The European Central Bank cut interest rates again on October 17, cutting interest rates three times this year, a total of 75 basis points. Moreover, the CPI data continued to be weak and below expectations, indicating that the risk of economic downturn is increasing, indicating that interest rates will continue to be cut in the future.

ECB board member Centeno said: The ECB should consider a larger interest rate cut.

The market currently expects the ECB to cut interest rates by 50 basis points in December to support the weak economy.

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