December 19, 2017 / 8:49 AM / 6 months ago

Gauge of long-term euro zone inflation expectations hits 10-month high

LONDON, Dec 19 (Reuters) - A key market gauge of long-term inflation expectations in the euro area rose to a 10-month high on Tuesday, reflecting expectations that U.S. lawmakers would pass tax legislation this week that could boost inflation and growth.

The five-year, five-year breakeven inflation forward, tracked by the European Central Bank, rose to 1.7340 percent , its highest level since late February. (Reporting by Dhara Ranasinghe; editing by Fanny Potkin)

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