Core Viewpoint - European Central Bank officials believe that the interest rate reduction cycle is likely over, based on the latest economic growth and inflation outlook [1] Group 1: Interest Rate Outlook - After eight rate cuts from a peak of 4%, deposit rates are expected to remain at 2% unless a significant shock occurs [1] - Discussions about raising interest rates are considered "premature" at this time [1] Group 2: Inflation Considerations - There is a possibility of further easing monetary policy if inflation rates remain below target for several consecutive months [1]

Group 1 - The core viewpoint is that the Monetary Authority of Singapore may ease monetary policy due to a cooling inflation trend as indicated by the July Consumer Price Index [1] - The core inflation rate increased by 0.5% month-on-month in July, which is lower than the 0.6% increase in June [1] - Analysts suggest that easing policy in October could be appropriate given the slowdown in core inflation and potential economic growth deceleration in the second half of the year [1] Group 2 - The Monetary Authority of Singapore maintained its policy in July and is likely to wait for more evidence before making further decisions [1] - Current policy discussions have shifted from controlling inflation to supporting economic growth [1]

Core Viewpoint - The Thai Ministry of Finance has urged the central bank to further ease monetary policy to support the economy [1] Group 1 - The call for further monetary easing indicates a proactive approach by the government to stimulate economic growth amid potential challenges [1]