Live Updates > Live Update Details
2025-10-28 19:26:28
[Trade and exchange rate concerns haven't shaken the ECB's on-hold stance yet] ⑴ The chief economist of Germany's KfW Bank noted that trade conflicts and a stronger euro haven't posed sufficiently serious risks yet, and the ECB is expected to maintain its key interest rate at 2% this week. ⑵ Despite the uncertainty created by the US-EU trade dispute, there are currently no signs of a significant economic recession or inflationary impact. The appreciation of the euro against the US dollar and the weakness of the RMB will jointly suppress price pressures going forward. ⑶ Services inflation remains stubbornly at 3%, indicating that inflation dynamics have yet to fully normalize. This structural factor will continue to influence the ECB's decision-making path. ⑷ The market generally expects the ECB to keep interest rates unchanged on Thursday, but policymakers need more time to observe the specific transmission of external risks to the real economy.
