According to ChainCatcher, HSBC economists Barboni and Wells said that the European Central Bank may abandon its more restrictive policy inclination at the next meeting and instead send a signal of a more open attitude towards future interest rate cuts. This will lay the foundation for further interest rate cuts next year, but given the recent call for a gradual approach by policymakers, a significant 50 basis point rate cut in December seems unlikely. However, if 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 interest rate cuts.