Eurozone Inflation Expected to Slow Amid U.S. Tariff Concerns

According to BlockBeats, European Central Bank Governing Council member Simkus has indicated that inflation in the eurozone is expected to continue slowing, as the region has not yet fully felt the impact of U.S. tariffs. He emphasized the need for further interest rate cuts by the European Central Bank. Despite initial positive economic activity, recent geopolitical trends, including trade threats from U.S. President Donald Trump, are seen as negative developments. Simkus noted the presence of 'clear anti-inflationary forces' at play and stated that a decision to cut rates in June is evident to him. He also mentioned the possibility of additional rate cuts after June, although the timing remains uncertain. Since June of last year, the European Central Bank has reduced interest rates seven times, with officials expressing readiness to implement further measures as U.S. tariffs pose a threat to economic growth.