Germany's inflation unexpectedly remained stable in November, supporting the European Central Bank's continued interest rate cuts.
The German Federal Statistical Office stated on Thursday that the harmonized consumer price index (HICP) grew by 2.4% year-on-year in November.
Spain's inflation soared to its highest level since August, and the new trend of Eurozone CPI will be announced on Friday.
Spain's inflation rate has accelerated for the first time since August, reaching 2.4%.
European Central Bank board member Wunsch: If inflation slows more than expected, interest rates will be gradually lowered and the terminal interest rate may approach 2%.
Pierre Wunsch, a member of the European Central Bank's Governing Council, stated in an interview that as inflation eases, the European Central Bank may continue to cut interest rates, potentially bringing them down to levels "close to 2%".
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