Ethenea portfolio manager Volker Schmidt said in a report that the ECB's efforts to fight inflation seem good, but the risk of inflation has not disappeared. In the US, which is leading the current anti-inflation cycle, the inflation rate has dropped sharply to 3% in the summer of 2023, but it is still at a high level. It then took more than a year to fall further below this temporary low. In September, the Eurozone's overall inflation rate fell below the ECB's 2% target. In line with the market, it is expected that the ECB meeting on Thursday will cut interest rates by 25 basis points.

Ethenea portfolio manager Volker Schmidt said in a report that the ECB's efforts to fight inflation seem good, but the risk of inflation has not disappeared. In the US, which is leading the current anti-inflation cycle, the inflation rate has dropped sharply to 3% in the summer of 2023, but it is still at a high level. It then took more than a year to fall further below this temporary low. In September, the Eurozone's overall inflation rate fell below the ECB's 2% target. In line with the market, it is expected that the ECB meeting on Thursday will cut interest rates by 25 basis points.