tldr; Eurozone inflation rates have dropped to 1.8% in September, the lowest since mid-2021, down from 2.2% in August and 4.3% in September 2023. This decline has fueled speculation of potential interest rate cuts by the European Central Bank (ECB) in October. Core inflation, excluding volatile items, is at 2.7%. The ECB previously reduced rates from 4% to 3.5% and may cut further to 3.25%. ECB President Christine Lagarde projects economic growth and resilient labor markets, with inflation expected to stabilize.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
middlemangv on
Noup. Inflation is crazy and it doesn’t feel like it’s going down.
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tldr; Eurozone inflation rates have dropped to 1.8% in September, the lowest since mid-2021, down from 2.2% in August and 4.3% in September 2023. This decline has fueled speculation of potential interest rate cuts by the European Central Bank (ECB) in October. Core inflation, excluding volatile items, is at 2.7%. The ECB previously reduced rates from 4% to 3.5% and may cut further to 3.25%. ECB President Christine Lagarde projects economic growth and resilient labor markets, with inflation expected to stabilize.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Noup. Inflation is crazy and it doesn’t feel like it’s going down.