September 27, 2019 / 9:21 AM / a month ago

Key market gauge of euro zone inflation expectations falls to lowest since July

LONDON, Sept 27 (Reuters) - A key market gauge of the euro zone’s inflation expectations fell to its lowest level since early July on Friday, heading back towards recent record lows.

The five-year, five-year breakeven forward fell to as low as 1.188%. It has fallen sharply this week as dismal PMI data from powerhouse economy Germany fueled concerns about the euro zone’s long-term growth and inflation prospects.

The inflation gauge, tracked by the European Central Bank, is also nearing record lows hit in June around 1.13% and reflects growing concern that ECB stimulus will be unable to lift inflation. (Reporting by Dhara Ranasinghe; editing by Yoruk Bahceli)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below