European Central Bank meeting minutes: The current uncertainty proves that maintaining the interest rate unchanged is reasonable.

On November 27, the European Central Bank meeting minutes pointed out that its assessment of the inflation outlook remains largely unchanged, with some officials believing that the rate-cutting cycle has ended. This is because the current favorable outlook may persist unless risks materialize. The central bank believes that adopting a prudent strategy can increase the chances of maintaining a good state, and from a strategic perspective, the monetary policy stance should not be adjusted for moderate and temporary fluctuations in inflation around the target, but should only be adjusted if there is a significant deviation from the target expected in the medium term. However, most committee members believe that the risks around the inflation outlook are two-sided, and the outlook for inflation remains more uncertain than ever. Overall, the value of waiting for more information is still very high. ( Jin10 )