The interest rate path of the European Central Bank may become less certain after March.

On January 28, the Gold Ten Data, T. Rowe Price's Chief Economist for Europe, Tomasz Wieladek, said that the European Central Bank is expected to cut the deposit Interest Rate this week and in March, but the market is uncertain about the European Central Bank's actions thereafter. He said: "Current market pricing takes into account the possibility that the European Central Bank may slow down the interest rate cuts from monthly to quarterly." Some are concerned that as the deposit Interest Rate approaches 2% (the neutral Interest Rate), the European Central Bank's determination to cut interest rates will weaken. Wieladek said that at this level, monetary policy will neither restrict nor stimulate the economy. The institution expects economic data to continue driving the European Central Bank to cut interest rates at each meeting until the deposit Interest Rate reaches 1.5%. The deposit Interest Rate is currently 3%.