According to Jinshi, Andrew Cunningham, chief economist of Capital Economics Europe, said that the European Central Bank now looks very likely to start cutting interest rates in June. Eurozone inflation unexpectedly slowed in March, and the same was true for the closely watched core inflation rate after excluding more volatile indicators such as energy and food. Service inflation remained at the same level, but this is likely due to the early Easter holiday, and inflation in April should ease. The overall decline puts inflation on track to reach the 2% target in the second half of this year, allowing ECB policymakers to start easing policy by cutting interest rates at the June meeting.