European Central Bank President Lagarde: National elections have also led to their own uncertainties.Christiansen, an analyst at Danske Bank: The restrictive hawkish tendency in ECB policy has been eliminated. However, there is no indication that the bank may cut interest rates sharply, and there is no indication that the terminal interest rate will fall. Carsten Brzeski, head of international macro business in the Netherlands: The European Central Bank decided to act safely today and cut interest rates by 25 basis points. No more mention of "restrictive" monetary policy, which means there will be more interest rate cuts in the future.German Finance Minister: We need to work together on initiatives to strengthen the European economy.
European Central Bank President Lagarde: As we gradually approach the neutral interest rate, we will further discuss its related issues. The neutral interest rate may be slightly higher than before. We will discuss the neutral interest rate in due course.Iraqi security forces destroyed eight extremist strongholds in northern Iraq. On December 12, local time, the Iraqi Joint Operations Command issued a statement saying that Iraqi security forces are continuing to track and crack down on members of the extremist organization "Islamic State" in the country. Recently, in the hamlin Mountains in Kirkuk province, Iraqi security forces destroyed eight extremist strongholds, including personnel hiding places and weapons storage facilities. (CCTV News)European Central Bank President Lagarde: As we gradually approach the neutral interest rate, we will further discuss its related issues. The neutral interest rate may be slightly higher than before. We will discuss the neutral interest rate in due course.
After the European Central Bank moderately cut interest rates by 25 basis points, the EUR/GBP remained below 0.8250.The European Central Bank expects inflation to cool down faster. It is reported that the European Central Bank now expects inflation to cool down slightly faster than the forecast in September. It currently predicts that the average inflation rate in 2024 and 2025 will be 2.4% and 2.1% respectively, compared with the previous forecast of 2.5% and 2.2% respectively. In the statement, the European Central Bank also said: "The anti-inflation process is on the right track."Market news: the agency said that the number of people applying for unemployment benefits in the United States jumped to the highest level in two months, but it was still at a low level.