According to Jinshi, the European Central Bank released the minutes of its March meeting, and officials believed that they had seen enough convincing evidence last month to conclude that the time for a rate cut was almost right. While it is wise to wait for the upcoming data and evidence, the case for considering a rate cut is strengthening. The date for the first rate cut is now increasingly clear in sight. Officials agreed that it is too early to discuss a rate cut at the current meeting. It is important to go further in the process of inflation retreat and accumulate more evidence to give the Governing Council enough confidence that inflation will return to the target level in a timely and sustainable manner.