ECB Consumer Expectations Survey (Dec):

• 1-year CPI expectations 2.8% vs exp. 2.7% (prev. 2.8%)
• 3-year CPI expectations 2.6% vs exp. 2.4% (prev. 2.5%)
• 5-year CPI expectations 2.4% vs  (prev. 2.2%)

• 1-year expectations -1.1% (prev. -1.3%)

The ECB Consumer Expectations Survey reveals higher-than-expected inflation expectations across all time frames, suggesting persistent inflation concerns among consumers. This could imply a need for a more aggressive monetary policy response from the ECB if expectations remain elevated, influencing both interest rates and the EUR's value amid ongoing growth challenges.