European indices are declining against the background of data on inflation in the eurozone

European stock markets saw a predominant decline in key indices on Wednesday, due to the publication of final inflation data in the eurozone. 

According to the trading results, the British FTSE 100 decreased by 0.09%, reaching 8,697.4 points. The French CAC 40, on the contrary, showed an increase of 0.43%, rising to 8,149.53 points, while the German DAX lost 0.42%, falling to 23,294.4 points.

Market participants are reacting to the final inflation estimate provided by the statistical service of Eurostat. By the end of February, annual inflation in the eurozone slowed to 2.3% after 2.5% in January, although a less significant decrease to 2.4% was previously expected.

These statistics are taken into account by the ECB when forming monetary policy. At the last meeting in March, the regulator lowered the key interest rate from 2.9% to 2.65% per annum. Experts predict that in April and June of this year, the ECB may continue to cut the rate, bringing it to the level of 2%.