[The ECB is expected to cut interest rates again next week, and may further ease in December] The European Central Bank is expected to cut interest rates next Thursday. As a prelude to the Fed's rate cut, the global monetary policy cycle is tilting towards a more synchronized easing direction. The core question of this month's meeting is whether these rate cuts will herald the beginning of a deeper easing cycle, which will not only remove restrictions on major economies, but may also begin to stimulate economic growth. Institutions expect the ECB to cut interest rates by another 25 basis points in December. However, higher wage growth rates and the stickiness of service industry inflation may prevent the Governing Council from committing to this action in advance. It is reported that Governing Council officials prefer to adjust interest rates with the latest quarterly forecasts, which makes further rate cuts in December more likely than in October. #财经