Euro area inflation probably plunged to 2.1% in November from October's 3.2% Eurostat says...

|By:, SA News Editor

Euro area inflation probably plunged to 2.1% in November from October's 3.2% Eurostat says (.pdf) - the biggest-ever drop - fueling expectations the ECB will cut its key rate of 3.25% by at least another 50 BPs at its Dec. 4 meeting. Economists expected inflation to drop to 2.4%.