ECB forecasters see lower inflation for 2025 in latest survey

  • The findings from the latest ECB survey of professional forecasters in Q3 2025
ECB IL
  • 2025 inflation seen at 2.0% (previously 2.2%)
  • 2026 inflation seen at 1.8% (previously 2.0%)
  • 2025 GDP growth seen at 1.1% (previously 0.9%)
  • 2026 GDP growth seen at 1.1% (previously 1.2%)
ECB SPF Q3 2025

The long-term inflation projection remains at 2%, so that falls in line with what the ECB is hoping for in terms of inflation expectations over the medium-term.

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