On December 12 local time, the European Central Bank announced a 25 basis point interest rate cut, lowering the widely watched deposit facility rate from 3.25% to 3%, in line with general market expectations. This marks the fourth interest rate cut by the European Central Bank this year. Given the weak economic outlook for the Eurozone, political uncertainties within the region, and the possibility of a new round of trade wars with the United States, analysts widely expect the European Central Bank to cut rates by 25 basis points at each monetary policy meeting until September next year, until the deposit facility rate is reduced to 1.5%. However, they do not rule out considering a larger rate cut during periods of economic weakness.