Euro Zone Consumers, Forecasters See Higher Inflation Despite ECB Optimism
Meanwhile the ECB's survey of 19,000 euro area consumers showed a similar uptick in expectations last month. Median expectations for inflation over the next 12 months increased for the third month in a row, to 2.8% from 2.6%. However, three years out, expectations were unchanged at 2.4%.
Lending to euro zone businesses surges after rate cuts
Bank lending to firms in the 20-nation euro area picked up last month, indicating that rapid interest rate cuts have started to flow through to the real economy, despite a gloomy lending survey, European Central Bank data showed on Wednesday.
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Back home, Davorija and her teammates are trying to figure out how to keep this season going as long as possible.
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The Indian equity market is open today along with the commodity markets as the BSE, NSE and MCX have announced a special trading session on Budget day.
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