The European Central Bank (ECB) carried out a survey on consumer inflation expectations, the main conclusions of which are set out below.
The median inflation expectations for the next 12 months increased from 5.1% to 5.4%.
median inflation expectations three years ahead it remained at 3%.
Consumers expect their nominal revenues increase by 0.7% in the next 12 months, compared to 0.6% in September.
Economic growth expectations for the next 12 months decreased from -2.4% in September to -2.6%.
Consumers expect home price growth over the next 12 months to slow to 3.0% from 3.4% in September.
According to the results of the previous survey, consumers expected inflation in the euro zone of 5.1% for the next 12 months.
Market reaction
The survey results have not impressed euro bulls as the EUR/USD is holding near intraday highs at 1.0480 as of this writing. The pair advances 0.05% on the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
