ECB Staff Projections: Headline and core inflation forecasts raised, GDP forecast trimmed for 2026/27

HICP:

• 2026: 2.6% (prev. 1.9%, Sep. 1.7%),
• 2027: 2.0% (prev. 2.0%, Sep. 1.9%),
• 2028: 2.1% (prev. 2.0%)

Core-HICP:

• 2026: 2.3% (prev. 2.2%, Sep. 1.9%)
• 2027: 2.2% (prev. 1.9%, Sep. 1.8%)
• 2028: 2.1% (prev. 2.0%)

Growth:

• 2026: 0.9% (prev. 1.2%, Sep. 1.0%)
• 2027: 1.3% (prev. 1.4%, Sep. 1.3%)
• 2028: 1.4% (prev. 1.4%)