New forecast from Goldman Sachs
Goldman Sachs has reduced the number of interest rate cuts it expects the European Central Bank (ECB) to make.
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Goldman Sachs has projected that the European Central Bank will begin cutting interest rates in June rather than April, as previously expected.
Goldman Sachs has lowered its expectation for 25-basis-point cuts from six to five.
According to data from Eurostat, the EU's statistical office, inflation in the 20-country Eurozone fell from 2.8 percent in January to 2.6 percent in February, coming in below the 2.5 percent expectation.