Pan Sen Macro: Inflation easing expected to lead to a rate cut by the European Central Bank in September

GoldenOctober2024

2024-08-20 12:51:24

According to Claus Vistesen’s report from Pantheon Macroeconomics, inflation in the eurozone should ease in the future, allowing the European Central Bank to cut interest rates again in September. Tuesday’s data showed that consumer prices in the eurozone rose by 2.6% last month, slightly higher than the previous month, mainly due to the energy base effect. However, Vistesen said that energy inflation is expected to ease in the coming months, bringing the overall inflation rate closer to the European Central Bank’s target of 2%, ‘which should help with the interest rate cut in September.’

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