The hardware raw materials market is affected by the European Central Bank's interest rate cuts

The European Central Bank, based in Frankfurt, Germany, held a monthly monetary policy meeting on December 8 and decided to cut the euro zone's dominant interest rate by 0.25 percentage points from the current 1.25% to 1%. This is the second consecutive month that the European Central Bank cut the euro zone's dominant interest rate. On November 3, the European Central Bank cut interest rates by 0.25 percentage points. Analysts here believe that the ECB's decision to cut interest rates is based on two considerations: First, the economic growth prospects of the euro zone are dim, and it is likely to fall into recession next year. The European Central Bank cut interest rates to stimulate economic growth; second, although the current euro zone inflation rate has reached 3%, far exceeding the ECB’s 2% warning line for maintaining price stability, the Eurozone inflation rate may fall to next year. 1.7%, this provides the European Central Bank with a space to cut interest rates. On the 8th, some European central banks began to consider contingency plans to prepare for the possibility of individual countries leaving the euro zone or the euro zone to disintegrate. The report said that the European Central Banks are only preliminary preparations, and it does not mean that they expect the euro to die. However, the fact that the central bank began to consider the contingency plan is enough to show that the situation in the euro zone is rapidly deteriorating. For the European Central Bank's second rate cut in less than two months, financial expert Zhao Qingming said that this further increased the possibility of China's interest rate cuts. Zhao Qingming said that the European Central Bank's move was in line with previous market expectations. The purpose of interest rate cuts is to stimulate the real economy and intend to save the recession of the EU economy. Second, ease the European debt crisis, increase financial market confidence, and reduce the cost of bond financing in crisis countries. At present, such monetary policy is indeed needed to enhance market and public confidence. However, if euro-zone countries cannot make substantial reforms in fiscal revenue and expenditure, the current relaxation of monetary policy is tantamount to drinking and quenching thirst. For China, the European Central Bank cut interest rates twice in the short term, which further increased the possibility of China's interest rate cuts. Zhao Qingming predicted that there may be interest rate cuts before and after the Spring Festival. The Eurozone has performed poorly, which has a lot to do with the European debt crisis. On the one hand, companies are pessimistic about the economic outlook and are reluctant to expand production. On the other hand, some countries such as Greece have already hurt the fragile economic growth futures due to the implementation of fiscal austerity. As France and Germany reached a new resolution to resolve the European debt problem, the European Central Bank cut interest rates, China’s price level is expected to fall in November. Reflecting the expectation that the macro environment will continue to relax, investor feedback is relatively positive, but it is still a wait-and-see mood, and the thread continues to fluctuate. According to information feedback, after the 7-day thread opened slightly lower, after the short-term trading session in the day, the steel price rebounded slightly, and the final price closed at 4160 points, down 6 points from yesterday.

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