European Central Bank ready to cut rates as inflation falls below target

- Rate cut expectedThis entry was posted in European Central Bank (ECB). to cut the key interest rate from 3.5% to 3.25%, which would be the third cut since June this year.

- Inflation is falling: Inflation in the eurozone fell in September to 1,8 %, below the target level for the first time in more than three years 2 %.

- Weak economic growthEurozone economy grew by only 0,3 %, adding to the arguments for lower rates.

- Expectations of further cuts: Analysts expect that the ECB could cut rates in Decemberif current economic developments continue.