March 6, 2020 / 8:28 AM / a month ago

Key market gauge of euro zone inflation expectations slides to record lows

LONDON, March 6 (Reuters) - A key gauge of long-term euro zone inflation expectations slid to a record low on Friday, reflecting entrenched pessimism over the economic outlook in the face of the coronavirus outbreak.

The five-year, five-year breakeven inflation forward, an inflation gauge tracked by the European Central bank, slid to 1.0327%.

The ECB targets inflation at close to 2%. (Reporting by Dhara Ranasinghe Editing by Tommy Reggiori Wilkes)

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