Europe's inflation fell 2.2%, paving way for ECB rate cut in September

FRANKFURT, Germany: Inflation in the eurozone has significantly decreased to 2.2 percent in August, down from 2.6 percent in July, according to Eurostat, the European Union's statistics agency.

This decline could lead the European Central Bank (ECB) to cut interest rates, mirroring potential moves by the U.S. Federal Reserve to lower borrowing costs to stimulate economic growth.

The drop in inflation brin