According to Jinshi, ECB Executive Board member Cipollone said that the ECB will assess the scenario of a faster decline in inflation and weaker growth at its policy meeting next week.

Cipollone said on September 27 that economic growth may be slower than expected, and preliminary data showed that inflation accelerated and fell. The ECB will reassess the situation at the next monetary policy meeting based on this information.

The ECB is currently widely expected to cut interest rates on October 17.