Eurozone inflation is expected to remain unchanged in November, with forecasts at 2.1% higher than the previous year. The European Central Bank is likely to keep rates steady on Dec. 18, with services inflation driving the Harmonized Index of Consumer Prices in October. Wage growth is moderating, and US tariff policies are keeping inflation low. The ECB may pause interest rate cuts as the economy gains momentum, with no rate cut expected in December. Eurozone growth is predicted to be modest, with slight improvements in 2026 due to Germany’s fiscal stimulus. ECB staff will present new forecasts on inflation and growth at the December meeting.

Read more at Morningstar: Eurozone Inflation: What to Expect from November’s CPI Data