Reported about 1 month ago
Recent data shows that Euro-area inflation dropped to 2.2% in August, the lowest level since mid-2021, prompting discussions for a potential interest rate cut by the European Central Bank in the coming weeks. While core inflation also eased slightly, leading economists predict that further cuts may occur this year as officials continue grappling with inflationary pressures, especially in the services sector. The recent drop in unemployment to 6.4% adds complexity to the economic landscape, as some policymakers urge caution against hastily reducing rates.
Source: YAHOO