INFLATION DOWN: Inflation in the 16 countries that use the euro fell in August, as consumer prices rose by 1.6 percent in the year to August, down from July's 20-month high rate of 1.7 percent.
BELOW TARGET RATE: Inflation remains below the European Central Bank's target of close to, but below 2 percent. Most analysts think inflation is unlikely to spike, because of easing oil prices and 10 percent unemployment keeping wage demands low high quality business cards.
INTEREST RATES LIKELY TO STAY LOW: With inflation seen as under control and unemployment still high, the European Central Bank is expected to keep its main interest rate unchanged at 1 percent when policymakers meet Thursday.
Summary Box: Europe inflation cools off in August
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