Economists polled by Reuters expected the rate to hold steady on the prior month at 2.6%.
Inflation in the 20-nation euro zone eased to 2.4% in March, according to flash figures published Wednesday.Markets expect the central bank will begin lowering interest rates in June — a position reflected in the recent messaging of ECB decision-makers.
Economists polled by Reuters had forecast the rate would hold steady against the previous month at 2.6%. However, inflation in services — a key watcher for the European Central Bank — remained stuck at 4% for a fifth straight month, pointing to continued pressure from wage growth.
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