ECB Survey: Consumer inflation expectations for next 12 months fall to 3.9% in May

The latest survey of consumer expectations for inflation, conducted by the European Central Bank (ECB) on a monthly basis, reveals that inflation expectations among Eurozone consumers decreased further in May.

Additional takeaways

See inflation at 2.5% in 3 years, the same as before.

See inflation at 3.9% over next year vs 4.1%.

Consumers see inflation at 3.9% over next year vs 4.1%.

Consumers see inflation at 2.5% in 3 years, the same as before.

Market reaction

EUR/USD remains on the defensive following the release of the above survey findings. The pair is currently trading at 1.0895, up 0.08% on the day.