Market Analysis: The European Central Bank is expected to adopt a more cautious easing stance after the first quarter.

The January 30th data from Jinshi, analyst RAM said that the European Central Bank largely chose to maintain its previous guidance after the interest rate cut, so there was nothing to make traders question their pricing, that is, the European Central Bank will take a more cautious easing stance after the first quarter. The European Central Bank still states that it will continue to ‘follow an approach that relies on data and successive meetings… (and) will not commit to a specific Intrerest Rate path in advance.’ This makes it more likely that the statement will be adjusted in March, as the European Central Bank will update its macroeconomic forecasts by then. This result has largely been priced in by the market, explaining the moderate reaction of the euro seen at present.