# ECB staff see inflation at 3.0% in 2026, 2.1% in 2028

> The ECB's September 2026 staff projections put annual inflation at 3.0% in 2026, falling to 2.1% in 2028. They put GDP growth at 0.9% in 2026, rising to 1.5% in 2028.

- Canonical URL: https://forextradingcommunity.com/news/ecb-staff-see-inflation-3-0-2026-2-1-2028/
- Type: Central banks
- Published: 2026-11-03
- Updated: 2026-11-03
- Publisher: Forex Trading Community (https://forextradingcommunity.com), FTC Editorial Team
- Currencies: EUR

The European Central Bank published its staff macroeconomic projections for the euro area on 10 September 2026, the day of its September monetary policy decision. The bank states that annual inflation is projected at 3.0% in 2026, falling to 2.1% in 2028. Real GDP growth is projected at 0.9% in 2026, rising to 1.5% in 2028 ([ECB, staff macroeconomic projections, September 2026](https://www.ecb.europa.eu/pub/projections/html/index.en.html)).

## The projections, as published

- **Annual inflation, 2026**: 3.0%
- **Annual inflation, 2028**: 2.1%
- **Real GDP growth, 2026**: 0.9%
- **Real GDP growth, 2028**: 1.5%

These are the bank's staff projections, not FTC's view. The ECB's decision that followed the October meeting is in [ECB keeps its deposit rate at 2.50% as energy prices rise](/news/ecb-keeps-deposit-rate-2-50-percent-october-2026/).

## Sources

- [European Central Bank: Staff macroeconomic projections for the euro area, September 2026](https://www.ecb.europa.eu/pub/projections/html/index.en.html)

## Common questions

### What does the ECB project for euro area inflation in 2026?

3.0% annual inflation in 2026, falling to 2.1% in 2028, according to the ECB's September 2026 staff projections.

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