Eurozone policy-makers and researchers puzzled by trends in long-term inflation expectations
Two working papers argue for significant changes in inflation expectations
Some developments in long-term inflation expectations in the eurozone are puzzling the governing council of the European Central Bank (ECB), it has revealed – while some researchers at the institution are detecting unexpected and potentially significant patterns in the relevant data.
The ECB's governing council discussed changes in eurozone inflation expectations at length, the minutes from its September meeting show. Council members noted "market-based measures of inflation expectations had
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