ECB survey highlights steadying inflation expectations as growth prospects remain gloomy

<ul><li>Median expectations for inflation over the next 12 months seen at 4.0% (unchanged)</li><li>Median expectations for inflation over the next 3 years seen at 2.5% (unchanged)</li><li>Economic growth expectations for the next 12 months seen at -1.3% (previously 1.2%)</li></ul><p>In any case, the long-run expectation for inflation continues to keep above the 2% target by the central bank. And that is the more notable takeaway for now I would say.</p>

This article was written by Justin Low at www.forexlive.com.