ECB raises 2027 and 2028 inflation forecasts to 2.5% and 2.1%
The ECB raised its expectations for inflation for 2027 and 2028, citing continued inflation pressure from the war in the Middle East. Staff now projects headline inflation to average 2.5% in 2027 and 2.1% in 2028.
The European Central Bank has lifted its inflation expectations for next year and for 2028, saying the war in the Middle East remains a source of price pressure. 0% in June's projections.