Metals News
ECB survey shows longer-term inflation expectations falling to record lows
translation
17:22PM
The content below was translated by Tencent automatically for reference.

SMM News: a survey of professional forecasters by the European Central Bank found that longer-term inflation expectations fell to the lowest level on record in the euro zone, a day after Draghi promised to take new stimulus measures to drive depressed price pressures.

Annual inflation forecasts were cut by 0.1 percentage points in 2019, 2020 and 2021, according to quarterly surveys. More importantly, forecasters cut their longer-term inflation expectations to 1.7 per cent from 1.8 per cent, a warning that ECB observers could lose confidence in the central bank's ability to maintain price stability.

Admitting such doubts on Thursday, Mr Draghi said policymakers "do not like what they see in terms of inflation". They stressed their determination to act and asked committees to study new easing measures, including the possibility of introducing a new bond purchase programme.

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Europe
inflation
the euro
the economy
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related Price

No Data