本月通胀率降至1.8%，低于欧洲央行2%的目标。欧洲央行行长克里斯蒂娜·拉加德周一曾表示，她对通胀率重返2%的目标越来越有信心。More news, continuously updated
Eurozone inflation cooled down in September, the biggest month-on-month decline since January 2024. The year-on-year increase was lower than the ECB's 2% target. Analysts believe that the possibility that the ECB will cut interest rates in October has greatly increased.
On Tuesday, October 1, Eurostat released data showing:
- Eurozone's initial adjusted CPI value in September was -0.1% month-on-month, expected to be 0%, and the previous value was 0.1%.
- The Eurozone's adjusted CPI for September was an initial value of 1.8% year on year, expected 1.8%, and the previous value was 2.2%.
- The Eurozone core harmonized CPI for September was initially 2.7% year on year, expected 2.7%, and the previous value was 2.8%.
The market raised expectations that the ECB would cut interest rates in October
The inflation rate fell to 1.8% this month, below the ECB's 2% target. ECB President Christine Lagarde said on Monday that she is increasingly confident of the goal of returning the inflation rate to 2%.
At a hearing before the European Parliament's Committee on Economic and Monetary Affairs, she said, “Looking ahead, the inflation rate may temporarily rise in the fourth quarter of this year with the previous sharp drop in energy prices, but recent developments have strengthened our confidence that the inflation rate will return to target in a timely manner.”
“We will take this into account at our next monetary policy meeting in October.”
Today, ECB Governing Council member Rehn is also “releasing pigeons,” indicating that the ECB's monetary policy stance is becoming more relaxed.
Bank of America Global Research Economists have increased their expectations that the ECB will cut interest rates and are expected to cut interest rates in October.
On Tuesday, Deutsche Bank economists also advanced their forecast for the ECB's next rate cut from December to October.
Earlier on Tuesday, the market generally priced the ECB to cut interest rates by 25 basis points in October, according to LSEG data.
