According to Jin Shi Data, the Eurozone's inflation rate remained at 2.2% in April, exceeding the expected 2.1%, complicating the European Central Bank's task. The ECB is considering whether to further cut interest rates at its next meeting in June.
This figure marks the sixth consecutive month that inflation in the Eurozone has exceeded the European Central Bank's target of 2%. Last month, the European Central Bank voted unanimously to cut interest rates by 25 basis points to 2.25%, due to concerns over trade tensions stemming from Trump's tariff agenda.
Although the Eurozone economy grew by 0.4% in the first three months of this year, better than expected, the 'reciprocal tariffs' announced by Trump have weakened the region's outlook.
