Euro-Zone Inflation Near 2% to Seal Deal on ECB Rate Hold
From finance.yahoo.com
A euro-zone inflation reading that’s likely to stay close to 2% should be enough to satisfy officials that they can avoid tweaking interest rates in December. Consumer prices probably rose 2.1% in November from a year earlier, according to the median of 29 forecasts in a Bloomberg survey ahead of Tuesday’s release. The underlying measure, which strips out volatile elements such as energy, is seen remaining at 2.4%. Such readings for the final inflation numbers before the European Central Bank’s Dec. 18 decision might harden the resolve of policymakers to keep borrowing costs unchanged. That would leave them able to ...
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