ECB June Macroeconomic Projections: Baseline HICP: 2026 3.0% (prev. 2.6%), 2027 2.3% (prev. 2.0%), 2028 2.0% (prev. 2.1%). Real GDP: 2026 0.8% (prev. 0.9%), 2027 1.2% (prev. 1.3%), 2028 1.5% (prev. 1.4%).

Baseline:

• HICP: 2026 3.0% (prev. 2.6%), 2027 2.3% (prev. 2.0%), 2028 2.0% (prev. 2.1%)
• HICP ex-Energy & Food: 2026 2.5% (prev. 2.3%), 2027 2.5% (prev. 2.2%), 2028 2.2% (prev. 2.1%)
• Real GDP: 2026 0.8% (prev. 0.9%), 2027 1.2% (prev. 1.3%), 2028 1.5% (prev. 1.4%)