Italian and Irish inflation rates fell in September, leading to potential ECB interest rate cuts and government financial support measures.

Italian inflation fell to 0.8% in September, down from 1.2% in August, while Irish inflation reached a three-year low of 0.2%, significantly below the eurozone average of 2.2%. The declines are largely attributed to decreasing energy prices. This trend may prompt the European Central Bank to consider interest rate cuts, with an 80% chance of a reduction expected on October 17. Both countries' governments are also planning financial support measures for residents.

September 30, 2024
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