Eurozone Inflation Declines, ECB Poised for Further Rate Cuts

German and Spanish inflation rates drop, reinforcing expectations for the European Central Bank to ease monetary policy.

German inflation falls to 2% in August, hitting the ECB's target for the first time since 2021.
Spanish inflation reaches a one-year low, with consumer prices rising 2.4% from a year ago.
The ECB is expected to cut interest rates in September, following an initial reduction in June.
Lower energy prices and favorable base effects contribute to the decline in inflation.
Despite easing inflation, underlying price pressures and services costs remain significant concerns for policymakers.