Core Viewpoint - The rise in service sector inflation in the Eurozone during April is not expected to concern European Central Bank officials, as it is primarily driven by the Easter timing effect [1] Inflation Data Summary - The core inflation rate increased from 2.4% in March to 2.7% in April, exceeding expectations [1] - The service sector inflation rate rose from 3.5% to 3.9% during the same period [1] Future Outlook - Service sector inflation is anticipated to decline again in the coming months [1] - U.S. tariffs are expected to have a dampening effect on inflation in the Eurozone, paving the way for two potential interest rate cuts this year [1]

Group 1 - The Bank of Japan Governor Kazuo Ueda acknowledged the potential impact of tariff uncertainties on service sector inflation and price transmission, indicating that this possibility is reasonable [1]