Reported about 1 month ago
German inflation has fallen to 2%, aligning with the European Central Bank's target and paving the way for a potential interest rate cut next month. This decrease marks the lowest inflation rate since 2021, down from 2.6% in July, and comes amidst easing price pressures in other Eurozone countries. Economists expect the ECB to consider this data in their upcoming decision, potentially leading to more gradual rate reductions as economic momentum shows signs of faltering.
Source: YAHOO