Eurozone inflation falls more than expected: Green light for ECB cuts?

Eurozone inflation falls more than expected: Green light for ECB cuts?

Eurostat data for March 2024 revealed a drop in annual consumer price inflation to 2.4%, below the expected 2.6% and hitting a four-month low. Market foresees four ECB rate cuts by end-2024, with the first expected in June. Eurozone inflation fell more than economists had anticipated last month, further solidifying expectations of monetary policy easing by the European Central Bank in the upcoming months. In March 2024, the annual consumer price inflation rate in the Euro Area dropped from 2.6% …