ChainCatcher news, HSBC economists Barboni and Wells said that the European Central Bank may abandon its more restrictive policy tendencies at the next meeting and instead signal a more open attitude towards future interest rate cuts. This will lay the groundwork for further rate cuts next year, but given recent calls for a gradual approach by policymakers, a significant 50 basis point rate cut in December seems unlikely. However, if the economic data continues to disappoint, or if the inflation rate falls faster in early 2025, it could mean that the European Central Bank will accelerate its rate cuts.