Flags of the European Union flutter in front of the headquarters of the European Central Bank (ECB) in Frankfurt am Main, western Germany, on December 12, 2024, prior to the bank's press conference on monetary policy in the eurozone. - Faced with a stuttering economy, political turbulence in the eurozone and the prospect of renewed trade tensions with the United States, the European Central Bank is set to cut interest rates again. It would be the ECB's third straight reduction as it increasingly focuses on spurring lending to boost consumer spending and business investment in the 20 countries that use the euro. (Photo by Kirill KUDRYAVTSEV / AFP)
BRUSSELS, Belgium — Eurozone inflation edged up in September, buoyed by energy costs, official data showed Wednesday. This rise reinforces expectations that the European Central Bank (ECB) will not make further interest rate cuts this year.
Inflation rose to 2.2 percent last month, up from two percent in August, according to the EU’s statistics agency. This figure remains above the ECB’s two-percent target.
https://business.inquirer.net/550214/eurozone-inflation-accelerates-to-2-2-in-september
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