2024-07-29 13:13:32
Inflation in the eurozone will reach the target of 2% in 2025, according to a quarterly survey of analysts conducted by the European Central Bank, Day.Az reports with reference to TASS.
According to the results of a survey of 56 experts, published on the ECB website, consumer prices in the currency bloc will grow by 2.4% in 2024.
In both cases, the forecast coincided with the results of the April survey.
Meanwhile, inflation expectations for 2026 have been lowered to 1.9% from 2%.
Core inflation, which does not take into account the dynamics of food and energy prices, will be 2.7% in 2024, 2.2% in 2025, and 2% in 2026, analysts believe.
They believe that the eurozone’s GDP will grow by 0.7% this year (a 0.5% increase was expected in April) and by 1.3% (+1.4%) next year.
The unemployment forecast for the current year has been lowered to 6.5% from 6.6%.
Last week, the ECB kept all three key interest rates unchanged and gave no clear signal about when they would be cut again. The base lending rate is 4.25%, the deposit rate is 3.75%, and the margin lending rate is 4.5%. Rates were cut in June.
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