Online reports that in the coming week investors will continue to ponder the impact of Germany's massive fiscal stimulus plan and the impact of Germany's planned increase in defense spending. Germany's massive fiscal stimulus plan has led to a sharp rise in German government bond yields. Investors are particularly interested in how fiscal expansion will affect economic growth and inflation in Europe, and how this will affect the ECB's monetary policy. After the ECB cut the deposit rate by 25 basis points to 2.50% this week, Vanguard and Alliance Bernstein have expected a smaller rate cut by the ECB. Vanguard currently expects to cut interest rates only once more this year, while Alliance Bernstein has a revised forecast for the ECB's end-of-2025 policy rate of 2%, up from its previous forecast of 1.75%.