Eurozone inflation forecasts fall before Iran deal
Inflation expectations in the Eurozone for the upcoming year have decreased to 3.5% from an earlier forecast of 4%, prior to the announcement of a preliminary agreement to halt the war between the United States and Iran. Inflation expectations over the next three and five years remain at 2.9% and 2.4%, respectively, despite economic concerns and changes in the oil market. This comes in light of the European Central Bank's outlook of implementing additional measures to bring inflation back to its 2% target.
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