June 11, 2018 / 8:25 AM / 8 months ago

Market gauge of euro zone inflation at four-month high as ECB meeting looms

People walk through the Mall of Berlin shopping centre during its opening night in Berlin, September 24, 2014. REUTERS/Thomas Peter/File Photo

LONDON (Reuters) - A key market gauge of long-term inflation expectations in the euro zone rose to its highest level in around four months on Monday, ahead of a looming European Central Bank meeting.

The five-year, five-year breakeven forward rate — a measure closely tracked by the ECB — rose to 1.7517 percent EUIL5YF5Y=R.

A rise in inflation expectations follows signs of a pick-up in price pressures across the bloc and amid expectations that this Thursday’s ECB meeting could see some signals on the central bank’s plans to wind down its massive stimulus.

Reporting by Dhara Ranasinghe; editing by Sujata Rao

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