According to Jinshi, Bert Colijn, an economist at ING Bank, pointed out in a report that although the eurozone economy continues to face inflationary pressure in the service industry, this should not prevent the ECB from cutting interest rates. According to the latest PMI survey data, the eurozone economy began to resume growth at the beginning of the second quarter, mainly driven by the service industry. Service industry inflation accelerated again, but not to the extent at the beginning of the year, commodity inflation remained negative, and overall inflationary pressure was mild. This is a signal that interest rate cuts should not be too aggressive, but it will not prevent the ECB from cutting interest rates in June.