The European Central Bank’s latest monthly Consumer Expectations Survey showed on Friday that inflation in the Eurozone looks slightly higher for next year in October.
Key points
Median inflation expectations for the next 12 months rose to 2.5% from 2.4% previously.
Expectations for the next three years remained unchanged at 2.1%.
Consumers became more pessimistic about growth as expectations for the next 12 months fell to -1.1% from -0.9% seen in September.
In line with this growing pessimism, nominal income growth expectations decreased to 1.1% from 1.3%,
Market reaction
EUR/USD is below weekly highs of 1.0597, currently trading 0.22% higher on the day at 1.0578 at the time of writing.
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.
