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The Independent UK
The Independent UK
National
David McHugh

Inflation eases to 2.4% in Europe, supporting likely central bank rate cut

Europe Economy - (Copyright 2024 The Associated Press. All rights reserved)

Inflation in Europe eased to an annual 2.4% in February, supporting the case for another interest rate cut from the European Central Bank but leaving open how far the central bank will go in lowering borrowing costs for an economy that's still struggling to show robust growth.

The February figure for the 20 countries that use the euro currency was down from 2.5% in January as energy inflation dwindled and major economy France saw a rate of only 0.9%, the European Union's statistical agency Eurostat reported Monday.

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