The European Central Bank may open the door to a depreciation of the euro on Thursday as its first rate cut will put the region on a different policy path from the United States. A 25 basis point rate cut at this month's meeting is almost certain, and ECB policymakers, led by President Lagarde, insist that they are willing to act separately from the Federal Reserve. Officials' tolerance may become important in discussions about further easing monetary policy, especially after recent reports suggested that consumer price pressures are still continuing. Some institutions predict that the ECB will cut interest rates by 25 basis points in June, and after pausing in July, there will be the same amount of rate cuts in September, October and December.