Name: 歐洲央行維持利率不變！ (ECB keeps rates unchanged)
Uploaded: 2026-02-05T17:24:00.000Z
Duration: 1 min 54 s

The European Central bank left interest rates on hold as expected on Thursday.

歐洲中央銀行週四如預期維持利率不變。

情態副詞

It played down the impact of dollar moves on its future policy choices and said its inflation outlook remained largely unchanged.

該銀行淡化了美元走勢對未來政策選擇的影響，並表示其通膨展望大致未變。

The eurozone's central bank has been on hold since ending a year long run of rate cuts in June.

歐元區的中央銀行自去年六月結束為期一年的降息後，一直維持利率不變。

Surprisingly, resilient growth coupled with easing price pressures have taken nearly all the pressure off policymakers to provide any further support.

令人驚訝的是，穩健成長加上緩和的價格壓力，幾乎消除了決策者提供任何進一步支持的壓力。

In a statement, ECB chief Christine Lagarde acknowledged global trade policy and geopolitical tensions, but

在聲明中，歐洲央行總裁拉加德承認了全球貿易政策和地緣政治緊張，但

said an updated assessment still saw inflation stabilizing at its 2% target in the medium term.

表示更新評估仍預期中期通膨將穩定在其2%的目標。

The economy remains resilient in a challenging global environment.

在挑戰性的全球環境下，經濟保持穩健。

Low unemployment, solid private sector balance sheets, the gradual rollout of public spending on defence and and infrastructure and the supportive effects of our past interest rate cuts are underpinning growth.

低失業率、穩健的私營部門資產負債表、國防和基礎設施公共支出的逐步展開，以及我們過去降息的支撐作用，都在支撐著成長。

Asked what impact on its outlook last week's dollar tumble and rebound might have, Lagarde said the bank noted that dollar depreciation wasn't new.

當被問及上週美元的下跌和反彈可能對其展望產生什麼影響時，拉加德表示，銀行注意到美元貶值並非新鮮事。

What we observed collectively is that the dollar has depreciated measurably against the euro, but

我們整體觀察到的是，美元兌歐元已明顯貶值，但

not in the last few days, but since March 2025.

並非在過去幾天，而是從 2025 年 3 月開始。

That's when you see the significant change at the time.

那時候你才會看到顯著的變化。

Inflation, the ECB's primary focus, slipped to 1.7% across the eurozone last month on low energy costs and could dip further before a forecast rebound next year.

通膨，也就是歐洲央行的首要關注點，上個月在能源成本偏低的情況下，歐元區通膨滑落至 1.7%，並可能在預期明年反彈前進一步走低。

But if anything, longer term, inflation expectations have been inching up, not down, on solid activity data and energy price ris.

但如果說有什麼影響的話，從長遠來看，由於穩健的經濟數據和能源價格上漲，通膨預期一直在緩慢上升，而不是下降。