Eurozone: Inflation above target into 2027 – Nordea
Nordea expects Eurozone inflation dynamics to stay persistent, with headline inflation projected above the ECB’s target at least until spring 2027.
Nordea predicts Eurozone inflation will remain above the European Central Bank's target until at least spring 2027. Their assessment of recent data indicates it is slightly lower than the ECB's June projections, mainly due to declining food prices. However, they predict minimal downward revisions for the 2026 and 2027 headline inflation forecasts. Core inflation is expected to persist above 2% through the end of 2028, which supports further interest rate hikes by the ECB.
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