According to online reports, Barclays currently believes that the European Central Bank may choose to cut interest rates once in December instead of the previously predicted rate cut in September. Bank economist Mariano Sina said the revision takes into account weak economic activity in the second half of the year, caused by continued drag on trade policy and the impact of earlier U.S. imports. Barclays expects that by December, signals about trade headwinds will become clearer and concerns about supply chain disruptions affecting inflation will diminish. In addition, confidence that the 2026 fiscal plan will not reignite inflationary pressures may increase and a 25 basis point interest rate cut will be supported. Barclays expects the ECB's terminal deposit rate to remain at 1.75% by 2026. (Jin Shi)