ECB raises inflation outlook for 2027-2028, sees above-2% for an extended period
The ECB sees 2026 inflation at 3% (vs 3% previously). It forecasts 2027 inflation at 2.5% (prev 2.3%) and 2028 inflation at 2.1% (prev 2%). Ex-food and energy inflation is seen at 2.5% for 2026 (unchanged), 2.6% for 2027 (prev 2.5%) and 2.3% for 2028 (prev 2.2%).