News Analysis: Experts expect gradual ECB rate cuts despite rising eurozone inflation

BRUSSELS, Jan. 7 (Xinhua) -- Eurozone inflation, as Eurostat reported, hit 2.4 percent in December, the highest since July, but experts expect the European Central Bank (ECB) to continue cutting rates slowly amid the region's weak economic outlook. INFLATION PICKING UP

Service prices continue to drive eurozone inflation, rising 4 percent year-on-year in December, up from 3.9 percent in November. Energy prices tu