German Prices Slow More Than Expected as ECB Weighs Next Move

German inflation slowed more than anticipated in March, nearing the European Central Bank’s 2% target as officials ponder whether to lower interest rates again at their next meeting or pause.

Consumer prices advanced 2.3% from a year ago, down from 2.6% in February, the statistics office said Monday. Economists polled by Bloomberg had predicted an increase of 2.4%. Closely watched services costs, in particular, saw a marked retreat.