【European Central Bank Governing Council Member Villeroy: The decline in inflation enables the ECB to lower interest rates】Golden Finance reports that European Central Bank Governing Council Member Villeroy stated in an interview that the decline in inflation allows the ECB to lower interest rates. Additionally, the pace of price increases is below the average wage level, which is also one of the factors for rate cuts. Villeroy emphasized that the ECB's interest rate policy decisions are independent of the Federal Reserve. The evidence is that the ECB began lowering interest rates at the beginning of June, while the Federal Reserve did so three months later. With the decline in inflation, we will be able to continue lowering rates. Currently, the market generally expects the ECB to cut rates by 25 basis points at its next meeting in December, although weaker data has increased the likelihood of a 50 basis point cut.