ECB’s latest Survey of Professional Forecasters showed no change in inflation expectations for 2026 and a ten-basis point uptick for 2027.
GDP growth in 2026 is expected at 0.6%, down from the previous forecast for a 1.0% increase while the outlook for 2027 was trimmed to 1.2% from 1.3%.
European Central Bank policymaker Kocher said that second-round effects of inflation have not become apparent, but he is ready to vote for a September hike if needed