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ECB Says Consumer Inflation Expectations Match 5-Month High
Consumer expectations for euro-zone inflation stayed at 4% in October, adding to the European Central Bank’s case for caution in the face of mounting bets for interest-rate cuts. Expectations for the next year matched the five-month high reached in September, the ECB said Tuesday, citing its own survey. For three years ahead, the outlook also stayed unchanged at 2.5%. Consumer-price gains have moderated in recent months, with the three most recent monthly readings all coming in below economists’ expectations. In November, inflation slowed to just 2.4%, while a core measure stripping out energy and food — a key ... (full story)