ECB Survey: Consumers see inflation steady for next 12 months at 4.0% in October

Dhwani Mehta FXStreet

Inflation expectations among Eurozone consumers were left unchanged at 4.0% in October for the next 12 months, the European Central Bank’s (ECB) monthly Consumer Expectation Survey showed on Tuesday.

Additional takeaways

Median expectations for inflation over the next 3 years seen unchanged at 2.5%.

Economic growth expectations for the next 12 months seen at -1.3% vs. 1.2% previous

Market reaction

At the press time, EUR/USD is bouncing back to near 1.0850, adding 0.05% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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