ECB set to take comfort from underlying inflation reading later this week

Eurozone's annual gauge of underlying price growth is expected to have slowed to 4.8% in September, reaching a 12-month low

European Central Bank president Christine Lagarde is to attend a European Parliament hearing.

Central banks on each side of the Atlantic are likely to take comfort this week from a slowdown taking hold in key underlying measures of consumer-price growth. 

The eurozone's annual gauge of underlying price growth is expected to have slowed to 4.8% in September — a 12-month low.