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週四,歐洲中央銀行將利率從3.75%下調至3.50%,理由是通脹和經濟形勢的緩和使其能夠略微放鬆政策立場。這是三個月內的第二次降息,標誌着在去年因應幾十年來最高通脹水平而大幅加息後的政策逐步正常化。

(歐洲央行利率決議,來源:Investing.com)
根據歐洲央行的說法,基於管理委員會對通脹前景、潛在通脹趨勢以及貨幣政策傳導效果的更新評估,現在適宜採取進一步放鬆貨幣政策限制的措施。央行並未明確表示10月份會進一步降息,但承認國內通脹仍然較高。然而,歐洲央行指出,勞動力成本壓力正在緩解,企業利潤部分抵消了更高工資對通脹的影響。
此外,銀行通過每週拍賣從歐洲央行借款的利率下調幅度更大,從4.25%降至3.65%,這與此前減少使用該工具的處罰決定相一致。而每日現金拍賣利率也從4.50%降至3.90%。貨幣市場預計還會有幾次類似規模的降息,到2025年6月時,存款利率可能降至2.0%至2.25%。

(歐洲央行存款便利利率,來源:Investing.com)
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