Analyst Andrew Kenningham of Capital Economics stated that the inflation rate in the eurozone in October was slightly higher than expected, but it may not necessarily be enough to prevent the European Central Bank from accelerating its rate cut. European Central Bank policy makers, including President Lagarde, emphasized that the battle against inflation has not yet been won, and the data for October may support this view. However, both the overall and core inflation rates are still lower than the macroeconomic forecasts of the European Central Bank in September. Although an agreement has not yet been reached, we still believe that by December, the Governing Council may conclude that there is no need for prolonged policy constraints. Capital Economics predicts that the European Central Bank will further cut interest rates by 50 basis points next month.