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Central banks and marketsSat 31 Oct 2026 · 12 of 15

ECB forecasters raise 2026‑27 inflation and GDP outlook

Verified · 6/6 supported1 cited · 1 min read

The ECB Survey of Professional Forecasters shows headline inflation expectations for 2026 at 3.0%, revised up by 0.3 percentage points . Expectations for 2027 are 2.6%, revised up by 0.4 percentage points . Long‑term expectations for both headline and core inflation in 2031 remain anchored at 2.0% . Near‑term GDP growth expectations have been revised upward, with increasing growth expected in the short run . Unemployment rate expectations for 2026 were revised up slightly, while expectations thereafter are broadly unchanged, and the risk balance for inflation was tilted to the upside for 2026‑28 .

Why it matters. The risk balance was tilted to the upside for 2026‑28, indicating higher inflation risk during that period .

Earlier on Central banks and markets

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