ECB 2021 inflation forecast +1.5% vs +1.0% in December

The latest HICP inflation forecasts from the ECB

• Prior was +1.0%
• 2022 +1.2% vs +1.1% in December
• 2023 +1.4% vs +1.4% in December

For the ECB, the important thing here is that inflation is still expected to be below target for the forecast horizon.