The reason for not moving the troops is becoming increasingly sufficient, and the "interest rate cut faction" of the European Central Bank may face a tough verbal battle.

Insiders have revealed that in the context of inflation reaching 2%, strong economic performance, and the ability to withstand trade turbulence, the doves within the European Central Bank will face a difficult debate. Sources say that after eight rate cuts since June 2024, maintaining interest rates in September has become the baseline expectation. Some members believe that the current situation requires those advocating for further rate cuts to explain why this must be done, instead of putting the burden on the opponents to justify their position. In light of the possibility of changes in various viewpoints due to uncertainties in the US tariff negotiations around the deadline on August 1, insiders point out that opinions may shift. The European Central Bank spokesperson declined to comment on the matter.