( ) -q-24- UNDATED (Correspondent Jeremy House) “interest rate hikes.” Europeans are again seeing some relief as inflation dropped to 2.4% in November, the lowest in more than two years. [CutID: <Cuts> EUROPE-INFLATION-house-q-THUam.mp3 Time: 24s Title: EUROPE-INFLATION-house-q-THUam Out-cue: interest rate hikes] TAG: Correspondent Jeremy House reporting. The latest inflation figure raises expectations that the ECB […]
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Inflation in Europe falls to 2.4% as interest rates pack a punch
( ) -q-24- UNDATED (Correspondent Jeremy House) “interest rate hikes.”
Europeans are again seeing some relief as inflation dropped to 2.4% in November, the lowest in more than two years.
[CutID: <Cuts> EUROPE-INFLATION-house-q-THUam.mp3
Time: 24s
Title: EUROPE-INFLATION-house-q-THUam
Out-cue: interest rate hikes]
TAG: Correspondent Jeremy House reporting. The latest inflation figure raises expectations that the ECB would hold rates steady for the second time in a row at its meeting next month. While inflation is down, economic growth has stalled.
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VERBATIM: Plummeting energy costs have eased a cost-of-living crisis, but higher interest rates are squeezing the economy’s ability to grow. The European Union’s statistics agency says inflation for the 20 countries using the euro currency was down from an annual 2.9% in October. That’s close to the the European Central Bank’s target of 2% after a rapid series of interest rate hikes.