Eurozone inflation slowdown eases rate hike concerns

Initial data showed that inflation rates in Germany, France, and Italy slowed down more than expected in June, easing pressure on the European Central Bank to raise interest rates soon. Inflation rates stood at 2.4% in Germany, 2.0% in France, and 3.1% in Italy, while inflation in Spain remained steady at 3.6%. These figures contribute to a reduction in upside inflation risks and provide room for flexible monetary policies ahead of the European Central Bank's July meeting.

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