FRANKFURT (Reuters) -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% target for most of this year and policymakers see it near this level over the medium-term, a rare success for a bank that struggled with ultra-low inflation for a decade before a post-pandemic surge to above 10%.

Inflation in France held steady at 0.8% this month, eased a touch to 3.1% in Spain, and was broadly unchanged in many of Germany’s largest states, keeping the overall euro zone figure, to be published on Tuesday, on course for a steady reading at 2.1%.

NO MORE RATE CUTS SEEN

Meanwhile, consumers s

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