According to Jinshi, Jussi Hiljanen, chief strategist for US dollar and euro interest rates at the Swedish Nordic Bank Research Department, said that the ECB is quite satisfied with the current market pricing of interest rate cuts and will not seek communication at the July meeting to influence expectations. He predicted that the ECB meeting next week "should confirm market pricing, that is, there is a high probability of a rate cut in September, and a relatively high probability of another rate cut in December." According to Reuters data, the market expects a 19 basis point rate cut in September and a cumulative rate cut of 41 basis points by the end of this year.