Inflation Expectations Rise as ECB Stimulus Update Looms: ChartBy
5-year, 5-year forwards -- one of the European Central Bank’s key gauges of inflation expectations -- are near their highest level since January. That’s good news for ECB President Mario Draghi, who is set to speak at a banking conference in Frankfurt on Friday. While he may focus more on lenders’ woes than the Governing Council’s Dec. 8 policy decision, investors will be keen for even the smallest hint on the future of the central bank’s 1.7 trillion-euro ($1.8 trillion) bond-buying program.
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