Des Lawrence, an Analyst at State Street Global Advisors, indicated that after the European Central Bank lowers interest rates by 25 basis points, it may cut rates by a full 100 basis points again in 2025. This senior investment strategist stated in a report that the European Central Bank can and should further cut rates in the coming quarters. Lawrence noted that recent PMI data shows that the economic slowdown is expanding beyond the struggling manufacturing sector, and the service industry is also facing pressure.