The European Central Bank’s survey showed that inflation expectations in the euro zone remained broadly unchanged over the past three months.
Inflation, the ECB’s primary focus, has been running at about 3% for months due to surging energy costs, but most economists think price growth is close to peaking and will decline back towards the target sometime in 2027.
The survey showed inflation averaging 2.7% this year, unchanged from the previous projection, while the 2027 figure was raised to 2.2% from 2.1%.
The ECB left interest rates unchanged on Thursday, but hinted at more tightening ahead, possibly as soon as September.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
