FRANKFURT (Reuters) – Euro zone households see inflation staying slightly above the European Central Bank’s 2% target for another three years, an ECB survey showed on Wednesday, in a possible headache for rate-setters fighting for their credibility.
The ECB’s latest Consumer Expectation Survey, carried out in August, showed the median respondent thought inflation would be 2.5% three years later, up from 2.4% in the previous survey round a month earlier.
Consumers were also asked about their inkling for inflation in following 12 months, which showed a slight increase to 3.5% from 3.4% in July.
(Reporting by Francesco Canepa; Editing by Alison Williams)
