Consumers raised their one-year-ahead inflation expectation to 3.1% in September from 3% in August, while their economic outlook worsened, the European Central Bank said in its consumer expectations survey. They expect the economy to shrink 1.5% over the next 12 months, versus a 1.2% contraction expected in August, and see unemployment rising to 11.3% from 11%. Their median estimate of inflation over the previous 12 months rose to 3.6% from 3.5%, and the lowest-income fifth expected higher inflation than the highest-income fifth. Expected mortgage rates a year ahead stood at 4.9%, unchanged from July, while the share of households reporting harder access to credit rose from August.
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EUR/USD
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 1.12168 |
| Change that session | -0.14% |
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