Central Banks
ECB Says Consumer Inflation Expectations Edged Up in October
- Price growth seen at 2.5% over next year, 2.1% in three years
- Poll results come amid expectations of December rate cut
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Inflation expectations of consumers in the euro area edged higher in October, according to the European Central Bank — supporting policymakers arguing in favor of a cautious approach to lowering interest rates.
Prices are seen rising 2.5% over the next 12 months, up from 2.4% in September but still lower than in any other month since September 2021, the ECB said Friday in its monthly survey. The gauge for three years remained at 2.1%, just above the ECB’s target.