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Saturday, October 19, 2024

Little Doubt that ECB Will Be Cutting its Interest Rate Today. Also Awaiting Turkish Central Bank Decision and Several U.S. Data Releases

Consumer price inflation in the euro area last month was just revised downward by a tenth of a percentage point to a 41-month low of 1.7%. That’s below target and down from the October 2022 peak of 10.6%. Between June and September, consumer prices were unchanged on balance. With today’s revision, service sector revision has […]

* This article was originally published here

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