Annual euro zone inflation rose to 2.3% in November 2024, statistics agency Eurostat said Friday 29th November 2024, climbing back above the European Central Bank’s 2% target.
Analysts had expected the 2.3% annual rate for the month, up from 2% in October.
Markets have fully priced in a 0.25% interest rate cut from the ECB in December 2024, which would mark the institution’s fourth cut of the year.