Eurozone inflation is weaker than expected, and interest rate cut expectations have risen slightly.

Jin10 data June 3 news, the initial value of inflation in the Eurozone for May was weaker than expected, and the money market shows that investors' expectations for a rate cut by the European Central Bank in July have slightly risen. A 25 basis point cut on Thursday has been fully priced in. Data shows that the market currently expects the likelihood of further rate cuts in July to be 31%, up from the previous 28%. However, the next rate cut is not expected to be fully absorbed by the market until October or December. The overall inflation rate in the Eurozone fell from 2.2% in April to 1.9% in May, a decline that exceeded expectations.