The August inflation figures for the Eurozone came in slightly above expectations, with the core Consumer Price Index (CPI) annual rate standing at 2.3% and a deceleration in the rise of service prices. Collectively, these data points suggest that both inflation and the broader economic situation remain manageable. Consequently, the European Central Bank (ECB) is poised to keep interest rates unchanged at its September policy meeting. Some analysts predict that inflation will stabilize around the 2% mark for the remainder of the year, further dimming prospects of any additional interest rate cuts by the central bank in 2019.
