Bank of New York Mellon: Space for further ECB easing will reopen
Internet reports that euro zone government bond yields also rose due to the rise in U.S. and Japanese bond yields. However, the market's focus is gradually turning to the European Central Bank's interest-rate meeting on Thursday. Despite widespread market expectations that the ECB will sit tight, Bank of New York Mellon strategist Geoff Yu said room for further ECB policy easing would reopen. He pointed out that the unexpectedly lower inflation rate in the Nordic countries and uncertainty surrounding tariff and trade negotiations mean that from the ECB's perspective, there may be negative surprises in future economic growth. Despite this, Bank of New York Mellon predicts that the European Central Bank may not start cutting interest rates until September at the earliest. (Jin Shi)
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