Melanie Debono, an analyst at Penson Macro, pointed out in a report that although the overall inflation rate in November was lower than expected, the ECB is expected to keep interest rates unchanged this week. The Eurozone's overall inflation rate in November was 2.1% after revision, lower than the previous preliminary estimate of 2.2% and general market expectations. Debono said that the inflation rate is expected to rise slightly in December, and the level of inflation at the end of the year will be higher than expected, which may prompt the ECB to raise its inflation forecast for next year. The average inflation rate is expected to average 1.9% in 2026, which is higher than the ECB's current forecast. “This should be enough to stop the ECB from further easing monetary policy in the new year, especially as we expect GDP growth to accelerate,” Debono said.

Melanie Debono, an analyst at Penson Macro, pointed out in a report that although the overall inflation rate in November was lower than expected, the ECB is expected to keep interest rates unchanged this week. The Eurozone's overall inflation rate in November was 2.1% after revision, lower than the previous preliminary estimate of 2.2% and general market expectations. Debono said that the inflation rate is expected to rise slightly in December, and the level of inflation at the end of the year will be higher than expected, which may prompt the ECB to raise its inflation forecast for next year. The average inflation rate is expected to average 1.9% in 2026, which is higher than the ECB's current forecast. “This should be enough to stop the ECB from further easing monetary policy in the new year, especially as we expect GDP growth to accelerate,” Debono said.