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European Central Bank President Lagarde: Protectionism will lead to short-term inflation. European Central Bank President Lagarde: Protectionism will lead to short-term inflation. Higher tariffs may lead to inflation in the short term; The final impact of high tariffs on inflation is uncertain.German 2-year bond yields rose by 1 basis point to 1.96%.European Central Bank President Lagarde: Macro-prudential policy is still the first line of defense against the accumulation of financial fragility. European Central Bank President Lagarde: Macro-prudential policy is still the first line of defense against the accumulation of financial fragility.

Baidu and Geely have started the internal transfer process to pay social security for employees of Jiyue in November. On the evening of December 12, the employee representative of Jiyue, Xia Yiping, CEO of Jiyue, and two major shareholders of Geely and Baidu held a closed meeting. Interface news learned that after several rounds of communication, Baidu and Geely are taking the transfer process to pay the arrears of social security for employees in November. (Interface)European Central Bank President Lagarde: Economic growth is losing momentum.After the European Central Bank moderately cut interest rates by 25 basis points, the EUR/GBP remained below 0.8250.

European Central Bank President Lagarde: Eurozone banks remain resilient.Market News: Japan and the United States are looking for technologies to counter the threats of biology and misinformation.The yield of German 2-year government bonds fell by 3 basis points to 1.92%, the lowest since December 3.