The European Central Bank can temporarily relax its control on inflation.

Morningstar stock strategist Michael Field wrote in a report to investors that the inflation rate in the Eurozone continues to remain at low levels, which eases pressure on the European Central Bank. Data released on Friday showed that the annual inflation rate in April remained at 2.2%, unchanged from March, as the decline in energy prices was offset by a partial seasonal increase in service prices. With overall interest rates close to the European Central Bank's 2% target, the ECB can continue to lower interest rates. However, he warned that if a trade war leads to the imposition of import tariffs in Europe, inflation could skyrocket again.