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ECB Says Consumer Inflation Expectations Fell Further in June
Consumer expectations for euro-area inflation fell in June but remained above the European Central Bank’s 2% target as officials ponder whether to continue their unprecedented bout of interest-rate hikes. Expectations for the next 12 months declined to 3.4% from 3.9% in May, the ECB said Tuesday in its monthly survey. For three years ahead, they dropped to 2.3% from 2.5%. The results come before a September meeting that President Christine Lagarde has said will decide between a 10th straight increase in the deposit rate and a pause. ECB research last week showed that underlying inflation — a metric it’s been ... (full story)