A recent survey by the European Central Bank (ECB) has revealed that Eurozone consumers have reduced their expectations for near-term inflation. This comes as the ECB continues to implement various monetary policies to support economic recovery within the region.
The survey, conducted in May, found that consumers in the Eurozone now expect inflation to reach 1.9% over the next 12 months. This is a slight decrease from the 2% expectation recorded in the previous survey conducted in February.
