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2025-11-03 21:59:18
[ECB's Koch Signals Wait-and-See Approach; Internal Divergence Remains Regarding December Rate Cut] ⑴ ECB policymaker Koch said on Monday that the central bank is currently in a "comfortable" position with relatively stable inflation expectations, but emphasized that economic risks remain high. ⑵ He clearly stated that the next direction of interest rates is still unclear, and the best strategy before the December rate decision is to remain patient and observe the evolution of subsequent economic data. ⑶ Koch revealed significant divisions within the Governing Council, with some members believing there is still room for a rate cut in December, while others believe the current rate-cutting cycle has ended. ⑷ He personally prefers to maintain a neutral stance, stating that "we are in a very neutral position on interest rates," suggesting a possible hold-back in the short term. ⑸ This statement indicates that the ECB is seeking a balance between inflation control and economic growth, and the outlook for the December meeting still depends on the performance of key data in the coming weeks.
