Inflation expectations and anchoring during a disinflation episode: Evidence for euro area firms
Paradigma de interes
The effect of the recent inflation cycle on the anchoring of inflation expectations remains a policy concern. This column documents the evolution of euro area firms’ inflation expectations during the disinflation episode since 2022 using novel survey data. Firms’ short-term inflation expectations declined steadily towards the inflation target as the disinflation progressed. However, there is also substantial disagreement about the inflation outlook and an increased sensitivity of longer-term
astăzi