According to ChainCatcher, Johannes Miller, an analyst at Deutsche Bank Asset Management, said in a webinar that the decline in eurozone inflation next year should enable the European Central Bank to cut interest rates further.

The chief economist of Deutsche Bank Asset Management said that the company expects the ECB to cut interest rates five more times, one in December, and then four more times by the third quarter of 2025. Deutsche Bank Asset Management predicts that inflation will fall to 2.0% in 2025, down from 2.3% in 2024. However, core inflation is likely to remain high as wage growth and service price inflation remain strong.