ECB Survey: Consumer inflation expectations for next 12 months fall to 4.6% in February
|Following are the key takeaways from a survey of consumer expectations for inflation, conducted by the European Central Bank (ECB) on a monthly basis.
Median inflation expectations for the next 12 months fall to 4.6% in February vs 4.9% in January.
Consumers anticipated a 1.2% increase in nominal income over the next 12 months, down from 1.3% in January.
Expectations for nominal income growth over the next 12 months edged down slightly, while expectations for nominal spending growth edged up.
Expectations for economic growth over the next 12 months became less negative and expectations for the unemployment rate in 12 months’ time decreased;
Consumers’ expectations for growth in the price of their home over the next 12 months and for mortgage interest rates 12 months ahead increased slightly.
Market reaction
EUR/USD Is off the highs but holds the recovery gains above 1.0900 on the above findings. The pair is currently trading at 1.0915, up 0.19% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.