"Victory against inflation is in sight," French central bank governor and ECB rate-setter Francois Villeroy de Galhau said last week. "A cut is very likely," he said ahead of Thursday's ECB meeting, adding that "it will not be the last."
The slowdown of the September inflation rate was due to changing energy costs, which fell by 6.1% compared to the same month last year.
Consumer prices soared in the wake of the coronavirus pandemic and Russia's invasion of Ukraine, with inflation peaking at 10.6% in October 2022.
The Frankfurt-based ECB's focus is now shifting to dealing with weak economic growth in the 20-country eurozone.
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