ECB survey: Eurozone Consumer Inflation Expectations increase to 2.6% over next 12 months in November

Dhwani Mehta FXStreet

The latest monthly Consumer Expectations Survey by the European Central Bank showed on Monday that Eurozone inflation is seen a tad higher for the year ahead in November.

Key takeaways

Inflation expectations over the next year rose in November to 2.6% from 2.5% in October.

Inflation expectations three years ahead rise to 2.4% from 2.1%.

Economic growth expectations became more negative, growth seen at -1.3% over next year vs -1.1%.

Market reaction

EUR/USD is holding firm near 1.0430, up 0.36% on the day at 1.0578 as of writing.

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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