LONDON (Reuters) - A key market measure of long-term inflation expectations in the euro zone broke above 1.8 percent on Friday for the first time in more than a year, in the region of the ECB's near 2 percent target.
Signs of stronger economic growth globally, a pick-up in inflation and expectations of large fiscal spending under new U.S. President Donald Trump have all helped push euro zone inflation expectations higher in recent weeks.
The five-year, five-year breakeven forward, a market measure of the euro zone's long-term inflation expectations tracked by the European Central Bank, rose <EUIL5YF5Y=R> to its highest level since December 2015.
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(Reporting by Dhara Ranasinghe; Editing by John Geddie)