European Central Bank officials: Even if the Federal Reserve slows down, the European Central Bank can continue to cut interest rates

Odaily Planet Daily News: Vujcic, the Managing Director of the European Central Bank, stated that the ECB may cut interest rates three more times this year, even if the Fed's rate cuts slow down, the premise of loose policy is a rapid decline in underlying inflation. Since June last year, the European Central Bank has lowered borrowing costs five times and hinted at further policy easing, leading investors to speculate on the speed and extent of further rate cuts. The market expects three more interest rate cuts this year, "Vujcic said. These expectations are not unreasonable. However, the data for the next few months will be crucial as it is predicted that service sector inflation will significantly decrease. Service sector inflation is the largest single component of the consumer price basket and a key driving factor for excessive price growth over the past year. To make the interest rate cut a reality, we need to see a slowdown in core inflation and service sector inflation, "said Vujcic, who is seen as a moderate hawkish. (Golden Ten)