According to the flash estimate of Eurostat, Eurozone Harmonized Index of Consumer (HICP) inflation fell at an annual rate 0.1% in March as expected. The previous figure stands unrevised at -0.2%. The core rate, excluding volatile food and energy prices was 1.0% Y/Y in March, Eurostat estimated, above the previous month’s figure of 0.8%. Inflation has not come near the ECB’s goal of just under 2% since 2013. In response to persistently low inflation, the ECB will on Friday boost monthly bond purchases to EUR 80 billion from EUR 60 billion. For more information, read our latest forex news.