Business & Finance
ECB Says Consumers’ Short-Term Price Expectations Fall Sharply
Key Points
Central Banks ECB Says Consumers’ Short-Term Price Expectations Fall Sharply Inflation expectations among euro-area consumers for the next year fell significantly in May, even before a deal was reached to end the hostilities in the Middle East. Consumer prices were seen rising 3.5%, down from 4% in April, a monthly survey by the European Central Bank showed Friday. The three- and five-year gauges, which are more important for setting monetary policy, stayed elevated at 2.9% and 2.4%.
Central Banks
ECB Says Consumers’ Short-Term Price Expectations Fall Sharply
Inflation expectations among euro-area consumers for the next year fell significantly in May, even before a deal was reached to end the hostilities in the Middle East.
Consumer prices were seen rising 3.5%, down from 4% in April, a monthly survey by the European Central Bank showed Friday. The three- and five-year gauges, which are more important for setting monetary policy, stayed elevated at 2.9% and 2.4%.
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