ECB Says Consumers’ Inflation Expectations Rose in August

Inflation expectations among euro-zone consumers increased in August, the European Central Bank said, backing calls to not lower interest rates further.

Prices were seen rising 2.8% over the next 12 months, up from 2.6% in July, according to a monthly survey released Friday. While the gauge for three years remained unchanged, the one for five years ahead ticked up to 2.2%.