[Capital Economics: German and Spanish inflation data provide room for the ECB to accelerate rate cuts] Golden Finance reported that Capital Economics economist Andrew Kenningham said in a report that inflation data from Germany and Spain means that the ECB may accelerate the pace of rate cuts in December. German inflation remained at 2.4% in November, while Spanish inflation climbed to 2.4% from 1.8% in October. Kenningham said that the data so far showed that Capital Economics' expectations that eurozone inflation would rise to 2.2% in November from 2.0% in October were too high. He added that given that the risk of inflation rising again is decreasing and the risk of long-term stagnation in economic growth is increasing, this provides a strong reason for the ECB to accelerate the pace of rate cuts in December, raising the expected rate cut from 25 basis points to 50 basis points.
