Institutions: The Central Bank of Europe is following the weakness of the euro

On December 13, Jinshi data reported that the European Central Bank stated yesterday that inflation is slowing down and hinted at another interest rate cut. However, Joost Van Leenders, an analyst at Van Lanschot Kemen, stated in a report that the European Central Bank will closely follow the recent weakness of the euro. Due to the pump in import prices, the weak currency may push up inflation. The senior investment strategist said that considering that the current deposit interest rate in the euro area is 3% and the neutral interest rate is around 2%, the European Central Bank will have at least four more interest rate cuts. However, European Central Bank President Lagarde emphasized that inflation risks are two-sided.