Reported about 1 month ago
Inflation in the Eurozone decreased to 2.2% in August from 2.6% in July, enabling the European Central Bank (ECB) to consider a rate cut at its September meeting. The decline was aided by a 3% drop in energy prices, with Germany reporting a lower inflation rate of 2%. Economists predict a quarter-point reduction in the key rate as the ECB balances the need to support economic growth against potential inflationary pressures, especially following previous rate hikes to combat high inflation rates that peaked at 10.6% in October 2022.
Source: YAHOO