The European Central Bank plans to cut interest rates four times by 2025, and the deposit rate may drop to 2%

According to TechFlow, European Central Bank President Christine Lagarde said that eurozone inflation is close to the 2% target, but service sector inflation needs attention. She prefers a gradual policy of cutting interest rates by 25 basis points each time.

The market expects the ECB to cut interest rates four times by 2025, with the deposit rate likely to fall from 3% to 2%. The Governor of the Central Bank of Ireland supports a gradual rate cut strategy and warns that the view that the neutral interest rate is below 2% may be premature.

Lagarde expressed concern about Trump's trade war policy, believing that trade retaliation measures would damage the global economy.