Mark Schrörs

The European Central Bank has made significant progress in bringing down inflation but can’t declare victory just yet, according to Vice President Luis de Guindos.

European Central Bank Governing Council member Klaas Knot urged European governments to get their finances in order — highlighting France’s particular need to do so.

Euro-area inflation slowed more than initially reported – cementing the case for a second straight interest-rate cut by the European Central Bank.

The European Central Bank is set to lower interest rates for a second straight meeting — quickening the speed of cutting after data showed that the rapid retreat in inflation is being accompanied by a deteriorating economy.

German industrial production rebounded in August to erase a drop a month earlier, offering some hope of stabilization for manufacturing as Europe’s largest economy grapples with recession fears.

Inflation sank across six German states in September — suggesting a slowdown in national data due later in the day that will further fuel calls the European Central Bank to cut interest rates in October.

Germany’s economy may already be in recession, but a severe economic slump looks unlikely as things stand, according to the Bundesbank.

The European Central Bank has made good progress in bringing inflation down, but needs patience to fully reach the 2% target, Governing Council member Joachim Nagel said.

The European Central Bank is set to lower interest rates again, but will remain tight-lipped on the pace and extent of further action with inflation not yet fully defeated.

German industrial production dropped in July — highlighting the underlying troubles of Europe’s largest economy after it unexpectedly shrank last quarter.