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2025-10-30 23:03:08
[Key Points of the ECB Interest Rate Decision] (1) The ECB kept the deposit facility rate unchanged at 2%, in line with market expectations, marking the third consecutive meeting without change. The decision was unanimously approved by the Governing Council. (2) The assessment of the inflation outlook remained largely unchanged, firmly committed to maintaining the 2% target for medium-term stability; despite escalating external challenges, the economy continued to grow. Trade and geopolitical stability mitigated some downside risks, but manufacturing was dragged down by high tariffs and the appreciation of the euro. (3) The current policy of relying on data and making decisions on a meeting-by-meeting basis is well-positioned; core inflation met expectations, but uncertainty about the outlook has increased, and medium-term defense spending may push up inflation. (4) The ECB will closely monitor the impact of AI on the labor market. Following the decision, Eurozone government bond yields remained stable, with the 10-year German bond yield rising 4 basis points to 2.65%, and the euro rebounding slightly.
