Economics
Europeans Warn ECB About Fears of Rising Prices, Economic Slump
- Central bank starts regular publication of consumer survey
- Results based on 14,000 inverviews in six euro-area countries
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The European Central Bank faces a toxic mix of surging inflation expectations, the prospect of a shrinking economy and a worsening labor market, according to the citizens it serves.
That’s the thrust of a new monthly poll of euro-zone households, the Consumer Expectations Survey, which is intended to gauge on-the-ground views to support policy makers in their decision making. It highlights the challenge as they weigh how fast to raise interest rates.