Odaily星球日报讯 欧洲央行执行理事会成员 Piero Cipollone 称，欧洲央行的利率决策不应忽视解除过去的资产购买计划对货币政策的紧缩效应。这位意大利官员在 MNI 组织的一场活动上表示，虽然政策利率仍然是调整欧洲央行立场的主要工具，但量化紧缩在影响金融和融资环境方面的作用——通过收益率曲线或银行贷款——也应该予以考虑。

欧洲央行执行理事会成员Cipollone：降息应将量化紧缩考虑在内

Odaily Odaily reported that Piero Cipollone, a member of the ECB&#39;s Executive Board, said that the ECB&#39;s interest rate decisions should not ignore the tightening effect of unwinding past asset purchase programs on monetary policy. The Italian official said at an event organized by MNI that while the policy interest rate remains the main tool for adjusting the ECB&#39;s stance, the role of quantitative tightening in influencing the financial and financing environment - through the yield curve or bank lending - should also be taken into account.

ECB Executive Board member Cipollone: Rate cuts should take quantitative tightening into account

Odaily reports that more and more forecasters in the Eurozone expect that after the European Central Bank suspends rate hikes, it will resume rate cuts in 2026, with interest rates falling below 2%. Data shows that the market generally expects the ECB officials to further cut rates in March 2026. Although policymakers have become more confident in achieving the 2% inflation target, the threat of US President Trump to impose US tariffs has cast a shadow over the economic outlook. Businesses and households also face the problem of a lack of political direction in France and Germany, whose sluggish economies have been dragging down the development of the entire region. James, head of global macro strategy at Scotiabank, said: "The ECB can cut rates steadily while avoiding an inflation outbreak. But the impact of the Trump trade war on the EU will be more significant than on countries like the UK, meaning the ECB needs to cut its policy rate below neutral."

TD Securities: ECB needs to cut its policy rate below neutral

Odaily Odaily News reports that Federal Reserve Governor Bowman said that before cutting interest rates again, there needs to be stronger confidence in the decline in inflation. It is expected that inflation will decline, but upside risks still exist, and patiently waiting for interest rate cuts will help to better understand the impact of government policies. (<金十>)

Fed Governor Bowman: Before cutting interest rates again, we need to have stronger confidence in falling inflation

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It's time to go cross margin on ETH, Vitalik wins by waiting for the corpses of his opponents to float by.
Zhu Su is hinting at something.
We know that as the second-largest cryptocurrency by market cap, the price of ETH has been relatively sluggish in this bull market, and the Ethereum Foundation (EF) has also been...