Euro zone consumers cut inflation bets for the next year, ECB survey shows
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Euro zone consumers cut inflation bets for next year
Euro zone consumers cut their near term inflation expectations in May and kept them steady for longer horizons, a European Central Bank survey showed today, suggesting that the bank is not under pressure to quickly raise interest rates again.
The inflation expectations for the next 12 months among consumers in the euro area declined in May, reflecting the public's reaction to the easing of tensions in the Middle East. The movement must bring some relief to the policy makers of the European Central Bank (ECB), who fear a high out of control in price pressures.
Euro zone consumers cut inflation bets for the next year, ECB survey shows
Euro zone consumers cut their near term inflation expectations in May and kept them steady for longer horizons, a European Central Bank survey showed on Friday, suggesting that the bank is not under pressure to quickly raise interest rates again.
Among those interviewed, those in the lower income group continued to perceive and express higher inflation expectations, on average, than those in higher income groups.
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