The euro strengthened to $1.17 after national inflation reports showed rising prices across the four largest Euro Area economies, reinforcing expectations that policymakers will avoid cutting interest rates for now.<\/p>\n
Germany\u2019s inflation jumped to 2.4%, above the 2.3% forecast, while France (1.2%) and Spain (2.9%) also saw faster price growth, and Italy remained steady at 1.6%.<\/p>\n
Euro-zone inflation is likely to have reached a five-month high in September, with consumer prices up 2.2% year-on-year, the largest increase this year, driven by higher energy and airfare costs.<\/p>\n
Although some factors are typically ignored by the ECB, a pickup above the 2% target may encourage officials to maintain current borrowing costs.<\/p>\n
This is the last reading before the ECB\u2019s October 30 decision, with rates likely unchanged until the December meeting when new forecasts are available.<\/p>\n
Meanwhile, the dollar weakened on growing concerns over a potential US government shutdown.<\/p>\n","protected":false},"excerpt":{"rendered":"The euro strengthened to $1.17 after national inflation reports showed rising prices across the four largest Euro Area…\n","protected":false},"author":2,"featured_media":44705,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-57995","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/57995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=57995"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/57995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/44705"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=57995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=57995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=57995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}