- Euro-zone inflation expectations fell significantly in April, with expectations for the next 12 months falling to 4.1% and three years ahead to 2.5%.
- The drop in inflation expectations supports the European Central Bank's plan to ramp up interest rates this summer.
- German bonds extended gains after the announcement and traders reduced bets for further interest-rate hikes.
- ECB President Christine Lagarde reaffirmed that interest rates will rise further to control prices.
ECB Says Consumer Inflation Expectations Fell Significantly
Consumer expectations for euro-zone inflation eased significantly in April, adding to the case for the European Central Bank’s historic ramp-up in interest rates to conclude this summer.
Jana Randow
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