According to Jinshi Data, Arne Petimezas, research director of AFS Group, said that the ECB cut interest rates by 25 basis points as expected, and there were no surprises in inflation and economic assessments. However, before the resolution, he had expected the ECB to delete the wording "not on a specific interest rate path" in the statement and admit that it was in an easing cycle, but surprisingly, it did not.