[Eurozone June Inflation Rate Drops to 2.8%, a Major Positive for the European Central Bank] Jin10 News, July 1 – The Eurozone's June inflation rate dropped to 2.8%, exceeding expectations. This is a major positive for the European Central Bank (ECB) as it strives to curb price pressures triggered by the Iran war. Preliminary data released by Eurostat on Wednesday showed that the June inflation rate was below the 3% forecast by economists in a Reuters survey and lower than May's 3.2% level. To suppress inflationary pressures, the ECB raised interest rates by 0.25 percentage points to 2.25% last month, marking the bank's first rate hike since 2023. June marks the fourth consecutive month that the inflation rate for the 21-member bloc has exceeded the ECB's 2% medium-term target. Before the release of the June data, traders, based on levels implied by swap contracts, anticipated that the ECB would raise rates by another 0.25 percentage points before the end of this year.