Eurozone annual inflation fell 3.2% in October 2008; Further ECB rate cuts likely
Nov 14th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Eurozone annual inflation was 3.2% in
October 2008, down from 3.6% in September. A year earlier the rate
was 2.6%. Monthly inflation was 0.0% in October 2008. The fall in inflation and
the expectation that inflation will meet the European Central Bank's target of
"below but close to" 2% in 2009, signals further ECB rate cuts.