According to Jinshi, Deutsche Bank economists said in a report that the European Central Bank may avoid giving clear guidance at its meeting next week, emphasizing that it has no preset interest rates. But economists believe that the potential trend of interest rates should be clear: as inflation approaches the target, its restrictive monetary policy stance will be further relaxed. However, the ECB does not want to promise when and how much to cut interest rates, and it hopes to be data-driven. Economists added that the ECB seems confident that inflation will fall back to its 2% target by the end of 2025, but more evidence is needed before cutting interest rates again that inflation and wage growth are slowing.
