Hotter eurozone inflation, stronger growth and record low unemployment wipe out bets for a 50bp cut - London Business News | Londonlovesbusiness.com

Eurozone inflation rose from 1.7% to 2.0% in October, while core inflation remained at 2.7%. Unemployment hit a record low of 6.3%.

The recent GDP data and the unexpected drop in unemployment indicate that the current inflation surge is manageable, and there's no immediate concern for policymakers.

While inflation is expected to rise, the core inflation is projected to settle around the 2% mark next year, suggesting a stable outlook.

Concerns over inflation undershooting have diminished as the labour market's surprising resilience appears to withstand potential risks from an economic downturn.

Read at London Business News | Londonlovesbusiness.com