France March final CPI +1.7% vs +1.7% y/y prelim

France's final March CPI confirmed annual inflation at +1.7%, matching the preliminary estimate and indicating persistent but stable price pressures. The unchanged reading supports the view that eurozone inflation dynamics remain anchored ahead of the ECB's policy decision, limiting immediate repricing in rate expectations. Given the lack of surprise, the main transmission channel is via aggregate eurozone inflation sentiment, with modest implications for French government bond yields and the euro in the context of broader ECB forward guidance. Markets continue to price in a June rate cut from the ECB, contingent on incoming data. Traders will watch the final eurozone-wide HICP release for March, due April 17, for confirmation of disinflation progress.

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