---
title: "HSBC: Expects the European Central Bank to maintain interest rates in September"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/255488207.md"
description: "HSBC senior economists Fabio Balboni and Simon Wells stated that the European Central Bank is expected to keep interest rates unchanged at next week's meeting and maintain a cautious stance on potential future rate cuts. The August PMI and the 0.1% quarter-on-quarter growth in the second quarter were both slightly better than market expectations, and the inflation rate in July was also slightly higher than expected. On the other hand, June trade data showed a significant decline in exports, and the French government faces the risk of collapse, exacerbating political uncertainty. Since June, some factors have emerged that suppress inflation, including the strengthening of the euro and the tariffs imposed by the United States on the EU being slightly higher than the European Central Bank's baseline expectations. It is expected that the European Central Bank staff's forecasts for the economic outlook will see only minor adjustments"
datetime: "2025-09-01T13:31:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/255488207.md)
  - [en](https://longbridge.com/en/news/255488207.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/255488207.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/255488207.md) | [繁體中文](https://longbridge.com/zh-HK/news/255488207.md)


# HSBC: Expects the European Central Bank to maintain interest rates in September

On September 1st, Jin Shi Data reported that HSBC senior economists Fabio Balboni and Simon Wells stated that the European Central Bank is expected to maintain interest rates at next week's meeting and remain cautious about potential rate cuts in the future. The August PMI and the 0.1% quarter-on-quarter growth in the second quarter economy were both slightly better than market expectations, and the inflation rate in July was also slightly higher than expected. However, on the other hand, June trade data showed a significant decline in exports, and the French government is facing the risk of collapse, which has intensified political uncertainty. Since June, some factors that suppress inflation have emerged, including the strengthening of the euro and the tariffs imposed by the United States on the EU being slightly higher than the European Central Bank's baseline expectations. It is expected that the European Central Bank staff's forecasts for the economic outlook will see only minor adjustments

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