ECB Survey Sees Inflation Back Under Target Next Year

ECB Survey Sees Inflation Back Under Target Next Year
President of European Central Bank, Christine Lagarde, speaks during a news conference following a meeting of the governing council in Frankfurt, Germany, on Feb. 3, 2022. Michael Probst/Pool via Reuters
Reuters
Updated:

FRANKFURT—Eurozone inflation could still fall below 2 percent next year, a fresh survey published by the European Central Bank showed on Friday, just a day after the bank warned about growing consumer price pressures.

The ECB kept policy unchanged on Thursday but finally acknowledged mounting inflation risks and even opened the door to an interest rate increase this year, in a turnaround for a bank that has kept policy ultra-easy for the past decade.