ECB Says Consumer Inflation Expectations Edged Up in July
- Price gains three years ahead seen at 2.4%, still over 2% goal
- Survey comes as ECB decides whether to hike or pause next
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Consumer expectations for euro-area inflation inched up in July, remaining above the European Central Bank’s 2% target as officials ponder whether to hike or hold interest rates next week.
Expectations for the next 12 months failed to slow, staying at 3.4%, the ECB said Tuesday in its monthly survey. For three years ahead, they rose to 2.4% from 2.3%.