Core Viewpoint - The New York Mellon Bank suggests that the space for further easing by the European Central Bank (ECB) will reopen, despite expectations that the ECB will maintain its current policy in the upcoming meeting [1] Group 1: Economic Indicators - Eurozone government bond yields have risen, influenced by increasing U.S. and Japanese bond yields [1] - Unexpected declines in inflation rates in Nordic countries indicate potential negative surprises for future economic growth from the ECB's perspective [1] Group 2: ECB Policy Outlook - The market generally anticipates that the ECB will not change its policy in the upcoming meeting [1] - New York Mellon Bank forecasts that the ECB may not initiate interest rate cuts until at least September [1]