The European Central Bank (ECB) released its Consumer Expectations Survey on Friday, showing that median inflation expectations for the next 12 months dropped significantly during May.
Consumers’ inflation expectations for the coming year decreased to 3.5 per cent , down from 4.0 per cent in April.
Meanwhile, the median rate of perceived inflation over the previous 12 months remained unchanged at 4.0 per cent .
Longer-term projections remained stable, with
