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Extra-large positive, interest rate cut by 25 basis points, celebrating the whole world, and it is expected to stabilize in the afternoon?

The European Central Bank cut interest rates by 25 basis points, in line with market expectations, and cut interest rates by 100 basis points during the year. This interest rate cut is interpreted by the market as a response to the lack of economic growth, aiming at alleviating the pressure of economic growth. Interest rate cuts may reduce the borrowing costs of enterprises and households and ease financing conditions. At the same time, the interest rate cut also reflects the cautious attitude of the European Central Bank towards the current economic situation and the consideration of future uncertainty. The market expects the European Central Bank to cut interest rates by about 155 basis points by the end of 2025, which will make the ECB's benchmark interest rate lower than the neutral range of 2%-2.5% that economists think.