TechFlow reported on October 17 that Marchel Alexandrovich, an economist at investment consulting firm Saltmarsh Economics, said that the European Central Bank has cut interest rates for the first time since 2011 and is expected to cut interest rates again in December. Even after today's rate cut, the policy interest rate level is still in the restrictive area. As inflationary pressures ease, the Governing Council can safely lower interest rates to a neutral level.