India, April 3 -- Eurozone consumer price inflation as well as core price growth softened in March raising the likelihood of an interest rate cut by the European Central Bank in June, which would mark an end to the aggressive tightening cycle seen in the past few years.
The harmonized index of consumer prices registered an increase of 2.4 percent annually, slower than the 2.6 percent rise in February, flash data from Eurostat showed Wednesday. Prices were forecast to climb 2.5 percent.
Likewise, core inflation that excludes volatile prices of food and energy eased more-than-expected to 2.9 percent in March from 3.1 percent in the previous month. The rate was seen at 3.0 percent.
Last month, the ECB had kept its main refinancing rate, or ...