Lowest euro zone inflation in 3 years sets up ECB for cut

FILE - Signage is seen outside the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. Inflation in the 20 countries sharing the euro currency fell to 2.2% this month.

Inflation in the euro zone fell to its lowest level in three years in August, setting the stage for a further cut in the European Central Bank's interest rates next month despite an Olympics-driven surge in the price of services.