Euro zone inflation unexpectedly eases, boosting rate cut case

The headquarters of the ECB is seen in Frankfurt, Germany. — AFP

FRANKFURT: Euro zone inflation fell unexpectedly last month, solidifying the case for the European Central Bank to start lowering borrowing costs from record highs.

Consumer price growth in the 20 nations sharing the euro currency slowed to 2.4% in March from 2.6% a month earlier, defying expectations for a steady rate as food, energy and industrial goods prices all pulled the headline figure lower.