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Eurozone annual inflation fell to 1.7% in September from 2.2% in August, statistics agency Eurostat said on Thursday. In the wider EU, inflation was down to 2.1% in September from 2.4% in August. The European Central Bank is widely expected to cut interest rates again later on Thursday as inflation continues to fall. #ICIS #inflation #Eurozone #ECB #interestrates #Eurostat #ONS https://lnkd.in/e3prAvFC

The European Central Bank kept rates on hold in their April meeting but, in line with expectations, continued to lay the path for an imminent cut. That was only tempered by the Council acknowledging that domestic inflation remained elevated.  Fair enough. However, the ECB also assessed that growth was weak in early 2024 and that a gradual recovery is underway.  With respect to inflation, the ECB sees wages moderating, which is a reasonable conclusion based on recent data. President Lagarde also appears to be taking comfort in most measures of underlying inflation falling. Pencil in a 25bp cut in June.

Eurozone Sept inflation falls to 1.7% as ECB interest rates decision pending Eurozone annual inflation fell to 1.7% in September from 2.2% in August, statistics agency Eurostat said on Thursday. In the wider EU, inflation was down to 2.1% in September from 2.4% in August. The European Central Bank is widely expected to cut interest rates again later on Thursday as inflation continues to fall. #ICIS #inflation #Eurozone #ECB #interestrates #Eurostat #ONS https://lnkd.in/gpVjTMbd

ECB cuts interest rates again as inflation cools! The European Central Bank has cut interest rates for the third time this year, saying inflation in the euro zone was increasingly under control while the outlook for the wider economy was worsening. The first back-to-back rate cut in 13 years marks a shift in focus for the euro zone's central bank from bringing down inflation to protecting economic growth, which has lagged far behind that of the US for two years in a row. "We believe the disinflationary process is well on track and all the information we received in the last five weeks were heading in the same direction - lower," ECB President Christine Lagarde told a press conference after an ECB statement which also noted "recent downside surprises" on economic activity. Read the full article here >> https://lnkd.in/exqg7k-q #ecb #inflation #InterestRates2024 #financialplanner #celbridge (Image credit: courtesy of Reuters)

Eurozone Inflation falls to 2.2% in August! Figures released in August show EU inflation has fallen to a three-year low of 2.2% in August 2024 - this is a great sign for future European Central Bank rate cut expectations. Germany and Spain both beat expectations with a lower Inflation rate in August than analysts anticipated. Whereas, France, the holder of the 2024 Olympics, reported a higher-than-expected figure. Markets are betting on a further rate reduction from the European Central Bank to 3.5% in their September 2024 meeting as inflation levels near the target of 2%. The European Central Bank cut rates in June by a quarter point and the Bank of England did so in August. However, an uptick in Eurozone service inflation to 4.2% may add caution to some of these hopes. follow Perpetuity for more financial news and explainers #ECB #Inflation #CPI

Euro Zone Inflation Rises to 2.6% in May, ECB Rate Cut Still Expected Euro zone inflation rose to 2.6% in May, according to Eurostat, surpassing expectations of 2.5%. Despite this increase, markets remain confident that the European Central Bank (ECB) will cut interest rates next week. Core inflation, excluding volatile items, climbed to 2.9% from 2.7% in April. The ECB is anticipated to reduce rates for the first time since 2019 at its June 6 meeting, maintaining strong signals from policymakers. The euro strengthened slightly against the U.S. dollar and British pound following the inflation data release. #EuroZone #Inflation #ECB #InterestRates #Economy #FinancialNews #Eurostat #MonetaryPolicy #Forex #MarketTrends

European Central Bank has begin its easing rates cycle by 25 bps, it is the first among major bank to ease interest rates.ECB president quoted optimistic outlook for the economy citing moderating interest rates to spur the dampen demand within the euro countries, strong wage growth with elevated inflation is worrisome for which the bank looks to be in restrictive zone for as longer as it is needed. This move shows the regain confidence of ECB in the economy after five quarters of stagnation. So far, in the first quarter of 2024 economy has grew at 0.3% and with improving global demand and hopefully easing of geopolitical unrest, the growth would expand in further quarters. #ECB #ratecuts #economy

📉 This could not be even the last cut rate. The European Central Bank also monitors economic indicators closely, significantly as inflation in the Eurozone fell to 1.7% in September, aided by a drop in energy prices. However, core inflation remains at 2.7%.   🌍 But measures beyond rate cuts may be needed to reignite the block’s economy. See more in our complete analysis: https://cutt.ly/VeSTk2l2.   #euro #inflation #rates #investment

European Central Bank Cuts Key Interest Rate by 25 bps to 3.25% as Inflation Fades! Despite recent signs of disinflation, domestic inflation remains high due to rising wages, though labour cost pressures are easing. The ECB aims to return inflation to its 2% target and will maintain restrictive rates as long as necessary. Decisions will continue to be data-dependent, with no pre-commitment to a specific rate path.

The European Central Bank (ECB) cut its key interest rate to 3.25% this afternoon, its third quarter-percentage-point reduction of the year. It is the first time the ECB has reduced rates at consecutive meetings since December 2011. Headline inflation in the eurozone eased to 1.8% in September, coming in below the ECB’s 2% target for the first time in three years. Another key factor has been the eurozone growth outlook. The ECB trimmed its eurozone growth forecast for 2024 last month on weaker domestic demand, now projecting a 0.8% GDP rise, compared with 0.9% previously with its biggest economy, Germany facing a second consecutive year of recession for the first time since 2003. The Euro has weakened against its major currency peers and is trading at an 11-week low against the US Dollar. Against the Pound, the Euro is down amongst its lowest levels since April 2022. If you need to buy Euros, opportunity knocks.