Lowest Euro Zone Inflation in 3 Years Sets Up ECB for Cut

EROPA - FRANKFURT/TALLINN. Inflation in the euro zone fell to its lowest level in three years in August, setting the stage for a further cut in the European Central Bank's interest rates next month despite an Olympics-driven surge in the price of services.

The ECB has started winding down a two-year campaign against high inflation that followed the brisk reopening of the economy after the COVID-19 pandemic and Russia's invasion of Ukraine.

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