The ECB has said it expects inflation to fluctuate going forward but to fall to its target by the end of next year.
Inflation dropped to 2.2% in Europe, clearing way for European Central Bank rate cut in September
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ECB said in a statement that “price pressures have weakened, and inflation expectations have declined at all horizons,” allowing it to start loosening credit.
The Europe Central Bank moves ahead of the Fed in lowering rates. But future cuts may be limited.
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