European Inflation Drop Raises ECB Rate Cut Chances

Euro area HICP inflation: ECB Staff Projections

She also warned on September 20 in Washington that the “uncertainty ahead is still profound.” Her comments came two days after the Federal Reserve lowered rates by 50 basis points. The ECB first cut rates by 25 basis points in June.

While Lagarde has taken a cautious approach to the ECB’s next rate decision, pressure may build on slowing growth across the 27-member bloc.

German unemployment climbed to 3.8% in August, compared to 3.2% year on year, the country’s Federal Statistical Office said on Friday.

“The eurozone is heading towards stagnation,” Cyrus de la Rubia, Hamburg Commercial Bank chief economist, said in an S&P Global press release on September 23.

Disclaimer:

Any opinions expressed in this article are not to be considered investment advice and are solely those of the authors. European Capital Insights is not responsible for any financial decisions made based on the contents of this article. Readers may use this article for information and educational purposes only.

This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=66f6fcecbfb948e58530494ccebbb303&url=https%3A%2F%2Fwww.benzinga.com%2Fmarkets%2Feurozone%2F24%2F09%2F41072118%2Feuropean-inflation-drop-raises-ecb-rate-cut-chances&c=3303096056350751219&mkt=de-de

Author :

Publish date : 2024-09-27 10:13:00

Copyright for syndicated content belongs to the linked Source.