ECB's Nagel Says August Core Inflation Falls to 2.4%

European Central Bank Governing Council member Nagel stated that the slowdown of core inflation in the Eurozone to 2.4% in August is a positive signal, with inflation in the services sector also easing. He noted that there are currently no signs of second-round effects in the core inflation rate. Nagel mentioned that the market has a relatively predictable outlook for the European Central Bank's interest rate decision next week, having fully absorbed the expectation of a 25 basis point rate hike. Data released on the same day showed that the overall inflation rate in the Eurozone rose to 3.3% in August, further supporting the case for a rate hike by the ECB on September 10.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.