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On June 28, Philip lane, chief economist of the European Central Bank, said that the European central bank must remain vigilant in the coming months, because inflation may continue to rise, and the economy of the region may slow down due to consumption.
Ryan said at the European Central Bank's Sintra forum held in Portugal on Tuesday: "in the case of uncertainty, we must manage these two risks well. On the one hand, this may be a force to make inflation higher than expected for a longer time. On the other hand, we do face the risk of economic slowdown, which will reduce inflationary pressure.
Therefore, we need to have a clear vision for the next few meetings, have a direction to get rid of the very low interest rate we have maintained for several years, but also fully respect the importance of relying on data. And retain the option to respond to what we see in the coming months. "
All eyes are on the important meeting of the European Central Bank next month. The European Central Bank has said that it will raise interest rates for the first time in 11 years, but investors are more interested in understanding what measures the European Central Bank is taking to deal with the diversification risks in the region.
The eurozone Central Bank held an emergency meeting earlier this month because of the soaring borrowing costs of the so-called peripheral European countries. The European Central Bank said it would develop a new tool to deal with these risks - however, the market still did not know when the tool would be implemented and to what extent.
These dialogues took place at a time of widespread concern about the eurozone economy. Inflation remains high and the prospects for economic growth are deteriorating.
Erik Nielsen, global chief economist of UniCredit, said, "can you really enter recession by raising interest rates in the case of high inflation? This will be unusual."
The European central bank confirmed in early June that it intended to raise interest rates next month and again after this summer. This may bring the deposit rate of the European Central Bank out of negative interest rates, marking a major moment for the European Central Bank. Since 2014, the European Central Bank has kept interest rates below zero.
However, there are hostages who doubt whether Lagarde will continue to raise interest rates under the gloomy growth prospects in the region.
In June this year, the European Central Bank predicted that the GDP growth rate of the eurozone this year would be 2.8%, but economists began to discuss that the eurozone might fall into recession before the end of the year due to Russia's invasion of Ukraine and its impact on the global economy.
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