*Iceland Central Bank Lowers Interest Rates By 50 Basis Point

*European Commission Spring Forecasts: 2010 Inflation Seen At 1.8% In EU, 1.5% In Eurozone

Euro Drifts Higher Against Most Majors Amid Euro-zone Retail Sales Report

*European Commission: Speed Of Recovery Forecast To Increasingly Vary Across EU Countries

*European Commission Spring Forecasts: EU Growth Seen At 1% This Year, 1.7% In 2011