LONDON (Reuters) - A key indicator of euro zone market inflation expectations rose to its highest in almost eight months on Thursday in a further sign the European Central Bank's trillion-euro bond-buying programme may be working.
The five-year, five-year forward breakeven rate
Earlier, another indicator showed inflationary pressures in the currency bloc at a four-year high. The Eurozone Future Inflation Gauge (EZFIG), a measure of the outlook for inflation published by the Economic Cycle Research Institute, rose to 100.4 in May from April's 100.2.
Inflation softened in the euro zone during June to 0.2 percent year-on-year, moving away from the European Central Bank's target of close to 2 percent, official data showed on Tuesday.