Inflation in Europe falls below 2 per cent, opens way for faster rate cuts

Eurozone inflation dropped to 1.8% in September, falling below the European Central Bank's 2% target for the first time in over three years. This decline is attributed to falling energy prices. Economists are now considering the possibility of a rate cut at the ECB's October 17 meeting. The bank has already trimmed rates twice in response to economic conditions.
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