The US-EU trade protocol may mean that the European Central Bank will suspend interest rate cuts for a long time.

Jin10 data reported on July 28 that Galbraith from Amundi Investment Company stated in a report that the trade agreement between the United States and the European Union has increased the risk of the European Central Bank not further cutting interest rates. She mentioned that the European Central Bank could wait until December to cut rates, or it could maintain the interest rate unchanged throughout 2025. Galbraith indicated that this trade agreement may slightly push Amundi's forecast for growth and inflation in the Eurozone higher. Before the trade agreement between the US and EU, Amundi predicted that the European Central Bank would finally cut rates in December. Galbraith said: "The balance of risks may lean towards the possibility that a rate cut will not happen at all."