Euro prices, jobs plunge, paving way for big cut

The chances of the European Central Bank's Governing Council making their biggest-ever cut next week rose on Friday after inflation plummeted to just above the central bank's target and unemployment rose.

A flash estimate from Eurostat, the European Commission's statistics bureau, put annual inflation for November at 2.1%, down from 3.2% last month. The decline is the biggest since 1991 and leaves inflation just above the central bank's target of below but close to 2%. It is the lowest level

To continue reading...