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Borrowing costs are set to be cut further this week at the European Central Bank.
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This is good news for corporates, but it is unclear if it will benefit farmers directly.
The pace of price rises across the euro-area has slowed considerably in recent months.
In his recent report on European competitiveness, former ECB president Mario Draghi has argued for zonal pricing in the EU, and some US states have already moved in this direction.
Especially if carried forward into next year, the loosening of monetary policy by the ECB is itself a reflationary boost.
Farm investment decisions are more constrained by uncertainty than interest rates.
Latest inflation data gives the ECB room to start cutting interest rates
Higher than expected interest rates contribute to strong set of results from AIB for first half of 2024.
