Euro zone inflation fall confirmed

Euro zone inflation slower further and even underlying price pressures appear to have peaked, Eurostat data showed on Friday, easing pressure on the European Central Bank to keep raising rates after its fastest rate-hike cycle on record.

The ECB has lifted rates from deep in negative territory to two-decade-highs in just a year to combat a historic surge in inflation and policymakers are now contemplating whether they have done enough to put price growth back on a path to 2%.