With inflation down, ECB eyes faster tempo of rate cuts …C0NTINUE READING HERE >>>
The ECB has been lowering rates this year as inflation eases.
Photo: Kirill KUDRYAVTSEV / AFP
Source: AFP
The European Central Bank is expected to lower interest rates again this week as anxiety about inflation in the eurozone fades and concerns over sluggish growth mount.
Inflation fell to 1.8 percent across the 20 members of the euro area in September, the first time it has been below the ECB’s target of two percent since 2021.
While the rate is expected to tick up again towards the end of the year, the sense that consumer prices are back under control has grown.
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