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The European Central Bank will decide on its monetary policy on 30 January (Photo: ECB)

Eurozone inflation rises to 2.4 percent, reducing chances of rapid rate-cuts

Eurozone inflation rose to 2.4 percent in December, according to Eurostat data published on Tuesday (7 January).

A small uptick of inflation was expected due to the delayed catch-up of wages which are still slightly below real levels of 2019.

But because it marked the third consecutive increase in inflation,...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

The European Central Bank will decide on its monetary policy on 30 January (Photo: ECB)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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