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Odaily Planet Daily News: European Central Bank Managing Director Villeroy stated in an interview that the decline in inflation has enabled the European Central Bank to lower interest rates. In addition, the rate of price increases is lower than the average wage level, which is also one of the factors contributing to interest rate cuts. Villeroy emphasized that the interest rate policy decisions of the European Central Bank are independent of those of the Federal Reserve. The evidence is that the European Central Bank began lowering interest rates in early June, while the Federal Reserve only lowered rates three months later. As inflation decreases, we will be able to continue cutting interest rates. Currently, the market generally expects the European Central Bank to cut interest rates by 25 basis points at its next meeting in December, but weaker data raises the possibility of a 50 basis point rate cut. (Golden Ten)