FRANKFURT, Germany — Inflation in the 20 countries that use the euro fell to 1.9% in May from 2.2% in April, clearing the way for more rate cuts from the European Central Bank to support growth in the face of President Donald Trump’s tariff offensive.

Lower energy prices helped bring consumer prices in May to below the ECB’s 2% target for the first time since September. Increasing signs that inflation is back under control after a painful outbreak in 2021-23.

Reductions in the ECB’s benchmark rate, currently at 2.25%, lower borrowing costs throughout the economy.

The ECB’s rate-setting council meets Thursday under bank President Christine Lagarde to determine the next step on rates. Analysts expect a cut of a quarter-percentage point. — Associated Press