Before the ECB’s interest rate decision
THE inflation in eurozone slowed more than forecast in September to 1.7% over the year, against a first estimate of 1.8%, Eurostat said today, just ahead of a possible rate cut by the European Central Bank (ECB ).
The ECB is concerned about signs of an economic slowdown in the eurozone, where inflation appears to be starting to come under control.
Consumer price developments, better than expected last month thanks to falling energy prices, are expected to encourage it to cut interest rates to stimulate consumption and investment.
Inflation fell below the 2% mark in Septemberthe target set by the monetary institution, for the first time since June 2021.
In August it had reached 2.2%, after 2.6% in July.
