French, Spanish inflation sinks below 2%, boosting ECB cut bets

PARIS, 27th September, 2024 (WAM) -- Inflation in France and Spain plunged below 2 percent - fuelling bets that the European Central Bank will speed up the pace of interest-rate cuts, Bloomberg reported on Friday.

Data Friday showed consumer prices in France rose 1.5 percent from a year ago in September - sinking below 2 percent for the first time in more than three years mainly due to falls in energy costs. Spa