According to Jinshi Data on September 8, the European Central Bank (ECB) is expected to cut interest rates next Thursday, marking a shift toward more synchronized global monetary policy easing. As the ECB prepares to reduce rates, it could serve as a prelude to a similar move by the Federal Reserve, signaling a broader trend of policy relaxation aimed at boosting economic growth.

The central issue for the upcoming meeting is whether these cuts will signify the start of a deeper easing cycle, potentially removing constraints on major economies and stimulating recovery.

Looking ahead, the ECB is projected to cut interest rates by another 25 basis points in December. However, concerns around rising wage growth and persistent inflation in the service sector may prevent the Governing Council from committing to the additional cut just yet. Instead, ECB officials are inclined to adjust policy based on the latest quarterly forecasts, making December more likely for further rate reductions than October.