"ECB Set for First Rate Cut Since 2019 Amid Inflation Battle"

The European Central Bank (ECB) is expected to cut its deposit rate from 4.0% to 3.75%, marking its first rate reduction since 2019, as inflation in the euro zone has fallen closer to the ECB's 2% target. However, ECB President Christine Lagarde and other policymakers are likely to emphasize that the fight against inflation is not over, particularly with persistent price pressures in the services sector. Future rate cuts will depend on incoming economic data, and the ECB remains cautious amid signs of resilient inflation and stronger growth.