In May, inflation expectations among consumers in the Eurozone decreased but still exceeded the ECB's 2% target. According to the latest survey by the European Central Bank, consumers anticipate a 2.8% rise in prices over the next year, down from 2.9% in April, marking the lowest level since September 2021. Over a three-year horizon, consumers foresee inflation at 2.3%, slightly down from 2.4%.
The ECB gets room to pump if consumer demand collapses...