Forex News

12:12:54 06-06-2023

ECB Survey: Consumer inflation expectations one-year ahead fell to 4.1% in April from 5.0%

The latest survey of consumer expectations for inflation, conducted by the European Central Bank (ECB) on a monthly basis, reveals that inflation expectations among Eurozone consumers decreased significantly in April.

Additional takeaways

Economic growth expectations for the next 12 months at -0.8% in April vs -1.0% in March.

Consumers expect nominal incomes to rise more slowly over the next 12 months.

Median expectations for inflation over the next 12 months fell to 4.1% in April from 5.0% in March.

Expectations for inflation 3 years ahead fell to 2.5% from 2.9%.

Market reaction

EUR/USD is feeling the pull of gravity on softening of inflation expectations in the old continent. The pair is currently trading at 1.0695, down 0.16% on the day.

News provided by the portal FXStreet