Euro zone inflation expected to return to target by next year according to ECB survey
A new ECB survey suggests inflation will dip below two percent this year before hitting the target in 2027. Economic growth forecasts see a slight increase.
The European Central Bank's Survey of Professional Forecasters announced on February 6, 2026, that euro zone inflation is projected to dip below 2% this year, reaching 1.8%, and return to the 2.0% target in 2027. This report from the Survey of Professional Forecasters was released immediately following the decision by the European Central Bank to leave interest rates unchanged. The survey is a key input in European Central Bank policy deliberations and significantly influences interest-rate expectations within financial markets.
These projections from the Survey of Professional Forecasters align with the European Central Bank's own unchanged inflation outlook and its decision to leave interest rates unchanged. The survey results provide a foundation for the policy path maintained by the bank and its president, Christine Lagarde christine lagarde. The alignment between the survey and the bank's stance reinforces the current monetary policy framework.
