The ECB sees inflation falling to 2.7% in 2024 and below 2% in 2026 in the Euro zone

The European Central Bank on Thursday lowered its inflation forecast for 2024 in the euro zone, then forecasting a continued decline in the progression of the index which would fall below the 2% target in 2026. The institution forecasts an increase in prices by 2.7% in 2024 – compared to 3.2% previously -, by 2.1% in 2025, then by 1.9% in 2026. For the first time in more than a year, the ECB has not declared in its press release that inflation remained “too high for too long”.