ECB mulls second interest rate cut as eurozone inflation falls to 2.2%

Drop to lowest level since 2021 may lead to cut in September though unemployment figures give cause for concern

Eurozone inflation fell this month to its lowest since June 2021, adding to the case for the European Central Bank (ECB) to cut interest rates in September.

Inflation in the single currency bloc dropped to 2.2% in August, down from 2.6% in July, and barely above the ECB's 2% target.