Published by Global Banking & Finance Review®
Posted on August 29, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleEuro zone consumers maintain stable inflation expectations at 2.6%, above the ECB's 2% target, as per the latest ECB survey.
FRANKFURT (Reuters) -Euro zone consumers kept their inflation expectations mostly stable at or above the European Central Bank's 2% target in July, an ECB poll showed on Friday.
The ECB left its key rate at 2% last month and it will probably do so again on September 11 before discussions about further cuts likely resume in the autumn, especially if the economy weakens under U.S. tariffs.
The central bank's monthly Consumer Expectations Survey showed the median respondent expected inflation to average 2.6% over the next 12 months, unchanged from June and far higher than the ECB's own projections.
Expectations for inflation three years ahead were nudged up to 2.5% from 2.4% in June while the five-year-ahead figure was unchanged at 2.1% for the eighth consecutive month.
The ECB targets inflation at 2% over an undefined medium term, generally believed to be around three years.
(Reporting By Francesco Canepa; Editing by Sharon Singleton)
Inflation is the rate at which the general level of prices for goods and services rises, leading to a decrease in purchasing power.
The European Central Bank (ECB) is the central bank for the euro and is responsible for monetary policy within the Eurozone.
A consumer expectations survey gathers data on how consumers perceive future economic conditions, including inflation and spending.
Monetary policy refers to the actions taken by a central bank to control the money supply and interest rates to achieve macroeconomic goals.
The ECB aims to maintain inflation rates at or below 2% over the medium term to ensure price stability.
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