1/10/2024, 3:44:03 pm

Inflation in Europe falls below 2% and opens the way for faster rate cuts

Eurozone inflation fell to 1.8% in September, below the European Central Bank's 2% target, as energy prices decreased, paving the way for potential interest rate cuts amid anemic growth outlook. This marks the first time inflation has been below target in over three years, increasing expectations of a rate cut at the ECB's October 17 meeting.