"Eurozone inflation was 2.2% in November, accelerating 0.1 percentage points from the previous month."
"Among the major economies, Germany's inflation rate stood out, rising to 2.6% year-on-year, its highest pace in nine months."
"Meanwhile, data from the Eurozone labour market shows that the unemployment rate was unchanged in October at 6.4%, a level that has now persisted since May."
"With inflation still running above with the European Central Bank's target, we anticipate the benchmark interest rate to be held at 2% at the upcoming meeting in December."
Eurozone inflation was 2.2% in November, up 0.1 percentage point from the previous month. Germany recorded a higher inflation rate of 2.6% year-on-year, its fastest pace in nine months. Eurozone unemployment remained unchanged in October at 6.4%, a level persistent since May. Inflation continues to run above the European Central Bank’s target. The benchmark interest rate is expected to be held at 2% at the December meeting to address persistent inflation while acknowledging steady labour market conditions.
Read at London Business News | Londonlovesbusiness.com
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