ECB Highlights Sharp Decrease in Consumer Inflation Expectations

Consumer expectations for euro-zone inflation eased significantly in April, adding to the case for the European Central Bank’s historic ramp-up in interest rates to conclude this summer.

Expectations for the next 12 months fell to 4.1% from 5% in March, the ECB said Tuesday in its monthly survey. For three years ahead, they slid to 2.5% from 2.9% — moving toward the 2% medium-term target.

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