Euro zone inflation rises to higher-than-expected 2%

Euro Zone Data
Euro zone inflation rises to higher-than-expected 2%

Inflation in the euro zone increased from 1.7% to 2% in October 2024, according to latest figures released on Thursday 31st October 2024, exceeding the forecast of 1.9%. weakening case for jumbo rate cut

Both core inflation and services inflation reportedly remained the same as the previous month.

The markets are anticipating a 0.25% reduction in interest rates by the European Central Bank in December 2024, while analysts have suggested that the latest figures could sway the argument against a more substantial cut.

A reduction of 0.5% has been muted but is now less likely.

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