimism about the economic recovery of the eurozone, although he acknowledged that risks still exist.

According to the Securities Times app, European Central Bank Vice President Luis de Guindos expressed optimism about the economic recovery of the eurozone in his speech in Riga, although he acknowledged that risks still exist. He pointed out that although economic risks in the eurozone tend to be downward for the 20 countries, the economic recovery is expected to strengthen over time, especially when actual income increases and the restrictive monetary policy effects fade, consumer and investment will be supported. In addition, with the recovery of global demand, exports are also expected to continue to drive economic recovery.

De Guindos did not mention monetary policy in his speech, but his comments are consistent with the economic assessment of the European Central Bank last month, when the market generally expected that slowing economic growth and further slowdown in inflation would prompt the ECB to accelerate its pace of rate cuts. The currency market currently expects that the ECB is highly likely to cut rates for the third time this year within two weeks.

European Central Bank President Lagarde stated on Monday that officials are increasingly confident that consumer price inflation will timely slow to the 2% target, and this expectation will be reflected at the next meeting on October 16th to 17th. Data on Tuesday showed that the inflation rate in the eurozone for the 20 countries in September fell below the target for the first time since 2021.

However, European Central Bank Governing Council member Martinez Casado warned in an interview that some investors and economists may be too optimistic about expectations of loose policies. De Guindos also emphasized that the recovery of the European economy should be based on the expected recovery of productivity growth, which has been particularly weak since the outbreak of the pandemic.

Overall, despite the uncertainty, officials at the European Central Bank hold a cautious and optimistic attitude towards the economic recovery of the eurozone, and expect faster growth as restrictive policies are gradually lifted and global demand recovers. At the same time, they are also closely monitoring the trends in inflation and productivity to guide future monetary policy decisions.

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