Important inflation development for Europe

Commerzbank’s Vincent Stamer said inflation in the euro zone could return in the coming months. The rise in inflation was mainly due to rising oil prices, which had temporarily risen by more than 10 percent due to the Israel-Iran war. Stamer, who published a research bulletin, said inflation could fall along with the fall in oil prices at the end of the month. However, Stamer, who noted uncertainty about the impact of U.S. tariffs, predicted the European Central Bank would hit the hold button on rate cuts at its meeting this month. He added that the ECB could cut interest rates in the autumn because tariffs were slowing European exports and putting downward pressure on product prices.