Institutions: The European Central Bank cuts interest rates again as scheduled, or deepens Trump's dissatisfaction with Powell

Institutional analysis pointed out that the European Central Bank cut interest rates again as scheduled on Thursday, which may deepen the frustration of US President Trump with Federal Reserve Chairperson Powell. Trump said on Wednesday local time that Powell should cut interest rates now, and cited the ECB's move as an example. To be fair, the ECB's decision (compared to the Federal Reserve) may be more clear, as the impact of macro uncertainty and the impact of Trump's tariffs are more likely to depress prices in Europe, while putting pressure on economic growth. Andrzej Szczepaniak, an economist at Nomura Securities, believes that by September, the main interest rate of the European Central Bank may be further reduced to 1.5% from the current 2%. The big question ahead of a press conference by European Central Bank President Christine Lagarde is how far policymakers can go to reduce borrowing costs - some argue that interest rates are already too low to constrain the economy and oppose further sharp rate cuts.