ECB Survey: Euro Zone Inflation Expectations Remain Unchanged, But Growth Forecast Lowered

The European Central Bank (ECB) released its latest survey on inflation expectations in the euro zone, showing that they remained broadly unchanged over the past three months.

According to the survey, price growth is expected to fall quickly next year before returning back to the ECB's 2% target in 2028. Currently, inflation has been running at around 3% due to surging energy costs, but most economists believe that price growth is close to peaking and will decline back towards the target sometime in 2027.

The survey showed that inflation averaging 2.7% this year was unchanged from the previous projection, while the 2027 figure was raised to 2.2% from 2.1%. Inflation is expected to hit 2% in 2028 and stay there.