They suggest that German inﬂation expectations are by and large aligned with our monetary policy aim. [10] As such, the data also provide no justiﬁcation for fears that households’ inﬂation expectations might slide downwards or become unanchored.
No doubt you will remember that some monetary policy makers have voiced these concerns in recent years, and they were a factor in justifying certain monetary policy decisions. The survey can help us to better understand how individuals form and adapt their expectations. As a result, the Bundesbank has decided to survey the expectations of German households every month in future.