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ECB Hits the Brakes: They Maintain 2% Despite Projecting Lower Inflation than Target in 2026 and 2027
Despite projecting that inflation will remain below its 2% target in the coming years (1.7% in 2026 and 1.9% in 2027), the European Central Bank opted for caution.
The decision to keep rates at 2% at the end of October was based on the need not to act hastily in response to temporary deviations and to await growth data and new macroeconomic projections that will be presented in December.
#ECB #Inflation #Growth
