Institution: Eurozone inflation meets expectations, euro trend stable

On August 30th, Jinshi Data reported that the current Exchange Rate of the euro against the dollar remains stable. Previous data showed that inflation in the euro area in August matched expectations, with the inflation rate dropping from 2.6% in July to 2.2% in August, and the core inflation rate dropping from 2.9% to 2.8%. Bert Colijn, an economist at ING, stated in a report: “For the Central Bank of Europe, the moderate progress of core inflation and wages, along with expectations for next year, seems sufficient to cut interest rates by 25 basis points in September.” However, he noted that this is a “slow and gradual process” because the European Central Bank is still concerned about the upside risks to the inflation outlook.