Bank of New York Mellon: Further easing space for the European Central Bank will reopen

Golden Finance reported that the yield of Eurozone treasury bond bonds also rose, driven by the rising yield of US bonds and Japanese bonds. However, the market's focus is gradually shifting towards the European Central Bank's interest rate meeting scheduled for this Thursday. Despite the widespread expectation in the market that the European Central Bank will remain inactive, Geoff Yu, a strategist at Bank of New York Mellon, stated that the space for further policy easing by the European Central Bank will be reopened. He pointed out that the unexpected drop in inflation rates in Nordic countries, as well as the uncertainty surrounding tariffs and trade negotiations, means that from the perspective of the European Central Bank, there may be negative surprises in future economic growth. However, Bank of New York Mellon predicts that the European Central Bank may not initiate interest rate cuts until September at the earliest. (Golden Ten)