Name: 歐洲央行按兵不動，伊朗戰火籠罩前景！ (ECB keeps rates on hold as Iran war clouds outlook)
Uploaded: 2026-03-19T17:10:36.000Z
Duration: 2 min

The European Central bank left interest rates unchanged as expected on Thursday, but

European Central bank 週四如預期維持 interest rates 不變，

情態副詞

its chief, Christine Lagarde, said it was closely watching growth and inflation risks from surging oil prices and was ready to act if necessary.

但其 chief, Christine Lagarde 表示，他們正密切關注 surging oil prices 帶來的 growth and inflation risks，並準備在必要時採取行動。

轉承詞

We are well positioned to demonstrate our capacity to apply our strategy and to be agile to do what is necessary because second point we are determined to ensure that inflation stabilizes at 2% medium term energy prices have jumped since the US Israeli war on Iran began on February 28th.

我們準備就緒，能展現我們執行策略的能力，並靈活應對所需作為，因為第二點是我們決心確保 inflation stabilizes 在 medium term 的 2% 目標，自 US Israeli war on Iran 於 2 月 28 日開始以來，energy prices 已大幅上漲。

It's driving bets that inflation will be pushed far above the ECB's 2% target within months.

這促使人們預期，幾個月內 inflation 將遠超 ECB 的 2% target。

That could force the central bank to tighten policy to prevent rapid price growth from becoming entrenched Markets now expect more than two hikes in the ECB's 2% deposit rate this year.

這可能會迫使 central bank 採取 tighten policy，以防止 rapid price growth 變得 entrenched。市場現在預期今年 ECB 的 2% deposit rate 將有兩次以上的 hikes。

Policymakers were accused of acting too late on the 2021-2022 inflation surge after Russia's invasion of Ukraine, and

在 Russia's invasion of Ukraine 之後，Policymakers 被指控對 2021-2022 年的 inflation surge 採取行動太慢，

analysts think they will be quicker to pull the trigger this time.

而分析師認為這次他們會更快採取行動。

Central banks normally look past such energy shops since expensive fuel saps consumer demand and drags down economic growth.

Central banks 通常會忽略這類 energy shops，因為昂貴的燃料會削弱消費者需求並拖累經濟成長。

Policy moves will ultimately depend on the duration of the war and the ECB's own economic projections reflected this uncertainty.

政策行動最終將取決於戰爭的持續時間，以及 ECB 自身的經濟預測也反映了這種不確定性。

It will have a material impact on near term inflation through higher energy prices.

這將透過 higher energy prices 對 near term inflation 產生實質影響。

Its medium term implications will depend both on the intensity and duration of the conflict and how the energy prices affect consumer prices in the economy.

它的 medium term 影響，將取決於衝突的強度與持續時間，以及 energy prices 如何影響經濟中的 consumer prices。

Financial market pricing now assumes inflation will rise to the vicinity of 3.7% in the year ahead, but

Financial market pricing 現在預期，明年的 inflation 將會上升到大約 3.7% 左右，

these indicators are volatile and are prone to rapid changes.

但這些指標是 volatile 的，而且容易發生 rapid changes。