According to Jinshi Data, Seema Shah, chief global strategist at Principal Asset Management, said that the ECB may disappoint market observers who had hoped that the central bank would formulate a clear policy path. But their refusal to make an early commitment is a wise decision.
Although inflation has fallen significantly, price pressures in some parts remain stubborn and stubborn. Moreover, with signs of a cyclical upturn in the economy, the eurozone does not urgently need to cut interest rates in succession. The ECB has given itself a more gradual and cautious approach to monetary easing.
