ECB says rate cut pause is justified, blames surging inflation expectations

The European Central Bank (ECB) is pausing on rate cuts, and it’s blaming rising inflation expectations. The central bank made that call after new survey data on Friday showed that people across the euro area now expect prices to rise 2. 8% over the next 12 months. That’s up from 2. 6% in July. The five-year forecast […] source: https://www.cryptopolitan.com/ecb-says-rate-cut-pause-is-justified/