The European Central Bank may open the door to the depreciation of the euro on Thursday, as its first interest rate cut will put the region on a different policy path than the United States. The 25 basis point interest rate cut at this month's meeting is almost certain, and ECB policymakers led by President Lagarde insist that they are willing to act separately from the Fed. However, the officials' tolerance may become important in discussions about further easing of monetary policy, especially after recent reports suggest that consumer price pressures are still ongoing. Currently, some institutions predict that the European Central Bank will cut interest rates by 25 basis points in June, and will also have the same magnitude of interest rate cuts in September, October, and December after a pause in July.