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Eurozone March Inflation Slows Less Than Forecast

Eurozone inflation slowed less than expected in March, flash estimate published by Eurostat showed Friday.

Annual inflation fell to 2.6 percent in March from 2.7 percent in February. Economists were expecting the rate to ease to 2.5 percent.

Inflation continues to stay above the European Central Bank's 'below, but close to 2 percent' target.

The European Central Bank left its record low interest rate unchanged for the third straight time in March. The central bank has never cut the rate below 1 percent.

by RTT Staff Writer

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