Economy
Eurozone consumers optimistic about inflation slowdown - ECB
With the bank expected to raise rates next week, today’s research will feed debate about the number of further borrowing hikes needed to ensure inflation returns to target
Consumer expectations for euro-zone inflation eased significantly in April, adding to the case for the European Central Bank’s historic ramp-up in interest rates to conclude this summer.
Expectations for the next 12 months fell to 4.1 per cent from 5 per cent in March, the ECB said Tuesday in its monthly survey. For three years ahead, they slid to 2.5 per cent from 2.9 per cent — moving toward the 2 per cent medium-term target.
