Inflation & Prices
ECB Survey Shows 2% Inflation Target Further Out of Reach
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Professional forecasters predict the European Central Bank will take longer to reach its inflation target.
While the quarterly survey still sees an unchanged longer-term reading of 2.1%, the prediction for 2025 was raised to 2.2% from 2.1% three months ago. At the same time, projections for this year and next were lowered.