Signs of ‘de-anchoring’ inflation expectations in eurozone – ECB paper
Study finds professional forecasts are paying more attention to ECB inflation projections
Inflation expectations in the eurozone may have come unstuck from the European Central Bank's (ECB) "close to, but less than, 2%" target, a working paper published today (August 26) by the central bank finds.
Anchoring of inflation expectations in the euro area: recent evidence based on survey data, by Tomasz Łyziak and Maritta Paloviita, finds signs of a "de-anchoring" of expectations in surveys of professional forecasters.
Recently, forecasters have placed increasing emphasis on ECB inflation
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