同时，维勒鲁瓦强调，欧洲央行不应预先承诺特定的加息步伐，未来降息的程度和幅度尚不确定。此外，他还表示欧元区强劲的工资数据符合欧洲央行的预期，已在先前的预测中考虑到了这一点。Although Trump's return to the White House may raise concerns about trade taxes, this will not affect the ECB's easing program.
The Zhitong Finance App learned that ECB Management Committee member and Bank of France Governor François Villeroy de Gallo said that although Trump's return to the White House may raise concerns about trade tax collection, this will not affect the ECB's easing plan.
He pointed out that the tariffs that may be imposed by the US are not expected to significantly change Europe's inflation prospects, while the risk of price increases and growth in Europe is turning downward. As a result, the ECB decided to cut deposit interest rates by 25 basis points to 3.25% on October 17, and stated that this will not be the last time they cut interest rates.
At the same time, Villeroy stressed that the ECB should not promise a specific pace of interest rate hikes in advance, and the extent and extent of future interest rate cuts is uncertain. Furthermore, he said that strong wage data in the Eurozone is in line with the ECB's expectations, which has been taken into account in previous forecasts.
Villeroy detailed the ECB's position at the meeting. He mentioned that after Trump returned to the White House, policymakers debated how a more fragmented global economy would affect their plans to restore price stability and achieve the 2% inflation target.
However, he believes that the trade tax that the US may levy will not have a significant impact on Europe's inflation prospects. Instead, he emphasized that Europe is facing the challenge of rising prices and a downward shift in growth risks.
Based on this assessment, the ECB made a decision to cut interest rates on October 17. Villeroy said that this is the third time that the ECB has cut interest rates, and it won't be the last time. He reiterated the ECB's determination to continue reducing the degree of monetary policy restrictions, but emphasized that the pace should be determined by agile pragmatism and maintain the right to choose the upcoming meeting.
Furthermore, Villeroy also responded to concerns about Eurozone wage data. He pointed out that the Eurozone's strong wage data released on Wednesday was in line with the ECB's expectations, and this was taken into account in the September forecast. He stressed that the latest increase in wage negotiations in the third quarter was mainly affected by the lagging effect of Germany's past negotiations, which is a slightly backward indicator.
Overall, Villeroy's speech showed the ECB's firm position and flexible response in the face of global economic uncertainty. Despite concerns that Trump's return to the White House may raise trade taxes, the ECB will continue to move forward in accordance with the established easing plan and adjust monetary policy flexibly according to changes in the economic situation.
