newsweek.ro/economie/inflatia-zona-euro-urcat-4-oc

In October, inflation in the Eurozone rose to 4%, the highest level in three years, driven by energy price increases. This unexpected rise intensifies pressure on the European Central Bank (ECB) for a potential interest rate hike in December. Energy prices surged by 20.8% year-on-year, contributing significantly to inflation, which remains above the ECB's target of 2%. Lithuania reported the highest inflation rate at 6.1%, while Malta had the lowest at 2.3%. Financial markets now predict a 72% chance of an interest rate increase by the ECB, although challenges from the French bond market complicate monetary policy decisions. Analysts suggest that a reduction in political instability in France could lead to a more aggressive rate hike trajectory by the ECB, potentially strengthening the euro against the dollar.