Inflation fell to 2.2 in Europe, clearing the way for a European Central Bank rate cut in September
FRANKFURT, Germany -- Inflation in the 20 European Union countries that use the euro fell sharply to 2.2 in August, opening the door for the European Central Bank to cut interest rates as the ECB and the U.S. Federal Reserve prepare to lower borrowing costs to support growth and jobs.
Posted by Hicham ALAOUI RIZQ on 2024, Aug 30
Introduction
FRANKFURT, Germany -- Inflation in the 20 European Union countries that use the euro fell sharply to 2.2 in August, opening the door for the European Central Bank to cut interest rates as the ECB and the U.S. Federal Reserve prepare to lower borrowing costs to support growth and jobs.
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