According to preliminary data released by Eurostat on the 29th, the inflation rate in the euro zone rose to 2.8% in April this year, the highest since November 2008.
This is a further increase from the 2.7% inflation rate in March this year. It is also the fifth consecutive month that the Eurozone inflation rate is higher than the 2% warning line set by the European Central Bank to maintain price stability, and it shows a continuous upward trend. It highlights that the euro zone is facing increasing inflationary pressures due to rising commodity prices such as international crude oil (113.09, -0.43, -0.38%).
Rising inflationary pressures have caused the ECB's interest rate hike expectations to heat up. On the 7th of this month, the European Central Bank announced that it will raise the euro zone's dominant interest rate by 0.25 percentage points to 1.25%, which is the first time the European Central Bank has raised interest rates since July 2008. Analysts generally expect that the European Central Bank may still raise interest rates again during the year.
Meibiao Gate Valve,Cast Steel Flange Gate Valve,High-Temperature Casting Gate Valve,Casting Gate Valve
Zhejiang Meide Machinery Co.,Ltd , https://www.meidemachinery.com