Jinshi data, July 18th news, Mitsubishi UFJ believes that the European Central Bank meeting in July will be a low-key meeting: the Intrerest Rate will remain unchanged, and there will be no new policy signals. Policymakers have previously stated that there is no plan for consecutive interest rate cuts. The European Central Bank will hope to maintain flexibility in the timing of the next steps. Mitsubishi UFJ's basic forecast is that the drop in wages will pave the way for a rate cut in September, and it is expected that there will be three rate cuts in total by 2024, once each quarter.