Inflation fell to 2.2% in Europe, clearing the way for a European Central Bank rate cut in September
Headline from WHEC Rochester
FRANKFURT, Germany (AP) — 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.
WHEC Rochester's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
FRANKFURT, Germany (AP) — 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.
Eurozone inflation fell to its lowest level in more than three years this month thanks to falling energy costs, official data showed on Friday, raising
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Inflation fell to 2.2% in Europe, clearing the way for a European Central Bank rate cut in September | Since Then