{{Eurozone inflation is running at its lowest rate in more than three years.}}<\/p>\n
Consumer price inflation fell to an annual rate of 1.1% in September from 1.3% in August according to Europe’s statistics agency Eurostat.<\/p>\n
A fall in energy prices helped to ease inflation. Price rises in food, alcohol and tobacco moderated, also helping.<\/p>\n
Economists say slowing inflation gives the European Central Bank (ECB) more freedom to help the eurozone’s weak economic recovery.<\/p>\n
The ECB targets an annual inflation rate of below, but close to 2%.<\/p>\n
“The ECB has plenty of scope to loosen monetary policy further,” said James Howat, European economist, at Capital Economics in a research note.<\/p>\n
“At the very least, further action to boost liquidity in the banking sector looks increasingly likely.”<\/p>\n
Low rates
\nThe ECB could boost the banking sector by offering eurozone banks a one-off chance to borrow at low rates for relatively long periods of time.<\/p>\n
A similar operation at the end of 2011 offered banks cheap financing for three years and is credited with helping to keep the cost of borrowing low.<\/p>\n
Mr Howat says it may announce a similar policy in its October policy meeting, or perhaps later in the year.<\/p>\n
But economists say the ECB is unlikely to cut interest rates in October as economic data has shown signs of improvement.<\/p>\n
It may also repeat its forward guidance that interest rates will remain at the present level, or be lower, for an extended period of time.<\/p>\n
The ECB’s main interest rate stands at 0.5%.<\/p>\n","protected":false},"excerpt":{"rendered":"
{{Eurozone inflation is running at its lowest rate in more than three years.}} Consumer price inflation fell to an annual rate of 1.1% in September from 1.3% in August according to Europe’s statistics agency Eurostat. A fall in energy prices helped to ease inflation. Price rises in food, alcohol and tobacco moderated, also helping. Economists […]<\/p>\n","protected":false},"author":1,"featured_media":2000048554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[101],"byline":[170],"hashtag":[],"class_list":["post-10692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-internationl","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000048554,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton10692.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton10692.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton10692.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton10692.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton10692.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton10692.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/10692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=10692"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/10692\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000048554"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=10692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=10692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=10692"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=10692"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=10692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}