The following are the key findings from the European Central Bank’s (ECB) monthly survey of consumer inflation expectations. In February, median inflation expectations for the next 12 months fell to 4.6% from 4.9% in January. Consumers expect a 1.2% increase in nominal income over the next year, down from 1.3% in January.
Expectations for nominal income growth over the next 12 months have dipped slightly. While those for nominal spending growth have risen slightly.
Expectations for economic growth in the next 12 months have become less pessimistic, while expectations for the unemployment rate in the next 12 months have decreased.
Consumers’ expectations for growth in the price of their home over the next 12 months and for mortgage interest rates 12 months ahead increased slightly.
Consumer inflation Survey reaction on EURUSD
EURUSD Is off the highs, but the recovery gains above 1.0900 are holding. The price of the pair is currently 1.0915, up 0.19% on the day.
