Goldman Sachs on Friday forecast the European Central Bank will start cutting interest rates starting June, not from April like previously expected.

The Wall Street brokerage now expects five 25-basis-point cuts in the year, down from six earlier.

Inflation across the 20-nation euro zone fell to 2.6% in February from 2.8% a month earlier, just shy of expectations for 2.5%, according to data from Eurostat, the EU's statistics agency.

(Reporting by Roshan Abraham in Bengaluru; Editing by Devika Syamnath)