France’s inflation rate fell to its lowest level in four years, taking it further below the European Central Bank’s target and priming the bank for a fresh cut to interest rates next week. Consumer prices in the country rose 0.

The European Central Bank will trim its deposit rate again next week to 2.50%, according to all 82 economists polled by Reuters who expected two further cuts by the middle of this year.

The European Central Bank is getting closer to a pause in interest cuts since it is no longer clear that policy remains restrictive and energy price surges raise inflation risks, ECB board member Isabel Schnabel has said.