FRANKFURT (Reuters) -Euro zone inflation held steady a touch above the ECB's 2% target in April but underlying price pressures picked up more than projected, likely making some ECB policymakers nervous, even if a trade war may justify more interest rate cuts.

Economists polled by Reuters had been expecting the reading to come in at 2.1% in April compared to March's 2.2% as inflation has been easing back towards the European Central Bank's 2% target. Euro zone inflation was unchanged at 2.

Inflation in Peru’s capital rose faster than expected in April, but remains comfortably within the central bank’s target band.