ECB SPF survey: Eurozone inflation seen falling to 2.0% this year
Source Fxstreet
The findings from the European Central Bank’s (ECB) Survey of Professional Forecasters (SPF) showed on Friday that all inflation forecasts across the time horizons are left unchanged from the previous round of the poll conducted three months earlier.
Key takeaways
Inflation is seen at 2.4% this year and 2.0% in 2025, 2026 and in the longer term.
Core inflation seen at 2.6% in 2024, 2.1% in 2025, 2.0% in 2026.
Revisions to economic growth forecasts were minimal, with GDP seen expanding by 0.5% this year, 1.4% next year and in 2026, and 1.3% thereafter.
Market reaction
EUR/USD remains under intense selling pressure so far this Friday, losing 0.45% to trade at 1.0675.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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EUR/USD steadies near 1.1650 ahead of US Nonfarm PayrollsEUR/USD holds ground after five days of losses, trading around 1.1650 during the Asian hours on Friday. Traders remain cautious ahead of the US Nonfarm Payrolls (NFP) report, which is expected to offer further insight into labor market conditions and the Federal Reserve’s (Fed) policy outlook.
EUR/USD holds ground after five days of losses, trading around 1.1650 during the Asian hours on Friday. Traders remain cautious ahead of the US Nonfarm Payrolls (NFP) report, which is expected to offer further insight into labor market conditions and the Federal Reserve’s (Fed) policy outlook.
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