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ECB SPF survey: Eurozone inflation seen falling to 2.0% this year

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The findings from the European Central Bank’s (ECB) Survey of Professional Forecasters (SPF) showed on Friday that all inflation forecasts across the time horizons are left unchanged from the previous round of the poll conducted three months earlier.

Key takeaways

Inflation is seen at 2.4% this year and 2.0% in 2025, 2026 and in the longer term.

Core inflation seen at 2.6% in 2024, 2.1% in 2025, 2.0% in 2026.

Revisions to economic growth forecasts were minimal, with GDP seen expanding by 0.5% this year, 1.4% next year and in 2026, and 1.3% thereafter.

Market reaction

EUR/USD remains under intense selling pressure so far this Friday, losing 0.45% to trade at 1.0675.

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