European Central Bank survey: Eurozone consumers lower their inflation expectations for the next year, easing pressure for the ECB to raise interest rates. According to a survey released by the European Central Bank on Friday, Eurozone consumers lowered their expectations for the next year's inflation rate in May, while long-term expectations remained stable. This indicates that the European Central Bank is not facing pressure to quickly raise interest rates again. Some policy makers within the European Central Bank have stated that further tightening of monetary policy is still needed to curb inflation expectations, but there are still significant internal differences regarding the timing of the next steps. The European Central Bank stated in a consumer expectations survey that consumers' expectations for inflation rates over the next year have decreased from 4.0% in April to 3.5% in May; The inflation expectations for the next three and five years remain unchanged at 2.9% and 2.4%, respectively. The European Central Bank, based on a survey of approximately 19000 adults in 11 eurozone countries, stated that "the uncertainty of inflation expectations in the next 12 months has decreased, but remains higher than before the outbreak of the Middle East war." As usual, low-income groups reported higher current inflation feelings and expectations than other groups, while young people reported relatively lower inflation feelings and expectations. The financial market currently expects the European Central Bank to raise interest rates one to two more times, and the next rate hike will not be fully priced by the market until the autumn.