Golden Finance reported that Capital Economics economist Andrew Kenningham said in a report that inflation data from Germany and Spain mean that the European Central Bank may accelerate the pace of interest rate cuts in December. Inflation in Germany remained at 2.4% in November, while in Spain it climbed to 2.4% from 1.8% in October. Kenningham said data so far suggested Capital Economics' forecast for euro zone inflation to rise to 2.2% in November from 2.0% in October was too high. He added that given that the risk of a resurgence in inflation is decreasing and the risk of prolonged stagnation in economic growth is increasing, this provides a strong case for the European Central Bank to accelerate the pace of interest rate cuts in December, raising the expected rate cut from 25 basis points. to 50 basis points.