ECB Says Consumer Price Expectations Ease But Stay Elevated
Key takeaways
- Euro-area consumers’ expectations for inflation in three years fell slightly to 2.9% in April from 3% in March, per ECB survey released June 1, though policymakers remain likely to raise interest rates next week.
AI insight — what it means
European shoppers still expect prices to keep rising over the next three years, even if their outlook eased a tiny bit. Because of that, the ECB is likely to raise borrowing costs next week, which tends to make stocks and other growth investments less appealing.
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