- Analytics
- News and Tools
- Market News
- ECB Survey: Consumer inflation expectations for next 12 months unchanged at 3.4% in July
ECB Survey: Consumer inflation expectations for next 12 months unchanged at 3.4% in July
The European Central Bank’s (ECB) monthly survey of consumer expectations for inflation showed on Tuesday, inflation expectations among Eurozone consumers remained unchanged in July.
Additional takeaways
“Median consumer inflation expectations for the next 12 months were unchanged, while those for three years ahead edged up.”
“Expectations for nominal income growth over the next 12 months declined slightly, but expectations for nominal spending growth remained unchanged.”
“Expectations for economic growth over the next 12 months became slightly more negative, however the expected unemployment rate in 12 months' time was unchanged.”
“Expectations for growth in the price of homes over the next 12 months remained unchanged, while expectations for mortgage interest rates 12 months ahead increased slightly; the share of respondents reporting that they applied for credit in the previous three months increased compared with April.”
Market reaction
EUR/USD is challenging intraday lows near 1.0740, weighed further down by the survey findings amidst a fresh leg higher in the US Dollar. The pair is currently trading at 1.0749, down 0.42% on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
