Odaily News James Rossiter, head of global macro strategy at TD Securities, and others said the ECB faces a tricky decision in October as service sector inflation remains high and the job market is solid, but recent data shows inflation is below target. However, they said in a report that TD expects the ECB to cut interest rates again in October and the pace of rate cuts will accelerate thereafter. They said: "We now expect the ECB to cut interest rates by 25 basis points from October to March next year, bringing the deposit rate to the 2.50% floor, six months earlier than previously expected." (Jinshi)