Inflation in the 19 countries that share the euro currency hit 7.5% in April
Reasons include supply bottlenecks, 38% rise in energy prices
Slower normalization could increase divergence in foreign exchange rates
Rising energy prices put pressure on the central bank to raise rates
Bond purchases are now set to end in the third quarter
Energy prices, up 28.6%, played a major role in record inflation for nations using euro currency, but ECB predicts it will fall to 1.8% in 2023 and 2024
Based on a Solactive index, the fund has a covered call option on up to 33% of the portfolio securities
Energy costs jumped 26%, Eurostat reports, while food price increases also contributed to European inflation
Work remains to reinforce the shared currency, finance ministers say
Meanwhile, central banks in other parts of the world look to dial back support