Eurozone inflation unexpectedly rises to 2.2% in November
Economists expect ECB to keep rates on hold at December meeting
Economists expect ECB to keep rates on hold at December meeting

Figure comes after ECB kept rates on hold

Figure was above expectations despite lower energy prices and stronger euro

Economists polled by FT do not expect interest rate cut this year

Middle East energy shock pushes annual rate past European Central Bank’s 2% target

Softer price pressures in large Eurozone economies strengthen case for ECB to hold interest rates

ECB expected to hold interest rates at meeting on Thursday