ECB Survey: Consumers see inflation steady for next 12 months at 4.0% in October

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Inflation expectations among Eurozone consumers were left unchanged at 4.0% in October for the next 12 months, the European Central Bank’s (ECB) monthly Consumer Expectation Survey showed on Tuesday.

Additional takeaways

Median expectations for inflation over the next 3 years seen unchanged at 2.5%.

Economic growth expectations for the next 12 months seen at -1.3% vs. 1.2% previous

Market reaction

At the press time, EUR/USD is bouncing back to near 1.0850, adding 0.05% on the day.