Eurozone inflation fall defies projections, buoying hopes of ECB interest rate cuts
"It would be surprising if the ECB cut rates already in April," Sander Tordoir, senior analyst at the Centre for European Reform (CER), told Euractiv.
"The Governing Council [the ECB’s rate-setting body] has clearly signalled they want to wait for May wage data," he stressed.
He added: "The insurance bias to guard against a reacceleration of inflation will likely dominate any data releases pointing to faster disinflation."