Confirmed drop in euro zone inflation reinforces expectations for ECB’s June rate cut plan

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Open this photo in gallery: A shopper pays with a twenty euro banknote at a local market in Nantes, France, on Feb. 1.STEPHANE MAHE/Reuters Euro zone inflation slowed across the board last month, reinforcing expectations for a European Central Bank interest rate cut in June, even as rising energy costs and a weak euro cloud the outlook, final data from Eurostat showed on Wednesday. Inflation in the 20 nations sharing the euro currency slowed to 2.4 per cent last month from 2.6 per cent in February, in line with a preliminary estimate released earlier this month. Meanwhile underlying price growth,...