{"id":136518,"date":"2024-08-30T20:30:38","date_gmt":"2024-08-30T17:30:38","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136518"},"modified":"2024-08-30T15:51:49","modified_gmt":"2024-08-30T12:51:49","slug":"inflation-in-the-eurozone-falls-reaching-a-three-year-low","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/inflation-in-the-eurozone-falls-reaching-a-three-year-low\/","title":{"rendered":"Inflation in the Eurozone Falls, Reaching a Three-Year Low"},"content":{"rendered":"

This decline<\/strong><\/a> has fuelled speculation that the European Central Bank (ECB) may cut interest rates in September. Core inflation, which excludes variable items such as energy and food, also fell slightly to 2.8%, again matching expectations.<\/p>\n

In response to the inflation news, the euro fell 0.1% against the British pound and rose marginally against the US dollar. Traders are now expecting interest rate cuts from both the ECB and the US Federal Reserve.<\/p>\n

ECB chief economist Philip Lane hinted at a potential rate cut, warning that keeping rates too high could prevent inflation from reaching the ECB\u2019s 2% target. However, ECB Executive Board member Isabel Schnabel called for a more cautious approach to interest rate cuts.<\/p>\n