Eurozone inflation rose to 2.2% in November, reinforcing expectations that the ECB will keep interest rates unchanged at the December meeting. This means stability for those who have variable rate housing loans, as Euribor tends to follow the ECB’s decisions. Energy fell 0.5%, but services rose 3.5%, putting pressure on the general index. In Portugal, harmonized inflation rose from 2% to 2.1%, placing the country among those with slower rising prices in the euro zone. The ECB’s future decision will depend on economic developments and inflation.
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