Institutions: The European Central Bank's interest rate cut today is a foregone conclusion, and further interest rate cuts are expected in the future

Ronald Temple, chief market strategist at Lazard Asset Management, said a sustained retreat in eurozone inflation, coupled with the dovish rhetoric of European Central Bank officials, made a cut in interest rates on Thursday almost a foregone conclusion. The ECB has previously defined the 1.75% -2.25% interest rate range as the neutral monetary policy level. "Any sign of a change in this view would be surprising. Given the more aggressive trade stance taken by the US towards the European Union, rates are still expected to fall to 1.5% by the end of the year." Money markets expect rates to end the year at around 1.70%, according to LSEG data, slightly higher than strategists' forecasts. (Jin Ten)