ECB’s Consumer Expectations survey: Households became attentive when Iran conflict started
The post ECB’s Consumer Expectations survey: Households became attentive when Iran conflict started appeared on BitcoinEthereumNews.com. According to the latest European Central Bank’s (ECB) own Consumer Expectations survey (CES), consumers immediately increased their attention to price changes when the Iran conflict started, even though inflation was still around 2%, the central bank’s target level, Reuters reports. Remarks This evidence suggests that consumers are experiencing the war in Iran with a potential ‘double scar’. These two scars may reinforce each other and are likely to shape consumer expectations and behaviour in the coming months, as conflicts and heightened macroeconomic uncertainty persist. ECB FAQs The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its pr