FXstreet.com (Barcelona) - Consumer prices slowed down to a record low year on year increase of 0.6% in March, down from a 1.2% year on year increase in February, according to the Flash estimate released by Eurostat.

Eurozone inflation rate has never been this slow 1996 when records began, this will most likely add reasons to the ECB to cut interest rates on the next monetary policy meeting, on Thursday.