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French Consumer prices in September fell more than initially expected, according to the INSEE statistics agency, revising the annual consumer price index to 1.4%. This revision has raised speculation for a possible ECB rate cut this week.
Inflation in France hit its lowest level since early 2021, dropping from 2.2% in August to 1.4% in September, contrary to the initial forecast of 1.5%.
The euro zone has been experiencing above-target price growth for an extended period, driven by factors such as high energy costs, production challenges post-pandemic, corporate behavior, and substantial fiscal support.
The European Central bank has implemented consecutive interest rate hikes to curb rapid price growth, leading to discussions among policymakers about the pacing of future rate cuts.
Having already reduced rates twice this year, the ECB is anticipating a cut to the 3.5% deposit rate on October 17, as financial markets reflect high expectations for accelerated policy easing.
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Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.
