Europe's inflation falls below 2%, opens the way for faster rate cuts

FRANKFURT, Germany: Inflation in the eurozone fell to 1.8 percent in September, dropping below the European Central Bank's (ECB) target of two percent for the first time in over three years, according to Eurostat data.

This decline, driven by falling energy prices, comes as a relief to consumers and raises the possibility of the ECB accelerating interest rate cuts.

Inflation had previously stood at 2.2 p