Eurozone's economic rebound in the first quarter was stronger than expected, and the ECB may cut interest rates in June

Melanie Debono of Panson Macro wrote in a report that the stronger-than-expected economic rebound in the eurozone in the first quarter will not prevent the European Central Bank from cutting interest rates in June. Economic output in the first quarter grew by 0.3% month-on-month, higher than expected, bringing a successful end to the technical recession that occurred in the second half of last year. But Debono cited weak survey data and said that growth in the second quarter may slow slightly. In any case, the ECB is more concerned about inflation, which remained stable this month and no longer needs abnormally tight monetary policy to maintain inflation.