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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）-行業數據

圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）
圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）
相比之下，歐央行在 2025 年的降息幅度或將更大。2024 年以來，歐央行已降息四次，累計降息 100BP。12 月歐央行在貨幣政策決議中剔除了政策將“在必要長的時間內保持充分限制性”的措辭，或表明其立場變得更加鴿派。目前市場預期歐央行在 2025 年仍將降息 125BP，其中 2025 年 1 月降息幅度或達 50BP。
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第1頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第2頁
圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第3頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第4頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第5頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第6頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第7頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第8頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第9頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第10頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第11頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第12頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第13頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第14頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第15頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第16頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第17頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第18頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第19頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第20頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第21頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第22頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第23頁
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圖21市場預期美聯儲、歐日央行貨幣政策變化（累計，BP）_第24頁
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所屬報告： 2025年宏觀展望之五：美元的周期供求和變局-241224（20頁）.pdf
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