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The Eurozone's CPI for April has exceeded the European Central Bank's target of 2% for the sixth consecutive month.
Jin10 data reported on May 2, the inflation rate in the Eurozone remained at 2.2% in April, exceeding the expected 2.1%, complicating the task of the European Central Bank. The European Central Bank is considering whether to further cut interest rates at its next meeting in June. This figure marks the sixth consecutive month that the inflation rate in the Eurozone has been above the European Central Bank's target of 2%. Last month, the European Central Bank's rate setters unanimously voted to lower the interest rate by 25 basis points to 2.25%, citing concerns about economic growth due to the escalating "trade tensions" caused by Trump's tariff agenda. Although the Eurozone economy performed better than expected in the first three months of this year, growing by 0.4%, the so-called "reciprocal tariffs" announced by Trump since then have weakened the region's outlook.