Institution: ECB's rate cut today is a foregone conclusion, further cuts expected in the future

According to a report by Jinse Finance, Ronald Temple, Chief Market Strategist at Lazard Asset Management, stated that the continued decline in inflation in the Eurozone, coupled with the consistently dovish rhetoric of European Central Bank officials, makes a rate cut this Thursday almost a certainty. The European Central Bank had previously defined the interest rate range of 1.75%-2.25% as a neutral monetary policy level. "Any signal of a change in this view would be surprising. Given the more aggressive trade stance of the United States towards the EU, it is still expected that rates will drop to 1.5% by the end of the year." According to LSEG data, the money market expects rates to be around 1.70% by the end of the year, slightly higher than the strategist's forecast. (Jin10)