Euro zone inflation remains on benign path, easing need for rate cut

Euro zone inflation remains on a benign path, a raft of data indicated on Friday, supporting economists’ bets that it will hold around target for years to come and no more European Central Bank rate cuts are needed.

Inflation has been hovering around the ECB’s 2 per cent target for most of this year and policymakers see it near this level over the medium-term, a rare success for a bank