Central Banks
ECB Says Consumer Inflation Expectations Edged Higher in July
- Prices are seen rising 2.8% in 12 months, 2.4% in 3 years
- Shifts in inflation outlook are key before ECB next sets rates
Photographer: Alex Kraus/Bloomberg
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Inflation expectations of consumers in the euro area inched higher, according to the European Central Bank, though the increase is unlikely sufficient to stop officials from pushing ahead with interest-rate cuts.
While prices are seen advancing 2.8% over the next 12 months — the same as in June — the measure for three years ahead rose to 2.4% from 2.3%, the ECB said Friday in a monthly poll.