According to Golden Finance, Saxo Bank's Jacob Falkenkron said the ECB will still cut interest rates this year, but the planned fiscal stimulus in Europe may eventually lead to inflation, which will affect interest rate outlook. The planned fiscal stimulus is expected to lead to increased internal demand in Europe, which will increase some inflationary pressure. He said the ECB could cut interest rates up to two times this year. The currency market is currently priced by the European Central Bank cut interest rates twice this year.