"Eurozone inflation fell to 2.0% in December, returning to the European Central Bank's target."
"Core inflation, which strips out volatile food and energy prices, eased to 2.3% in December, down from 2.4% in November."
"Meanwhile, data on the Eurozone labour market show that the unemployment rate inched down 0.1 percentage points to 6.3% in November."
"With the inflation rate at target, we expect the ECB to continue holding off on rate cuts for the time being."
Eurozone headline inflation fell to 2.0% in December, matching the European Central Bank's 2% target. Core inflation, excluding food and energy, eased to 2.3% in December from 2.4% in November. The unemployment rate moved down 0.1 percentage points to 6.3% in November, indicating a modest cooling in the labour market. The benchmark interest rate was held after a December meeting of the Eurozone's monetary authority. With headline inflation at the target, further policy easing appears unlikely in the near term and the ECB is expected to delay rate cuts for now.
Read at London Business News | Londonlovesbusiness.com
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