Consumer-price inflation in the eurozone remained just above the ECB’s target, teeing up more interest-rate cuts as policymakers anticipate a hit to growth from higher U.S. tariffs.

By Balazs Koranyi FRANKFURT (Reuters) -Euro zone prices rose more than expected last month and underlying price pressures accelerated, an unwelcome trend that is still not expected to prevent another interest rate cut to insulate the economy from the fallout of a global trade war.

Euro-area inflation unexpectedly held steady and an underlying measure jumped in an awkward report for officials weighing how to respond to the economic hit from US tariffs.