Switzerland's EFG Bank: Europe's Central Bank may cut interest rates again in December

On September 12, Jinshi data, Stefan Gerlach, chief economist at Swiss Bank Yinfeng, said that the European Central Bank will cut the deposit interest rate by 25 basis points to 3.50% on Thursday, and may cut interest rates again in December unless the data sharply deteriorates. "It is helpful to adjust the interest rate when releasing economic forecasts, as it makes it easy to explain policy decisions," he said. The market overwhelmingly expects no rate cut in October, but a rate cut in December. As the Federal Reserve will hold a meeting next week, Gerlach said that the Fed's decision next week is not significant for the European Central Bank. "The economic conditions in the eurozone and the United States are different, so the policies of the European Central Bank and the Federal Reserve may correspondingly differ."