Eurozone Inflation Hits 2.3%, ECB Rate Cuts Still Expected

Eurozone inflation rose to 2.3% in November, meeting expectations and surpassing the European Central Bank's 2% target. Core inflation remained steady at 2.7%, driven by persistent services inflation. The ECB is expected to implement a 25-basis-point interest rate cut in December, marking its fourth reduction this year, as speculation of a larger cut has diminished. The decision will be influenced by upcoming economic projections and potential global impacts, including U.S. trade policies under President Trump.