FRANKFURT, Germany (AP) — Inflation in the 20 European Union countries that use the euro fell sharply to 2.2% in August, opening the door for the European...
FRANKFURT , Germany — Inflation in the 20 European Union countries that use the euro fell sharply to 2.2% in August, opening the door for the European Central Bank to cut interest rates as the ECB and the U.S. Federal Reserve prepare to lower borrowing costs to support growth and jobs.
The monthly figure is now close to the ECB’s target of 2%, the level considered best for the economy. The central bank is charged with maintaining stable prices under the treaty that set up the European Union. Not all of the EU’s 27 countries use the euro. Colin Farrell's return to Batman, a new series of Gemma Arterton's hit show, and Sky comedy favourite Brassic are just some of the highlights of the month.Gosal resigns as deputy Scottish Tory chairwoman and endorses Findlay as leader
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