The European Central Bank's survey shows that inflation is easing and is expected to stabilize at the 2% target level in the long term.

Jin10 data July 25 news, the European Central Bank’s survey of professional forecasters released on Friday shows that inflation in the Eurozone may be lower than previously expected in the next two years, and will remain around the central bank’s target of 2% in the long term. This survey, which provides a key basis for policy deliberation, indicates that the inflation rate is expected to average 2% this year, down from the 2.2% forecast three months ago; next year it is expected to further slow to 1.8%, lower than the previous expectation of 2%. Inflation has rapidly fallen over the past few years and is currently hovering around the 2% target — this has become a key reason for the European Central Bank to maintain interest rates unchanged on Thursday and imply that after halving the main rate from 4% to 2% since June 2024, it does not rush to further cut rates. The survey shows that although inflation briefly falls below the target, it will rebound to 2% in the following years, remaining at that target level until the long-term outlook period of 2030.