Eurozone inflation expectations have significantly fallen, market bets for interest rate hikes have cooled.

According to the Wisdom Financial APP, the latest monthly survey released by the European Central Bank (ECB) on Friday showed that Eurozone consumers' inflation expectations for the next 12 months significantly declined in May, and this change occurred before the United States and Iran reached a lasting peace agreement. The survey data showed that consumers expect the inflation rate for the next year to be 3.5%, a significant decrease from 4% in April. Meanwhile, the three-year and five-year inflation expectations, which are more relevant for monetary policy formulation, remained high at 2.9% and 2.4% respectively.