Central Banks
ECB Gears Up for Next Interest Rate Cut With Inflation Slowing
- Price growth probably eased to 2.2% in August, survey shows
- Officials in Jackson Hole say September may see rates lowered
The headquarters of the European Central Bank in Frankfurt.
Photographer: Alex Kraus/Bloomberg
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European Central Bank officials talking up the prospect of another reduction in interest rates next month will take heart from forecasts suggesting inflation is plummeting back toward their target.
Nine members of the ECB’s rate-setting Governing Council are attending the Federal Reserve’s annual get-together in Jackson Hole this week, with several already making the case to further loosen monetary policy on Sept. 12.