According to Jinshi, ECB board member Wensch said there are dangers to consumer prices, including a weaker euro if monetary policy deviates too much from the United States. He pointed out that there are still major risks around the trajectory of wage growth and wage-intensive service industry inflation. Although interest rate cuts may begin this year, he urged all parties to remain cautious and said that now is not the time to commit to a set action. Wensch also said that while monetary policy tightening is clearly synchronized globally, it seems unlikely that the easing cycle will show similar synchronization.