Eurozone consumers see lower short-term inflation outlook
Consumer inflation expectations in the Eurozone decreased in May, with inflation forecasts for the coming year falling to 3.5% from 4% in April. Expectations for three and five years remained steady at 2.9% and 2.4%, respectively. This comes ahead of recent understandings to end the conflict in the Middle East, which has impacted oil price stability and eased expectations of monetary policy tightening. The European Central Bank indicated the need for additional measures to bring inflation down to the 2% target.
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