European Central Bank Cuts Key Interest Rates As Inflation Cools
European Central Bank Cuts Key Interest Rates As Inflation Cools
On Thursday, the European Central Bank (ECB) lowered interest rates by 25 basis points, a largely anticipated move.
週四，歐洲央行（ECB）將利率下調了25個點子，這一舉動在很大程度上是預料之中的。
"Based on the Governing Council's updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to take another step in moderating the degree of monetary policy restriction," the bank writes.
該銀行寫道：「根據管理委員會對通貨膨脹前景、潛在通貨膨脹動態和貨幣政策傳導力度的最新評估，現在應該在緩和貨幣政策限制程度方面再邁出一步。」
The new interest rates are set at 3.50% for the deposit facility, compared to 3.75% last month, the refinancing rate at 3.65%, down from 4.25%, and the marginal lending rate at 3.90%, down from 4.5%.
存款便利的新利率定爲3.50％，而上個月爲3.75％，再融資利率爲3.65％，低於4.25％，邊際貸款利率爲3.90％，低於4.5％。
These rates were previously cut by 25 basis points during the June meeting.
此前，這些利率在6月的會議上下調了25個點子。
Recent inflation data have largely met expectations, with the latest ECB staff projections aligning with previous forecasts. Headline inflation is anticipated to average 2.5% in 2024, 2.2% in 2025, and 1.9% in 2026, consistent with June's projections.
最近的通脹數據基本符合預期，最新的歐洲央行工作人員預測與先前的預測一致。與6月份的預測一致，預計2024年的總體通貨膨脹率爲2.5％，2025年爲2.2％，2026年爲1.9％。
Inflation is projected to rise again later this year, partly due to the fading impact of sharp energy price declines. However, it should trend downward toward the ECB's target in the second half of 2024.
預計今年晚些時候通貨膨脹率將再次上升，部分原因是能源價格急劇下跌的影響逐漸減弱。但是，在2024年下半年，它應該會朝着歐洲央行的目標向下移動。
Core inflation projections for 2024 and 2025 have been slightly revised upward due to stronger-than-expected services inflation.
由於服務業通脹強於預期，2024年和2025年的核心通脹預測略有上調。
Nonetheless, a swift decline in core inflation is still expected, falling from 2.9% this year to 2.3% in 2025 and 2.0% in 2026.
儘管如此，預計核心通貨膨脹率仍將迅速下降，從今年的2.9％下降到2025年的2.3％和2026年的2.0％。
The Governing Council is determined to ensure that inflation returns to its 2% medium-term target in a timely manner.
理事會決心確保通貨膨脹率及時恢復到2％的中期目標。
The ECB staff forecasts the economy to grow by 0.8% in 2024, with an increase to 1.3% in 2025 and 1.5% in 2026. These figures represent a slight downward adjustment from the June estimates, primarily due to weaker domestic demand expected in the coming quarters.
歐洲央行的工作人員預測，2024年經濟將增長0.8％，2025年增長至1.3％，2026年增長1.5％。這些數字與6月份的估計值相比略有向下調整，這主要是由於預計未來幾個季度的國內需求將疲軟。
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Photo by olrat via Shutterstock
照片由 olrat 通過 Shutterstock 拍攝
譯文內容由第三人軟體翻譯。