According to a statement by French bank BNP Paribas, the yield on 10-year on German government bonds could rise to 4% - the highest level since 2008 - in the coming years, amid rising spending. level since 2008 - in the coming years, amid increased spending on defense and infrastructure. defense and infrastructure. According to BNP Paribas, the ECB, for its part, is likely to continue its policy of lowering interest rates this year, but after 2025 it may switch to raising them again, as the increase in public spending will lead to economic growth and infrastructure spending. increase in government spending will lead to economic growth and increased inflationary pressures. inflationary pressures. In case such expectations persist, in the long term they will support the single European currency. support the single European currency. However, today's focus will be on data on the consumer price index of the Eurozone, and later - the decision of the U.S. Federal Reserve on the key rate. of the US Federal Reserve on the key rate and the subsequent press conference. The EUR/USD pair is in the range of 1.0800-1.0950. The market reaction to Today's data will help to make an assumption about the possible dynamics of the instrument in the nearest future. of the instrument in the near term.