European Central Bank Managing Director Villeroy stated in an interview that the decline in inflation has enabled the ECB to lower interest rates. Additionally, the slower rate of price increases compared to the average wage level is also one of the factors contributing to the interest rate cuts. Villeroy emphasized that the interest rate policy decisions of the European Central Bank are independent of those of the Federal Reserve. The evidence is that the European Central Bank began lowering interest rates in early June, while the Federal Reserve only lowered rates three months later. As inflation decreases, we will be able to continue cutting interest rates. Currently, the market generally expects the European Central Bank to cut interest rates by 25 basis points at its next meeting in December, but weaker data raises the possibility of a 50 basis point rate cut. @ftionbbb