European Central Bank meeting minutes: Current uncertainties justify keeping interest rates unchanged

BlockBeats News, November 27, the minutes of the European Central Bank meeting indicated that its assessment of the inflation outlook has remained largely unchanged. Some officials believe that the rate-cutting cycle has ended, as the currently favorable outlook may persist unless risks materialize.

The central bank believes that adopting a prudent strategy can increase the chances of maintaining a good condition. From a strategic perspective, the monetary policy stance should not be fine-tuned for mild and temporary fluctuations in inflation around the target, but should only be adjusted when there is a significant deviation from the target expected in the medium term. However, most members believe that the risks surrounding the inflation outlook are two-sided, and the inflation outlook remains more uncertain than before. Overall, the option value of waiting for more information remains high. (Golden Ten Data)