The European Central Bank may cut interest rates by 25BP in March and abandon the word "restrictive"

On January 31, Jin10 Data learned from sources that the European Central Bank may no longer describe its monetary policy stance as 'restrictive' in its next interest rate decision in March. At that time, the European Central Bank is likely to cut the deposit mechanism interest rate by another 25 basis points to 2.5%. Such an interest rate level no longer matches the label. Therefore, officials will consider changing this term in the European Central Bank's statement during the next discussion on monetary policy. This idea indicates that policymakers have begun to consider when to stop cutting interest rates and whether to stand still in the process. The official statement of the European Central Bank is that it will not make promises in advance, but will make decisions at each meeting.