European Central Bank committee: Eurozone inflation stable, supporting expectations of interest rate cuts

Jinshi data, December 17 news, European Central Bank committee member Lane said on Tuesday that the euro area inflation rate has stabilized significantly at the European Central Bank’s target of 2%, which helps lay the foundation for further interest rate cuts. “Our monetary policy direction is now clear, and the speed and scale of interest rate cuts will be decided at each meeting based on the data obtained and comprehensive analysis,” he added, pointing out that the uncertainty of trade policy is putting pressure on the near-term economic outlook, with risks tilted to the downside. However, Europe must be prepared to face trade conflicts with the United States. Lane said, “Negotiation is desirable, and if the United States threatens Europe with higher tariffs, the European Union can pre-emptively indicate its readiness to take countermeasures, thereby strengthening the EU’s negotiating position.”