Inflation & Prices
ECB Says Consumer Inflation Expectations Match 5-Month High
- Price growth for next 12 months seen at 4% in October
- Officials set to keep rates on hold for second time next week
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Consumer expectations for euro-zone inflation stayed at 4% in October, adding to the European Central Bank’s case for caution in the face of mounting bets for interest-rate cuts.
Expectations for the next year matched the five-month high reached in September, the ECB said Tuesday, citing its own survey. For three years ahead, the outlook also stayed unchanged at 2.5%.