Some analysts indicate that the European Central Bank has clearly indicated a 25 basis point rate cut this month. So the question is, what will happen next? Currently, it can be said that it is more of the same. They cannot commit to the next action in advance, nor can they declare victory over inflation. Perhaps the good news is that the economy has not slowed down at a recession-like pace, which may push them to move faster in the rate-cutting cycle. Some policymakers suggest that cutting rates once per quarter seems ideal. Analysts believe Lagarde will not oppose this idea this week. She may not have stated it explicitly, but she certainly won't rule out this possibility. Specific considerations will have to take into account recent economic developments. Therefore, this week's decision will not have many areas worth careful scrutiny unless we are surprised by Lagarde's wording. Market participants expect the bank to cut rates by about 63 basis points in the remaining three meetings this year. This means swinging between two or three 25 basis point rate cuts. It will depend on the data in the coming weeks and months, rather than the European Central Bank's decision.