German inflation declined further below the European Central Bank’s 2% target in September, further raising the chance of a consecutive interest-rate cut at the bank’s next meeting in October.Consumer prices were 1.

By Maria Martinez and Rachel More BERLIN (Reuters) -German inflation fell to its lowest level since February 2021 this month, preliminary data showed on Monday, helping European Central Bank doves build their case for another interest rate cut next month.

At its September meeting, the ECB had cut its key deposit rate for a second time this year, taking it down to 3.50 percent from 3.75. However, Lagarde had indicated at the time that the Bank would probably wait until December before moving again, due to ongoing uncertainties around lingering inflation, especially in the services sector.