According to Odaily, DWS economist Ulrike Kastens has indicated in a recent report that the Eurozone's inflation data suggests the European Central Bank's (ECB) 2% inflation target is unlikely to be achieved in the near future. Kastens pointed out that high wages in the service sector imply that prices will continue to rise, and inflation rates are expected to remain volatile in the coming months. However, this is not expected to alter the ECB's future monetary policy, especially considering that the European economy's weakness is likely to exceed the ECB's expectations. She anticipates that the ECB will implement another rate cut in September. As long as there is a possibility of achieving the inflation target in the medium term, the ECB should continue to be prepared to make further adjustments to its monetary policy.