With core inflation falling less than expected, this partly supports the ECB's view that it is not urgent to cut interest rates。

On October 20, according to a survey, analysts generally believe that the outcome of the European Central Bank meeting next week will be: suspend interest rate hikes and keep interest rates running high。Respondents also expect the ECB to cut interest rates for the first time in September。

ECB to announce interest rate decision on September 14。Amid the economic malaise, the bank's probability of raising interest rates by 25 basis points in September has fallen from the previous 40 per cent to the current 30 per cent, according to money market expectations.。