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Eurozone inflation fall defies projections, buyoing hopes of ECB interest rate cuts
Eurozone inflation overshot analysts’ expectations on Wednesday (3 April), with headline prices falling back to their lowest level in three years and core inflation numbers dropping to their lowest in two years in March — boosting hopes of rate cuts ahead of the European Central Bank’s (ECB) meeting next week. In a flash estimate published on Wednesday (3 April), the EU’s official statistics office Eurostat reported that headline inflation dropped from 2.6% in February to 2.4% in March: the lowest recorded rate since July 2021, except for the November 2023 figure, which also came in at 2.4%. Economists polled ... (full story)