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12° Nicosia,
13 November, 2026
 

News Room

Eurozone inflation remains stubbornly high as ECB prepares another rate hike

Newsroom The European Central Bank is expected to increase interest rates again in December, with inflation running at twice its target and uncertainty over energy costs keeping policymakers under pressure. While most economists believe the decision will mark the final increase in the current tightening cycle, more than a third anticipate another hike in early 2027.
Due to the impending decisions to impose a cap on Russian oil, the first week of December is critical for global oil market balances.

Fuel price cuts have begun

Platt's prices are down around 20%, retail prices are down while estimates for the next period are uncertain.
Maria Eracleous
 |  BUSINESS
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