The European Central Bank's March monetary policy meeting showed that the European Central Bank reiterated concerns about inflation. Members of the Management Committee believed that inflation is still too strong.Most members of the European Central Bank Management Committee agreed to raise interest rates by 50 basis points. The European Central Bank once again emphasized that the inflation rate is much higher than the goal, and inflation is still too strong.Members agreed that the increase in uncertain factors increased the importance of data on future policy interest rate decisions.
Affected by the banking crisis, the uncertainty of the financial market has increased, but the management committee believes that the interest rate hikes announced in February in accordance with the interest rate guidance in February are essential to consolidate confidence and avoid further uncertainty in the financial market.
Some members of the European Central Bank Management Committee believe that the tension of the financial market should not raise interest rates before retreat, and a comprehensive assessment should be re -evaluated at the Monetary Policy Conference in May.Some markets believe that in that case at that time, the European Central Bank should wait until the uncertainty decreases before interest rates.
The European Central Bank's March interest rate resolution shows that the European Central Bank will reduce the RMB 6.3%in December last year from 6.3%to 5.3%in 2023, but the core adjustment of CPI is expected from 4.2%to 4.6%.
The European Central Bank pointed out that in the context of a strong labor market, wage pressure has intensified, and many companies can increase profit margins in the departments that are limited and demand for recovery.In the past two years, the impact of profit growth on inflation is more significant than wage growth.
Some market institutions have pointed out that in March, Spain and Italy's economic growth in the euro (1.0979, -0.0009, -0.08%) in the euro (1.0979, -0.0009, -0.08%), it is difficult to imagine that such a scale can continue.In addition, although the inflation rate has cooled from the peak period, it is still running at a high level, especially in the entire service industry.Therefore, the reason for further interest rate hikes is sufficient.The recent remarks by European Central Bank officials show that most major decision makers agree to continue to raise interest rates.
The German Institute of Macroeconomic and Commercial Periods predicts that after the closure of the Silicon Valley Bank, the European Central Bank will adopt more cautious interest rate policies.In this case, the European Central Bank's low interest rate hike is sufficient to promote the euro exchange rate to maintain stability.
