Euro zone inflation rose to 2.3% in November, surpassing the European Central Bank's 2% target, as reported by Eurostat. This marks an increase from 2% in October, driven by persistent services inflation, while core inflation remained steady at 2.7%. Markets anticipate a 25-basis-point interest rate cut from the ECB in December, although speculation for a larger cut has diminished amid slight improvements in growth and inflation.
