Rise in inflation follows stronger-than-expected growth data for the third quarter released on Wednesday
Eurozone inflation rose to 2 per cent in October, meeting the European Central Bank’s target and bolstering the case for a smaller quarter-point rate cut in December.
Last month, the figure was 1.7 per cent, falling below the ECB’s target for the first time in more than three years.‘The whole of Spain cries with you’: At least 95 dead and many missing as flash floods hit Valencia regionAlmost 50% of Dublin companies believe working from home makes no difference to productivity
Following Thursday’s inflation number, markets attach a roughly 80 per cent chance of a quarter-point cut, compared with about 60 per cent before the growth figures.
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