Eurozone Inflation Cools for Third Straight Month, Approaching ECB Target

• Inflation in the eurozone slowed for the third month in a row, down to 2.4% in March from 2.6% in February.

• The cooling inflation is approaching the European Central Bank's (ECB's) target of 2%.

• Germany's inflation specifically has slowed to the lowest level since June 2021 at 2.3% in March.

• The ECB may soon start cutting interest rates from 4%, but is likely waiting for further evidence that the slowdown is sustained.

• Inflation is also cooling in the United States and United Kingdom, though those central banks remain cautious on cutting rates for now.