German and Spanish inflation fell more than expected in August, boosting the chances of more European Central Bank interest rate cuts.
The harmonised annual inflation rate for Germany’s economy, the Eurozone's largest, declined to a three-year low of 2 per cent from 2.6 per cent in July, the country’s Federal Statistics Office said on Thursday.
The figure — the lowest since March 2021 — was also below the 2.3 per cent estimate of economists polled by Reuters.
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