The European Central Bank could accelerate the speed of interest-rate cuts as risks of economic stagnation and an increased slowdown in inflation are intensifying, Barclays economist Mariano Cena says in a note.

The European Central Bank will likely make a series of consecutive 25 basis point cuts at each of its upcoming meetings between now and April 2025, HSBC’s analysts said

Traders are growing increasingly confident that European Central Bank policymakers will react to the weakening economic outlook in the euro area by cutting interest rates next month.

Several brokerages now expect the European Central Bank to deliver a quarter-point cut at its Oct. 17 meeting, as data showing economic weakness and slowing inflation pushes policy makers to focus more on growth and less on price pressures.