The Zhitong Finance App notes that inflation in the Eurozone has accelerated to double the ECB's target, providing a basis for further interest rate hikes. Eurostat announced on Wednesday that consumer prices rose 4% year on year in October, up from 3.8% in the previous month. This is the highest level since September 2023, and is in line with the survey's median estimate.

The Zhitong Finance App notes that inflation in the Eurozone has accelerated to double the ECB's target, providing a basis for further interest rate hikes. Eurostat announced on Wednesday that consumer prices rose 4% year on year in October, up from 3.8% in the previous month. This is the highest level since September 2023, and is in line with the survey's median estimate.