In a recent survey by the European Central Bank (ECB), consumer inflation expectations in the Eurozone have slightly decreased. For the 12 months ending in April, anticipated price increases fell from 3.0% to 2.9%, marking the lowest level since September 2021. Expectations for inflation over the next three years also dipped from 2.5% to 2.4%, after remaining steady for four consecutive periods.

The ECB is likely to cut its key interest rates again for the first time in June. At the same time, it will initiate the next inflation cycle by financing the eurozone's sovereign debt.