March 5, 2018 / 11:19 AM / in a year

Gauge of long-term euro zone inflation falls to three-month low

LONDON, March 5 (Reuters) - A key market gauge of long-term inflation expectations in the euro area fell to its lowest level in more than three months on Monday, extending recent falls as investors scale back expectations for a pick up in price pressures in the bloc.

Data last week showed inflation in the euro area slowed to a 14-month low in February to 1.2 percent.

The five-year, five-year breakeven inflation forward, tracked by the European Central Bank, fell to 1.6934 percent , its lowest level since late November. The ECB targets inflation at close to 2 percent.

Reporting by Dhara Ranasinghe, editing by Fanny Potkin

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