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04
Jun
Eurozone inflation surged in May, exceeding expectations with a year-over-year rise of 2.6%. Core inflation also increased to 2.9%, driven by positive energy inflation and a service sector rebound. These inflation figures have cast doubt on the European Central Bank's (ECB) plans for a rate cut in June.
While some ECB policymakers still favor the cut, they may need to reassess if inflationary pressures persist. Market reactions were mixed, with slight increases in bond yields and a modest rise in the euro...