ECB Anticipates Rate Cuts as Eurozone Inflation Falls

Duhanicapital15 Oct, 2024Finance

As inflation in the Eurozone eases towards the target level and the region's economy shows clear signs of deterioration, markets expect faster monetary easing from the European Central Bank (ECB). Preliminary readings of September's inflation, released at the beginning of the month, revealed that inflation in the Eurozone rose by 1.8% across all items, marking the first time since 2021 that inflation has fallen below the ECB's target. Moreover, the core index, which excludes food and energy, increased by 2.7%, it continued to soften.