The latest survey on consumer inflation expectations, carried out monthly by the European Central Bank (ECB), reveals that Eurozone consumer inflation expectations declined significantly in April.
Additional comments
“Economic growth expectations for the next 12 months stand at -0.8% in Aprilcompared to -1.0% in March”.
“Consumers expect nominal income to rise more slowly over the next 12 months.”
“Median inflation expectations for the next 12 months fell to 4.1% in Aprilcompared to 5.0% in March”.
“Inflation expectations 3 years ahead fell to 2.5% from 2.9%”.
Market reaction
The EUR/USD is feeling the pull of gravity after the softening of inflation expectations in the Old Continent. The pair is currently trading at 1.0695, down 0.16% on the day.
Source: Fx Street
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