IFR market analyst Divyang Shah said that final inflation data in the Eurozone is generally unimportant. However, final data for September showed that the service sector inflation rate fell to 3.9% from 4.0% released earlier this month. Since November 2023, with the exception of April, which recorded 3.7% due to Easter, inflation in the service sector has been at least 4%. The Eurozone seems to have finally escaped its difficult service sector inflation. These data will help bolster the ECB's confidence that inflation will reach the 2% target in the medium term and pave the way for continuous interest rate cuts. It is expected that from now until mid-2025, the ECB will cut interest rates at every meeting, ending the current easing cycle with a deposit interest rate of 2.00%.

IFR market analyst Divyang Shah said that final inflation data in the Eurozone is generally unimportant. However, final data for September showed that the service sector inflation rate fell to 3.9% from 4.0% released earlier this month. Since November 2023, with the exception of April, which recorded 3.7% due to Easter, inflation in the service sector has been at least 4%. The Eurozone seems to have finally escaped its difficult service sector inflation. These data will help bolster the ECB's confidence that inflation will reach the 2% target in the medium term and pave the way for continuous interest rate cuts. It is expected that from now until mid-2025, the ECB will cut interest rates at every meeting, ending the current easing cycle with a deposit interest rate of 2.00%.