MNI BRIEF: Euro Area Core Inflation Lowest Since Jan 20222

Euro area headline inflation slowed to 2.2% in March, the lowest since November, Eurostat said on Tuesday.

Core inflation, closely watched by policymakers at the ECB, also slowed, coming in at 2.4%, the lowest since January 2022.

The data, compatible with inflation sustainably reaching target by year's end, would pose no obstacle to ECB rate cutting plans. (See MNI SOURCES: ECB Still Set For 2% Deposit Rate As Yields Surge )