Eurozone inflation expectations edge up for 2024

The ECB has kept interest rates at a record high since last September and consistently pushes back on rate cut talk.

European consumers expect inflation to rise over the next year, according to a new European Central Bank survey.

Median expectations for inflation over the next 12 months edged up to 3.3% in January from 3.2% in December, while those for inflation three years ahead remained unchanged at 2.5%.