Slowing Inflation May Give ECB Room to Maneuver on Interest Rates

Slowing Inflation May Give ECB Room to Maneuver on Interest Rates
The inflation rate (ECCPEMUY) in the 17-nation euro area fell to 2.8 percent from 3 percent in November, the European Union’s statistics office in Luxembourg said in an initial estimate today. Euro-area services and manufacturing output contracted less than initially estimated last month and French consumer spending unexpectedly declined in November from October, separate reports showed.