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2026-11-02 19:08:27
[ECB Q4 SPF Survey: Short-Term Inflation Expectations Revised Upwards, Long-Term Anchored at 2%] ⑴ Due to rising energy prices, Eurozone inflation forecasts for 2026 and 2027 have been revised upwards, while the long-term inflation expectation for 2031 remains at 2.0%. ⑵ Respondents expect inflation to reach 3.1% and GDP growth to reach 1.1% in 2026, indicating improved short-term economic resilience, but with downside risks to growth. ⑶ The unemployment rate is expected to rise slightly to 6.5% in 2026, with wage growth slowing down. ⑷ Institutional View: Rising short-term inflationary pressures may delay the timing of ECB rate cuts.
