ECB survey reveals Eurozone consumers cut inflation expectations and improve employment optimism, with inflation expected to return to target in 2025.
ECB survey shows Eurozone consumers cut inflation expectations, grow optimistic about employment prospects. Inflation fell from double-digit levels in late 2022, expected to hover around 2.5% this year and return to 2% target in 2025. Consumer expectations for yearly price growth decreased to 2.8% in May from 2.9%, while unemployment rate expectations fell to 10.7% from 10.9%. ECB cut interest rates in early June, signaling more moves as inflation eases but without a specific timeline.
June 28, 2024
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